Increasing Growth in Apparels Market in Developing Countries
Apparel is one of the oldest and largest export industries in the world. It is also one of the fastest growing global industries due to the reason, most of the developing nations manufactures for the international textile and apparel market. Apparel production is a springboard for national development. China, India, Bangladesh, Turkey, Vietnam etc., are some of the major targeting areas for apparels. China has always been the largest consumer, as well as supplier for textile chemicals. It is expected to remain the single-largest and fastest-growing market for coming ten years, at least. Indian industries have witnessed significant growth owing to government concessions to small-sized establishments and adoption of better technologies. The connection between manufacturers and end-users created by traders from Hong Kong, South Korea and Taiwan is a unique trait of global textile and apparel sector.
Home Furnishing Segment to Dominate the Market
Increasing construction market across the globe primarily in countries, such as China, and India is boosting the demand for home furnishing applications. Bed sheets, towels, upholstery, curtains, rugs, carpets, table linen, window treatments etc. Shifting trend towards soft furnishings in homes is likely to further boost the fabric softeners in the home furnishing applications during the forecast period.
Asia-Pacific to Dominate the Textile Chemicals Market
In terms of consumption in 2017, Asia-Pacific accounts for more than 45% of the market followed by North America and Europe. The extensive demand for textiles in countries, such as India and China, from the apparels and the home furnishing sectors have made Asia-Pacific an area of immense potential and opportunities. However, the increasing labor costs in this region have considerably hindered the growth of this market. Additionally, Asia-Pacific is a largest exporter of textile chemicals to Europe.
Key Developments in the Market
October 2017: Huntsman launched PHOBOTEX RSY, a water repellent, which can be employed in synthetic fibers
May 2017: DyStar opened new laborotroty in Tamilnadu, India, which isnlikely to help in increasing the exports
Major Players: Archoma, Buckman Labs. Inc., Dow Chemical Company, Covestro, Huntsman Corp. and Lubrizol Corp., amongst others.
Reasons to Purchase this Report
- Current and future global textile chemicals market in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet in excel
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Robust Growth in Apparels Market in Developing Economies
4.1.2 Growing Demand for Industrial Fabrics in North America
4.2.1 Growing Popularity of Bio-based Alternatives
4.3.1 Development of Smart Textiles
4.3.2 Other Opportunities
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Type
5.1.1 Textile Colorants
5.1.2 Textile Auxiliaries
5.1.3 Textile Finishing Chemicals
5.1.4 Textile Polymers
5.1.5 Coating & Sizing Chemicals
5.1.6 Flame Retardants
5.2 By Application
5.2.2 Home Furnishing
5.2.3 Automotive Textiles
5.2.4 Industrial Textiles
6. Regional Market Analysis (Market size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle-East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.4 Rest of Middle-East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.1 Abitec Corporation
9.2 Achitex Minerva spa
9.3 Air Products & Chemicals Inc.
9.4 AkzoNobel N.V.
9.6 Berkshire Hathawy (Lubrizol Corporation)
9.7 Buckman Laboratories Inc.
9.8 Chemipol (Kothari Group
9.10 Dainichizeika Color & Chemicals Mfg. Co. Ltd.
9.11 Dow Chemical Company
9.12 Formosa Organic Chemical Industry Co. Ltd.
9.13 Genesee Polymers Corporation
9.14 Huntsman Corporation
9.15 KC Chemical (M) Sdn. Bhd.
9.17 Kiri Industries
9.18 K-Tech (India) Ltd.
9.19 L.N. Chemical Industries
9.21 Omnova Solutions Inc.
9.22 Ultra Additives Munzing
*List not exhaustive
**Subject to Availability on Public Domain
- Abitec Corporation
- Achitex Minerva spa
- Air Products & Chemicals Inc.
- AkzoNobel N.V.
- Berkshire Hathawy (Lubrizol Corporation),Buckman Laboratories Inc.
- Chemipol (Kothari Group
- Dainichizeika Color & Chemicals Mfg. Co. Ltd.
- Dow Chemical Company
- Formosa Organic Chemical Industry Co. Ltd.
- Genesee Polymers Corporation
- Huntsman Corporation
- KC Chemical (M) Sdn. Bhd.
- Kiri Industries
- K-Tech (India) Ltd.
- L.N. Chemical Industries
- Omnova Solutions Inc.
- Ultra Additives Munzing