The market for the sizing agents is expected to register a CAGR of about 5% globally during the forecast period. Growing demand from the textile industry and the increasing demand from the paper manufacturing industries are driving the market. On the flip side, stringent environmental regulations, coupled with unfavorable conditions arising due to the COVID-19 outbreak, are hindering the growth of the market.
- The sizing agent market is expected to grow during the forecast period, owing to the increasing demand from the textile manufacturing industry.
- The Asia-Pacific region is expected to dominate the market across the world, with the largest consumption from countries, such as China, India, and Japan.
Key Market Trends
Growing Demand from the Textile Manufacturing Industry
- Sizing agents are widely used in the manufacturing of textiles, and the studied market is expected to be the fastest-growing market during the forecast period.
- Sizing agents are used in the textile industry to protects yarns, like cotton, linen, and polyesters, to prevent breakage of yarn during weaving and reduce machinery downtime.
- Moreover, sizing agents help yarn withstand high mechanical stress during weaving. Sizing agents improve abrasive resistance and strength and reduce the hairiness of the yarns.
- However, natural sizing agents, such as starch, are insufficient for modern demand and high-performance looms. The increase in the use of synthetic sizing agents, like polyvinyl alcohol, carboxymethyl cellulose, and polyacrylates, to meet modern demands is expected to drive the market.
- As stated by the National Development and Reform Commission of China, domestic sales of apparel and knitwear stood at around USD 172.4 billion for the first 11 months of 2019, which showed an increase of about 3% year-on-year growth rate.
- The growing demand for apparel industry to fulfill the demands of growing population and increasing fashion trends are expected to drive the market for sizing agents in the textile manufacturing sector during the forecast period.
The Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to dominate the market for sizing agents during the forecast period, due to an increase in the demand from countries, like China and India.
- Sizing agents are used in the manufacturing of paper, to reduce water absorptivity and porosity, which increases the printability of paper, and the inks and paints remain true on the surface of the paper.
- In India, an increase in the use of paper bags and paper-based (paperboard) packaging to prevent environmental pollution is expected to drive the market for sizing agents in the paper industry.
- The increasing demand from the e-commerce and food delivery sectors is expected to drive the market. China’s e-commerce market is dominated by Alibaba, whose market share is around 59%. The company’s annual revenue in FY 2019 has seen 51% year-on-year growth and the growing e-commerce industry requires paper packaging.
- As per the Ministry of Textiles annual report 2018-2019, India’s textile industry contributes 7% to industry output in value terms, 2% to India’s GDP, and 15% to the country’s export earnings.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for sizing agent in Asia-Pacific during the forecast period.
The global sizing agent market is partially fragmented with players accounting for a marginal share of the market. Few companies include Refnol Resins & Chemicals Ltd, Solenis, Drop Chemicals SA, Mare SpA, and Angel Starch & Food Private Limited.
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Table of Contents
1.2 Scope of the Study
4.1.1 Growing Demand from the Textile Industry
4.1.2 Increasing Demand from the Paper Manufacturing Industries
4.2.1 Stringent Environmental Regulations
4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5.2.2 Paper and Paper Board
5.2.3 Food and Beverage
5.2.4 Other Applications
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.3.2 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.3.4 South America
18.104.22.168 Rest of South America
5.3.5 Middle-East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 South Africa
188.8.131.52 Rest of Middle-East and Africa
6.2 Market Share(%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Angel Starch & Food Private Limited
6.4.2 Aries Chemical Inc.
6.4.3 Associated Chemical
6.4.6 Drop Chemicals SA
6.4.7 Eco Polychem Pvt. Ltd
6.4.8 Finor Piplaj Chemical Limited
6.4.9 Harima Chemicals Group Inc.
6.4.10 Huixian Tiankai Paper Making Agent Co. Ltd
6.4.12 Mare SpA
6.4.13 MATANGI INTERNATIONAL
6.4.14 Refnol Resins & Chemicals Ltd
A selection of companies mentioned in this report includes:
- Angel Starch & Food Private Limited
- Aries Chemical Inc.
- Associated Chemical
- Drop Chemicals SA
- Eco Polychem Pvt. Ltd
- Finor Piplaj Chemical Limited
- Harima Chemicals Group Inc.
- Huixian Tiankai Paper Making Agent Co. Ltd
- Mare SpA
- MATANGI INTERNATIONAL
- Refnol Resins & Chemicals Ltd