Dublin, March 23, 2021 (GLOBE NEWSWIRE) -- The "Asia-Pacific Textile Chemicals Market 2020-2026" report has been added to ResearchAndMarkets.com's offering.
The Asia-Pacific textile chemicals market is anticipated to grow at a CAGR of 4.1% during the forecast period. The Asia-Pacific textiles and apparel market has accelerated over the historic period, with strong rates achieved in the last three years (2017, 2018, 2019), which consequently benefited the textile chemicals industry in the region. However, the textile chemicals sector has recorded negative growth in 2020, owing to the strong decline in the textile and apparel market, due to the COVID-19 pandemic, although will record growth in the subsequent years.
In the last five years, the Asia-Pacific textile manufacturing industry has recorded significant growth, which has extensively benefited the textile chemicals space in the region. Increasing disposable incomes coupled with dominating fast fashion space has resulted in an increased demand for textile chemicals in the region. Developing countries such as India and China have been contributing majorly to the global textile industry. In India, the textile industry is driven by advancement in textile chemicals technology, low-priced labor, and the "Make in India" initiative. Bangladesh has also been one of the major textiles making counties in the region, due to its competitively priced goods, making it a lucrative market for textile chemicals.
The Asia-Pacific textile chemicals market is segmented based on type, application, and raw material. Based on application, the market is classified into apparel, automotive textile, home furnishing, industrial textile, and others. The rising demand for new furniture in emerging countries, such as India, and China, is estimated to boost the demand for textile chemicals. The increasing demand for furniture, owing to the rising commercial construction activities, coupled with the increasing furniture exports from the above-mentioned countries, is fueling the demand for textile chemicals in these countries.
Based on geography, the market is segmented into China, Japan, India, and the Rest of Asia-Pacific. The textile industry in China is the world's largest in terms of both overall production and exports. Growth in the Chinese market has been driven by increasing disposable income and the dominance of fast fashion, which has driven China to become the leading exporter of clothing. This is especially relevant for consumers in urban areas, who want new looks at low prices. The popularity of companies such as H&M and Inditex in third-tier cities has helped cement regular demand in the retail market which has translated into growth for the manufacturers. Similarly, growth in the Indian consumer market has been driven by rapid urbanization, increasing disposable incomes, and growing purchasing powers, which has created the demand for consumer products across both segments.
Asahi Kasei Corp., BT BIOTEX Sdn BHD, Formosa Plastics Corp., Rossari Biotech Ltd., Tata Chemicals Ltd., Mitsubishi Chemical Coep., Omya International AG, Zhejiang Longsheng Group Co., Ltd., Shandong Qing Shun Chemical Co., Ltd.; and Sumitomo Chemical Co., Ltd. are some of the players actively working in the Asia-Pacific textile chemicals market.
1. Asia-Pacific Textile Chemicals Market Research and Analysis by Type
2. Asia-Pacific Textile Chemicals Market Research and Analysis by Application
3. Asia-Pacific Textile Chemicals Market Research and Analysis by Raw Material
The Report Covers:
Comprehensive research methodology of the Asia-Pacific textile chemicals market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Asia-Pacific textile chemicals market.
Insights about market determinants that are stimulating the Asia-Pacific textile chemicals industry.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
Key Topics Covered:
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.3. Rules & Regulations
3. Market Determinants
4. Market Segmentation
4.1. Asia Pacific Textile Chemicals Market by Type
4.1.1. Colorants &Auxiliaries
4.1.2. Coating &Sizing Chemicals
4.1.4. Desizing Agents
4.1.5. Finishing Agents
4.2. Asia Pacific Textile Chemicals Market by Application
4.2.2. Automotive Textile
4.2.3. Home Furnishing
4.2.4. Industrial Textile
4.3. Asia Pacific Textile Chemicals Market by Raw Material
4.3.1. Synthetic (Polyester, Nylon)
4.3.3. Wool & Cashmere
5. Regional Analysis
5.1.4. Rest of Asia-Pacific
6. Company Profiles
6.2. Dow Inc.
6.3. Asahi Kasei Corp.
6.4. BT BIOTEX Sdn BHD
6.5. Fineotex Chemical Ltd.
6.6. Formosa Plastics Corp.
6.7. Mitsubishi Chemical Corp.
6.8. NICCA Chemical Co., Ltd.
6.9. OmyaInternational AG
6.10. Shandong Qing Shun Chemical Co., Ltd.
6.11. Sumitomo Chemical Co., Ltd.
6.12. Rossari Biotech Ltd.
6.14. Sarex Chemical Ltd.
6.15. Tata Chemicals Ltd.
6.16. Toray Industries, Inc.
6.17. Zhejiang Longsheng Group Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/x26fz5
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