Textile Chemicals Market Analysis, Share, Size, Trends, Forecasts to 2020

Technavio Announces the Publication of its Research Report Global Textile Chemicals Market 2016-2020

Technavio recognizes the following companies as the key players in the global textile chemicals market: AkzoNobel, Arkema, Dow Chemical, and Huntsman.

Other Prominent Vendors in the market are: Kiri Industries, Lubrizol, Omnova Solutions, Pulcra Chemicals, and Sumitomo Chemical.

Browse full report with TOC@ https://marketreportscenter.com/reports/368494/global-textile-chemicals-market-2016-2020

Commenting on the report, an analyst from Technavios team said: Emergence of new textiles with smart functions will be a key trend for market growth. The textile chemical industry is developing new textiles with smart features due to advances in technology. New products are being developed in industrial and medical textiles, geo- and agro-textiles, and in wearable electronics. The apparel industry, with its increased focus on branding, is differentiating products by using unique selling points such as wrinkle resistance, stain resistance, and antimicrobial properties. The growing demand for leisure and sportswear is promoting the use of antimicrobial finishes that prevent odor generated by bacteria and sweat.”

According to the report, one of the key drivers for market growth will be growing global apparel market. The global apparel market is growing at a faster pace in developing economies such as India, China, and Brazil than in the developed nations. Increasing brand consciousness and fashion sense, and the rise in disposable incomes in the developing nations are encouraging the growth of the global apparel market. This is compelling garment and textile manufacturers to manufacture quality apparel.

Further, the report states that high economic uncertainty will be a challenge for the market. The growth of the textile industry and textile chemical consumption is highly correlated with the global economic scenario. A healthy economic growth will result in a...