The global textile chemicals market is estimated at USD 26.5 billion in 2021 and is expected to reach USD 33.1 billion by 2026, with a CAGR of 4.6% from 2021 to 2026.

The determining factor of the textile chemicals market is that chemicals are the increasing demand for technical textiles. The increasing adoption of low-VOC and biodegradable materials for textile manufacturing is also expected to provide lucrative opportunities for the growth of textile chemicals.

New York, October 13, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Publication of the “Textile Chemicals Market by Fiber, Product Type, Application and Region – Global Forecast to 2026” report – https: // www .reportlinker .com / p05570351 /? utm_source = GNW

Synthetic fibers are expected to be the fastest growing type in the textile chemicals market during the forecast period.
Synthetic fibers are the fastest growing segment by fiber type in the textile chemicals market. . The growth in this segment is attributed to the increasing use of textile chemicals in industrial applications. Synthetic fibers are synthetic fibers derived from polymers or chemicals. They have qualities superior to those of natural fibers and have wide industrial applications. Synthetic fibers include polymer nylon, polyester, olefin, acrylic, and modacrylic. They are among the most widely used raw materials in the production of textiles. Synthetic polymers are strong, stiff, high strength fibers that are used in high tech applications such as bulletproof vests

Petroleum refining is expected to be the fastest growing application in the textile chemicals market during the forecast period.
Petroleum refining is the fastest growing application segment in the textile chemicals market. and economically from numerous hydrocarbon streams in petroleum refineries through non-regenerative and regenerative textile chemicals.

It accounted for a share of around 22.39% of the textile chemicals market, in terms of value, in 2020.

APAC is the largest market for textile chemicals
APAC accounted for the largest share of the textile chemicals market in 2020. The APAC textile chemicals market is driven by demand from countries like China, Japan and India.

Rapid industrialization, mainly in emerging economies such as China and India, has been a major driver of the global textile chemicals market. technical textiles, home textiles and clothing.

Apart from this, favorable government policies, as well as low cost of labor in countries such as India, Vietnam and Bangladesh further strengthen the textile industry in these countries. Low production cost in these countries and huge textile production capacity installed in countries such as because China has also attracted many international textile players to the region.

This is expected to stimulate demand for textile chemicals in the region.

This study has been validated by primaries conducted with various industry experts around the world. These primary sources have been divided into 3 categories, namely by company, by designation and by region.
• By type of business: level 1 at 55%, level 2 at 30% and level 3 at 15%
• By designation – level C – 21%, directors – 23% and others – 56%
• By region – North America – 45%, Europe – 27%, Asia-Pacific – 15%, Middle East – 6% and South America – 7%

The textile chemicals market includes major solution providers, such as Dow, Inc. (US), BASF SE (Germany), Wacker Chemie AG (Germany), Huntsman Corporation (US), Solvay (Belgium ) among others. The study includes an in-depth competitive analysis of these key players in the Textile Chemicals market, with their company profiles and key market strategies.

Research coverage:
The report covers the Textile Chemicals market on the basis of type, application, and region. This study aims to estimate the size and future growth potential of the market through different types of segmentation.

It also includes an in-depth competitive analysis of the major market players, along with their key growth profiles and strategies.

Main advantages of purchasing the report:
• Comprehensive coverage and analysis of Textile Chemicals Market in Asia-Pacific, Europe, North America, South America, Middle East and Africa
• Competitive landscape of the main players and their developments in the textile chemicals market
• Identification of high potential opportunities for textile chemicals
• Identification and targeting of high growth application segments
Read the full report: https://www.reportlinker.com/p05570351/?utm_source=GNW

About Reportlinker
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