Textile Auxiliaries Market to Expand with Significant CAGR During 2024
Textile
auxiliary is a group of textile chemicals used for various functions
at different stages of textile processing. These stages include
processes such as pre-treatment, dying, printing, and finishing.
Textile auxiliaries are employed during textile processing to
increase durability and esthetic appeal of textile products. Ability
of textile auxiliaries to improve the functional properties of
textile products has increased their utilization in the textile
industry. Rise in production and consumption of textiles is expected
to drive the global textiles auxiliaries market during the forecast
period.
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The
global textile auxiliaries market can be segmented based on type,
application, process type, and geography. In terms of type, the
global textile auxiliaries market can be divided into type 1, type 2,
and type 3. Based on application, the global textile auxiliaries
market can be segregated into apparels, automotive textiles,
geotextiles, home furnishing, industrial textiles, smart textiles for
military & defense, and others.
In
terms of process type, the global textile auxiliaries market can be
classified into pre-treatment, finishing, and dyeing & printing.
The pre-treatment process prepares the fabric for finishing and
dyeing. Most textile auxiliaries are used during this process.
Ability of textile auxiliaries to improve the durability of fabric
during the pre-treatment process is anticipated to propel their
consumption in the pre-treatment processing stage of fabric during
the forecast period.
Based
on geography, the global textile auxiliaries market can be divided
into North America, Europe, Asia Pacific, Middle East & Africa,
and Latin America. The U.S. and Canada are estimated to propel the
textile auxiliaries market in North America. The U.K., Germany,
France, Russia, Spain, Italy, and Sweden are the leading countries in
the textile auxiliaries market in Europe. Asia Pacific is the
dominant region of the textile auxiliaries market. China, South
Korea, Japan, India, Thailand, the Philippines, Malaysia, Bangladesh,
Sri Lanka, and Singapore are likely to dominate the textile
auxiliaries market in Asia Pacific, with India being a rapidly
developing market. India accounts for major share of the textile
auxiliaries market. Israel, Turkey, the UAE, Iran, Egypt, Nigeria,
Ghana, Kenya, and Saudi Arabia are some of the leading countries in
the textile auxiliaries market in Middle East & Africa. The
textile auxiliaries market in Latin America is dominated by Brazil,
Mexico, Peru, Chile, Colombia, and Argentina.
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Several
players operate at the regional and global level in the textile
auxiliaries market. Key players include Archroma, Abitec Corporation,
Achitex Minerva spa, Air Products & Chemicals Inc., AkzoNobel
N.V., Berkshire Hathaway (Lubrizol Corporation), Buckman Laboratories
Inc., Chemipol (Kothari Group), Covestro, Dainichiseika Color &
Chemicals Mfg. Co.Ltd., Dow Chemical Company, Formosa Organic
Chemical Industry Co.Ltd., Genesee Polymers Corporation, Huntsman
Corporation, KC Chemical (M) Sdn. Bhd., Kemira, Kiri Industries,
K-Tech (India) Ltd., L.N. Chemical Industries, Lonsen, Omnova
Solutions Inc., and Ultra Additives Munzing.
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