Global Ethylene and Acrylic Acid Market Insight

Textile Auxiliaries Chemicals are chemicals that join chemical products, which can more effectively perform the processing operations of dyeing, preparation, and finishing. According to WK-chem Research "Global Ethylene and Acrylic Acid Professional Survey Report in 2022, Predicted to 2027", based on the WK-chem Research regression analysis model, it is estimated that the compound annual growth rate (CAGR) from 2022-2027 is 5.2%.

Analyst's view:

"One of the main factors driving the development of the market is the vigorous development of the apparel market in emerging economies." said Emma, a senior analyst at the WK-chem Research Chemical & Material Market Research Center. "However, the pollution problems caused by the finishing industry and textile dyeing are expected to be somewhat Limit the growth of the market."

Market insight:

As textiles are increasingly used in a variety of applications, from clothing to home decoration, etc., a series of activities have emerged in the larger textile industry, and the Textile Auxiliaries Chemicals market has grown accordingly. Due to the booming clothing industry in developed and developing countries around the world, clothing is still the main application of the Textile Auxiliaries Chemicals market. The growth of the clothing industry in developing countries can be attributed to the increase in the disposable income of the people in these areas, which is likely to have a significant positive impact on the growth of the global Textile Auxiliaries Chemicals market. At present, designing a production process that uses lower water and energy can avoid the use of toxic chemicals and reduce the generation of waste, which is the most important for textile manufacturing.

However, due to lockdowns in many countries, COVID-19 has had a huge impact on the global apparel industry. In addition, due to the economic slowdown caused by the coronavirus pandemic and the blockade leading to a slowdown in manufacturing operations, it is expected to have an adverse impact on market development, but it is expected to recover by the end of 2020.

Competitive landscape:

With the emergence of multinational companies and local market participants, the global Textile Auxiliaries Chemicals market is fragmented in nature. The first few participants accounted for a clear share of global market demand. The key companies operating this market are Huntsman International LLC, Archroma, Dow, Evonik Industries AG and Wacker Chemie AG.

Market segmentation:

According to product types, the global Textile Auxiliaries Chemicals market is divided into pretreatment agents, finishing agents, printing and dyeing agents, knitting and weaving auxiliaries and spinning finishing agents. Among them, the printing and dyeing auxiliaries product segment has gained considerable market share in 2020, and it is expected that this trend will be reflected throughout the forecast period. Dyeing auxiliaries are chemicals, mainly used in dyeing and printing processes. These auxiliaries provide the necessary support for fabrics in dyeing and printing operations to achieve the desired characteristics and texture.

Based on application, the global Textile Auxiliaries Chemicals market is divided into apparel, household products, technical and industrial textiles. The apparel application segment accounted for a large share of the global Textile Auxiliaries Chemicals market in 2019 and is expected to develop further throughout the estimated period. Clothing is widely used by a large number of customers all over the world. Main uses include sportswear and personal clothing, including T-shirts, shirts, pants, tops, suit jackets, sportswear, daily clothing and other clothing.

Regional Analysis:

By region, the global Textile Auxiliaries Chemicals market can be divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Due to the surge in demand for Textile Auxiliaries Chemicals in economies such as India and China, the Textile Auxiliaries Chemicals market in the Asia-Pacific region has seen substantial growth. The large consumption of Textile Auxiliaries Chemicals in India and China can be attributed to the snowball production of denim, clothing, personal clothing and household goods in the textile sector of these countries. In 2020, the Asia-Pacific region has gathered a large share of the global Textile Auxiliaries Chemicals market. During the forecast period, it is likely to become the fastest growing regional market in the entire Textile Auxiliaries Chemicals market.

Cagr: 5.2%

Largest group area: Asia Pacific

Which country is the largest among the largest groups of regions: China