Textile Chemicals Market Segmentation:
By Application (Agrotech, Buildtech, Geotech, Medtech, Miltech, Packtech, Protech, Transtech), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), End-use Landscape, Vendor Landscape, and Competitor Analysis
Market Insights:
Global technical textile chemicals market recorded for a significant market share in 2016. Rising demand for technical textiles especially from automotive industry is likely to drive the market.
The rising expenditures on construction especially in developing regions have a positive impact on the market growth. Emerging economies are growing at a much faster rate leading to increased application of geotextiles in construction of national highways.
Protech textile chemicals are anticipated to witness growth in the coming years. Growing environmental rules and administrations may emerge as a major concern for the overall market in the coming years.
Introduction of bio-based alternatives is expected to have a negative impact on the market growth. The increasing cost of finished textiles is also likely to pose a challenge for the other participants.
Leading players have invested on R&D to accomplish sustainability and gain competitive advantage. Increasing application of technical textiles in different fields is expected to create lucrative opportunity for the market over the years.
The industry is anticipated to grow by increased usage of new technologies and advanced applications. Various advanced technologies include smart or interactive, new fibers & yarns, innovative and creative application.
Application Insights:
Transtech proved to be the largest technical textile chemicals application market and recorded for a significant market share in 2016. It is anticipated to lose some of the share in forecast period due to the presence of cost efficient alternatives.
Geotech technical textiles is projected to witness significant growth over the coming years. Flexibility of use is expected to have a direct impact on the textile chemicals. Agro textiles are the application of textile materials in sectors such as agriculture, forestry, horticulture, floriculture. This sector is also likely to witness a significant growth over few years.
Buildtech includes textile applications in membrane, lightweight & solid construction and road building. Its products are used as weather-resistant facade membranes and are durable.
Other technical textile chemicals include medtech, miltech, packtech, protech and others. Development of different end-use markets such as healthcare, military textiles and food & beverages and industrial protective clothing market is likely to boost the market over the forecast period.
Regional Insights:
Asia Pacific dominated the technical textile chemicals market and recorded for a significant share in 2016. The factors such as high standard of living coupled with infrastructure growth in developing countries such as China, India and other South East Asian countries is likely to have positive impact on the regional market.
North America and Europe are anticipated to witness rapid growth over the next few years. The development of transtech in the U.S. is likely to be advantageous for the region. Expanded use of geotech application in the regional markets is projected to boost the global technical textile chemicals market in the coming years.
End Use Insights:
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from Technical textile chemical Markets. The major consumers of the product are KY Agrotech Pvt. Ltd., Dunlee Healthcare, and Eurocolumus.
Competitor Analysis:
Key market players are developing new textiles with advanced functions that include high-performance and protection materials. The market is highly fragmented and the leading player holds higher authority in the market and rules the market. Hence, making it difficult for new entrants to secure a place in the market.
Some of the leading manufacturers include the DyStar Group, Lonsen, The Lubrizol Corporation, The Dow Chemicals Company, Kiri Industries, Sumitomo Chemicals, Huntsman Corporation, BASF SE, Archroma, Omnava Solutions Incorporated, Clariant International, Solvay SA, Bayer Material Science AG, and Kemira.
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