Textile Chemicals Market is Estimated to Witness High Growth Owing...

Textile Chemicals Market is Estimated to Witness High Growth Owing to Automation in Manufacturing

Veröffentlicht 2024-07-29 14:20:36

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The global textile chemicals market is a highly diversified industry comprising wide range of products such as coating & sizing agents, colorants & auxiliaries, finishing agents, surfactants, desizing agents and others. Textile chemicals are predominantly used in the textile manufacturing process to impart desired functions and performance to the fabrics.

The global textile chemicals market size is expected to reach US$ 41.40 Bn by 2031, from US$ 31.32 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.8% during the forecast period.

Textile chemicals play a crucial role in determining properties such as wrinkle resistance, shrinkage control, water resistance and fabric handle. Textile chemicals like dyes and pigments add aesthetic appeal whereas processing chemicals enhance performance capabilities of fabrics such as easy care, durable press and stain resistance. Growth in technical textiles and demand for sophisticated textiles from end use industries are major drivers for the market.

Key Takeaways
Key players operating in the textile chemicals are Cisco System Inc., Schneider Electric, Wipro Consumer Lighting, Avnet Inc., Crestron Electronic Inc., Honeywell International Inc., Inventronics Inc., Philips Lighting Holding B.V.(Signify Holding), Legrand, Jaquar India. These key players are focusing on developing bio-based and environment friendly textile chemicals to cater to the rising demand for sustainability.

The Textile Chemicals Market Demand provides opportunities for innovative chemicals that can enable multi-functional and intelligent textiles. Nanotechnology based finishings and polymer chemistry leads to development of smart textiles. Growth in technical textiles and urbanization in developing countries will drive new opportunities.

Automation in textile manufacturing through adoption of IoT solutions help achieve cost and time efficiency. Process automation helps reduce manual errors and improves quality. Data analytics enables real time process monitoring and control. RFID systems track materials throughout the production cycle.

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