The Global Technical Textile Chemicals Market is
expected to reach USD 4.96 billion by 2020, according to a new study by Grand
View Research, Inc. Increasing penetration of technical textiles across various
end-use industries such as medical, military and transportation is expected to
drive the global technical textile chemicals market. Positive outlook on global
automotive industry is also expected to have a positive influence on the market
growth over the next six years. Increasing industrial growth rate in emerging
markets of China, India, Brazil and Russia is further expected to complement
the market growth. Volatile prices of key raw materials coupled with growing
environmental concerns are expected to remain a key challenge for market
participants.
Transtech emerged as the largest application
segment and accounted for 25.1% of total market volume in 2013. Growth of
automotive industry particularly in BRIC nations coupled with resurgence of
American automotive industry is expected to drive the market. Geotech is
expected to witness the highest growth rate of 6.4% from 2014 to 2020. Growth
of geotextiles market particularly in Asia Pacific and Middle East is expected
to remain a key driving factor for this segment.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/technical-textile-chemicals-market
Further
key findings from the study suggest:
- Global technical textile chemicals demand was 1,646.6 kilo tons in 2013 and is expected to reach 2,124.5 kilo tons by 2020, growing at an estimated CAGR of 3.7% from 2014 to 2020.
- Asia Pacific emerged as the leading regional market for technical textile chemicals and accounted for over 55% of total market volume in 2013. Increasing infrastructure spending coupled with growth of automotive industry particularly in emerging markets of China, India, Thailand and Indonesia is expected to drive the regional market. Asia Pacific is also expected to witness the highest growth rate over the forecast period. The region is expected to grow at an estimated CAGR of 4.1% from 2014 to 2020.
- European technical textile chemicals market is expected to exceed a market worth USD 750 million by 2020, growing at a CAGR of 3.7% from 2014 to 2020
- Global technical textile chemicals market dominated by top multinational corporations which have presence across the value chain. Leading companies have been focusing on building new improved high performance products using advanced technologies such as biotechnology, ink-jet printing process and nanotechnology. Major market participants include Lonsen, DyStar Group, The Lubrizol Corporation, Kiri Industries, The Dow Chemicals Company, Sumitomo Chemicals, BASF SE, Huntsman Corporation, Bayer Material Science AG, Archroma, Clariant International, Omnava Solutions Incorporated, Solvay SA, and Kemira.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
For the purpose of this study, Grand View Research
has segmented the technical textile chemicals market on the basis of
application and region:
Global Technical
Textile Chemicals Application Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2020)
• Agrotech
•
Buildtech
• Geotech
• Medtech
• Miltech
• Packtech
• Protech
•
Transtech
• Others
Global Technical
Textile Chemicals Regional Outlook (Volume Kilo Tons; Revenue, USD Million,
2012 - 2020)
• Americas
•
U.S.
•
Canada
•
Mexico
•
Central & South America
• Europe
• Asia
Pacific
• Middle
East & Africa
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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