Asia Textile Chemicals Market

Textile Chemicals Market : Asia Industry Analysis and Opportunity Assessment 2014 - 2020

The class of specialty chemicals which involves chemicals and intermediates that are used in various stages of textile processing such as preparation, dyeing, printing and finishing, is termed as textile chemicals. These are often used to enhance or impart desired properties colour to the fabrics during their manufacture. Textile chemicals comprising textile auxiliaries and textile colourants account for nearly 2% of the overall specialty chemicals market.

Asia textile chemicals market is projected to exhibit a CAGR of 7.6% to reach nearly US$ 11,626 Mn by the end of forecast period

Drivers & Trends

Growing concern for ensuring sustainable development is expected to have a major impact on Asia textile chemicals market. There is an ever increasing demand for eco-friendly chemicals which minimize the amounts of water and energy required in various stages of textile processing and are in compliance with regional and international regulations. Moreover, due to fragmented nature of the industry, developing innovative, differentiated product offerings has become need of the hour in order to gain a competitive advantage. Also, growth in demand for functional finishes such as water repellence, anti-bacterial finish, and soil release among others has resulted in a steady growth of textile finishing chemicals that impart these specific finishes to textile and apparels.

Textile Chemicals - Market Taxonomy

Future Market Insights, in its report Asia textile chemicals market analysis and opportunity assessment, 2014?2020, has segmented the market into various key segments considering geography, applications, type of processes and product types as the basis for market segmentation.

Based on geography, the Asia textile chemicals market is analysed for key countries including China, India, Bangladesh, Vietnam, Indonesia and Rest of Asia segments. On the basis of end use applications, the market is segmented into apparels, home furnishings, and others (industrial and technical textiles etc.). Moreover, based on process types, the market is segmented into pre-treatment, dyeing, finishing and others (chemicals involved in printing process etc.) segments. Depending on the type of products, Asia textile chemicals market is segmented into textile auxiliaries segment and textile colourants segment.

Analysis by Product-Type

Asia textile chemicals market has been segmented into two segments depending on the type of product. These product-type based segments are textile auxiliaries and textile colourants. Textile auxiliaries segment comprise those chemicals that are used during various processing stages involved in manufacture of textile and apparels from the fibre, fabric stage. The chemicals that impart colour to textiles and apparels fall under textile colourants segment of Asia textile chemicals market.

The two segments are evenly poised in Asia textile chemicals market with textile auxiliaries segment having a slight edge over textile colourants segment. During the forecast period, the demand for textile auxiliaries is expected to witness a faster growth as compared to that of textile colourants. Moreover, textile auxiliaries segment is expected to retain its majority share in market value terms throughout the forecast period. The forecast CAGRs for these segments are 8.0% and 7.1% respectively.

The textile industry in the Asia has witnessed a steady growth over the years due to emergence of several relatively low cost manufacturing avenues such as Vietnam, Bangladesh, and Indonesia among others. These regions have shown considerable growth in their textile exports to key developed countries especially US and European countries. This growth in textile industry is in turn expected to manifest in growth in demand for textile chemicals. As such Asia textile chemicals market is expected to witness steady growth during the forecast period, 2014?2020.

Growing emphasis on higher quality chemicals that are compliant with prevailing regulations has gained momentum and as such has resulted in an increase in their demand. Moreover, as is mentioned, growth in demand for functional finishes for textiles and apparels has led to an increase in demand for the chemicals imparting these finishes. This in turn is expected to drive the textile auxiliary segment’s growth during the forecast period.

Figure: Asia textile chemicals market size, 2014?2020 (US$ Mn)

This report by Future Market Insights examines the ‘Asia Textile Chemicals Market’ for the period, 2014-2020. The primary objective of the report is to offer updates and invaluable insights on textile chemicals market in Asia. The demand for textile chemicals in Asia is witnessing a considerable growth own account of steady growth of textile industry in the region.

The chemicals and intermediates that are used in various stages of textile processing such as preparation, dyeing, printing and finishing, are termed as Textile chemicals. These chemicals enhance or impart desired properties, colour to the fabric. Textile chemicals are high value chemicals that are used in relatively lower volumes and thus form a part of specialty chemicals. Global textile chemicals market accounts for nearly 2% of the overall specialty chemicals market size.

To understand and assess the opportunities in this market, the report is split under four sections namely: market analysis by material types, applications, process type and regions. The report analyses Asia textile chemicals market in terms of market value (US$ Mn).

The report starts with an overview of the Asia textile chemicals market. In the same section, FMI covers the Asia textile chemicals market performance in terms of revenue. This section also includes FMI’s analyses of key trends, drivers and restraints from supply and demand perspective. Impact analysis of key growth drivers and restraints based on the weighted average model included in the report better equips and arms client with crystal clear decision making insights.

The subsequent section analyses the market for Asia textile chemicals by product types and presents a forecast for the period 2014?2020.

The product types covered in the report are:

  • Textile Auxiliaries

  • Textile Colourants

After having covered the product type based segments in the above section, the report, in its next section focuses on segmenting and analyzing the market on the basis of end use applications.

The applications covered in the report include:

  • Apparels

  • Home furnishings

  • Others

The ultimate manufacture of textiles and apparels involves numerous process such as pretreatment, dyeing, finishing, each of which requires a variety of chemicals.

The various processes covered in the report include:

  • Pre-treatment

  • Dyeing

  • Finishing

  • Others

Considering the prominence of textile industry in various regions of the continent, lastly, the market has been analysed by segmenting it on the basis of different regions/countries.

The various regions covered in the report include:

  • China

  • India

  • Bangladesh

  • Indonesia

  • Vietnam

  • Rest of Asia

The data points such as regional split and market split by applications, product type, processes, regions and qualitative inputs from primary respondents have been incorporated to arrive at apt market estimates. The forecast presented here assesses the total revenue of Asia textile chemicals market. When developing the forecast of the market, the starting point is sizing the current market, which forms the basis for the forecast of how the market is anticipated to take shape in the near future. Given the characteristics of market, we triangulated the outcome based on different analysis based on supply side, demand side and dynamics of textile market. However, quantifying the market across aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the Asia textile chemicals market.

As previously highlighted, the market for textile chemicals in Asia is split into various categories based on region, product type, processes and applications. All these segments or categories have been analysed in terms of basis point share (BPS) to understand individual segments relative contribution to growth. This detailed level of information is important for identification of many key trends in Asia textile chemicals market.

Also, another key feature of this report is the analysis of Asia textile chemicals market by regions, material type and applications and its revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global Asia textile chemicals market.

Furthermore, to understand key growth segments in terms of growth & performance of Asia textile chemicals market, Future Market Insights has developed a market attractiveness index. The resulting index should help providers identify real market opportunities.

The final section of the Asia textile chemicals market report provides detailed profiles of the key industry players in order to evaluate their long-term and short-term strategies, key offerings and recent developments in the textile chemicals area.

Few of the market players featured in the section include:

  • Huntsman Corporation

  • Archroma

  • DyStar Group