An Incisive, In-depth Analysis on the Textile Auxiliaries Market
This study offers a comprehensive, 360 degree analysis on the Textile Auxiliaries market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Textile Auxiliaries market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The global market for textile auxiliaries is estimated to be valued at nearly US$ 7,770 Mn in the year 2017. By 2026, the market is expected to be valued at nearly US$ 12,400 Mn, registering a CAGR of 5.2% in terms of value over the forecast period. The global textile auxiliaries market is expected to witness an absolute dollar opportunity of nearly US$ 4,400 Mn between 2016 and 2026.
Increasing applications of textile auxiliaries in the construction sector is a good sign for this market
Technical textiles impart strength as well as resistance and protection from various pollutants and environmental factors. Growing infrastructural development as well as rapid urbanisation, especially in BRIC countries is driving demand for Buildtex – a technical textile that is more durable and effective as compared to conventional textile materials. It is majorly used in construction and architectural applications such as faced foundation, insulation (majorly in Russia) and concrete reinforcement. The growing use of technical textiles is set to boost the market for textile auxiliaries during the assessment period.
Increased government and per capita spending on healthcare is set to boost the market for textile auxiliaries
Meditech textiles consists of textiles that are used in hygiene, health as well as in surgical applications. The global textile auxiliaries market is expected to witness increasing contribution in value as well as volume share by the Meditech segment over the forecast period. This is primarily due to rising government and per capita spending on healthcare worldwide. Growing awareness about health and hygiene in emerging economies is fuelling demand for healthcare products such as baby diapers and sanitary napkins that use technical textiles.
Growing focus on innovation and R&D provides a fillip to the textile auxiliaries market
The major textile auxiliaries companies have set up their research and development facilities in regions including Asia Pacific, North America, and Western Europe. The emphasis is on developing chemicals that are eco-friendly, energy efficient and at the same time are cost effective. Moreover, efforts are focussed on developing multi-functional chemicals. This is set to increase the market for textile auxiliaries during the forecast period.
High pricing of finished products may hamper the revenue growth of textile auxiliaries
Natural textile auxiliaries are relatively expensive as compared to synthetic substitutes. This is due to high costs associated with raw materials and operational costs and limited availability of natural textile auxiliaries. For instance, processes used in the extraction and manufacturing of natural textile auxiliaries are more capital intensive as compared to those used in synthetic textiles. Moreover, natural textile auxiliaries manufacturing needs technically trained workers to oversee the processes. These factors may hamper the growth of textile auxiliaries during the forecast period.
Increasing growth of the textile chemicals market in APEJ is a promising trend
Asia has emerged as the hub for the global textile industry. The promising growth of the textile industry in turn drives the demand for textile chemicals, which form the most vital part of the textile manufacturing process imparting a variety of functional, aesthetic properties to the textiles besides their use as processing chemicals. Increasing demand for textile auxiliaries is directly impacting the growth of the textile auxiliaries market. The textile chemicals market in Asia Pacific is set to witness robust growth during the forecast period. China and India are expected to spearhead the growth in demand for textile auxiliaries in the region.
Global Textile Auxiliaries Market Attractiveness Analysis by End Use
The apparel segment is anticipated to register a significantly high CAGR during the forecast period. The apparel segment accounted for a significant market value share of 50% in 2016. This segment is expected to dominate the global textile auxiliaries market over the forecast period. In terms of volume consumption, the digital printing segment is expected register a CAGR of 3.2% over the forecast period.
Toxic waste production and stringent environmental regulations may inhibit the growth of the textile auxiliaries market
Man-made fibres such as polyester and synthetic materials are some of the major applications for textile auxiliaries. These are not easily bio-degradable and contain toxic substances. Also, significant material waste is produced during various stages of manufacture such as cutting and trimming. These pose a serious threat to environmental sustainability. Various governments across the world have imposed environmental regulations and set up stringent quality standards for technical textile products. These regulations may hinder market growth of textile auxiliaries during the forecast period.
About the Report
Future Market Insights presents an all-encompassing report on the global textile auxiliaries market titled ‘Textile Auxiliaries Market: Global Industry Analysis and Opportunity Assessment, 2016-2026’. The report starts with an executive summary that gives a thorough overview of the textile auxiliaries market with market numbers of the overall market as well as for various segments of this market, along with the CAGR for the assessment period 2016-2026. In addition, prominent drivers, restraints and trends operating in the global textile auxiliaries market are also listed, which are dealt in detail in an exclusive section of this report. Also, a list of prominent market players operating in the textile auxiliaries market are also listed. In addition, there is important information in the executive summary in the form of global textile auxiliaries market analysis for the year 2016, which lists the value of the end-use segment, top three regions having the highest market share, and market share in percentage by product type. In the executive summary, there is also a section devoted to the region wise textile auxiliaries market outlook for the year 2016 that presents the market numbers both in value (US$ Mn) and volume (‘000 Tons).
At the end of the executive summary, there is a concise yet informative Future Market Insights analysis of the overall market approach of the prominent players operating in the global textile auxiliaries market and target product type and region that are most lucrative. In addition, the end-use segments having the most lucrative growth potential are also listed at the end of the executive summary. After the executive summary, global textile auxiliaries market introduction is given, which covers the market definitions of all the components of the textile auxiliaries market along with market definitions by product type and end use. These definitions present a clear understanding of the market and the various segments.
By Product Type
By End Use
A section of the report is devoted to the parent market overview of the global textile auxiliaries market. After this, the global textile auxiliaries market scenario forecast is given, which depicts the conservative scenario, the likely scenario and the optimistic scenario of the market growth during the forecast period. Also brief explanations for each of the scenarios is given and the most likely scenario forecast is selected for further market analysis and projections. Thereafter, the global textile auxiliaries market pricing analysis is presented in the report giving region-wise pricing analysis as well as pricing analysis by product type. After this, global textile auxiliaries market value (US$ Mn) and volume (Tons) forecast is presented. Also, the value chain of the global textile auxiliaries market is given in detail that depicts the profit margin range of raw material suppliers, manufacturers and end users.
There is a detailed coverage of the market dynamics of the global textile auxiliaries market. These market dynamics are in the form of drivers and restraints that explain what factors are likely to boost the textile auxiliaries market and what factors are likely to hamper the growth of this market. Also, textile auxiliaries market drivers impact analysis by product, by end use and by region is given. In addition, market forces affecting the global textile auxiliaries market are explained and the Future Market Insights perspective is given on these factors along with the assumptions and impact. Subsequent sections of the report depict the global textile auxiliaries market by product type, by end use and by region. These sections of the report give important information like the Basis Point Share analysis, year-on-year growth projections, absolute dollar opportunity and market attractiveness index analysis.
Last but not the least, there is an entire section of the report devoted to the competition landscape of the global textile auxiliaries market. This competition landscape gives a dashboard view of the key companies operating in the global textile auxiliaries market along with their important information and broad strategy adopted to stay as leaders in the global textile auxiliaries market. Each of the leading companies is also profiled individually and important information about the company such as company details, company description, product portfolio along with key developments concerning the company and strategic analysis is presented. A SWOT analysis of each leading market player is also presented which gives detailed information about the strengths, weakness, opportunities and threats that the company is dealing with. This competition landscape is the most important section of the report as it imparts a deep understanding of the leading companies operating in the global textile auxiliaries market and is valuable for new entrants in the field to get a learning about how the companies are leading this lucrative market and also for established market players to get a better understanding about their competitors.
Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the textile auxiliaries market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the assessment period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global textile auxiliaries market.