Sizing Agents Market to Grow with a CAGR of 4.28% through 2028
Surge in research and development activities is expected
to drive the Global Sizing Agents Market growth in the forecast period,
2024-2028.
According to TechSci Research report, “Sizing
Agents Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Sizing Agents Market stood at USD3.86
billion in 2022 and is anticipated to grow with a CAGR of 4.28% in the forecast
period, 2023-2028. The initiatives taken by government based on sizing agents has
led to favorable market conditions for the Global Sizing Agents Market. Several
factors contribute to the growth of various sizing agents Market products. Governments
globally are increasingly pushing for more sustainable practices across various
industries, including textile and paper manufacturing. These industries heavily
rely on sizing agents, which play a crucial role in improving the performance
and quality of the end products. For instance, there is a growing demand for
sustainable textiles driven by consumer awareness and government initiatives.
The focus is not only on achieving sustainability but also on enhancing the
performance of textiles. This shift in demand has prompted manufacturers to
explore alternative sizing agents that are both eco-friendly and offer improved
functionality. In line with these sustainability efforts, governments are
encouraging the use of natural sizing agents due to their lower environmental
impact compared to synthetic counterparts. Natural sizing agents, derived from
renewable sources, offer a greener and more sustainable solution without
compromising on performance. As a result, the natural sizing agents market is
expected to witness substantial growth as manufacturers and consumers alike
embrace more sustainable practices and prioritize eco-friendly alternatives.
This shift towards natural sizing agents aligns with the broader global
movement towards a greener and more sustainable future.
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Sizing Agents Market.”
Research and
development (R&D) play a vital role in driving the growth of the sizing
agents market. Continuous R&D activities are focused on enhancing the
functionalities and performance of sizing and thickening agents. These efforts
aim to develop innovative products that cater to the evolving needs of
industries such as textiles, paper, food & beverage, and others. Notably,
the textile industry is experiencing an increased demand for high-performance
fabrics, thereby driving the requirement for advanced sizing agents. The Global
Sizing Agents Market is segmented into type, application, regional
distribution, and company. Based on its type,
the synthetic segment held the largest share in the market. Synthetic agents
are playing an increasingly significant role in various applications, including
textile and fiber industries, as well as paper and paperboard production. In
particular, the segment of synthetic sizing agents is expected to witness
significant expansion during the forecast period. This growth can be primarily
attributed to the rising demand for synthetic sizing agents like styrene and
polyvinyl alcohol. These agents are sought after due to their ability to
enhance the durability and aesthetics of paper and technical textiles. As
customers increasingly prioritize the longevity and visual appeal of these
materials, the demand for sizing agents is expected to remain strong throughout
the forecast timeframe. Based on region, Asia Pacific segment is expected to
grow during the forecast period.
The demand in the area is significantly high due to
the presence and continuous development of various end-use applications for the
product. The shifting of manufacturing plants from North America and Europe to
the Asia-Pacific (APAC) region has played a pivotal role in driving the growth
of the sizing agents market during the forecast period. This relocation of
manufacturing facilities has not only brought about cost advantages but has
also facilitated easier access to raw materials and a skilled labor force,
further fueling the market expansion. As a result, the sizing agents market is
expected to witness substantial growth and opportunities in the coming years.
Major companies operating in Global Sizing Agents
Market are:
- BASF SE
- Pulcra Chemicals GmbH
- Kemira OY
- Solenis LLC
- Buckman Laboratories International, Inc.
- Seiko PMC Corporation
- Evonik Corporation
- Avebe UA.
- Harima Chemicals Group, Inc.
- Indokem Ltd.
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“Growing application of sizing agents in various end
user industries are key drivers of the sizing agents market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of sizing agents with every
passing year are anticipated to register an impressive growth to Global Sizing
Agents Market in the forecast period.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Sizing Agents Market By Type (Natural,
Synthetic), By Application (Textile, Paper & Paperboard, Cosmetics, Food
& Beverage, Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Sizing Agents Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Sizing Agents Market.
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