Technical Textile Chemicals Market to Reach $5.7 Bn by 2021
Rising demand from various end user segments
and increasing awareness levels about the benefits of technical textiles to
drive global technical textile chemicals market through 2021
According to TechSci Research
report “Global
Technical Textile Chemicals Market By Type, By Application, Competition Forecast and Opportunities, 2011 - 2021”, the technical textile chemicals
market is expected to surpass $
5.7 billion by the end of 2016. Growing demand from various end use segments such as construction,
building, automobile, agriculture and packaging is expected to boost
consumption of technical textile chemicals in the coming years. Volume
share of man-made fibers in global fiber
consumption rose from 58.75% in 2011 to 62.52% in 2015. With increasing demand
for man-made fibres across the globe, consumption of technical textile chemicals
has also been growing over the last five years.
Browse 22 market data Tables and 76 Figures
spread through 180 Pages and an in-depth TOC on " Global
Technical Textile Chemicals Market "
https://www.techsciresearch.com/report/global-technical-textile-chemicals-market-by-type-auxiliaries-and-colorants-by-application-packtech-buildtech-medtech-mobitech-agrotech-and-others-competition-forecast-and-opportunities-2011-2021/756.html
Anticipated
growth in transportation, healthcare, manufacturing and construction sectors is
set to boost demand for technical textile chemicals during 2016 - 2021,
especially in developing economies. Technical textile auxiliaries dominate global technical textile chemicals
market, as these chemicals are used in larger quantities to manufacture
technical textiles as compared to colorants. With growing sales of
passenger cars and commercial vehicles, Mobiltech is one of the application segments
generating increasing demand for technical textile chemicals. Nevertheless,
Packtech segment is expected to continue its dominance as the largest
application area through 2021.
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“Improving
manufacturing scenario and expanding transportation base across major economies
in Asia and Americas, has created vast opportunities for technical textile
chemical manufacturers over the last decade. Rising FDI investments, expanding product
portfolios and increasing government support are few of the major factors
driving market growth. In addition, rising awareness about use of eco-friendly products,
growing vehicle sales and increasing urbanization are few other major factors augmenting
demand for technical textiles, and hence, technical textile chemicals as well.’’
said Mr. Karan Chechi, Research Director, with TechSci Research, a research
based global management consulting firm.
“Global Technical Textile Chemicals Market By Type, By
Application, Competition Forecast and Opportunities, 2011 - 2021” has analyzed the global technical textile chemicals market, and provides
statistics and information on market sizes, consumer behavior and trends. The
report will suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyzes the emerging trends along with essential
drivers and key challenges faced by the industry.
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