|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD3.86
billion
|
|
CAGR
(2023-2028)
|
4.28%
|
|
Fastest
Growing Segment
|
Natural
|
|
Largest
Market
|
Asia
Pacific
|
Market Overview
Global
Sizing Agents Market has valued at USD3.86 billion in 2022 and is anticipated
to project robust growth in the forecast period with a CAGR of 4.28% through
2028. Sizing agents, also known as colorants, are vibrant substances that play
a crucial role in enhancing the water-resistant properties of paper. Their
primary function is to prevent ink or dyes from permeating the paper fibers and
causing smudging or blurring upon contact with water. By applying sizing
agents, the paper's surface is fortified, creating a protective barrier against
water and ink. This not only preserves the integrity of the paper but also
ensures optimal printability by enhancing the smoothness of the paper surface. Once
applied to fabrics or papers, sizing agents act as a defensive shield,
repelling water and preventing its absorption. As a result, inks or pigments
remain on the surface of the paper or plastic, allowing for high clarity and
vibrant illustrations. These agents find application in various industries such
as paper manufacturing, textiles, cosmetics, and more. Their desirable
characteristics include water resistance and improved liquid penetration
control, making them indispensable in these sectors. In the ever-evolving
Sizing Agents Market, customization has become a prominent trend. Rather than
applying a one-size-fits-all approach, companies are focusing on tailoring
products to specific operational requirements. This approach involves
incorporating digitally connected processes to enhance functional efficiency,
diversifying energy sources, and optimizing cost operations. By adopting these
strategies, businesses can unlock new opportunities in the Sizing Agents
Market. However, it is essential to acknowledge the challenges posed by uneven
market conditions and geographical variations. The recovery of the Sizing
Agents Market varies across different end markets and regions, requiring a
comprehensive understanding and assessment of the market landscape. Furthermore,
the recent surge in demand for chemicals and supplies to combat the COVID-19
pandemic has led to supply chain disruptions in the Sizing Agents Market.
Despite the high prices, there is a shortage of raw materials for other
products, impacting the overall market dynamics. Companies that have swiftly
increased production capacities to meet the short-term demand resulting from
the pandemic should exercise caution in analyzing these unpredictable demand
patterns. Post-pandemic transformations in social, economic, trade, and
political conditions, along with anticipated environmental regulations, will
shape the future trajectory of the Sizing Agents Market.
Key Market Drivers
Growing Demand of Sizing
Agents from Textile Industry
Sizing
agents are specialized substances that are carefully applied to fibers in the
textile manufacturing process. These agents play a crucial role in imparting
desired qualities to the fibers, making them more amenable to weaving. By
providing resistance to abrasion, reducing hairiness, and increasing strength,
sizing agents ensure that the resulting textile products meet the highest
standards of quality and durability.
The
textile industry is currently witnessing a remarkable surge in growth, fueled
by the ever-increasing consumer demand for fashion and Moreover home textiles.
Moreover, the proliferation of technical textiles in sectors such as
healthcare, construction, and automotive has further contributed to this
growth. As the industry expands, there is a parallel rise in the demand for
sizing agents, which are essential components in enhancing the performance and
longevity of textile products across a wide range of applications.
Furthermore,
the ever-evolving fashion trends and the growing emphasis on high-quality
fabrics have significantly heightened the need for effective sizing agents in
the textile industry. These agents ensure that fabrics retain their desired
characteristics, such as smoothness, colorfastness, and dimensional stability,
even after repeated use and laundering.
In
conclusion, the escalating demand for sizing agents from the textile industry
serves as a significant driver for the global sizing agents market. As this
trend persists, it is anticipated to foster further growth and evolution in the
market, as manufacturers continually innovate to meet the evolving needs and
preferences of the industry and its consumers.
Growing Demand of Sizing
Agents from Food & Beverage Industry
Sizing
agents are that substances that are frequently utilized in the modification of
surface properties of various materials, thereby making them more suitable for
specific applications. In the dynamic and ever-evolving food & beverage
industry, sizing agents play a pivotal role in enhancing not only the texture,
consistency, and appearance but also the overall sensory experience of a wide
range of products.
The
remarkable growth of the food & beverage industry can be attributed to a
multitude of factors, including evolving consumer preferences, an expanding
global population, and an increasing emphasis on food safety and quality
standards. This exponential growth has created a surge in demand for sizing
agents, which are indispensable in maintaining the desired quality, stability,
and extended shelf-life of food & beverage products.
For
instance, in the production of sauces, dressings, and bakery products, sizing
agents are used to considerably improve not only the viscosity, texture, and
stability but also the mouthfeel and overall palatability. Furthermore, they
play a vital role in the production of beverages such as beer and wine, where
they are utilized to enhance clarity, prevent sedimentation, and contribute to
an enhanced sensory experience for consumers.
In
conclusion, the escalating demand for sizing agents from the thriving food
& beverage industry serves as a significant driver for the continuous
growth and evolution of the global sizing agents market. As this trend
persists, it is anticipated to further contribute to the expansion and
diversification of the market, catering to the ever-changing needs and
preferences of consumers worldwide.
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Key Market Challenges
Volatility in Price of Raw
Materials
The
volatility in raw material prices significantly impacts the cost of producing
sizing agents. For instance, cellulose, a key raw material used in the
production of carboxymethyl cellulose (CMC), a commonly used sizing agent, can
experience significant fluctuations in price. These fluctuations can pose
challenges for the market, as they directly influence the cost of CMC
production. Similarly, the emulsion sizing agent market also faces challenges
due to the volatility in raw material prices.
There
are several factors that contribute to the volatility in raw material prices.
Supply disruptions, such as natural disasters or production issues, can lead to
sudden price spikes or shortages. Additionally, pent-up demand or significant
peaks and troughs in commodity prices can further exacerbate price volatility.
Moreover, geopolitical tensions, environmental regulations, and changes in
trade policies can introduce uncertainties and fluctuations in the price of raw
materials.
By
understanding and navigating these complexities, companies in the sizing agent
market can better anticipate and adapt to the challenges posed by price
volatility, ensuring a more stable and sustainable supply chain.
Key Market Trends
Evolution in Paper Industry
Sizing
agents, also known as paper additives, play a critical role in the paper
manufacturing process. They are chemical substances that are used to control
the water-absorbing quality of the paper, ensuring it has the desired level of
resistance to water. This not only improves the printability and writability of
the paper but also enhances its durability and longevity, making it suitable
for a wide range of applications.
Over
the years, the paper industry has experienced significant changes driven by
environmental concerns and the growing need for sustainable practices. As a
result, there is a rising demand for eco-friendly paper products that have a
reduced environmental impact. This shift in consumer preferences has led to the
adoption of sustainable sizing agents in the paper manufacturing process.
The
evolution in the paper industry towards sustainability has been a driving force
behind the increasing use of environmentally friendly sizing agents.
Manufacturers are now focusing on the development of bio-based sizing agents
that not only meet the functional requirements of the paper but also align with
their sustainability goals. These bio-based sizing agents are derived from
renewable sources such as plant fibers, making them a more sustainable
alternative to traditional sizing agents.
Furthermore,
advancements in technology have played a significant role in the development of
more efficient and effective sizing agents. New manufacturing processes and
innovative formulations have improved the performance of sizing agents, leading
to enhanced paper quality and increased production efficiency. This has further
fueled the growth of the global sizing agents market, as manufacturers strive
to meet the evolving needs of the paper industry.
In
conclusion, the evolution in the paper industry, characterized by a shift
towards sustainability and technological advancements, is a key trend in the
global sizing agents market. As the paper industry continues to evolve, driven
by environmental concerns and consumer demand for eco-friendly products, it is
expected to shape the dynamics of the sizing agents market in the coming years.
Manufacturers will continue to innovate and develop new sizing agents that not
only meet the functional requirements of the paper but also contribute to a
more sustainable and environmentally friendly paper industry.
Segmental Insights
Type Insights
Based
on the category of type, the natural segment emerged as the dominant player in
the global market for sizing agents in 2022. The high demand for natural sizing
agents is attributed to their superior environment-friendly properties. These
sizing agents, derived from renewable sources such as plants, are finding
widespread use in various industries including textiles, paper, and cosmetics.
Their eco-friendly nature and sustainable production methods make them highly
desirable for companies aiming to reduce their environmental impact.
In
the textile industry, natural sizing agents offer numerous benefits. For
example, corn starch, as reported in a May 2020 journal by Multidisciplinary
Digital Publishing Institute, has been successfully used as a sizing agent in
cotton yarn. This implementation has shown to improve the physical and
mechanical properties of the yarn. Such findings highlight the potential of
natural sizing agents to enhance the quality and performance of textile
products.
Moreover,
the research and development efforts by market players and research
organizations are focused on exploring the broader applications of these sizing
agents. As a result, synthetic sizing agents such as maleic anhydride, modified
polyesters, and carboxylic group sizing agents are also expected to witness
significant demand in the forecast period.
Overall,
the increasing adoption of natural sizing agents and the ongoing exploration of
their properties and applications will contribute to their growing demand, both
in traditional industries and emerging sectors.
Application Insights
The
textile segment is projected to experience rapid growth during the forecast period.
Sizing agents play a crucial role in the textile industry, providing essential
protection to various yarns and preventing breakage during the weaving process.
This not only enhances efficiency but also reduces machinery downtime. With the
global demand for textiles on the rise, the need for sizing agents is expected
to increase significantly. For example, according to a report by The Cotton
Textiles Export Promotion Council (TEXPROCIL) in February 2021, the Ministry of
Industry and Commerce in Paraguay announced plans to invest $1.1 million in the
manufacturing sector, particularly benefiting industries such as textiles,
clothing, and footwear. This investment is aimed at improving assembly
operations and boosting the overall growth of the sector.
Similarly,
as stated in the November 2021 US Export Markets report by trade.gov, Spain and
Germany experienced substantial textile and apparel imports in September 2021,
amounting to US$ 255,582 thousand dollars and US$ 45,471 thousand dollars
respectively. These figures represent a significant increase from the previous
year's imports of US$ 235,650 thousand dollars and US$ 3,827 thousand dollars
for the same month. The continuous growth in textile production and export on a
global scale is expected to drive the demand for sizing agents in the forecast
period, as these agents are essential for maintaining the quality and integrity
of textiles.
In
addition to the textile industry, the paper industry is also anticipated to
witness a significant demand for sizing agents in the forecast period. As the
demand for various paper products continues to grow, sizing agents will play a
vital role in improving the strength and durability of paper, ensuring optimal
performance in various applications.
Overall,
the increasing global production and export of textiles, coupled with the
expanding paper industry, are projected to drive the growth of the sizing
agents market in the foreseeable future.
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Regional Insights
Asia Pacific emerged as the dominant
player in the Global Sizing Agents Market in 2022, holding the largest market
share in terms of value. The high demand for sizing agents in the region can be
attributed to the rapid expansion of the textile industry. Countries like
China, India, and Japan have emerged as leaders in the global textile market,
with significant growth and development occurring in their respective textile
sectors. For instance, according to a report by the India Brand Equity
Foundation in April 2021, the Indian technical textiles market is projected to
reach a value of US$ 23.3 billion by 2027. To further promote the technical
textiles segment, the Indian government has implemented major initiatives and
reforms.
Similarly, as stated in a September 2020
report by fashionabc.org, China accounted for a record-breaking 39.2% of global
textile exports in 2019. This remarkable growth in the region's textile
industry is expected to fuel the demand for sizing agents in the forecast
period.
Moreover, the European region is also
anticipated to witness a significant surge in demand for sizing agents. The
region's textile industry, known for its quality and craftsmanship, is poised
for further expansion, creating opportunities for the sizing agents market.
Overall, the expanding textile industry
in countries like China, India, and Japan, along with the potential growth in
the European region, will undoubtedly contribute to the increasing demand for
sizing agents in the forecast period.
Recent Developments
- In
2023, Henkel and Dow, two leading companies in the industry, announced an
exciting collaboration aimed at developing innovative sizing agents
specifically tailored for the textile industry. The objective of this
collaboration is to create cutting-edge sizing agents that not only enhance the
performance of textile products but also prioritize sustainability. By
combining their expertise and resources, Henkel and Dow are committed to
revolutionizing the textile industry and paving the way for more environmentally-friendly
and high-performing textile products.
Key Market Players
- 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.
|
By Type
|
By
Application
|
By
Region
|
|
|
- Textile
- Paper & Paperboard
- Cosmetics
- Food & Beverage
- Others
|
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
|
Report Scope:
In this report, the Global Sizing Agents Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Sizing Agents Market, By Type:
o Natural
o Synthetic
- Sizing Agents Market, By Application:
o Textile
o Paper & Paperboard
o Cosmetics
o Food & Beverage
o Others
- Sizing Agents Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
§ Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global
Sizing Agents Market.
Available Customizations:
Global Sizing Agents Market report with the given
market data, Tech Sci Research offers customizations according to a company's
specific needs. The following customization options are available for the
report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Global Sizing Agents Market is an upcoming report
to be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]