The global technical textile chemicals market is expected to reach USD 4.96 billion by 2020,
according to a new study by Grand View Research, Inc. Increasing penetration of
technical textiles across various end-use industries such as medical, military
and transportation is expected to drive the global technical textile chemicals
market. Positive outlook on global automotive industry is also expected to have
a positive influence on the market growth over the next six years. Increasing
industrial growth rate in emerging markets of China, India, Brazil and Russia
is further expected to complement the market growth. Volatile prices of key raw
materials coupled with growing environmental concerns are expected to remain a
key challenge for market participants.
Transtech emerged as the largest
application segment and accounted for 25.1% of total market volume in 2013.
Growth of automotive industry particularly in BRIC nations coupled with
resurgence of American automotive industry is expected to drive the market.
Geotech is expected to witness the highest growth rate of 6.4% from 2014 to
2020. Growth of geotextiles market particularly in Asia Pacific and Middle East
is expected to remain a key driving factor for this segment.
To request a sample copy
or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/technical-textile-chemicals-market
http://www.grandviewresearch.com/industry-analysis/technical-textile-chemicals-market
Further key findings from the study suggest:
· Global technical textile chemicals demand
was 1,646.6 kilo tons in 2013 and is expected to reach 2,124.5 kilo tons by
2020, growing at an estimated CAGR of 3.7% from 2014 to 2020.
· Asia Pacific emerged as the leading
regional market for technical textile chemicals and accounted for over 55% of
total market volume in 2013. Increasing infrastructure spending coupled with
growth of automotive industry particularly in emerging markets of China, India,
Thailand and Indonesia is expected to drive the regional market. Asia Pacific
is also expected to witness the highest growth rate over the forecast period.
The region is expected to grow at an estimated CAGR of 4.1% from 2014 to 2020.
· European technical textile chemicals market
is expected to exceed a market worth USD 750 million by 2020, growing at a CAGR
of 3.7% from 2014 to 2020
· Global technical textile chemicals market
dominated by top multinational corporations which have presence across the
value chain. Leading companies have been focusing on building new improved high
performance products using advanced technologies such as biotechnology, ink-jet
printing process and nanotechnology. Major market participants include Lonsen,
DyStar Group, The Lubrizol Corporation, Kiri Industries, The Dow Chemicals
Company, Sumitomo Chemicals, BASF SE, Huntsman Corporation, Bayer Material
Science AG, Archroma, Clariant International, Omnava Solutions Incorporated,
Solvay SA, and Kemira.
Grand View Research has segmented the
technical textile chemicals market on the basis of application and region:
Global Technical Textile Chemicals
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
·
Agrotech
·
Buildtech
·
Geotech
·
Medtech
·
Miltech
·
Packtech
·
Protech
·
Transtech
·
Others
Global Technical Textile Chemicals Regional
Outlook (Volume Kilo Tons; Revenue, USD Million, 2012 - 2020)
·
Americas
·
Europe
·
Asia Pacific
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
No comments:
Post a Comment