Technical Textile Chemicals Market to Reach $5.7 Bn by 2021: TechSci Research Study

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.

New York, NY, September 17, 2016 --( 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"

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.

“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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