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The global textile chemicals market size is projected to reach USD 26.40 billion by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of the growth of the market. According to a report published by Fortune Business Insights, titled “Textile Chemicals Market Size, Share & COVID-19 Impact Analysis, By Product Type (Coating & Sizing Chemicals, Colorant & Auxiliaries, Finishing Agents, Surfactants, De-sizing Agents and Others), By Application (Apparel, Home Furnishing and Technical Textiles) and Regional Forecast, 2020-2027,” the market was worth USD 20.85 billion in 2019 and will exhibit a CAGR of 3.2% during the forecast period, 2020-2027.

The recent coronavirus outbreak has created a sense of panic across the world. This has led to a shutdown in major businesses across the world. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Browse Complete Report Summary:

https://www.fortunebusinessins....ights.com/textile-ch

Textile chemicals are products that are used in the treatment of textile material at various stages in the manufacturing process. The product plays an important role in obtaining favorable textile properties. The rising applications of textile chemicals across diverse industry verticals will emerge in favor of the growth of the overall market in the forthcoming years. The massive investments in the development of efficient textile chemicals by major companies across the world will contribute to the growth of the market. Accounting to the rising awareness regarding the use of harmful chemicals and their adverse effects on the quality and durability of textiles, there is an increasing demand for green textile chemicals across the world. The increasing R&D activities will play a crucial role in the development of green textile chemicals in the coming years.

Cost-reduction Needs have put Innovations to the Fore

The report encompasses several factors that have contributed to the growth of the overall textile chemicals market in recent years. Among all factors, the increasing number of product innovations driven by rising need for low-cost products will have a huge impact on the growth of the market. Several companies are focusing on manufacturing methods with the view to minimizing the total product cost. In October 2019, Huntsman Corporation, a leading textile chemical manufacturer, announced that it has launched a new dyeing auxiliary that will save the total cost of polyester dyeing. The company introduced ‘Eriopon E-3 SAVE’ dyeing; a product with the ability to shorten the dyeing cycle of the polyester. The product will combine pre-sourcing, reduction, and dyeing in a single bath. This will significantly reduce the time as well as the cost associated with the product. Huntsman’s latest product is not the only progress that the company has made and recent activities will help the company gain a formidable stand in the market.

Asia Pacific Likely to Emerge Dominant; Presence of Major Textile Manufacturers will Bode well for Market Growth

The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. Asia Pacific is the hub for leading textile manufacturers. The region is home to companies such as DIC Corporation, Sarex Chemicals, and Kiri Industries. The favorable climatic conditions have led to an ease of availability of raw materials in several countries across this region. As of 2019, the market in Asia Pacific was worth 1.55 billion and this value is projected to increase at a considerable pace in the coming years.

The market in North America will rise considerably driven by the rise of the textile industry in this region. The country is constantly engaging in developing efficient textile apparels for use in the defense sector as well as the healthcare industry.

List of companies profiled in the report:

Archroma (Switzerland)
Huntsman Corporation (USA)
DIC Corporation (Japan)
Kiri Industries Ltd. (India)
Covestro AG (Germany)
Omnova Solutions Inc. (USA)
Lubrizol Corporation (USA)
Solvay S.A. (Belgium)
Evonik Industries (Germany)
Tanatext Chemicals (Netherlands)
Rudolf GmbH (Germany)
NICCA Chemical Co. Ltd. (Japan)
Kemin Industries Inc. (USA)
JINTEX Ltd. (Taiwan)
Sarex Chemicals (India)
Industry Developments:

March 2020: Huntsman Corporation announced the launch of a new high performance polyester dye. The company introduced ‘Terasil Blue W Dye,’ for polyester sport and athleisure wear.

Textile Chemicals Market Size, Share, Growth | Global Report, 2027

www.fortunebusinessinsights.com

Textile Chemicals Market Size, Share, Growth | Global Report, 2027

The global textile chemicals market size is projected to reach USD 26.40 billion by 2027, exhibiting a CAGR of 3.2% during the forecast period [2020-2027]

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The global ceramic sanitary ware market size is anticipated to hit USD 74.52 billion by 2028 and exhibit a CAGR of 7.4% during the forecast period. The increasing construction activities due to rising urbanization, industrialization, and the growing trend of smart homes is projected to boost the market growth. Fortune Business InsightsTMhas presented this information in its report titled, “Ceramic Sanitary Ware Market, 2021-2028”. The market size stood at USD 44.17 billion in 2020 and USD 45.24 billion in 2021.

Additionally, the growing trend of adopting ceramic water closets across urban and rural areas is anticipated to uptick the market growth in the forthcoming years.

Source - https://www.fortunebusinessins....ights.com/ceramic-sa

Segmentation-

On the basis of product type, the market is segmented into urinals, wash basin, water closets, and others. On the basis of end-use, the market is trifurcated into renovation, commercial, and residential. Geographically, the market is classified into Latin America, Europe, Asia Pacific, North America, and the Middle East & Africa.

Report Coverage-

It provides a comprehensive market assessment.
It assimilates key market drivers and restraints.
It profiles the rankings of key market players accordingly.
It includes key market developments and information on different market segments.
It assesses the COVID-19 pandemic’s impact on the market.
Drivers & Restraints-

Escalating Construction Activities to Propel Market Growth

The swift infrastructure development, soaring urbanization, and the rising trend of smart homes fuel the global ceramic sanitary ware market growth. The growing consumer demand for restaurants, schools, offices, shopping malls, and others is expected to further expand the market growth. Moreover, the growing construction project investments by citizens, favorable government policies, and improving consumer disposable income levels are likely to complement the market growth.

Many developing and underdeveloped countries demand toilet sinks or ceramic sanitary ware as they are the most basic. The rising government initiatives to provide basic sanitation access across developing and underdeveloped counties are expected to boost ceramic water closet adoption and thereby stimulate market growth.

However, the high costs of ceramic sanitary ware may hinder the market’s growth.

Regional Insights-

Asia Pacific to Hold Lion’s Share Due to Growing Technological Developments

Asia Pacific is projected to attain the largest ceramic sanitary ware market share. The growing technological developments in ceramics to augment their sustainability are expected to bolster market growth. China is anticipated to lead the region’s market and witness the fastest growth due to rising government initiatives in hygiene and sanitation. Additionally, the swift infrastructure developments and soaring R&D activities are anticipated to favor the region’s market growth.

Europe is anticipated to witness high growth due to expanding commercial sector and renovation activities.

North America is estimated to gain robust growth due to the growing residential sector. The U.S. is likely to lead the region’s market growth.

Latin America and the Middle East & Africa are likely to exhibit considerable growth due to improving income levels, growing urbanization, favorable government initiatives, and expanding construction and healthcare industries.

Competitive Landscape-

Major Market Players Emphasize Acquisitions and Other Strategies to Garner Growth

The market comprises several key players operating internationally and domestically. Amongst these, Kohler Co., Geberit, LIXIL Group Corporation, and TOTO Ltd. are the major market players. The key market players emphasize production capacity improvements, collaborations, acquisitions, and product innovations to amplify their market presence. For instance, In June 2021, Roca Group completed the acquisition of Sanit, a concealed cisterns and built-in installation sanitary ware systems producer based in Germany. This acquisition is aimed to solidify Roca Group’s presence in Europe.

List of Key Market Players-

Geberit Group (Switzerland)
Kohler Co. (U.S.)
TOTO Ltd. (Japan)
LIXIL Group Corporation (Japan)
Roca Sanitario SA (Spain)
Villeroy & Boch AG (Germany)
RAK Ceramics (UAE)
Duravit AG (Germany)
Duratex SA (Brazil)
HSIL (India)
Orient Ceramics (India)
Golf Ceramics Ltd. (India)