The Textile Auxiliaries Market is set to grow at a 5.2% CAGR, reaching $7.76 billion by 2026, driven by strong demand in APEJ and eco-friendly trends.
Global textile auxiliaries sales are projected to reach 2.58 million tonnes in 2017, up from 2.49 million tons in 2016. In terms of value, the global textile auxiliaries market will reach US$ 7.76 Bn in 2017.
Demand will remain strong in Asia Pacific excluding Japan (APEJ) – the largest and the fastest growing market for textile auxiliaries. Textile auxiliaries sales in APEJ were valued at over 829 thousand tonnes in 2016.
Increasing applications of textile auxiliaries in the construction sector is a good sign for this market
Technical textiles impart strength as well as resistance and protection from various pollutants and environmental factors. Growing infrastructural development as well as rapid urbanisation, especially in BRIC countries is driving demand for Buildtex – a technical textile that is more durable and effective as compared to conventional textile materials. It is majorly used in construction and architectural applications such as faced foundation, insulation (majorly in Russia) and concrete reinforcement. The growing use of technical textiles is set to boost the market for textile auxiliaries during the assessment period.
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Key factors fuelling demand of textile auxiliaries include,
Global Textile Auxiliaries Market Attractiveness Analysis by End-UseThe apparel segment is anticipated to register a significantly high CAGR during the forecast period. The apparel segment accounted for a significant market value share of 50% in 2016. This segment is expected to dominate the global textile auxiliaries market over the forecast period. In terms of volume consumption, the digital printing segment is expected to register a CAGR of 3.2% over the forecast period. Although Future Market Insights maintains a positive outlook on the global textile auxiliaries market, high price of finished products and toxic waste production have remained longstanding challenges. Production innovation and R&D can mitigate the impact of these challenges, and top players are working toward addressing these.
By product type, the global textile auxiliaries market is segmented into,
Among these, pre-treatment agents is the highest-selling product type, selling over 660 thousand tonnes in 2016. Corrosion inhibitors accounted for the lowest demand among all product type segments.
By end-use, the global textile auxiliaries market has been segmented into,
Apparels account for the bulk of demand for textile auxiliaries – in 2016, demand for textile auxiliaries from the apparel segment was worth 1.25 million tonnes. Technical textiles is the smallest segment in terms of volume sales.
APEJ is projected to remain the largest market for textile auxiliaries globally. The market in the region is anticipated to grow at 5.1% CAGR and surpass 1.37 million tonnes in volume by 2026. In terms of value, the APEJ textile auxiliaries market is expected to surpass US$ 4.5 billion by 2026.
Leading companies in the global textile auxiliaries market include Huntsman International, Tata Chemicals, Dow Chemicals, Evonik Industries, Archroma Limited, DyStar, Oleon, Rudolph GmbH, Zschimmer and Schwarz Gmbh & Co KG, and ChemDyes Sdn Bhd.
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Market TaxonomyBy Product Type
By End Use
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The main topic is the growth and forecast of the Textile Auxiliaries Market from 2016 to 2026.
The Asia Pacific excluding Japan (APEJ) region is the largest and fastest-growing market for textile auxiliaries.
High prices of finished products and toxic waste production are longstanding challenges in the textile auxiliaries market.
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