Asia Textile Bonding Chemicals Market Expected To Reach Market Value Of Over US $ 730 Million By End Of 2031
NEW YORK, April 20, 2021 / PRNewswire / – In the textile industry, sizing is at the heart of weaving, and this process is used to provide a protective coating on the warp yarn to reduce yarn breakage throughout the weaving process. Different types of water soluble polymers such as polyvinyl alcohol (PVA), starch, native starch, modified starch, acrylates and carboxymethyl cellulose (CMC) are used to protect the yarn. These textile sizing chemicals offer excellent properties such as film formation, adhesion, controllable viscosity, optimal penetration, film flexibility and elasticity, lubrication, bacterial resistance and easy removal. fabric.
Demand for chemicals for sizing textiles Asia is expected to experience substantial growth over the next few years due to increasing demand from the apparel and non-apparel industries. Europe and North America strongly depend on Asia Pacific for textiles and clothing. Similarly, the global textile manufacturing industry has experienced a geographic shift from developed countries into North America and Europe at Asia due to the abundant availability of skilled labor in developing countries in Asia.
According to the analysis of the persistence market research, the Asia textile sizing chemicals market is expected to achieve a market value greater than US $ 730 million by the end of 2031, increasing at a CAGR of over 7% over the forecast period 2021-2031.
Main takeaways from market research
Growth in demand for textiles and clothing associated with a substantial shift in activities from the textile industry to Asia has fueled the demand for chemicals for sizing textiles in the region.
The increasing demand for chemical agents for sizing textiles at the pretreatment stage of the textile processing line is expected to drive the market growth in the near future.
Bookbinders will have more than half of their market share by 2031.
Depending on the material, starch and polyvinyl alcohol together will hold around 60% market share over the next ten years.
As an end-use industry, clothing is expected to meet over 70% of the demand for textile sizing chemicals through 2031.
The market in Bangladesh grow to nearly 7% CAGR over the next ten years, as China and India at around 8% each over the same period.
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“Due to the ongoing COVID-19 pandemic, delays in port clearance and limited transportation availability have hampered market growth in 2020 (-5.6%). However, the major players have increased their production capacities from the last quarter of 2020 due to several regional governments, ”says an analyst from Persistence Market Research.
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The market landscape remains moderately fragmented
Major Manufacturers of Textile Sizing Chemicals Asia such as Huntsman Corporation, Archroma, Dystar Group, Dow Chemicals, DIC Corporation, NICCA Corporation, Ben Tech Chemicals, Zhongshan City Emeer Textile Auxiliary Co. Ltd., Cherng Long Enterprise Co ltd, Central china, Ester Chemical Industries Pvt. Ltd., Angel starch & Food Pvt. Ltd, Zydex Industries, Indokem Ltd., Ran Chemicals Pvt. Ltd, Pulcra Chemicals, Matangi International, Allwyn Chem Industries, Sarex Chemicals, Associated Chemicals and Eco Polychem Pvt. Ltd. are focused on strengthening their product portfolios and expanding their market footprint through the acquisition of small businesses in the market.
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Persistence Market Research has released a new report on the Asia Textile Sizing Chemicals market which contains an analysis of the industry for 2016-2020 and an assessment of the opportunities for 2021-2031. The report provides in-depth analysis of the market across different segments, namely material, product, end use, and region. The market report also provides supply and demand trends and a comprehensive list of different vendors and distributors in the market along with a detailed overview of the parent market.
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SOURCE Persistence Market Research Pvt. Ltd.