The Asia-Pacific textile chemicals market is anticipated to grow at a CAGR of 4.1% during the forecast period. The Asia-Pacific textiles and apparel market has accelerated over the historic period, with strong rates achieved in the last three years (2017, 2018, 2019), which consequently benefited the textile chemicals industry in the region. However, the textile chemicals sector has recorded negative growth in 2020, owing to the strong decline in the textile and apparel market, due to the COVID-19 pandemic, although will record growth in the subsequent years.

In the last five years, the Asia-Pacific textile manufacturing industry has recorded significant growth, which has extensively benefited the textile chemicals space in the region. Increasing disposable incomes coupled with dominating fast fashion space has resulted in an increased demand for textile chemicals in the region. Developing countries such as India and China have been contributing majorly to the global textile industry. In India, the textile industry is driven by advancement in textile chemicals technology, low-priced labor, and the “Make in India” initiative. Bangladesh has also been one of the major textiles making counties in the region, due to its competitively priced goods, making it a lucrative market for textile chemicals.

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The Asia-Pacific textile chemicals market is segmented based on type, application, and raw material. Based on application, the market is classified into apparel, automotive textile, home furnishing, industrial textile, and others. The rising demand for new furniture in emerging countries, such as India, and China, is estimated to boost the demand for textile chemicals. The increasing demand for furniture, owing to the rising commercial construction activities, coupled with the increasing furniture exports from the above-mentioned countries, is fueling the demand for textile chemicals in these countries.

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The market study of the Asia-Pacific textile chemicals market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Asia-Pacific Textile Chemicals Market – Segmentation
by Type
Colorants &Auxiliaries
Coating &Sizing Chemicals
Surfactants
Desizing Agents
Finishing Agents
Others
by Application
Apparel
Automotive Textile
Home Furnishing
Industrial Textile
Others
by Raw Material
Synthetic (Polyester, Nylon)
Cotton
Wool & Cashmere
Silk
Rayon/Viscose
Other

Asia-Pacific Textile Chemicals Market – Segmentation by Region 
China
Japan
India
Rest of Asia-Pacific

Company Profiles
Archroma
Dow Inc.
Asahi Kasei Corp.
BT BIOTEX Sdn BHD
Fineotex Chemical Ltd.
Formosa Plastics Corp.
Mitsubishi Chemical Corp.
NICCA Chemical Co., Ltd.
OmyaInternational AG
Shandong Qing Shun Chemical Co., Ltd.
Sumitomo Chemical Co., Ltd.
Rossari Biotech Ltd.
SABIC
Sarex Chemical Ltd.
Tata Chemicals Ltd.
Toray Industries, Inc.
Zhejiang Longsheng Group Co., Ltd.

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