PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420348
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420348
The latest market data reveals a promising future for the Textile Sizing Chemicals market in Asia, as it continues to witness robust growth. According to the newly-released data from Fairfield Market Research, the market is expected to reach approximately US$ 445 million by the end of 2024, with a year-on-year growth of around 5.9%. The forecast for the period of 2024 to 2033 projects a remarkable growth on a value basis, with demand expected to soar to US$ 790 billion by 2031.
One of the primary factors propelling the growth of the Textile Sizing Chemicals market in Asia is the widespread use of sizing agents in textile production. These agents play a crucial role in preventing yarns such as cotton, linen, and polyester from breaking during weaving, thereby reducing machine downtime. They enhance yarn durability and abrasion resistance while minimizing hairiness. To meet the current demands of high-performance looms, there is a growing shift towards synthetic sizing agents like polyvinyl alcohol, Carboxymethyl cellulose, and polyacrylates.
Despite the robust growth, the market is not without challenges. Environmental concerns are driving the search for viable alternatives to traditional sizing agents. Keratin, a biodegradable alternative to polyvinyl alcohol (PVA), is gaining traction. Keratin offers similar sizing efficiency to PVA and has the added benefit of being environmentally friendly, making it an attractive option for the industry.
The Textile Sizing Chemicals market in Asia is characterized by strong competition among major players, who collectively hold over half of the market value share. These companies leverage strategic collaborations with end-users and local distributors to meet the evolving needs of their expanding customer base. Geographic expansion and acquisitions are common growth strategies, while established brands and active marketing present challenges for new entrants.
Prominent companies contributing to the growth of the Asia Textile Sizing Chemicals market include:
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