The textile auxiliary is a chemical or a formulated chemical product that helps to carry processing operation in the most efficient way. These processing operations may include dyeing, printing or finishing. Textile auxiliaries are specially used for dying and washing of yarns and fabrics.
According to the report by Future Market insights (FMI), the global textile auxiliaries market is estimated to be valued at nearly $12,400 million, growing at 5.2% CAGR. The apparel segment which accounted for 50% market value share is anticipated to dominate the global textile auxiliary market by 2016-2026.
Construction and Healthcare sectors to boost the textile auxiliaries market
Rise in urbanisation and growing infrastructure development especially in BRIC countries is increasing the demand for technical textiles that impart resistance and protection from pollutants and environmental factors. The sector is driving the demand for Buildtex, which is more effective and durable than the conventional textile material. The material is used in construction, concrete reinforcement, faced foundation, etc.
Growing demand of technical textile is set to boost the market for textile auxiliaries in the construction sector.
The textile auxiliaries market will increasingly contribute towards the healthcare segment during 2016-2026. Meditech textiles are used in healthcare and these textiles are used in the surgical application, hygiene and health. The rise in per capita spending by government on healthcare is also boosting the market for textile auxiliaries in healthcare. Emerging economies or developing countries are witnessing the rise in demand for the products including sanitary napkins and baby diapers which again uses technical textiles.
Natural textile auxiliaries being more expensive than Synthetic textile to hamper the Growth of Textile Auxiliary Market
Due to limited availability, the high cost of raw material and operational cost the natural textile auxiliaries are more expensive as compared to the synthetic textile. Moreover, the process used in manufacturing and extraction of the natural textile auxiliaries is also expensive than manufacturing synthetic textile. The need of technically trained workers in the manufacturing process of natural textile auxiliaries is yet another factor that may restrain the growth of textile auxiliaries market.
Environmental regulations by government and toxic waste production may also hinder the growth of textile auxiliaries. For example, the fibers such as polyester and synthetic materials contain a toxic substance and are non-bio-degradable and are the major applications for textile auxiliaries. The government across the countries have also setup quality standards for technical textile products. These rules and regulations are again hampering the growth of textile auxiliaries.
The Asia-Pacific textile chemical market is set to witness a growth during the forecast period. Moreover, there will be a rise in demand for textile auxiliaries in China and India.