Textile Surfactants: Market Dynamics
Increased spending, in terms of fashion and high-class interiors, has increased demand for textiles, as a result of which there is strong demand for textile surfactants in the industry. As there are many players in the textile industry, owing to continuous change in preferences of people, competition among them would constantly bring more advancement in textile quality and thus is expected to drive the market for textile surfactants in near future. Technical textile includes medical applications, geotextiles, agro-textiles, etc. Rising demand from these segments would stimulate the growth of textile, which ultimately would accelerate the textile surfactants demand in textile industries. Technical textiles are also used in environmental protection applications and such environmental beneficial projects are expected to boost eco-tech textiles, which would keep demand for surfactants rising.
The main restraint, which may hamper the demand for use of textile surfactants is government regulations for utilization of eco-friendly products. Disposal of synthetic surfactants into lakes and rivers leave adverse environmental impact, which limits the growth of synthetic textile surfactants market. This in-turn has raised the demand for bio-based textile surfactants, which will bring opportunities for market growth.
Textile Surfactants: Regional Outlook
With growing economies and increasing population of developing countries of Asia Pacific and continuous demand for new trends in textile segment, this region leads the market of textile manufacturing, owing to which there is high demand for surfactants in textile sector. Also, India and China lie among top exporters of textiles, so manufacturers in this region are expected to witness significant rise in demand for surfactants.
Western Europe and North America possess a large base of key players in surfactants manufacturing. The surfactant market is stagnant in this region. European commission encourages the policies that are beneficial for environment, owing to which surfactants produced from renewable raw materials is expected to find large market in this region. Japan Textile Federation is aiming to push development in Japan textile industries, which is also expected to bolster the demand for surfactants in this region during the forecast period.
Textile Surfactants : Market Participants
Some of the examples of the market players in the global surfactants market are: Air Products and Chemicals, AkzoNobel Surface Chemistry, BASF S.E, Clariant Chemicals Company, Dow Chemical Company, Henkel Ag & Co KGaA, Organic dyes and Pigments, Stepan company, Huntsman Corporation.
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