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Textile wax is a finishing agent employed to finish yarns and then to weave them. Wax is used as a hydrophobic treatment which eases and strengthens fibers while maintaining gloss and greater abrasion resistance . The wax assists resist droplets of water, causing minor crystals of water to simply sit on the woven fabric. The compositions are made up of three ingredients which include the hydrocarbon wax, a mixer and an emulsifier. The emulsifying agent has sufficient hydrophylic characteristics to make the structure readily water scourable, which is otherwise a primarily hydrophobic material.
Improved tear resistance, fabric softening, heat setting, reduced needle cutting are some of the added benefits of using wax in textiles thus driving the market. Organic growth of the global textile wax, owing to increasing eco-friendly awareness and technological innovation, is influencing the growth of the global market positively. However, the presence of vast numbers of suppliers around the regions would likely hinder the entrance of new firms into the industry.
Key Market Driver -
Increasing awareness and demand for soft fabrics coupled with increase in demand for application in textile industries drives the market
Key Market Restraint -
High competition between the key players confines the industry growth
Based on type, the market textile wax is segmented into yellow wax, green wax, white wax, blue wax. On the basis of application, the market is cassified into wool, cotton, viscose, others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The textile wax market is highly fragmented, with number of players operating in the global markets. Some of the key players in the global textile wax include MM INTERNATIONAL, RM Enterprises American Wax, Inc, Sri Amman Wax Ghazi Trading Company, CHEMAX MULTIKOTES (INDIA) PVT.LTD, Roger A. Reed, Inc, The Seydel Companies, Inc , BASF and others
The textile wax market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific maintains the most significant market share. Growing demand in the textile sector for lightweight and multifunctional fabrics is likely to fuel demand in the textile wax industry. The U.S. is expected to hold a significant share of the North American textile wax market. The region's textile companies concentrate on restructuring their enterprises, creating efficient work processes and growing in niche products. Large number of manufacturers' availability has led to business growth in Europe. It is anticipated that the growing value of the physical attributes of textiles will drive the market. Middle East and Africa are projected to rise moderately over the forecast period. With growth and innovation, GCC countries are likely to participate in the global market, as well as investments in textile industries, which are supposed to drive business expansion.Latin America predicted to experience moderate growth due to improved economic conditions and regional stability.
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