PRZOOM - /newswire/ -
Beijing, China, 2008/03/31 - China's flourishing textile market, rising standard of living, and new product development in all segments including pretreatment agents, dyeing and printing auxiliaries, finishing agents, and other auxiliaries are strengthening the country's textile.
New analysis from Frost & Sullivan (chemicals.frost.com), Chinese Textile Additives Markets, finds that the market earned revenues of $1,157.2 million in 2007 and estimates this to grow at compound annual growth rate of 20.8 percent to reach $3,599.1 million in 2013.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Chinese textile additives markets, then send an email to Amelia Wong, Corporate Communications, at amelia.wong[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.
The Chinese economy is growing steadily and the average earnings of Chinese citizens increase annually. The average income in China increased at a rate of 20 percent for the past two years and is expected to increase progressively in the near future. This will boost the requirement for higher quality textiles, thereby contributing to the development of textile additives industry.
"In 2006, the demand for finishing agent products, multi-functional products, and environment-friendly products witnessed a rise in the Chinese textile additives market," cites Frost & Sullivan Research Analyst Rodger Yang. "Particularly, the finishing agent segment is expected to experience greater demand from 2007 to 2013"
Finishing agent, innovative multi-functional, environment-friendly, and specific functional textile additives continue to remain in high demand as they drastically improve the finished quality of the textile by their function and texture among other benefits. Therefore, the production of these textile additives aids in expanding the overall market and promises future growth as well.
As a kind of developing fine chemical in China, the profit margins of textile additives production are expected to be high in the near future.
However, there are numerous fragmented textile additives manufacturers in the Chinese market, leading to fierce price competition and excessive production of similar textile additives.
Due to technical restraints, less involvement in research and development, and unstable product quality, the textile additives products in China are limited and less developed. Moreover, the demand for specific textile additives is unpredictable and may shift in tandem with evolving customers' requests and the fashion industry.
"Hence, it is necessary for local participants to emphasize on collaboration with large textile additives companies and research institutes to develop and offer innovative products, which will attract customers," remarks Rodger. "For major textile consumers to consider local textile additives manufacturers, the latter must work on modifying the existing equipment and improving the production process to enhance product quality and stability."
In addition, dyeing and printing companies can partner with textile additives manufacturers to develop a more professional textile business and garner higher profit.
Chinese Textile Additives Markets is part of the Chemicals & Materials Growth Partnership Service program, which also includes research in the following markets: U.S. Metalworking Fluid Additives Markets, U.S. Automotive Fuel Additives Markets, European Market for Dry Mix Mortar Additives and Brazilian Animal Feed Additives Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
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Chinese Textile Additives Markets P0B5