22-Oct-2019: The global silicone
solutions for leather & textiles market is expected
to reach USD 760.7 million by 2025, according to a new report by Grand View
Research, Inc. Rising demand for transparent silicone coatings in fabric
manufacturing, owing to their superior properties such as improved durability
as well as water, dirt, & temperature resistance is the key factor for
industry growth.
Continuous
fragmentation and growing competition among retailers are the key factors
anticipated to propel the consumption of leather over the next few years.
Increasing demand for leather in footwear, wallets, luggage, jackets, and belts
is anticipated to spur the market demand for silicone-based chemicals in the
industry.
Furthermore,
silicone is used in various applications including soles, laces, and 3D
printing in footwear industry. With respect to this, increasing efforts by
manufacturers such as Kenneth Cole, Alberto Torresi, Blackberrys, and Louis
Philippe in developing innovative and unique footwear designs are projected to
boost the growth of footwear segment in leather industry. This, in turn, is
likely to drive the silicone market in the leather industry.
Over the past few
years, the manufacturing industry has been increasing expenditure for the
incorporation of good quality safety equipment in shop floors, and utility
operating places. Furthermore, product innovation by companies including 3M and
DuPont for the enhancement of advanced protective clothing catering to the
manufacturing sector is expected to play a crucial role in increasing demand
for silicone in textile industry in the near future.
Continuing further,
technological innovation in terms of the emergence of smart textile products in
the electronics-manufacturing sector as a result of the capability to implement
distinguished technologically advanced operations including reacting and
sensing to the surrounding is likely to remain as a major factor positively
influencing market growth over the next eight years.
In
depth research report on Silicone Solutions for Leather & Textiles Market
https://www.grandviewresearch.com/industry-analysis/silicone-solutions-for-leather-&-textiles-market
Further key findings from the report suggest:
·
In terms of revenue, the leather segment is projected to
ascend at a CAGR of 3.7% over the forecast period
·
Textiles application dominated the global silicone market in
textile & leather industry with a global market share of over 93.5% in 2017
·
The U.S. silicone market in textile & leather industry is
anticipated to exceed 20.6 kilotons by 2025
·
Significant gains in the automotive manufacturing sector in
emerging economies including China, India, and Mexico as a result of favorable
government schemes aimed to promote investments is expected to increase the
requirement of textile products.
·
Asia Pacific had a strong customer base and accounted for
42.5% of the overall market revenue share in 2017. Ascending demand for textile
and apparel and increased demand for technical textiles are factors expected to
boost the market growth over the forecast period. The aforementioned scenario
is likely to be reflected in key countries such as India, China, Japan, and
Australia in the coming years.
·
The industry is characterized by mergers & acquisitions,
capacity expansion, distribution & branding, research & development to
improve the market share of manufacturers
·
Some of the key companies present in the industry are The Dow
Chemical Company, Wacker Chemie AG, Lanxess, Momentive Performance Materials,
Inc., and Elkem ASA, The CHT Group, Arihant Dyechem, Elkay Chemicals Pvt. Ltd.,
Siltech Corporation, and Shin-Etsu Chemical Co., Ltd.
Grand View Research
has segmented the global silicone solutions for leather & textiles market
report on the basis of application and region:
Application Outlook (Volume, Kilotons; Revenue, USD Million;
2014 - 2025)
·
Textiles
·
Leather
Browse
more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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