Asian textile chemicals market will grow at CAGR of 7.6% During 2014 – 2020

Future Market Insights (FMI), in its recent report titled, “Asia Textile Chemicals Market Analysis & Opportunity Assessment, 2014 – 2020”, projects that the market for textile chemicals in Asia will exhibit a steady CAGR of 7.6% during 2014 to 2020. According to FMI’s in-depth analysis of textile chemicals market in Asia, the Asia textile chemicals market will reach US$ 11,626 Mn by 2020.

Textile chemicals are class of specialty chemicals and comprise chemicals and intermediates that are used in various stages of textile processing such as preparation, dyeing, printing and finishing. These are often used to enhance or impart desired properties and colour to the fabrics during the manufacturing process. As of 2014, textile chemicals accounted for nearly 2% of the overall specialty chemicals market. FMI’s report analyses the Asia textile chemicals market in terms of market value (US$ Mn) on the basis of product types, end use applications and countries of Asia region.

The major players in textile industry across the globe are emphasising on channelising efforts towards ensuring sustainability throughout the value chain. As such, there is an ever increasing demand for eco-friendly chemicals that minimise the amount of water and energy required in various stages of textile processing and are in compliance with regional and international regulations.

Textile chemicals industry is highly fragmented and comprises large number of small and big players catering to the demands of textile manufacturers. Due to this fragmented nature, developing innovative and differentiated product offerings has emerged as a key to gain competitive advantage. Moreover, growth in demand for functional finishes has resulted in a steady growth of textile finishing chemicals that impart desired specific finishes to textile and apparels.

From regional perspective, China accounted for a major share in overall Asia textile chemicals market in 2014. China textile chemicals market is expected to exhibit a CAGR of 8.6% during the forecast period 2014─2020. In terms of market value, India is the second largest market for textile chemicals in Asia. India textile chemicals market is expected to witness a steady growth at a CAGR of 9.0% in the same period.

Countries like Vietnam, Bangladesh, and Indonesia also are expected to witness relatively high growth in textile chemicals market.From product type perspective, market size of textile auxiliaries segment is expected to grow faster than the textile colourants segment. The segments are projected to witness high single-digit growth during the forecast period.

From the process perspective, the finishing process segment is slated to experience faster growth than that of pre-treatment, dyeing and others segments. It is expected to register a CAGR of 8.6% between 2014 – 2020. This is primarily due to growth in demand for textiles and apparels with specific functional finishes.From applications perspective, market is composed of apparels segment,

home furnishings segment and others (technical & smart textiles) segment. The apparels segment accounts for largest share among these segments and is slated to register a CAGR of 6.8% during forecast period.The key market participants covered in the report include companies covered in the report are Huntsman Corporation, Archroma and DyStar group.



12 thoughts on “Asian textile chemicals market will grow at CAGR of 7.6% During 2014 – 2020”

  1. Asian Chemicals
    -Textile Chemicals. Textile Cationic Softener.
    -Textile Auxiliaries Chemicals.
    -Dyeing Chemicals. Dye Fixing Agent.
    -Stearic Acid.
    -Stearic Acid.
    -Octanol Liquid.
    -Octanol Liquid.
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  2. There are many market news blogs out there, but which ones are the best? This is a question that we get asked a lot, and it’s tough to answer. However, we have compiled a list of the top latest market news blogs that you can’t live without.

  3. Aramid fiber reinforcement materials are a high-end specialty synthetic product characterized by their enhanced heat resistance and ductile strength for various industrial applications, such as aerospace, defense, automotive, and optical fiber cable system. The global Aramid Fiber Reinforcement Materials market is projected to rise at a considerable rate in the forthcoming years.

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  4. A Social Security Number (SSN):

    ✔ must be applied for in person from the Social Security Administration, a federal agency. A Columbia University issued number is not an SSN and is for internal use only.
    ✔ is yours for life. You don’t need to apply for another one if you already have an SSN from a previous stay in the United States.
    ✘ is not a work permit. An SSN is used only for tax-reporting purposes.
    ✘ is not required to open a bank account, rent an apartment, start a mobile phone contract, or get a credit card.

  5. Some SSNs used in advertising have rendered those numbers invalid. One famous instance of this occurred in 1938 when the E. H. Ferree Company in Lockport, New York, decided to promote its product by showing how a Social Security card would fit into its wallets. A sample card, used for display purposes, was placed in each wallet, which was sold by Woolworth and other department stores across the country; the wallet manufacturer’s vice president and treasurer Douglas Patterson used the actual SSN of his secretary, Hilda Schrader Whitcher.

    Even though the card was printed in red (the real card is printed in blue) and had “specimen” printed across the front, many people used Whitcher’s SSN as their own. The Social Security Administration’s account of the incident also claims that the fake card was half the size of a real card, despite a miniature card being useless for its purpose and despite Whitcher’s holding two cards of apparently identical size in the accompanying photograph. Over time, the number that appeared (078-05-1120) has been claimed by a total of over 40,000 people as their own.[44] The SSA initiated an advertising campaign stating that it was incorrect to use the number (Hilda Whitcher was issued a new SSN). However, the number was found to be in use by 12 individuals as late as 1977.

  6. Europe SiC Power Semiconductor Market – Industry Trends and Forecast to 2030

    Europe SiC Power Semiconductor Market, By Type (MOSFETS, Hybrid Modules, Schottky Barrier Diodes (SBDS), IGBT, Bipolar Junction Transistor (BJT), Pin Diode, Junction FET (JFET), and Others), Voltage Range (301-900 V, 901-1700 V, Above 1701 V), Wafer size (6 Inch, 4 Inch, 2 Inch, Above 6 Inch), Wafer type (SiC Epitaxial Wafers, Blank SiC Wafers), Application (Electric Vehicles (EV), Photovoltaics, Power Supplies, Industrial Motor Drives, EV Charging Infrastructure, RF Devices, and Others), Vertical (Automotive, Utilities and Energy, Industrial, Transportation, IT and Telecommunication, Consumer Electronics, Aerospace and Defense, Commercial, and Others) Industry Trends and Forecast to 2030.

  7. A person can request a new Social Security number, but only under certain conditions:

    Where sequential numbers assigned to members of the same family are causing problems.
    In the event of duplicates having been issued.
    In cases where the person has been a victim of domestic violence or harassment, and there is a clear need to change their number for their personal safety.
    When a person has been a victim of identity theft, and his/her Social Security number continues to be problematic.
    Where a person has a demonstrable religious objection to a number (such as certain Christians being averse to the number 666).

    For all of these conditions, credible third-party evidence such as a restraining order or police report is required.

  8. The NPPES registry is simply a database that contains all of this information. You can search for medical providers and organizations to obtain any missing details when submitting a medical claim form.

    The NPPES registry contains details on the following kinds of medical practitioners:

    Family medicine practitioners
    Physician’s assistants
    Internal medicine
    Nurse practitioners
    And more
    Finding details on the relevant provider is incredibly simple. You just need to enter any of the following:

    Name (first and/or last)
    Organization name
    NPI number
    The more details you include in the search, the more accurate the results will be. Performing a reverse search using an NPI number will give you any details you might be missing, such as organization location or a provider’s specialty.

    Searches can also be initially filtered by state, allowing you to refine them further. Results will show a practitioner or organization’s name, their address and contact number, NPI number, and their specialty. This should give you all the details you need to successfully complete your form.

    The NPPES registry is updated regularly, but there might be several reasons you can’t find the information you need. For example, there might be spelling variations for names or organizations, or the registry simply hasn’t been updated since any changes were made to your practitioner or organization.

    The benefit of performing an NPPES lookup compared to simply knowing an NPI number is that the lookup provides you these extra details. An NPI number alone isn’t enough information, as it only covers a practitioner’s name. You might need the other information to submit a claim or to find a practitioner with a relevant specialty in your area.

  9. The ABA RTN appears in two forms on a standard check – the fraction form and the MICR (magnetic ink character recognition) form.[1] Both forms give essentially the same information, though there are slight differences.

    The MICR forms are the main form – it is printed in magnetic ink, and is machine-readable; it appears at the bottom left of a check, and consists of nine digits.

    The fraction form was used for manual processing before the invention of the MICR line, and still serves as a backup in check processing should the MICR line become illegible or torn; it generally appears in the upper right part of a check near the date.

    The MICR number is of the form

    where XXXX is Federal Reserve Routing Symbol, YYYY is ABA Institution Identifier, and C is the Check Digit, while the fraction is of the form:

    where PP is a 1 or 2 digit Prefix, no longer used in processing, but still printed, representing the bank’s check processing center location, with 1 through 49 for processing centers located in a major city, and 50 through 99 representing processing is done at a non-major city in a particular state. Sometimes a branch number or the account number are printed below the fraction form; branch number is not used in processing, while the account number is listed in MICR form at the bottom. Further, the Federal Reserve Routing Symbol and ABA Institution Identifier may have fewer than 4 digits in the fraction form. The essential data, shared by both forms, is the Federal Reserve Routing Symbol (XXXX), and the ABA Institution Identifier (YYYY), and these are usually the same in both the fraction form and the MICR, with only the order and format switched (and left-padded with 0s to ensure that they are 4 digits long).

  10. Prior to the implementation of NPI numbers, health plans and federal payers assigned identification numbers to healthcare providers and suppliers. The identification numbers were not standardized, resulting in a single provider using multiple identification numbers issued by the various health plans with which a provider was enrolled. This complicated the provider’s claim submission processes, often resulting in the same identification number being assigned to different healthcare providers by the different health plans.

    The NPI Final Rule established a standard for a unique health identifier for healthcare providers to use in the healthcare system. The national standard simplifies the claims process and reduces the administrative burdens on healthcare providers.

    Providers are required to use their NPI when transmitting any health information in electronic form in connection with a transaction. As stated in the NPI Final Rule, “the use of the NPI will improve the Medicare and Medicaid programs, and other federal health programs and private health programs, and the effectiveness and efficiency of the healthcare industry in general, by simplifying the administration of the healthcare system and enabling the efficient electric transmission of certain health information.”

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