Silicone Solutions Market Size for Leather & Textiles, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3853
Silicone Solutions for Leather & Textiles Market is increasing rapidly owing to the growing innovation of product in new apparels & accessories from fashion & clothing industry. Moreover, demand for diverse fabric with features such as stain resistance, softness, comfort and wrinkle resistance are anticipated to boost the product demand in the future. Sweat absorption, tear-resistant finish, comfort and hydrophobicity in sports and active wear products will drive the overall market over the upcoming years. Additionally, treatment of clothes with silicone-based chemicals, the product offers some performance properties such as lubricity, long-lasting softness, elasticity and stretch recovery. Rising consumption of viscose, acrylic fiber in household, apparel and technical industry are additional factors that will drive the silicone-based chemicals in clothing & textile applications market.
Increasing apparel sales with customization and affordable fashion in addition to evolving retailer trends and increasing product differentiation in the segment will drive the product market over the forecast period. Moreover, leather producers and shoemakers use the silicone solutions to improve the touch, appearance, durability and water resistance of their products. Silicone solution provide smooth luxury feels to handbags, whereas silicone coating provide shine in leather products. Climate resistance, tear endurance and ecofriendly nature of silicon solution has inflated its demand for swim wear apparels. However, rising importance of environmental health and safety management systems in production sector owing to stringent regulations on worker safety in offshore industries including mining and oil & gas will surge the demand for silicon solution in personal protective clothing.
Growing demand for leather products in footwear, luggage, wallets, belts, and jackets will encourage the market demand for silicone-based chemicals. However, a stagnant growth of manufacturing segment in developed economies such as France, Germany and the UK, owing to rising utility expenditure, will shrink the textile market size in industrial or technical applications. High product cost will decrease the profit margin among suppliers and product manufactures. This may hamper the growth of silicone solutions for leather & textiles in the projected timespan.
On the basis of application, silicone solutions are categorized into leather, textile, hospitality, furniture, and healthcare. Rising demand of silicone solutions for various leather applications such as wallets, bags, belts, jackets, laces, soles, etc. Beside this, there is an ascending demand for apparels in developed and developing countries with respect to lifestyle and status to match personal needs and aspirations. Additionally, penetrating organized retail and increasing disposable income levels will also promote the apparel shopping trends. Moreover, development in construction & building industry is anticipated to continue the demand for technical textiles. Silicone solutions also offer antibacterial properties for various applications such as hospitality, furniture, healthcare, etc. These factors will drive the growth of silicone solution in the coming years.
Asia Pacific is expected to grow with the significant CAGR in comparison to other regions. Growing demand for apparel in the region will lead Asia Pacific market. It is anticipated that countries like China, India and Japan will grow in silicone solutions for leather and textile market due to increasing population in the region. Moreover, growing footwear & bags market along with increasing efforts by manufacturers such as Guangdong footwear, Zhejiang Footwear, and Bata in developing unique and innovative footwear designs are projected to propel the growth of footwear sector in leather industry in the region. China being the largest producer of leather will also boost the use of silicone solution for various finishing applications of leather in the region. Therefore, the product market is likely to progress substantially during the estimated period.
Some of the important players in silicone solution for leather and textile market are BASF SE, The Dow Chemical Company, The CHT Group, Elkay Chemicals Pvt. Ltd., Siltech Corporation, Shin-Etsu Chemical Co., Ltd. Elkem ASA, Arihant Dyechem, Wolfson Silicone Ltd., Momentive Performance Materials, Inc., Lanxess, Wacker Chemie AG, etc.
Silicone Solutions for Leather & Textiles Market, By Application, 2014-2025
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- The Dow Chemical Company
- The CHT Group
- Elkay Chemicals Pvt. Ltd.
- Siltech Corporation
- Shin-Etsu Chemical Co., Ltd
- Elkem ASA,
- Arihant Dyechem,
- Momentive Performance Materials, Inc.
- Wacker Chemie AG
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