MARKET OVERVIEW SIZING AGENT MARKET
The sizing agent market is a part of the chemicals and materials market and refers to the chemicals that are used in the paper and textile industries to enhance the properties of fibers. Sizing agents are applied to fibers to improve their strength, stiffness, and water resistance, among other properties. These agents are used in a range of applications, including textiles, paper, food and Beverage, cosmetics, and packaging. With a growing need for textiles and paper goods in emerging nations, the worldwide sizing agent market is anticipated to expand in the next few years. Demand for sizing agents is anticipated to rise along with the packaging sector. Sizing agents come in a variety of varieties, including natural sizing agents, synthetic sizing agents, and others. The increased preference for eco-friendly products is predicted to enhance the market for natural sizing agents.
MARKET DRIVERS
The textile and clothing industry is one of the largest industries in the world, and the demand for sizing agents is driven by several factors. The textile market is rising as an outcome of increasing urbanization, disposable income, and population expansion. This has led to increased textile production, which has increased the need for sizing agents. To raise the quality and productivity of the textile industry's manufacturing process, new technologies are constantly being developed. Sizing agents are necessary to improve the quality of the yarn and the efficiency of the weaving process. Sustainable and environmentally friendly textiles are in higher demand. Customers who are concerned about the environment frequently choose to size agents since they can be produced using environmentally friendly materials and methods. Every season, new styles and trends emerge, and the fashion industry is constantly evolving. The demand for a wide range of textiles is a result.
Parallel to this, the paper sector makes heavy use of sizing agents. The tensile strength and water resistance of paper goods are increased with these compounds, enabling them to be used for a range of tasks like printing and packing. As long as there is a market for paper products, sizing agents will continue to be in demand. Sizing agents are frequently used in the packaging industry as well. These materials are used to fortify and boost the packaging materials' water resistance thus that they are suitable for storage and transportation. Due to the growth of e-commerce and the increased need for ecologically friendly packaging materials, it is projected that the need for sizing agents will rise in the future years.
MARKET OPPORTUNITIES
The global sizing agent market is expected to expand at a significant rate over the course of the forecast period due to the expanding demand for sizing agents from the textile sector. Increasing disposable incomes and increased textile demand in developing countries are driving the growth of the market for sizing agents. The market for scaling agents is also being fueled by the rising need for high-performance fibers across several industries, including automotive, construction, and healthcare. For increasing fiber strength and durability as well as their resistance to external elements like moisture and heat, sizing agents are crucial in these industries. The market is also expected to benefit from the textile industry's increased focus on sustainability and environmental friendliness. In the coming decades, biodegradable and non-toxic sizing agents are anticipated to become increasingly common. The largest and fastest-growing market for sizing agents is anticipated to be in Asia Pacific on a geographical level. Some of the largest producers of textiles in the world, including Bangladesh, China, and India, are located in this region. Due to their expanding textile industries, these nations are expected to be driving the need for sizing agents.
MARKET RESTRAINTS
Since the chemicals used in sizing agents may have a negative impact on the environment, there are strict regulations regarding their use and disposal. This might increase costs for businesses and limit the use of specific chemicals. Just two of the numerous fundamental elements utilized to make size agents are chemicals and solvents. Changes in the cost of these materials may have an effect on the cost of manufacturing and the profitability of companies. There are other technologies available to improve the properties of fibers, such as coatings, laminates, and surface modifications. These technologies may be more expensive or provide higher performance as compared to sizing agents.
MARKET GROWTH CHALLENGES
One of the main challenges is the increasing environmental concerns regarding the use of chemicals in industrial processes. As a result, there is a growing demand for eco-friendly sizing agents that have a lower impact on the environment.
Another challenge is the volatility of raw material prices, which can affect the overall cost of production and pricing of sizing agents. The market is also facing intense competition from various players, which can make it difficult for new entrants to establish themselves.
CUMULATIVE GROWTH ANALYSIS
The report provides an in-depth analysis of the Sizing Agent market, market size, and compound annual growth rate (CAGR) for the forecast period of 2023-2029, considering 2022 as the base year. A rise in demand for Sizing agents in various applications is anticipated to stimulate the growth of the market and due to this factor, the market is expected to witness growth at a specific CAGR from 2023-2029.
SIZING AGENT MARKET SEGMENTAL OVERVIEW
The Sizing Agent market comprises different market segments like Type, Application and geography.
SIZING AGENT MARKET BY TYPE
By type, the Sizing Agent Market includes key segments like
Natural sizing agents are derived from plant-based materials, such as starch and cellulose, and are often preferred for their eco-friendliness and biodegradability. These agents are commonly used in the production of paper and textiles.
Synthetic sizing agents, on the other hand, are chemically synthesized and are often preferred for their superior performance and consistency. They are commonly used in the manufacturing of high-performance textiles, such as sportswear and industrial fabrics.
SIZING AGENT MARKET BY APPLICATION
The Sizing Agent market finds major applications in
- Textile
- Paper and paper board
- Food and Beverage
- Cosmetics
- Others
In the textile industry, sizing agents are used to improve the weaving efficiency of yarns and prevent breakages during weaving. They also enhance the fabric's stiffness, strength, and abrasion resistance. In the paper and paperboard industry, sizing agents are used to improve the paper's water resistance, ink absorbency, and printing quality. They also enhance the paper's strength and durability. In the food and beverage industry, sizing agents are used as emulsifiers and stabilizers in the production of processed foods and beverages. They can also improve the texture and appearance of food products. In the cosmetics industry, sizing agents are used as thickeners, emulsifiers, and stabilizers in the production of various personal care products, such as lotions, creams, and shampoos. The "others" category includes applications such as adhesives, construction materials, and paints, and coatings.
SIZING AGENT MARKET BY GEOGRAPHY
The Sizing agent market is studied for the following Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The Asia-Pacific region has the biggest market for sizing agents, which is driven by an increase in paper and textile demand in countries like China, India, and Japan. Since the packaging and printing sectors have grown, sizing agents have sizable markets in both North America and Europe. The sizing agent market in these nations is predicted to grow because to the increased demand for paper and textiles in South America, the Middle East, and Africa. The market for textile chemicals is led by the Asia Pacific region, followed by North America. The Asia Pacific textile chemicals market is expanding quickly as a result of rising end-user demand for textiles. The development of major industrial sectors is also projected to have a long-lasting impact on supply-cha in operations.
Government support and a positive business climate in the local markets are other important factors in the expansion of the Asia Pacific market. A few of the key factors influencing the market's rapid rise include the raw material supply, the ready-to-transport market, and population demand. Europe is expected to grow at a second-leading rate as a result of the rising number of suppliers and third-party providers.
COVID-19 IMPACT ANALYSIS ON SIZING AGENT MARKET
The COVID-19 pandemic has had a harmful effect on a lot of enterprises worldwide due to travel restrictions, a lack of customer presence in physical markets, and the closing of malls and retail centres. Losses resulted from this, which had a negative impact on the retail industry significantly. Also, COVID-19 backed the growth of online shopping due to a sharp rise in online sales during this period. In addition, the market for textile chemicals is anticipated to grow even further as markets reopen and operate at full capacity.
COMPETITIVE LANDSCAPE ANALYSIS
The sizing agent market is driven by factors such as the increasing demand for textile and paper products, as well as the growing awareness about the benefits of using sizing agents in various applications. However, the market is also faced with challenges such as the high cost of raw materials and stringent environmental regulations. Overall, the sizing agent market is expected to continue growing in the coming years, driven by technological advancements, increasing demand from end-use industries, and the development of new and innovative products.
The key players studied in market are
- Aries Chemical
- Avebe
- BASF SE
- Bodo Moller Chemie
- Backman
- CP Kelco
- Evonik Industries
- Harima Chemicals
- Indokem, Kemira Oyj
- Mizobata Chemical
- Nalco Water
- Omnova Solutions
- Polyscope Polymers
- Pulcra Chemicals
- Rhea Chemicals
- Seiko PMC Corporation
- Solenis
RECENT DEVELOPMENT:
July 2022: Indorama Ventures Public Company completed the full acquisition of the Italian company Filatura Tollegno. With the acquisition, IVL is able to get full access to the wool market and increase its footprint among its European rivals. The acquisition highlighted the company's development of its portfolio to offer sustainable items in addition to current assets.
June 2022: Huntsman Textile Effects, a leading provider of chemicals, digital inks, and dyes, introduced PHOBOTEX R-ACE, outdoor clothing for extreme sports, in June 2022. Since to its water-repellent properties and ease in resin blending, it performs effectively. The material can survive severe weather and is resistant to food and liquid stains, claims the producer.
