Global Sizing Agents Market to Grow at 5.6% CAGR till 2024
Growth in textile & clothing industry along with rising demand for paper & related products to boost global sizing agents market through 2024
According to a report released by TechSci Research, ‘Global Sizing Agents Market By Type, By Application, By Region, Competition, Forecast & Opportunities, 2024’ global sizing agents market is anticipated to cross $ 4 billion by 2024. Sizing is the application of adhesive material to paper or cloth to offer certain qualities like strength to the sheet; controlled abrasive qualities to protect against chemical, enhanced abrasion resistance and dimensional stability; environmental or mechanical degradation and liquid resistance. Global sizing agents market is driven by increasing demand for sizing agents owing to their wide industrial application. While, fluctuating prices of raw materials and cyclic nature of the textile industry is hindering the growth of the sizing agents market.
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Global sizing agents market is categorized into type, application and regions. On the basis of type, the market is segmented into natural and synthetic, of which the latter is the largest contributor to global sizing agents market during forecast period, owing to the growing demand for synthetic sizing agents including, styrene, polyvinyl alcohol, which are increasingly consumed in various applications like textile & fiber and paper & paperboard. In terms of regions, global sizing agents market is segmented into Asia-Pacific, North America, Europe, South America and Middle East & Africa. Asia-Pacific sizing agents market is anticipated to register the highest CAGR during forecast period, owing to the increase in the number of manufacturing facilities and technological advancement in the region.
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“On the basis of applications, the global sizing market is categorized into textile & fiber, paper & paperboard, cosmetics, food & beverage and others. Among these, textile & fiber segment is anticipated to be the fastest growing application of sizing agents owing to their properties that aid in strengthening the yarn besides providing abrasion resistance.” stated Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Sizing Agents Market By Type, By Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global sizing agents market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global sizing agents market.
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