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US TEXTILE PROCESSING AND FINISHING CHEMICALS DEMAND TO REACH 2.6 BILLION IN 2004.

US demand for textile processing and finishing chemicals is forecast to expand nearly 3 percent per annum to $2.6 billion in 2004. This is a noticeable improvement over the previous five years when advances were restrained by a surge of low-cost imports of dyes and finished textile products from Asia during the region's financial crisis of 1997-1998. A more favorable outlook in key Asian economies is expected to restore textile chemical demand and alleviate the intense competition and cutthroat pricing for dyes in the world market. Gains in volume are expected to advance just 1.6 percent per year to 2.8 billion pounds in 2004. These and other trends are presented in Textile Processing & Finishing Chemicals, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

US textile mills have diversified away from commodity textile goods in favor of less labor intensive and more upscale products as a way to compete in a world market characterized by countries with extremely low labor costs. Value-added finishing chemicals are expected to lead advances, with annual growth over five percent through 2004. Opportunities are particularly favorable for wrinkle-resistant finishes and fabric softeners. Demand for coatings and other, smaller volume chemical treatments will also be above average, spurred by growth in carpets and rugs, and nonwovens used in home furnishing, medical and industrial applications.

Environmental issues are driving product reformulations and spurring interest in chemical recovery and recycling operations. Efforts to reduce effluent processing costs and comply with government regulations are expected to boost demand for more expensive eco-friendly formulations. Environmental concerns prompted the phase out of some soil repellents by the end of 2000, although alternative products are available and suppliers are expected to quickly move to satisfy demand by consumers who are accustomed to low maintenance in carpets, home furnishings and other textile items.

The strongest growth markets for textile chemicals are forecast for high-performance industrial textiles and medical products, especially value-added nonwovens. These markets are less vulnerable to import competition as US textile producers maintain production advantages based on automation and other advanced technology. Gains in apparel will be weak due to the high import presence in the market and the depressed outlook for dye consumption. The dynamic fashion nature of the apparel market will continue to demand innovative and high value chemical treatments.

Textile Chemical Demand (million dollars)
 % Annual Growth

Item 1994 1999 2004 99/94 04/99

Textile Chemical Demand 2304 2287 2625 -0.1 2.8
 Dyeing & Printing 1079 957 993 -2.4 0.7
 Finishing 507 562 728 2.1 5.3
 Preparation 223 234 274 1.0 3.2
 Sizing 188 195 227 0.7 3.1
 Coating 111 114 139 0.5 4.0
 Other 196 225 264 2.8 3.2



Freedonia Group, Inc. (Cleveland, OH)

Textile Processing & Finishing Chemicals (published 07/2000, 249 pages) is available for $3700 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 646.0484 or e-mail pr@freedoniagroup.com. Full text is also available online through commercial database companies and the www.freedoniagroup.com Web site.

Please attribute information from this news release to The Freedonia Group (Cleveland, OH) and include, if possible, the price of the report. We would also appreciate a copy of the article or publication in which we appear.

Contact: Corinne Gangloff Media Relations phone: 440.684.9600 fax: 440.646.0484 pr@freedoniagroup.com
COPYRIGHT 2000 Subscription: $00.00 per year as of 1/94. Published irregularly. Contact Freedonia Group, 3570 Warrensville Cente
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000 Gale, Cengage Learning. All rights reserved.

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Comment:US TEXTILE PROCESSING AND FINISHING CHEMICALS DEMAND TO REACH 2.6 BILLION IN 2004.
Publication:Research Studies - Freedonia Group
Geographic Code:1USA
Date:Jul 28, 2000
Words:582
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