Global Market Insights, Inc. has announced the launch of Smart And Interactive Textiles Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.
Positive application outlook in adhesives, paints & coatings and paper & paper board coatings industry may stimulate market emulsion polymer market growth. Polymer emulsions have low VoCs compared to solvent-borne polymers and results in strong application in end-use industries such as automobile, construction and consumer durables.
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According to a new research report by Global Market Insights, Inc. Smart And Interactive Textiles Market size is set to exceed USD 40 billion by 2024.
Supporting regulatory guidelines by REACH & EPA regarding usage of environment friendly products along with increasing awareness regarding the concept of green buildings will promote product demand. Better shelf life & recyclability, superior standards and easy handling & usage over its counterparts, may stimulate emulsion polymers market size.
Vinyl acetate emulsion polymer market size may should surpass 2.8 million tons at the end of projected timeframe. It is widely used in adhesives owing to its characteristics which includes film forming and binding. Vinyl acetate is used in textiles, on-site construction, paperboard packing and book binding, thereby enhancing product demand.
Styrene and acrylics are major petrochemical raw materials for manufacturing synthetic based products. These are produced as by-products of crude oil and natural gas. Cost concern regarding volatile petrochemical oil index may hinder emulsion polymers price trend.
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Acrylic Smart And Interactive Textiles Market size should exceed USD 17 billion by the end of projected period due to its usage in adhesives, personal care, paper coatings, and textile industries. Increasing acrylics usage owing to key properties which includes water resistance and fast drying ability along with technological innovations in this segment will drive product demand. Presence of large scale automotive manufacturers in Europe along with stringent regulations implemented by REACH will boost product demand.
Smart And Interactive Textiles Market demand from paint & coatings applications may surpass USD 16 billion by the end of projected timespan. It is widely used owing to its low VoC content, making it environment friendly product. The manufacturing process has lower carbon footprint as it consumes less energy. Low operational cost and positive application scope in marine, construction, aviation and automotive will boost product demand.
Smart And Interactive Textiles Market have same structure and chemical properties as that of synthetic counterparts. It is manufactured from 100% renewable resources. EPA and REACH are implementing rules regarding the use of eco-friendly products to restrict toxic emissions.
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Smart And Interactive Textiles Market share is competitive and is moderately consolidated. Some of the industry participants includes BASF, Lubrizol Corporation, Clariant, Cytec Industries, DIC Corporation, Arkema, Nuplex Industries, Trinseo, Omnova Solutions, DOW Chemical and Wacker Chemie, Companies are engaged in production of environment friendly products to gain competitive advantage, thereby enhancing industry growth.