Textile Chemicals Market

Textile Chemicals Market Size (2023-2028)

The size of the Textile Chemicals Market is anticipated to grow at a 6.5 % CAGR to reach a total of USD 33.76 Billion by the end of 2028. The textile chemicals market is a fast-growing market that is majorly driven by the demand from rapidly rising end-use industries like the apparel industry.

Textile chemicals are those types of chemicals that are employed in the enhancement of various products like apparel, textiles, furniture, and others. These chemicals vary in colors, finishing procedures, surfactants, and way of employment. Commonly, textile chemicals are employed in both artificial and natural fibers. Natural fibers have cotton and wool in them, whereas on the other hand, artificial fibers are made of polyester, polyamide, and viscose in others. 

Textile chemicals are often used in the making process of textiles, beginning from pre-treatment to finishing, improving, and optimizing the textile manufacturing procedures for some particular functionalities, textures, and appearance. Textile chemicals are added to the fabric procedures to transmit some particular features like sweat absorbency, antimicrobial characteristics, wrinkle resistance, stain repellence, desired texture, and finish to the fabrics. Nevertheless, the emission of harmful substances during the manufacturing procedure may pose a danger to the environment and human health. Contamination and water shortage caused by a fast-expanding textile business are estimated to lead to the imposition of stern regulations on the use of these chemicals.

Drivers & Restraints in the Textile Chemicals Market

The significant affecting factors in the textile chemicals business are the advancement of apparel businesses owing to the rise in the call for customers and expansion in population. Along with these, the business is promoted by the rise in the call for home furnishing products, the evolution of eco-friendly chemicals needed by textile businesses, and the advancement of packaging businesses that need large textile chemicals. The overhead present factors together develop opportunities for industry expansion while reasons like adverse impacts of textile chemicals pose restrictions in the industry. Moreover, each factor would have its precise effect on the market during the foreseen period. The textile chemicals market expansion is decreasing by the day. The industry is in its final step; nevertheless, its contribution to the worldwide industry would escalate highly within the coming future years. The adverse impacts of chemicals on the environment and strict regulations imposed on the chemicals are the key limitations of using textile chemicals.

Nevertheless, new innovations insert the introduction of creative plans of anti-microbial, luxurious, and stain-resistant fabrics, hence letting chemicals to reach a broader sector of people. So many players are stepping in the textile chemicals industry with innovative goods. Rising technology like the formation of sterilized textiles is predicted to escalate the conflict in the years to come. The key restraints seen in the study are the increasing popularity of bio-based textiles, rising labor prices in emerging nations, and mounting concerns related to the environment for the utilization of these chemicals in developed areas. Ecological issues associated with textile chemicals have altered the concentration of key businesses toward green (bio-based) chemicals that are eco-friendly in nature. Green chemicals are obtained with the assistance of animal and plant fats that not only makes them environment friendly but also price-efficient when compared to their conventional analogs. Businesses present in making bio-based chemicals offer price competitiveness due to the presence of less-price feedstock

TEXTILE CHEMICALS MARKET REPORT COVERAGE

Market segmentation:

Textile Chemicals Market - By Fiber:

• Synthetic

• Natural

The synthetic fiber sector is expected to dominate the market in the coming years due to its low manufacturing costs and optimized performance in comparison to natural fiber. 

Textile Chemicals Market - By Product:

• Coating & sizing

• Colorants & auxiliaries

• Finishing agent

• Desizing agent

• Surfactants

• Bleaching agents

• Others

The coating & sizing agents sector is expected to be the biggest in the global textile chemicals business in 2018 and is foreseen to continue this trend over the evaluated period. This dominance is due to the escalating call for these agents in the pre-treatment step of the textile processing chain. 

Textile Chemicals Market - By Application:

• Apparel

• Home textile

• Technical textile

• Others

Apparel is estimated to be the significant application sector over the outlook period. Rising disposable income and escalating population have led to fuel in the buying of apparel, especially sportswear and casual wear. This, in turn, has escalated the call for textile chemicals in the apparel sector.

Textile Chemicals Market - By Region:

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

The Asia-Pacific region is the quickest-developing market in the textile chemicals business and it accounts for more than half of the complete market size. Apparels business dominates other sectors in this area due to the rise in the call from consumers and the mounting population in nations like India, China, Indonesia, and Thailand. Coating and sizing chemicals hold the key share in the product type sector in Asian countries. In addition to that, the availability of low-cost labor and expansion in the number of R&D centers is also supporting the development of this business. The favorable policies and norms by the government in this area also support the local market. The urge for textile chemicals in the Asia-Pacific vicinity will increase, attributing to its features like enhancing strength and versatility, offering future opportunities in this regional and global business.

Textile Chemicals Market key players as per the research report:

1. DowDuPont (US)

2. Archroma (Switzerland)

3. Huntsman (US)

4. Tanatex Chemicals (Netherlands)

5. DyStar Group (Singapore),

6. Wacker Chemie AG (Germany)

7. Evonik Industries (Germany)

8. Rudolf Group (Germany)

9. Bozzetto Group (Italy)