Textile Chemicals Market - Global Industry Analysis

Textile Chemicals Market

Textile Chemicals Market Size, Share, Growth, Applications, Trends, Forecast 2030

Category: Chemical & Materials Report Format : PDF Pages: 150 Report Code: ZMR-289 Published Date: Mar-2022 Status : Published
Market Size in 2021 Market Forecast in 2028 CAGR (in %) Base Year
USD 26.50 Billion USD 34.31 Billion 4.4% 2020

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Textile chemicals fall under the specialty class of chemicals, which consists of chemicals and intermediates. These intermediates are used in various stages of textile processing, such as preparation, dying, printing, and finishing. Textile chemicals are majorly used to enhance the impact of desired properties and the color of the fabric during the manufacturing process. 

Increasing usage of textile chemicals in the apparel sector is one of the major factors that have augmented the growth of the global textile chemicals market. The textile chemicals are largely used in the apparel industry to enhance the color quality of the cloth. Apparels are among the most exported products in the world. The apparel industry is also one of the fastest growing industries across the globe. The developing countries are increasingly investing in the international textile market and apparels market. China, India, and Turkey are some of the major sellers of the textile chemicals market. Moreover, the key players are contributing toward major developments, such as product launch, mergers, and research and development centers, to fuel the growth of this market. Additionally, governments are also supporting this market growth by opening various chemical factories, which, in turn, will further boost this market. Home furnishing is another leading market segment. Products like bed sheets, towels, curtains, and rugs are majorly made using textile chemicals to improve their quality. Moreover, the shifting focus toward soft furnishing is going to boost the fabric softener market in the furnishing application. However, it is the stringent environmental regulations regarding the disposal of textile effluents that are acting as a restraining factor for this market. Nevertheless, increasing demand for technical textiles is expected to provide ample growth opportunities to the key players of the global textile chemicals market.

Global Textile Chemicals Market

The global textile chemicals market is diversified based product type, application, and fiber type. By product type, the market for textile chemicals is divided into coating & sizing agents, colorant & auxiliaries, desizing agents, finishing agents, bleaching agent, surfactants,  and others. By application, this market is fragmented into apparels, home textile, technical textile, and others. The apparels are further sub-segmented into sportswear, intimates, and outerwear. The home textile is sub-segmented into bed linens, carpets, curtains, and others. The fiber type is sub-segmented into the natural and synthetic fiber. The natural fiber segment is further divided into cotton, wool, and others. The synthetic fiber segment is sub-segmented into polyester, polyamide, viscose, and others. 

The apparel segment is expected to be the most dominating end-user segment of the global textile chemicals market and is expected to grow at a high growth rate over the current forecast period. Moreover, rapid urbanization in the Asia Pacific is further expected to increase the demand for the textile chemicals market.

Based on region, the market is diversified intoNorth America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. Asia Pacific held the most significant share of the textile chemicals market in terms of volume in2017. This can be attributed to the growing apparels sector in the region. There is also significant growth in the furnishing, sportswear, healthcare, construction, and other industries.

Some key players operating in the global textile chemicals market are Archroma, Tanatex Chemicals, Huntsman, Dowdupont, Evonik Industries, WackerChemie AG, Rudolf Group, Bozzetto Group, Dystar Group, and AkzoNobel N.V., among others.

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