Textile Chemicals

Textile Chemicals Market Size To Accumulate USD 35.4 Billion By 2027

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The textile chemicals market size is estimated to reach US$ 35.4 billion by the end of 2027, registering a CAGR of 4.3% from 2020 to 2027.

The report provides the overall revenue of the global textile chemicals market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Textile chemicals are the bleaching agents, colorants, surfactants, finishing agents, desizing & sizing agents, and yarn lubricants. These are used during the weaving process of yarns at various stages to provide strength and attractive feature to the apparel or textile. With technological advancement in the textile manufacturing process, industry players have introduced smart textiles that offer dynamic functionalities. Furthermore, in some industry such as defense & military, apparel are designed with integrated chips, sensors, and other advanced features.

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Report Highlights

  • The Asia Pacific led the global textile chemicals market with significant revenue share in 2019 owing large population and exponential growth in apparel industry. Furthermore, increasing sales of passenger and commercial vehicles in the region again contributes significantly towards the positive growth of industrial textiles in the region.
  • Europe and North America are the most opportunistic regions in the global textile chemicals market. The key factors responsible for their exponential growth are prominent growth of automotive industry coupled with technological advancement in the apparel and industrial fabrics. The regions are the major importers for the textile chemicals from China.
  • By product, coating & sizing chemicals segment acquired the maximum revenue share in the global textile chemicals market in 2019. Coating & sizing offers strength and abrasion resistance during yarn weaving. However, dyes & dyestuffs anticipated to grow with the highest CAGR due to rising preference for non-toxic colorants and dyes.
  • In 2019, apparel segment dominated the global textile chemicals market and expected to continue its dominance during the forecast period. Increasing investments by the apparel manufacturers to attract maximum unique selling points for its products. Besides this, technical textile offer lucrative growth opportunity during the forecast period. The prime factor behind this is introduction of smart textiles for dynamic functionalities.

Growth Factors

Rapid growth in the apparel industry drives the textile chemicals market prominently. To explore more market opportunities market players are collaborating with the stakeholders in apparel industry value chain. Furthermore, a paradigm shift in the sustainable and responsible manufacturing has upended the market trend for types of textile chemicals. Presently, green and eco-friendly textile chemicals are the most preferred chemicals in the market. Furthermore, public awareness has also triggered the use of non-toxic and green dyes and colorants to remain safe from skin allergies and other diseases.

However, governments from various regions have imposed stringent regulation for the application of harmful chemicals such as chlorine bleach, VOCs, and formaldehyde in the manufacturing process of textile chemicals. This is largely attributed to the health problems to the industry workers that are exposed to these chemicals as some of them are highly toxic in nature. Hence, manufacturers have to develop sustainable solution for the textile manufacturing along with increased attention towards cost-effective feature.

Report Scope of the Textile Chemicals Market

Report Coverage Details
Market Size USD 35.4 Billion by 2027
Growth Rate CAGR of 4.3% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027
Segments Covered Product Type, Application Type, Region Type
Companies Mentioned Archroma, Lonsen Inc., Evonik Industries AG, Huntsman, Solvay, CHT Group

Regional Stance:

In 2019, the Asia Pacific dominated the global textile chemicals market with magnificent revenue share. Low production and labor cost supported by new technologies has resulted in the rapid growth of the region. China is the largest producer and consumer of textile chemicals across the world. It exports most of its products to North America and Europe. Besides this, India, Bangladesh, Vietnam, and Indonesia are some of the other major textile producing nations in Asia region. For instance, apparel and clothing export business in Bangladesh raised three folds between 2008 and 2018. Further, the textile industry contributes approximately 13% to the country’s GDP. According to Bangladesh Textile Mills Association (BTMA), total number of spinning mills in Bangladesh rose from 260 to 430 between 2006 and 2018.

However, Europe and North America project lucrative growth during the forecast period. Rising demand for technical textiles in the regions is the key factor that drives the market growth. The regions being technically advanced adapt new technologies easily and primarily than other regions. Therefore, disruption in automotive industry along with other industries such as fashion, manufacturing, and others prominently drives the demand for textile chemicals in the region.

Some of the prominent players in the textile chemicals market include:

  • Archroma
  • Lonsen Inc.
  • Evonik Industries AG
  • Huntsman
  • Solvay
  • CHT Group

Segments Covered in the Report

This research study analyzes and predicts revenue and growth trend of the market at global, regional, and country levels and offers an assessment of the newest industry trends in all of the sub-segments from 2016 to 2027. This report offers breakdown of global textile chemicals market on the basis of product, application, and region as follows:

By Product Outlook

  • Dyes & Dyestuff
    • Basic Dyes
    • Acid Dyes
    • Direct Dyes
    • Reactive Dyes
    • Disperse Dyes
    • Vat Dyes
    • Sulfur Dyes
    • Others (Azo Dyes and Mordant Dyes)
  • Coating & Sizing Chemicals
    • Defoamers
    • Wetting Agents
    • Others (Adhesives, Softening Agents, and Antimicrobial Agents)
  • Surfactants
  • Finishing Agents
  • De-sizing Agents
  • Yarn Lubricants
  • Bleaching Agents
  • Others (Leveling Agents, Scouring Agents, and Fixing Agents)

By Application Outlook

  • Technical Textiles
    • Geotech
    • Meditech
    • Agrotech
    • Others (Clothtech, Including Buildtech, and Hometech)
  • Home Furnishing Textiles
    • Furniture
    • Carpets & Rugs
    • Others
  • Industrial Textiles
  • Apparel

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Why Buy this Report?

The purpose of Precedence Research’s textile chemicals market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. Email: sales@flairinsight.com

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