Textile Chemicals Market Research Report - Global Forecast Till 2030

Textile Chemicals Market Global Information: by Fiber Type (Natural, Fiber), Product Type (Coating & Sizing Agent, Colorants & Auxiliaries, Finishing Agent), Application (Apparels, Home Textiles, Technical Textiles, Others) and Region Forecast till 2030

ID: MRFR/CnM/1531-HCR | February 2021 | Region: Global | 135 pages         

Textile Chemicals Market

The global textile chemicals market is projected to register a CAGR of 4.5%, reaching a value of USD 36 billion by the end of 2030.

Segmentation

Fiber Type Natural Fiber
Product Type Coating & Sizing Agent Colorants & Auxiliaries Finishing Agent
Application Apparels Home Textiles Technical Textiles

Key Players

  • Archroma
  • Huntsman International LLC
  • DowDuPont
  • Wacker Chemie AG
  • Evonik Industries
  • TANATEX Chemicals B.V.
  • Rudolf GmbH
  • GIOVANNI BOZZETTO S.p.A.

Drivers

  • Growing demand for home furnishing coupled with consumers rising disposable income
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Textile chemicals Market Synopsis:
Textile chemicals are used in the manufacturing process of textiles, starting from pre-treatment to finishing of textiles, to enhance and optimize the textile manufacturing processes for specific functionalities, texture, and appearance.


The global textile chemicals market was valued at USD 26.5 billion in 2018 and is projected to register a CAGR of 4.5%, reaching a value of USD 36 billion by the end of 2030.

The growth of the global textile chemicals market is primarily driven by the significant demand for home furnishing and technical textiles across the globe. The rising disposable income of the consumers has resulted in an increased home renovation activity, which is driving the demand for home textiles, thereby the demand for textile chemicals. The rising demand for commercial spaces due to the growth of the service industries such as information technology and telecommunications, banking, financial services, and insurance is leading to increased construction activities, which, in turn, is driving the demand for technical textiles such as upholstery, curtains, rugs, carpets, and table linens and contributing to the growth of the global textile chemicals market. The rise in the demand for technical textiles is attributed to the favorable government policies and initiatives boosting infrastructure spending, chemical manufacturing, and others. For instance, according to the US Census Bureau, the overall construction spending in the US stood at USD 1,246,000 million as of 2017, of which USD 276,510 million was spent on non-residential construction. Technical textiles are used in major end-use industries such as automotive, construction, packaging, health care, and agriculture.

The growth of these industries owing to rapid industrialization, infrastructure development, as well as consumer spending is expected to be one of the major drivers of the global market growth. Moreover, the constantly changing fashion trends and growing population coupled with the high disposable income of consumers are likely to drive the demand for casualwear and apparel during the forecast period. The introduction of advanced technologies, e.g., smart clothing, as well as growing adoption of low VOC and biodegradable materials in textile manufacturing,  are likely to offer lucrative opportunities for the manufacturers of textile chemicals.


Key Players


Some of the prominent players operating in the global textile chemicals market are Archroma (Switzerland), Huntsman International LLC (US), DowDuPont (US), Wacker Chemie AG (Germany), Evonik Industries (Germany), TANATEX Chemicals B.V. (Netherlands), Rudolf GmbH (Germany), GIOVANNI BOZZETTO S.p.A. (Italy), AkzoNobel NV (Netherlands), Kemin Industries (US), Covestro (Germany), OMNOVA Solutions Inc (US), FCL (India), Croda International Plc (UK), and Indofil (India).

Global Textile Chemicals Market Share, by Application, 2018 (%)  Textile Chemicals Market


Source: MRFR Analysis


Regional Analysis


The global textile chemicals market, by region, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.


Asia-Pacific accounted for the largest market share in 2018 on the backdrop of high consumption of textile chemicals as the region is a leading textile manufacturer. Moreover, rapid industrialization, improving economic conditions, supportive government policies, availability of cheap labor, and increasing exports coupled with a growing population and changing lifestyles in the region are driving the textile industry, which in turn is expected to fuel the demand for textile chemicals in the region. For instance, according to India Brand Equity Foundation, the country’s overall textile exports during 2017–2018 stood at USD 39.2 billion.


The large industrial base in European and North American regions coupled with the high demand for technical textiles in automotive, healthcare, and construction industries is expected to drive the regional market growth during the review period.


Industrialization in emerging economies such as Brazil and Chile are expected to drive the product demand in Latin America during the forecast period. The presence of infrastructural hub in GCC, UAE, and Saudi Arabia is likely to propel the demand for technical textiles used in the construction industry in the region, which, in turn, is expected to drive the demand for textile chemicals.


Segmentation


The global textile chemicals market has been segmented by fiber type, product type, application, and region.


By fiber type, the global market has been segmented into natural fiber and synthetic fiber. The natural fiber segment is further categorized into cotton, wool, and others, while the synthetic fiber segment is classified into polyester, polyamide, viscose, and others.


On the basis of product type, the global market has been divided into coating & sizing agent, colorants & auxiliaries, finishing agents, surfactants, de-sizing agents, bleaching agents, flame retardants, softening agents, and others.


Based on application, the global textile chemicals market has been segregated into apparels, home textiles, technical textiles, and others. The apparels segment has been further segmented into sportswear, intimates, and outerwear. The home textiles segment has been categorized into bed linens, carpets, curtains, and others.

Recent News

Jan 2022 Bangladesh is to implement national rules on the use of chemicals in the textile and apparel industries to protect employees and the environment better. The German development agency GIZ assists the Ministry of Commerce in developing the National Chemical Management Guidelines. It will guide textile and garment companies on effective chemical management in a country that now lacks a national policy or guidelines on the subject.

Jan 2022
Huntsman is conducting a strategic evaluation of its textile effects division, which might lead to a sale. The company creates wool, cotton, nylon, and polyester textile dyes. It is anticipated to generate approximately $600 million in sales in 2020, accounting for about 10% of its total revenue. In 2006, Huntsman acquired the company from Ciba Specialty Chemicals. It had considered spinning off the firm with its titanium dioxide division, Venator Materials, in 2017 but chose to maintain it.

July 2019
Twine Solutions (Israel) has developed a new textile dyeing system called Digital Selective Treatment (DST) which allows white thread to be constantly dyed during the textile process. This helps yield a range of diverse colors, preventing the need for batches of colored yarn.


Intended Audience



  • Textile Chemicals Manufacturers

  • Traders and Distributors of Textile Chemicals

  • Research and Development Institutes

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2018: USD 26.5 Billion
  • 2030: USD 36 Billion
  •   CAGR   4.5%(2018–2030)
      Base Year   2019
      Forecast Period   2020-2030
      Historical Data   2018
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Fiber Type, Product Type, Application and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Archroma (Switzerland), Huntsman International LLC (US), DowDuPont (US), Wacker Chemie AG (Germany), Evonik Industries (Germany), TANATEX Chemicals B.V. (Netherlands), Rudolf GmbH (Germany), GIOVANNI BOZZETTO S.p.A. (Italy), AkzoNobel NV (Netherlands), Kemin Industries (US), Covestro (Germany), OMNOVA Solutions Inc (US), FCL (India), Croda International Plc (UK), and Indofil (India).
      Key Market Opportunities   The rising disposable income of the consumers
      Key Market Drivers   Growing demand for home furnishing coupled with consumers rising disposable income


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    Frequently Asked Questions (FAQ) :

    The textile chemicals market is predicted to grow at a 4.85% CAGR between 2017-2025.

    The global textile chemicals market is predicted to touch USD 36 billion by 2025.

    Notable players profiled in the textile chemicals market include Indofil (India), Croda International Plc (UK), FCL (India), OMNOVA Solutions Inc (US), Covestro (Germany), Kemin Industries (US), AkzoNobel NV (Netherlands), GIOVANNI BOZZETTO S.p.A. (Italy), GIOVANNI BOZZETTO S.p.A. (Italy), Rudolf GmbH (Germany), TANATEX Chemicals B.V. (Netherlands), Evonik Industries (Germany), Wacker Chemie AG (Germany), DowDuPont (US), Huntsman International LLC (US), and Archroma (Switzerland).

    Asia Pacific is predicted to lead the barite market during the forecast period.

    Growing demand for home furnishing coupled with consumers rising disposable income are boosting the textile chemicals market growth.