Textile Chemicals Market | Key players operating in the market include Dow, Inc., BASF SE, Wacker Chemie AG, Huntsman Corp, Solvay

Market Overview

Textile chemicals are primarily used in the manufacturing process from pre-treatment to finishing. The chemical properties enhance and optimizes the process and signify the texture and appearance.

The growth factors aid the Textile Chemicals Market in reaching its goal in the forecast period. The higher demand from the customers is leading to the development of apparel industries. The growing population is even a great cause behind the market’s development. The growing demand for home finishing products and the concern to use eco-friendly chemicals in textile industries drive the market’s growth. All these growth facts tend toward greater market opportunities in the growth period. 

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The advancement in the textile industry towards innovative efforts is enhancing the efficiency of the chemicals. Rapid industrialization, along with urbanization and infrastructure development, is letting consumers invest in advanced materials. There have been the major drivers of the global Textile Chemicals Market.

The change in lifestyle and fashion trends in the present generation with higher disposable income is propelling the market’s demand. The popularity of casual wear and smart clothing integrated with biodegradable materials in textile manufacturing will accelerate the market towards its goal.

The Textile Chemicals Market reached a value of USD 26.5 billion in 2018. It is estimated to acquire a CAGR of 4.5 % and a value of USD 36 billion by 2030 in the forecast period.

Market Segments

The Textile Chemicals Market is fragmented into fibre, product, and application types.

The fiber type is segmented into natural fiber and synthetic fiber. The natural fiber segment is categorized into cotton, wool, and others, and the synthetic fiber segment is further categorized into polyamide, viscose, polyester, and others.

The product type consists of coating and sizing agents, colourants and auxiliaries, surfactants, de-sizing agents, finishing agents, bleaching agents, flame retardants, softening agents, and others.

The application segment is segregated into home textiles, technical textiles, apparel, and others. The apparel segment is further segmented into sportswear, intimates, and outerwear. The home textiles segment is categorized into carpets, curtains, bed linens, and others.

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Regional Analysis

According to the geographical analysis, the Textile Chemicals Market covers the major regions of Europe, Asia-Pacific, the North American region, Latin America, and the Middle East & Africa.

Asia-Pacific has captured the largest market share in the past years due to the leading textile manufacturer’s higher consumption of textile chemicals. The rapid industrialization in this region with improving economic conditions is driving the regional market of this region. The government policies and the availability of cheap labour with a growing population are expected to accelerate the market demand in the region. 

The European and North American regions with large industrial base and higher demand for textile chemicals in sectors like healthcare, automotive, and construction industries is driving the market in these regions.

Industrialization in Brazil and Chile will enhance the product demand in Latin America in the forecast period. The presence of infrastructural hubs in UAE, GCC, and Saudi Arabia is propelling the use of textile chemicals usage in the construction industry in this continent.

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Industry News

In April 2022, The Stony Creek Colors, a natural dyestuff maker, is showing its expansion with the pigment maker Archroma to scale up plant-based indigo dye to an industrial scale. Archroma to implement Stony Creek’s natural indigo process in Salvatierra, Mexico. Indigo dye is derived from Indigofera bushes, which Stony Creek utilizes. This process is cost-effective and efficient.

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