Textile Chemicals Market Forecasts to 2028 – Global Analysis By Fiber Type (Synthetic Fiber, Natural Fiber and Other Fiber Types), Product Type, Application and By Geography

Textile Chemicals Market Forecasts to 2028 – Global Analysis By Fiber Type (Synthetic Fiber, Natural Fiber and Other Fiber Types), Product Type, Application and By Geography

According to Stratistics MRC, the Global Textile Chemicals Market is accounted for $25.3 billion in 2022 and is expected to reach $37.4 billion by 2028 growing at a CAGR of 6.7% during the forecast period. Textile chemicals are a broad category of chemicals used in the production of clothes. They are frequently used in textile pre-treatment, which includes dyeing, printing, and finishing. Pre-treatment comprises de-sizing, scouring, bleaching, and mercerizing. They provide fabrics additional colour, softness, perspiration absorption, attractive texture, and finish. Moreover, they impart antibacterial and water-repellent properties, as well as flame, crease, wrinkle, and stain resistance to the completed product.

According to the India Brand Equity Foundation, over US$ 4 billion was invested in the textile sector. According to the U.S. Census Bureau, Annual Capital Expenditure Survey, in the overall textile industry, the total capital investment resulted in around US$ 18.7 billion.

Market Dynamics

Driver:

Growing demand for textiles

Textile chemicals are plainly employed as colorants and finishing agents in various container materials. As a result, the production rate will increase as the demand for technology textiles develops, which is strengthening the sector. Market expansion will be fuelled by rising levels of disposable income and rapid urbanisation. The rising demand for improved home furnishing and other household products will influence the growth rate of the market.

Restraint

Stringent environmental regulations

Increasing stringent regulations are being imposed that mandate release of cleaner mill waste-water to minimize the effect. These regulations emphasized the importance of recovery and reuse operations, thereby, adding to the cost. These stringent regulations are making companies focus on developing products which restrict their market operations.

Opportunity

Growing adoption of biodegradable materials

Dyes make up a significant portion of the textile chemicals used in the production of textiles. Consumer awareness of the benefits of buying eco-friendly clothing and accessories is rising. The manufacturers are choosing eco-friendly clothing dyeing techniques and low VOC technology. Also, customers are prepared to pay more for such goods. Thus, growing adoption of biodegradable chemicals is propelling the growth of the segment.

Threat

Environmental & human health Effects

The wastewater released through the textile industry is considered to be the most polluting of all industrial sectors, which in turn disrupts the ecosystem of water resources. During the dyeing process, the dye components that do not bond to textile material are lost to the wastewater stream. Therefore, strict regulations have been imposed on these chemicals and specialty chemicals are the major factors hindering the market growth.

Covid-19 Impact

The covid-19 pandemic is projected to have a significant impact on production, which would slow the development rate of the global market for textile chemicals. Material, personnel, and other significant cost elements of construction projects have been impacted by the pandemic. In many Asian countries that produce textile chemicals, the pandemic has forced a halt to manufacturing. Due to the slowing of operations in many industrial facilities, all these variables have caused disruptions in the market's supply chain.

The colorant & auxiliaries segment is expected to be the largest during the forecast period

The colorant & auxiliaries segment is estimated to have a lucrative growth, due to its utilization. Auxiliaries for dyeing are mostly used for washing and dying. These substances are used to stabilise the application medium, enhance the fastness properties of dyeing, and prepare and change the substrate for colouring. Auxiliaries that are crucial include, among others, carriers, sequestering agents, peroxide killers, anti-foaming, and anti-pilling agents.

The apparel industries segment is expected to have the highest CAGR during the forecast period

The apparel industries segment is anticipated to witness the fastest CAGR growth during the forecast period, due to changing consumer trends. Clothing manufacture makes considerable use of textile chemicals. In addition, rising disposable income in emerging economies has increased demand for clothing, particularly luxury clothing. Increasing the production of apparel to meet rising demand from the growing population is the key driver for the growth of the segment.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the presence of leading textile manufacturers. Less stringent rules and regulations by government also drive the market. In addition, availability of cheap labour and growth in number of R&D centers is directly promoting the growth of apparel industries. Moreover, bulk availability of raw materials, low-cost labour, and low production cost are some of the driving factors for the growth of the market.

Region with highest CAGR

Europe is projected to have the highest CAGR over the forecast period, owing to adoption of digitalization and sustainability. A few of the elements influencing the region's economic expansion are supportive legislation, pay increases, and constant job creation. But it is predicted that strong supply chains will be developed and that the government will provide favourable support would help the sector grow more quickly.

Key players in the market

Some of the key players profiled in the Textile Chemicals Market include Solvay S.A. , Evonik Industries AG, German Chemicals Ltd., Huntsman International LLC, OMNOVA Solutions Inc., Kiri Industries Ltd., Resil Chemicals Pvt. Ltd., Organic Dyes and Pigments, Archroma, BioTex Malaysia, BASF SE, AB Enzymes, Kemira Oyj, Omya United Chemicals, Fibro Chem, LLC, LANXESS, Ethox Chemicals, LLC, Govi N.V., Wacker Chemie AG and Dow.

Key Developments

In February 2021, Dow introduced innovative durable water-repellent finishing enabling increasingly sustainable textiles. DOWSIL IE-8749 Emulsion treatment improves fabric retention. Further DOWSIL IE-8749 Emulsion finish does not need to be regularly heat-treated to restore the water repellency performance.

In December 2020, Wacker launched renewables-based silicone sealants through its ELASTOSIL eco brand. It is the first approach that encompasses and compensates all fossil-based raw materials and additives in the product formulation by using bio-based methanol.

Fiber Types Covered:
• Synthetic Fiber
• Natural Fiber
• Other Fiber Types

Product Types Covered:
• Finishing Agents
• Colorants and Auxiliaries
• Surfactants
• Yarn Lubricants
• Coating and Sizing Chemicals
• Bleaching Agents
• Desizing Agents
• Other Product Types

Applications Covered:
• Apparel Industries
• Home Furnishing
• Technical Textile
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements