Textile Chemicals Market Forecasts to 2028 – Global Analysis By Product Type (Coating and Sizing Chemicals, Dispersants/levelant, Colorants and Auxiliaries, Finishing Agents, Surfactants and Denim Finishing Agents), Fiber Type (Synthetic Fibers and Natura

Textile Chemicals Market Forecasts to 2028 – Global Analysis By Product Type (Coating and Sizing Chemicals, Dispersants/levelant, Colorants and Auxiliaries, Finishing Agents, Surfactants and Denim Finishing Agents), Fiber Type (Synthetic Fibers and Natural Fibers), Application and Geography

According to Stratistics MRC, the Global Textile Chemicals Market is accounted for $25.49 billion in 2022 and is expected to reach $37.61 billion by 2028 growing at a CAGR of 6.7% during the forecast period. Textile chemicals are used to treat textile material at various stages of production, from fibre pre-treatment to textile finishing. Washing, scouring, mercerizing, dyeing, printing, and finishing are all stages in the textile chemical manufacturing process. Textile chemicals have become critical for the textile and garment industries around the world because they play a critical role in producing pre-defined textile qualities. The scope of textile applications has extended across numerous industries throughout the years, increasing the use of these compounds.

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 between 2009 and 2018.

Market Dynamics:

Driver:

The rise in demand for apparel

Active wear, children's and adults' personal clothing, casual and formal attire, lingerie, undergarments, sportswear, and fashion accessories are some examples of apparel products (scarfs, belts, socks, etc.). The global increase in population and disposable income is driving up demand for garment products. Growing concern about safety, hygiene, and health is a crucial element that will almost certainly boost clothing demand in the near future. Clothing manufacture and consumption have traditionally been concentrated in China and India. Rapid economic expansion in both countries is expected to be essential in boosting the apparel industry throughout the projected period.

Restraint:

Effects on Environmental and human health

During the dyeing process, dye components that do not attach to the textile material are lost to the wastewater stream. The 10-15% dyes released into wastewater give an unattractive and brightly coloured appearance. Synthetic colours can pollute water, air, and land. The textile industry is estimated to produce the worst effluent of any industrial sector. Water containing dye absorbs light, interfering with aquatic creatures' capacity to photosynthesize. As a result, the water resource ecology is disrupted. When these toxic substances come into continuous contact with human skin, they can induce skin allergies and even catastrophic diseases.

Opportunity:

Adoption of sustainable chemicals in textile manufacturing

Due to stringent environmental restrictions and a dedication to long-term goals, most textile and chemical businesses are moving to green chemicals. Environmental rules are severely enforced in wealthy countries. Furthermore, emerging countries are formulating their goals for a sustainable future. As a result, possibilities for growth in the green textile chemical segment may exist during the projection period in both developed and emerging economies.

Threat:

Cyclic nature of textile industry

Industries that are sensitive to changing economic cycles are cyclic in nature. Because of the cyclical nature of their operations in relation to dynamic economic cycles, volatility in the capital market become greater in industries such as textiles and commodities. Textile stocks have been more volatile than huge benchmark indices. Furthermore, the basic materials for synthetic textiles are primarily produced from crude oil. As a result, fluctuations in the prices of oil and cotton are projected to have a negative influence on the textile industry's profit margins. The increase in raw material prices is projected to have a direct impact on cotton yarn and synthetic fibre makers. Thus, changes in crude oil prices and economic cycles constitute a significant danger to market participants in the textile chemical market.

Covid-19 Impact

Since the breakout of the COVID-19 virus, the disease has spread to practically every country on the earth, causing the World Health Organization to declare it a public health emergency. The textile chemicals sector is one of the few industries that benefits from the COVID-19 epidemic. Increased need for personal protective equipment has historically helped the textile industry (PPE). As the disease spreads, demand for personal protective equipment (PPE) in the medical, healthcare, food, and transportation sectors has increased. This is also expected to have a positive impact on the textile chemical market.

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. Colorants are dyes or pigments that add colour to textiles. Auxiliaries for dyeing and washing yarns and fabrics are known as dyeing auxiliaries. A fabric is dyed in numerous phases, including singeing, de-sizing, padding, scouring, bleaching, mercerizing, printing, and finishing. Different dyes are used depending on the fibre type. The most common dyes include sulfuric acid dyes, acetic acid dyes, bleaching agents, basic dyes, mordant dyes, azoic dyes, and vat dyes. As a result of the increased use of colourants and auxiliaries, the market for chemical textiles is expected to grow over the forecast period.

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

The apparel segment is anticipated to witness the fastest CAGR growth during the forecast period, due to numerous factors such as increased disposable incomes, the growing millennial and Gen Z population who are getting affected by social media and fashion stars, and the growing e-commerce business. Additionally, increased disposable income in emerging markets has resulted in a significant growth in demand for high-end clothes. As a result, rapid growth in the apparel industry is predicted to increase demand for textile chemicals.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the increased urbanisation, economic resiliency during the COVID-19 epidemic, and the upgrading of textile and chemical production processes. Additionally, the region's increasing apparel production is expected to fuel the growth of the product's market in Asia Pacific. China contributes for more than 60% of the regional market and over 35% of the world share. The region's considerable growth is owed primarily to its vast textile production capacity.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the increased demand for apparels. Furthermore, the growing number of automobiles produced, as well as the tendency toward more modern vehicles, drives the expansion of automotive textiles in the region. The region is an industrial hub for a variety of sectors, which encourages the usage of technological textiles in the region. The region is constantly creating innovative next-generation textile materials for defence, fashion, electronics, and other industries.

Key players in the market

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

Key Developments:

In February 2021, Dow introduced innovative, durable water-repellent finishing to enable increasingly sustainable textiles. DOWSIL IE-8749 Emulsion treatment improves fabric retention, and the finish does not need to be regularly heat-treated to restore its water repellency performance, which is a key advantage in the durability of the final product.

In June 2020, Dow had introduced a new generation hybrid binder for the formulation of water-borne screen printing inks, allowing for improved durability, colour brightness, and opacity in synthetic and natural fiber fabrics for the booming streetwear and sportswear sectors. When compared to conventional textile printing inks, the DOWSIL Print 041 Textile Printing Ink Binder provides drop-in, waterborne alternative formulations, combining great performance, cost-effectiveness, and enhanced sustainability.

Product Types Covered:
• Coating and Sizing Chemicals
• Dispersants/levelant
• Colorants and Auxiliaries
• Finishing Agents
• Surfactants
• Denim Finishing Agents

Fiber Types Covered:
• Synthetic Fibers
• Natural Fibers

Raw Materials Covered:
• Apparel
• Technical
• Home Furnishing
• 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