Technical Textile Chemical Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027

Technical Textile Chemical Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027

The global technical textile chemical market was valued at USD8.6 billion in 2021. The market is projected to register a CAGR growth of over 4.6% during the forecast years, 2023-2027, owing to the factors like surging demand for technical textiles for the home furnishing & decoration sector and rising demands for the commercial spaces. Besides, increasing industrialization and globalization and expanding service-based industries like information technology and telecommunications, banking, financial services, and insurance are positively contributing to the growth of the global technical textile chemical market.

Technical textile chemicals are substances used in the production of several types of technical textiles. Technical textiles are created for functional, rather than aesthetic reasons, and are produced according to their intended use. Technical textile materials are frequently used in spacesuits, stab- and bulletproof vests, molten metal protection for welders, filter clothes, and other products.

The uses for technical textiles are very varied. Technical textiles are categorized according to how well-suited they are for a given sector. Technical textiles are most commonly used in the following sectors: agricultural (agrotextiles), construction (construction textiles), apparel (clothing textiles), geotech (geotextiles), and home technology (home textiles), healthcare (medicare textiles), etc.

Enhancing personal safety is one of the technical textile's key features. The materials were highly utilized to make PPE suits in the most recent pandemic incident. The need for the same has increased dramatically over the last two years. The growing demand for technical fabrics is a clear indication that the public is becoming increasingly concerned about health issues and the threat that the pandemic poses to human life. Thus, it is projected that the global technical textile chemical market will expand during the next five years due to the rapid surge in demand for technical textiles.

The global technical textile chemical market segmentation is based on material type, fibers, application, end-use, regional distribution, and competitive landscape. Based on the end-use, the market is sub-segmented into hygiene & medicals, furniture & upholstery, automobiles, building and construction, sports & leisure, personal protection, Agri & forestry, and others. The furniture & upholstery segment is anticipated to register the highest growth in the market, owing to the rising demand for products in the household sectors and increase in residential construction activities.

Key players operating in the global technical textile chemical market are The Dow Chemicals Company, BASF SE, Huntsman International LLC, Archroma, E.I. du Pont de Nemours and Company, DyStar Colours Deutschland GmbH, Lubrizol Corporation, Eastman Chemical Company, 3M Company, Bayer MaterialScience AG, Lanxess AG, Sumitomo Chemicals, among others.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022

Forecast Period: 2023–2027

Objective of the Study:

• To analyze the historical growth in the market size of the global technical textile chemical from 2017 to 2021.
• To estimate and forecast the market size of global technical textile chemical market from 2023 to 2027 and growth rate until 2027.
• To classify and forecast the global technical textile chemical market based on material type, fibers, application, end use, region, and company.
• To identify the dominant region or segment in the global technical textile chemical market.
• To identify drivers and challenges for the global technical textile chemical market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global technical textile chemical market.
• To identify and analyze the profiles of leading players operating in the global technical textile chemical market.
• To identify key sustainable strategies adopted by market players in global technical textile chemical market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of the Global technical textile chemical market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global technical textile chemical market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Technical Textile Chemical Market, By Material Type:
• Coating and Sizing Chemicals
• Colorants and Auxiliaries
• Finishing Agents
• Others
• Technical Textile Chemical Market, By Fibers:
• Regular
• High Tenacity
• High Performance
• Special Performance
• Others
• Technical Textile Chemical Market, By Application:
• Cloth-tech
• Sport-tech
• Pro-tech
• Home-tech
• Indu-tech
• Med-tech
• Mobile-tech
• Build-tech
• Technical Textile Chemical Market, By End Use:
• Hygiene & Medicals
• Furniture & Upholstery
• Automobiles
• Building and Construction
• Sports & Leisure
• Personal Protection
• Agri & Forestry
• Others
• Technical textile chemical Market, By Region:
• North America
• United States
• Mexico
• Canada
• Europe & CIS
• France
• Germany
• United Kingdom
• Italy
• Spain
• Russia
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Vietnam
• Indonesia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Egypt
• Iran
• South America
• Brazil
• Argentina
• Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global technical textile chemical market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights