Enjoy complimentary customisation on priority with our Enterprise License!
The textile chemicals market size is forecast to increase by USD 5.15 billion between 2022 and 2027, accelerating at a CAGR of 4.35%. In 2017, APAC held the largest market share, projecting an annual revenue of USD 2.15 billion.
The report includes a comprehensive outlook on the Textile Chemicals Market , offering forecasts for the industry segmented by Application, which comprises Apparel, Home textile, and Technical textiles. Additionally, it categorizes Products into Coating and sizing chemicals, Colorants and auxiliaries, Finishing agents, Surfactants, and Desizing agents and covers Geography regions, including APAC, North America, Europe, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2017 to 2021, and future projections, all presented in terms of value in (USD billion) for each of the mentioned segments.
To learn more about this report, Download Report Sample
Increasing use of technical textiles in the industrial manufacturing sector is a key factor boosting the market growth. Technical textiles find diverse applications in industries like construction, transportation, medicine, and more. They are used in manufacturing processes for surfaces, belts, filters, insulation, and electrical parts. Sectors such as automotive, building, and aviation utilize technical textiles, driving double-digit growth and contributing to the global economy.
The automobile industry is notably expanding, with India's sector predicted to grow by 12% CAGR, producing 75 million vehicles by 2025. Technical textiles are integral here, used in seat belts, airbags, and insulation due to their durability. As car safety measures increase, the global technical textile industry stands to benefit. This growing demand also spurs the textile chemicals market.
The market share growth by the apparel segment will be significant during the forecast period. The apparel segment includes affordable clothing, professional attire, sportswear, and statement luxury items. The apparel industry starts with the production of fibres and continues through bleaching, dying, and printing designs on fabrics in this process textile chemicals are used widely. To address the specific needs of the intended end-use, finishing chemicals are also finding significant penetration in the design and development of apparel. For example, antibacterial and dust-repellent clothing is becoming increasingly important in sportswear.
Because of the availability of high-end brands and limited-edition goods, they have improved with consumers' exposure to the Internet and e-commerce. The apparel industry's evolutionary pressure helps the market of textile chemicals due to rising consumer demand. In addition, clothing is a vital export good in many nations. More than 60% of the world's exports of clothing are fulfilled and made in developing nations. Therefore, the growing fashion trends and the expansion of the apparel industry are important drivers of the large-scale consumption of textile chemicals, as a result, this shows to drive the growth for the market in focus under the apparel segment during the forecast period.
APAC is estimated to contribute 52% to the growth of the global market during the forecast period.
In 2022, the Asia-Pacific (APAC) region dominated the global textile chemicals market, driven by established textile industries in countries like China, India, Bangladesh, and Vietnam. Rising demand for high-quality fabrics stems from growing industrial, automotive, and consumer preferences for comfortable and affordable clothing.
China, a global textile leader, witnessed steady growth, with major companies' operating revenue rising 3.1% YoY to CNY 3.86 trillion (USD 570 billion) in the first nine months of 2022. Increased spending on fashion, sportswear, and demographics bolstered sales.
India's textile and apparel sector is set to be worth USD 190 billion by 2025-2026, backed by 41% YoY export growth to USD 44.4 billion in FY 2022. Government initiatives and foreign investments, combined with abundant fiber options, position India for a positive turnaround. Technological advancements and investments in the textile industry are expected to drive growth in the regional textile chemicals market.
To understand geographic trends Download Report Sample
The Textile Chemicals Market is fragmented in nature. Some significant players include 3M Co and Archroma Management GmbH
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Associated British Foods Plc, BASF SE, Biotex Malaysia, Christeyns NV, Dow Chemical Co., Evonik Industries AG, Fibro Chem LLC, Huntsman International LLC, Kemira Oyj, Kiri Industries Ltd., Lanxess AG, Omya International AG, Organic Dyes and Pigments, Resil Chemicals Pvt. Ltd., Solvay SA, SURTECO GmbH, Syntha Group, and The Lubrizol Corp.
The textile chemicals market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
Textile Chemicals Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.35% |
Market growth 2023-2027 |
USD 5.15 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.19 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 52% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Archroma Management GmbH, Associated British Foods Plc, BASF SE, Biotex Malaysia, Christeyns NV, Dow Chemical Co., Evonik Industries AG, Fibro Chem LLC, Huntsman International LLC, Kemira Oyj, Kiri Industries Ltd., Lanxess AG, Omya International AG, Organic Dyes and Pigments, Resil Chemicals Pvt. Ltd., Solvay SA, SURTECO GmbH, Syntha Group, and The Lubrizol Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.