Global Textile Chemicals Market

Textile Chemicals Market Size, Share, Growth Analysis, By Product type(Coating and sizing chemicals, colorants and auxiliaries, Fishing agents, surfactants), By Application(Home textiles, technical textile, apparel, automotive), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15E2153 | Region: Global | Published Date: July, 2024
Pages: 184 |Tables: 68 |Figures: 75

Textile Chemicals Market Insights

Global Textile Chemicals Market size was valued at USD 25.01 billion in 2022 and is poised to grow from USD 26.19 billion in 2023 to USD 37.81 billion by 2031, growing at a CAGR of 4.70% during the forecast period (2024-2031).

Textile Chemicals are becoming popular since They are widely used in the production of textiles, including dyes, finishing agents, and processing aids. The various advantages that textile chemicals offer are the improved quality, increase efficiency, expand the product range, cost saving, and competitive advantages.

Textile chemicals have the potential to enhance the quality and performance of textiles by improving their durability, resistance to stains, and comfort level. Fabrics that undergo chemical treatment can withstand wear and tear, reducing the need for frequent replacement and prolonging their lifespan. Chemicals can also make textiles more resistant to stains, making them easier to clean and maintain their appearance over time. Additionally, chemical finishing agents can impart softness and smoothness to fabrics, enhancing their comfort level and making them more appealing to consumers. With the help of textile chemicals, manufacturers can produce high-quality textiles that meet the demands of consumers and stand out in a competitive market. Along with this the various applications of textile chemicals can enable the production of a diverse range of textiles, including products that are environmentally sustainable, innovative, and functional. Chemical treatments can provide textile materials with unique properties, such as antimicrobial or water-resistant capabilities, that enhance their functionality and appeal. Moreover, the use of sustainable chemical processes and materials can create textiles that are environmentally friendly and contribute to the overall sustainability of the textile industry. By incorporating chemical innovations into their manufacturing processes, textile producers can develop new and improved products that meet the evolving demands of consumers and are at the forefront of industry trends. This market plays a vital role in enabling the production of a diverse range of textiles that are functional, innovative, and environmentally sustainable.

US Textile Chemicals Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 25.01 billion

Largest Segment

colorants and auxiliaries

Fastest Growth

colorants and auxiliaries

Growth Rate

4.70% CAGR

Global Textile Chemicals Market ($ Bn)
Country Share for Asia pacific Region (%)

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Textile Chemicals Market Segmental Analysis

Global Textile Chemicals market is segmented on the basis of Product type, application, and region. By Product type, the Textile Chemicals Market is segmented into Coating and sizing chemicals, colorants and auxiliaries, Fishing agents, surfactants, and others. By Application, the Textile Chemicals Market is segmented into Home textiles, technical textile, apparel, automotive textile, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Textile Chemicals Market Analysis by Application

The apparel segment, encompassing clothing, sportswear, and accessories, was the leading segment in the textile chemical market, followed by the home furnishing segment, which includes curtains, bed linen, and carpets.

In recent times, there has been a surge in the demand for sustainable and environmentally friendly textile chemicals, due to the heightened awareness of consumers regarding environmental issues. This has spurred the development of new technologies and products aimed at reducing the environmental impact of textile production, making the sustainable textile chemical segment a potential contender for the fastest-growing segment in the coming years.

Global Textile Chemicals Market By Product type, 2023 (%)

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Textile Chemicals Market Regional Insights

The Asia-Pacific region had the highest market share in the textile chemical industry, indicating its dominance in the global market. This was due to the presence of major textile-manufacturing countries such as China and India, coupled with the region's economic growth and population expansion that boosted textile demand.

Moving forward, emerging economies in Latin America were expected to display substantial growth in the textile chemical market. This projection was based on the increasing production of textiles in the region and the rising demand for textile products, indicating a potential opportunity for market expansion in the area.

Global Textile Chemicals Market By Region, 2024-2031
  • Largest
  • Fastest

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Textile Chemicals Market Dynamics

Textile Chemicals Market Drivers

Growing Demand for Textile Products to Bolster Market Growth

  • With the rise in population, urbanization, and consumer incomes, the demand for textile products is on the rise. This growth in demand is particularly evident in emerging markets, where rapid urbanization and industrialization are driving the demand for textiles used in construction, clothing, and household goods. As a result, there is a corresponding increase in the need for textile chemicals that can enhance the quality and functionality of these products.

Textile Chemicals Market Restraints

Environmental Concerns to Hinder Market Growth

  • The textile industry is considered one of the most polluting industries due to its significant contribution to environmental pollution. The production of textiles involves the use of various chemicals, which pose a severe threat to the environment. These chemicals can contaminate the air, water, and soil, leading to adverse effects on both human health and the environment. Governments across the world have implemented regulations to limit the use of harmful chemicals in textile production. These regulations aim to reduce the environmental impact of textile chemicals and promote sustainable practices in the textile industry. However, these regulations may limit the growth of the textile industry, as companies may face increased costs to comply with the new rules.

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Textile Chemicals Market Competitive Landscape

The textile chemical industry is highly competitive, with numerous players operating in the market. Each player is striving to gain a competitive edge over others, resulting in intense competition. The key market players are engaged in continuous research and development activities to develop new and innovative textile chemicals that can meet the evolving needs of the industry. The growth of the textile chemical market is primarily driven by the increasing demand for textiles across various industries, including fashion, healthcare, and automotive. Factors such as a rising population, growing disposable income, and changing fashion trends are fueling the demand for textiles, leading to the growth of the market. However, the textile chemical market also faces several challenges, including the increasing awareness of the environmental impact of textile chemicals. The use of hazardous chemicals in textile production has resulted in environmental pollution, leading to concerns among consumers and regulatory bodies. The implementation of stricter regulations aimed at reducing the environmental impact of textile chemicals could limit the market's growth. To overcome these challenges, the market players are focusing on developing sustainable and eco-friendly textile chemicals that cater to the changing needs of the industry. They are investing in research and development activities to create new and innovative textile chemicals that provide better performance and durability.

Textile Chemicals Market Top Player’s Company Profiles

  • Archroma
  • BASF SE
  • Huntsman Corporation
  • Lubrizol Corporation
  • DyStar Group
  • Kemin Industries
  • Solvay SA
  • The Dow Chemical Company
  • Evonik Industries AG
  • Clariant International AG
  • Omnova Solutions Inc.
  • Covestro AG
  • Bozzetto Group
  • Tanatex Chemicals B.V.
  • Pulcra Chemicals GmbH
  • Zhejiang Longsheng Group Co., Ltd.
  • Textile Rubber and Chemical Company, Inc.
  • Buckman Laboratories International, Inc.
  • Croda International Plc
  • Milliken & Company

Textile Chemicals Market Recent Developments

  • In February 2023, Archroma, a prominent provider of sustainable specialty chemicals and solutions for various industries including textiles, packaging, paper, and paints, announced the successful acquisition of the Textile Effects business from Huntsman Corporation, a leading chemical company. The transaction has been completed and the Textile Effects business now falls under the ownership of Archroma.

Textile Chemicals Key Market Trends

  • The textile industry is witnessing a growing adoption of smart textiles, which is driving the development of new textile chemicals that can improve the properties of these textiles. These chemicals are designed to enhance the conductivity, flexibility, and durability of smart textiles, thereby meeting the changing needs of the industry.

Textile Chemicals Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

After conducting an analysis of the global Textile Chemicals market, we anticipate significant growth during the forecast period, primarily due to its numerous benefits. These advantages include improved product quality, increased efficiency, expanded product range, cost savings, and competitive advantages. The demand for textile chemicals is rising rapidly in emerging markets, where urbanization and industrialization are driving the need for textiles used in construction, clothing, and household goods. This has resulted in a corresponding increase in demand for textile chemicals that can enhance the quality and functionality of these products.

Despite the growth potential, the textile industry is facing challenges in the form of government regulations. Governments across the globe are implementing regulations to restrict the use of harmful chemicals in textile production to reduce the environmental impact of textile chemicals and promote sustainable practices in the industry.

Report Metric Details
Market size value in 2023 USD 25.01 billion
Market size value in 2031 USD 37.81 billion
Growth Rate 4.70%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product type
    • Coating and sizing chemicals, colorants and auxiliaries, Fishing agents, surfactants, and others
  • Application
    • Home textiles, technical textile, apparel, automotive, textile, and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Archroma
  • BASF SE
  • Huntsman Corporation
  • Lubrizol Corporation
  • DyStar Group
  • Kemin Industries
  • Solvay SA
  • The Dow Chemical Company
  • Evonik Industries AG
  • Clariant International AG
  • Omnova Solutions Inc.
  • Covestro AG
  • Bozzetto Group
  • Tanatex Chemicals B.V.
  • Pulcra Chemicals GmbH
  • Zhejiang Longsheng Group Co., Ltd.
  • Textile Rubber and Chemical Company, Inc.
  • Buckman Laboratories International, Inc.
  • Croda International Plc
  • Milliken & Company
Customization scope

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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Textile Chemicals Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Textile Chemicals Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Textile Chemicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Textile Chemicals Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Textile Chemicals Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Textile Chemicals Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Textile Chemicals Market size was valued at USD 25.01 billion in 2022 and is poised to grow from USD 26.19 billion in 2023 to USD 37.81 billion by 2031, growing at a CAGR of 4.70% during the forecast period (2024-2031).

The textile chemical industry is highly competitive, with numerous players operating in the market. Each player is striving to gain a competitive edge over others, resulting in intense competition. The key market players are engaged in continuous research and development activities to develop new and innovative textile chemicals that can meet the evolving needs of the industry. The growth of the textile chemical market is primarily driven by the increasing demand for textiles across various industries, including fashion, healthcare, and automotive. Factors such as a rising population, growing disposable income, and changing fashion trends are fueling the demand for textiles, leading to the growth of the market. However, the textile chemical market also faces several challenges, including the increasing awareness of the environmental impact of textile chemicals. The use of hazardous chemicals in textile production has resulted in environmental pollution, leading to concerns among consumers and regulatory bodies. The implementation of stricter regulations aimed at reducing the environmental impact of textile chemicals could limit the market's growth. To overcome these challenges, the market players are focusing on developing sustainable and eco-friendly textile chemicals that cater to the changing needs of the industry. They are investing in research and development activities to create new and innovative textile chemicals that provide better performance and durability. 'Archroma', 'BASF SE', 'Huntsman Corporation', 'Lubrizol Corporation', 'DyStar Group', 'Kemin Industries', 'Solvay SA', 'The Dow Chemical Company', 'Evonik Industries AG', 'Clariant International AG', 'Omnova Solutions Inc.', 'Covestro AG', 'Bozzetto Group', 'Tanatex Chemicals B.V.', 'Pulcra Chemicals GmbH', 'Zhejiang Longsheng Group Co., Ltd.', 'Textile Rubber and Chemical Company, Inc.', 'Buckman Laboratories International, Inc.', 'Croda International Plc', 'Milliken & Company'

With the rise in population, urbanization, and consumer incomes, the demand for textile products is on the rise. This growth in demand is particularly evident in emerging markets, where rapid urbanization and industrialization are driving the demand for textiles used in construction, clothing, and household goods. As a result, there is a corresponding increase in the need for textile chemicals that can enhance the quality and functionality of these products.

The textile industry is witnessing a growing adoption of smart textiles, which is driving the development of new textile chemicals that can improve the properties of these textiles. These chemicals are designed to enhance the conductivity, flexibility, and durability of smart textiles, thereby meeting the changing needs of the industry.

The Asia-Pacific region had the highest market share in the textile chemical industry, indicating its dominance in the market. This was due to the presence of major textile-manufacturing countries such as China and India, coupled with the region's economic growth and population expansion that boosted textile demand.

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Global Textile Chemicals Market

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