Global Textile Chemicals Market by Application (Apparel, Home Furnishing), by Product (Colorants & Auxiliaries, Coating & Sizing, Surfactants, Finishing Agents) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global textile chemicals market value was valued at USD 23.62 Billion in 2018. It is projected to grow at a compound annual rate (CAGR of 4.5%) between 2019 and 2025. The rapid growth of the apparel industry is responsible for this significant increase in demand. Apparel shopping has seen a global boom due to rising disposable incomes and increased penetration of organised retail.

Fabrics are treated with textile chemicals to give them specific characteristics such as antimicrobial properties and wrinkle resistance. The manufacturing process can also produce harmful substances that could pose a threat to the environment or human health. A rapidly expanding textile industry will likely lead to water shortages and contamination. This could result in strict regulations regarding the use of these chemicals.

India is the second largest textile exporter in the world. Many dye companies have had to close down plants due to stringent Chinese environmental regulations. Indian companies have been able to enter the international market because of this. To encourage textile production in the country, there are a number of government initiatives. The Maharashtra state government took one of these initiatives to create nine textile parks in order to support the domestic manufacturing sector.

Indian manufacturers have switched to investing in product innovation, which is supported by the Make in India program. Aspirational youth in India, who make up the majority of the Indian population, is driving the demand for clothing with different textures and designs. The forecast period will see an increase in clothing demand due to rising consumer disposable income and increasing use of casual clothing.

Major manufacturing companies have begun to shift their focus towards green (bio-based), which are environmentally friendly. The production of green chemicals is done using animal and plant fats/oils. This makes them more eco-friendly as well as cost-efficient than their conventional counterparts. Due to low-cost feedstock, companies involved in the production of bio-based chemicals can compete on cost.

Currently, the raw materials used for producing these chemicals include acetic acid, peroxide, sulfuric acid, Polyvinyl Chloride (PVC), oxalic acid, Polytetrafluoroethylene (PTFE), and polychloroprene (neoprene). Ashland, Inc., Intertek, Chemsynth, and Rosneft all supply major raw materials to the manufacturers in the textile chemicals market.

Market players will face challenges in achieving profitability and economies-of-scale due to fluctuating raw material prices for surfactants and phenols. Because of their exceptional lubricating qualities, esters are a common raw material for various industrial textile auxiliary products. They are also used as surfactants. They can also be used as softeners and emulsifiers as well as antistatic agents.

Product Insights

As coating materials for textiles, long chain linear molecules called thermoplastic polymers are used. The largest market share for revenue in the forecast period is held by coating and sizing chemicals. Sizing chemicals are used to improve the abrasion resistance of yarn and increase its strength during weaving. Sizing chemicals can reduce the risk of weaving, such as yarn breaking or fraying during weaving. Over the forecast period, ingredients that provide greater abrasion resistance or flexibility to yarn will be in high demand.

The demand for eco-friendly dyeants is increasing due to the growing demand for natural dyes that are non-toxic in textile. Technological advancements and innovations in color production techniques have made natural dyes just as effective as synthetic ones. This opens up new markets for non-toxic dyes within the textile industry. For coloring fibers and leather like wool, silk, and cotton, natural dyes are used extensively. These products are expected to be in high demand due to increasing consumer preference for organic and non-allergic printed fabric materials. Colorants are mainly dyes such as disperse, reactive, and acids. For improving the colorfastness and durability of textiles, textile auxiliaries can be used.

Application Insights

The segment of technical textiles has seen significant growth in the past few years, and it is expected to continue growing at the same rate over the next few. Product consumption is expected to increase due to increased awareness about superior functionality and applications such as in the automotive, healthcare, and packaging sectors. The growth of Geotech and Mobiltech segments is expected to be aided by the rapid growth of the automotive industry and the growing acceptance of geotextiles.

Antimicrobial finishes are being used to make activewear and sportswear more popular. Textile chemicals prevent sweat stains from forming in clothing, such as socks, undergarments, T-shirts and other sports apparel. Apparel sales have been driven by affordable fashion and customizing. The apparel companies have a great opportunity to increase their bottom line by customizing products to meet consumer needs. The overall product application will see a significant increase in demand for custom solutions.

Regional Insights

The North American apparel market is expected to grow, which will lead to an increase in textile chemicals used in various stages of fabric production. Due to their wide use in a variety of applications, including chemical, manufacturing and medical, the market demand for technical textiles has been growing rapidly. This is expected to increase market growth. Imported textiles with low labor costs and a cheap infrastructure are threatening North America. Fabric production is dominated by quality and production cost.

Rapid growth has been achieved due to the lower production costs in Asia Pacific and the use of the most recent technologies. China is the world's largest producer and consumer of textile chemicals. Most of its products are exported to North America and Europe. The regulations in Asia are more relaxed than those in other regions, which has benefited the entire chemical manufacturing industry.

Market Share Insights & Key Companies

Because of their long-term advantages, the top players have chosen sustainable solutions. High-quality raw materials are procured by the players. To ensure the highest quality products, the raw materials are inspected.

Companies are more inclined to develop new products. As the demand for custom sportswear increases, companies are shifting to making chemical-free and environmentally-friendly products. The following are some of the major players in the textile chemicals industry:

• Sumitomo Chemicals Co. Ltd.

• The Lubrizol Corporation

• Kiri Industries Limited

• Evonik

• Kemira

• Tata Chemicals Ltd.

• Omnova Solutions Inc.

Up Market Research published a new report titled “Textile Chemicals Market research report which is segmented by Application (Apparel, Home Furnishing), by Product (Colorants & Auxiliaries, Coating & Sizing, Surfactants, Finishing Agents), By Players/Companies The Lubrizol Corporation, Sumitomo Chemicals Co Ltd, Evonik, Kemira, Tata Chemicals Ltd, Kiri Industries Limited, Omnova Solutions Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Textile Chemicals Market Report Segments:

The market is segmented by Application (Apparel, Home Furnishing), by Product (Colorants & Auxiliaries, Coating & Sizing, Surfactants, Finishing Agents).

Textile Chemicals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Textile Chemicals Market

Overview of the regional outlook of the Textile Chemicals Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Textile Chemicals Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Textile Chemicals Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Apparel

                2. Home Furnishing

                1. Colorants & Auxiliaries

                2. Coating & Sizing

                3. Surfactants

                4. Finishing Agents

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Textile Chemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
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• Understanding Competition Scenario
• Product & Brand Management
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• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Textile Chemicals Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.