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Global Textile Chemicals Market - Industry Trends and Forecast to 2030

Chemical and Materials

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Global Textile Chemicals Market - Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Textile Chemicals Market - Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 27.88 Billion
Diagram Market Size (Forecast Year) USD 41.82 Billion
Diagram CAGR %

Major Markets Players

  • Dow Inc.
  • BASF SE
  • Huntsman Corporation
  • Archroma
  • Solvay S.A.

Global Textile Chemicals Market, By Process (Pre-treatment, Coating, Treatment of Finished Products, Product (Coating and Sizing Chemicals, Colorants and Auxiliaries), Application (Apparel, Technical Textiles) – Industry Trends and Forecast to 2030.

Textile Chemicals Market

Textile Chemicals Market Analysis and Size  

The global textile chemicals market refers to the industry involved in manufacturing and distributing chemicals used in various textile processes, including dyeing, finishing, and printing. These chemicals enhance the performance, appearance, and durability of textiles. Factors such as environmental regulations, sustainability concerns, and technological innovations influence this market's dynamics, with key players worldwide contributing to its growth and development.

Data Bridge Market Research analyses that the global textile chemicals market which was USD 27.88 billion in 2022, would rocket up to USD 41.82 billion by 2030, and is expected to undergo a CAGR of 5.2% during the forecast period of 2023 to 2030. “Colorants and Auxiliaries” dominates the type segment of the global textile chemicals market due to their vital role in achieving desired colors and patterns, alongside a rising demand for eco-friendly dyes. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Textile Chemicals Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Thousand, volume in Kilotons

Segments Covered

Process (Pre-treatment, Coating, Treatment of Finished Products, Product (Coating and Sizing Chemicals, Colorants and Auxiliaries), Application (Apparel, Technical Textiles)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America

Market Players Covered

Dow Inc. (U.S.), BASF SE (Germany), Huntsman Corporation (U.S.), Archroma (Switzerland), Solvay S.A. (Belgium), Lubrizol Corporation (U.S.), Clariant AG (Switzerland), Wacker Chemie AG (Germany), Kiri Industries Limited (India), Kemira Oyj (Finland), Huntsman Textile Effects (Singapore)

Market Opportunities

  • Innovative textile technologies
  • Expanding textile industry

Market Definition

The global textile chemicals market refers to the industry involved in the production, distribution, and application of various chemical substances and compounds used in the manufacturing of textiles. These chemicals serve a wide range of functions, including dyeing, printing, finishing, and enhancing the performance, appearance, and durability of textiles in sectors such as fashion, home furnishings, and industrial applications.

Global Textile Chemicals Market Dynamics

Drivers

  • Growing Demand in Textile Industry

The global textile chemicals market benefits from the robust expansion of the textile industry. Increasing demand for textiles in fashion, home furnishings, and industrial applications drives the need for textile chemicals

  • Eco-Friendly And Sustainable Textile Chemicals

Environmental concerns have led to a rising emphasis on eco-friendly and sustainable textile chemicals. This aligns with global efforts to reduce the environmental impact of the textile production process

Opportunities

  • Innovative Textile Technologies

The adoption of cutting-edge textile chemicals and technologies presents significant growth prospects. These innovations empower manufacturers to enhance product quality, creating high-performance textiles with improved durability, comfort, and aesthetics. This fosters differentiation in the market, attracting consumers seeking advanced textile solutions

  • Expanding Textile Industry

Developing nations experiencing rapid industrialization and urbanization are witnessing a surge in textile demand. These expanding textile industries offer untapped growth opportunities for the textile chemicals market. As these countries increase production capacities to meet rising demand, there is ample room for market expansion and investment in these emerging markets

Restraints/Challenges

  • Health Concerns Associated with Textile Chemicals  

The textile industry faces challenges related to health hazards associated with specific chemicals used in manufacturing. These concerns primarily revolve around the potential risks to both workers and consumers. To address these issues, there is a growing emphasis on stringent regulations and safety standards. Increased scrutiny and restrictions on the use of such chemicals aim to ensure the well-being of workers and end-users, reinforcing the importance of safety and compliance within the industry

  • Competitive Market

In the textile chemicals sector, manufacturers contend with fierce competition. This competitive landscape can exert pressures on pricing strategies, profit margins, and market share. Companies in the industry must continually innovate and offer value-added solutions to maintain their competitive edge. Success hinges on the ability to adapt to evolving market dynamics, customer preferences, and emerging technologies, all while sustaining profitability in a highly competitive environment

Recent Developments

  • In June 2023, Archroma and Somelos joined forces to advance sustainable cotton processing. Their collaboration aims to introduce a finishing process and a water-saving dye that eliminates wastewater generation. This initiative underscores their commitment to textile industry sustainability, developing eco-friendly solutions to conserve resources and promote environmental cleanliness
  • In May 2023, Evonik Industries AG unveiled TEGO®Cycle additives designed for converting plastic waste into valuable plastics. These additives encompass odor absorbers, antifoams, processing aids, and wetting agents, catering to the recycling needs of textile chemicals, facilitating their reutilization in a sustainable manner

Global Textile Chemicals Market Scope

The global textile chemicals market is segmented on the basis of process, product and  application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

By Process

  • Pre-treatment
  • Coating
  • Treatment of Finished Products

By Product

  • Coating and Sizing Chemicals
  • Colorants and Auxiliaries

By Application

Global Textile Chemicals Market Regional Analysis/Insights

The global textile chemicals market is analysed and market size insights and trends are provided by process, product, and application referenced above.

The countries covered in the global textile chemicals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific , Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America

Asia Pacific dominates the global textile chemicals market due to its vast textile industry, low production costs, rapid industrialization, export-oriented production, infrastructure investments, growing middle-class population, and increasing focus on eco-friendly chemicals.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Global Textile Chemicals Market Growth and New Technology Penetration

The global textile chemicals market also provides you with detailed market analysis for every country growth in global textile chemicals market, installed new production plant, impact of technology using life line curves and changes in global textile chemicals market regulatory scenarios and their impact on the global textile chemicals market. The data is available for historic period 2015 to 2020.

Competitive Landscape and Global Textile Chemicals Market Share Analysis

The global textile chemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company's focus related to global textile chemicals market.

Some of the major players operating in the global textile chemicals market are:

  • Dow Inc. (U.S.)
  • BASF SE (Germany)
  • Huntsman Corporation (U.S.)
  • Archroma (Switzerland)
  • Solvay S.A. (Belgium)
  • Lubrizol Corporation (U.S.)
  • Clariant AG (Switzerland)
  • Wacker Chemie AG (Germany)
  • Kiri Industries Limited (India)
  • Kemira Oyj (Finland)
  • Huntsman Textile Effects (Singapore)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Textile Chemicals Market will be worth USD 41.82 billion by 2030 during the forecast period.
The Textile Chemicals Market growth rate is 5.2% during the forecast period.
The Eco-Friendly And Sustainable Textile Chemicals & Growing Demand in Textile Industry are the growth drivers of the Textile Chemicals Market.
The process, product, and application are the factors on which the Textile Chemicals Market research is based.
Evonik Industries AG unveiled TEGO®Cycle additives designed for converting plastic waste into valuable plastics & rchroma and Somelos joined forces to advance sustainable cotton processing are the latest developments in the Textile Chemicals Market.
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