According to IMARC Group latest report titled “Textile Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on textile chemicals market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global textile chemicals market size reached US$ 25.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 37.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
Textile chemicals are specialized compounds, formulated to enhance the functionality, performance, and aesthetics of fabrics. These chemicals are integral to various stages of textile production, from pre-treatment and dyeing to finishing and printing. Characterized by their ability to alter fiber properties, textile chemicals enhance durability, colorfastness, and comfort, making fabrics more suitable for their specific applications. The working mechanism of textile chemicals involves interactions at the molecular level, where they modify the physical and chemical properties of fibers to impart desired characteristics, such as water repellency, flame resistance, and shrink resistance.
Properties such as compatibility with different fabric types, environmental sustainability, and resistance to various washing and wearing conditions define the utility and effectiveness of these chemicals. The advantages of using textile chemicals include improved textile processing efficiency, enhanced fabric quality, and the ability to meet diverse consumer demands regarding performance and aesthetics.
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Market Trends:
The global market is primarily driven by the increasing demand for apparel due to the growing global population and expanding fashion industry. In line with this, the rising consumer expectations for high-quality, durable, and functional textiles are also providing an impetus to the market. Moreover, the textile industry's ongoing innovation in fabrics and fibers is acting as a significant growth-inducing factor for the market. In addition to this, the escalating demand for technical textiles in various applications, including automotive, healthcare, and construction, is resulting in a higher consumption of specialized chemicals. Besides this, the growing awareness and regulatory focus on sustainable and eco-friendly manufacturing practices are creating lucrative opportunities in the market for green chemicals.
Apart from this, strategic partnerships and collaborations among chemical manufacturers and textile producers are propelling the market. Some of the other factors contributing to the market include the expansion of e-commerce platforms facilitating easy access to a wide range of textiles, the growing disposable income levels enabling consumer spending on premium textiles, and significant investments in research and development activities to innovate and develop new chemical solutions that meet evolving industry requirements.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Archroma
- BASF SE
- CHT Group
- Dow Inc.
- Evonik Industries AG
- Huntsman Corporation
- Kiri Industries Limited
- OMNOVA Solutions Inc. (Synthomer plc)
- Solvay S.A.
- Tanatex Chemicals BV (Zhejiang Transfar Co. Ltd.)
- The Lubrizol Corporation (Berkshire Hathaway Inc.)
- Wacker Chemie AG
Textile Chemicals Market Segmentation:
Our report has categorized the market based on region, fiber type, product type and application.
Breakup by Fiber Type:
- Natural Fiber
- Synthetic Fiber
Breakup by Product Type:
- Coating and Sizing Chemicals
- Finishing Agents
- Colorants and Auxiliaries
- Surfactants
- Desizing Agents
- Others
Breakup by Application:
- Home Furnishing
- Apparels
- Industrial Textile
- Automotive Textile
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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