According to IMARC Group latest report titled “Textile Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on textile chemicals market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global textile chemicals market size reached US$ 24.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
Textile chemicals represent specialized chemical compounds that are utilized for pretreatment, processing, dyeing, and refining fabrics. They consist of proofing or water repellents agents, such as synthetic waxes, fluorocarbons (PFAS), silicones, etc. Textile chemicals also include detergents, emulsifiers, dye retarding or leveling compounds, rubbing fastness improvers, etc. They are incorporated in the bleaching, scouring, and printing steps to enhance the overall finish of textiles. These compounds provide crease, flame, wrinkle, and stain resistance properties to retain the prints and quality on fabrics. They offer exhibit antimicrobial properties to enhance the performance and lifespan of materials, reduce the occurrence of skin rashes, prevent the production of odors, etc. Textile chemicals deliver a clean white finish to the fabrics by applying optical brightening agents (OBA) of violet, red, and blue tints, which is essential for creating a blank slate to make vibrant patterns and prints.
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Market Trends:
The growing demand for apparel with trendy designs and prints is primarily driving the textile chemicals market. Additionally, the rising number of brands selling fashionable clothes at affordable prices is further bolstering the market growth. Besides this, the increasing inclination among clothing companies towards clean and sustainable bio-based textile chemicals that are non-toxic in nature is acting as another significant growth-inducing factor. Moreover, the inflating popularity of these chemicals in the manufacturing of several automobile fabrics, such as seat covers, seat belts, headliners, etc., is positively influencing the global market. Apart from this, the elevating usage of home décor items, such as carpets, curtains, bedsheets, etc., is anticipated to fuel the textile chemicals market over the forecasted period.
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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 (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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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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