Textile Chemicals Market

Global Textile Chemicals Market Outlook

The global textile chemicals market is estimated at USD 26.5 Billion in 2022 and is forecast to surpass USD 40.6 Billion by 2032, growing at a CAGR of 4.3% from 2022 to 2032.

The global textile chemicals market is likely to create an absolute dollar opportunity of USD 14.1 Billion by the end of 2032. The global textile chemicals market holds ~1% of the global chemicals market.

Report Attributes	Details
Base Year Value (2021A)	USD 25.5 Billion
Estimated Year Value (2022E)	USD 26.5 Billion
Projected Year Value (2032F)	USD 40.6 Billion
Global Growth Rate (2022-2032)	CAGR 4.3%
North America Market Share in 2021	~42%
North America Growth Rate (2022-2032)	CAGR ~4.6%
Collective Value Share (US, China, India) 2022: Top 3 Countries	~39%
Top 5 Companies Market Share in 2021	~23%
Key Companies Profiled	Archroma Huntsman International LLC Dow Wacker Chemie AG Evonik Industries AG Bozzetto Group Asutex Phong Phu International (PPJ) Achitex Minerva Other Market Players

2017-2021 Global Textile Chemicals Market Outlook in Comparison to 2022-2032 Growth Forecast

Chemicals that are used in various stages of textile processing, such as preparation, dyeing, printing, and finishing, are included in the class of textile chemicals. They are usually used to enhance and give desired properties and color to the fabrics when they are manufactured. Textile chemicals, including textile auxiliaries and textile colorants, hold nearly 2% of the overall specialty chemicals market.

The global textile chemicals market is primarily driven by advancements in the apparel industry. Rising investments in value-added treatments to apparel to achieve unique selling points (USPs) are projected to aid the textile chemicals market growth.

Besides the apparel industry, rising demand from the technical textiles sector, which includes textiles for automotive applications, medical, geotextiles, agro-textiles, protective clothing, and sporting, are expected to offer lucrative opportunities to the players of the textile chemicals market because of the increasing demand for smart textiles across the globe.

Fact.MR projects the textile chemicals market is expected to witness exhibiting growth at 4.3% CAGR during 2022 and 2032 in comparison to a CAGR of 2.8% with which it grew from 2017 and 2021.

Market Players Focusing on Sustainability

As a result of soaring environmental concerns, the demand for eco-friendly chemicals is expected to rise in textile chemicals market. Companies are looking for effective ways of reducing the volume of water and energy consumed during various stages of textile processing. Driven by this, the textile chemicals market is witnessing a shift from conventional textile chemicals to environment-friendly ones. There is immense focus on the production of green chemicals using plant and animal fat/ oils. Companies also are able to offer greater cost competitiveness as they shift to the production of bio-based chemicals.

Spurred by these factors, white biotechnology that has emerged as an aid to reduce water consumption and green gas effect in the textile industry. The advent of this approach has led to widespread use of bio dyes or natural dyes. Unlike traditional textile chemicals, bio-dyes do not cause harm to workers in the industry. Also, they are cost-effective, eco-friendly, and safer. The rising use of eco-friendly chemicals is indicative of increasing focus on adoption of sustainable approaches among the market players.

Manufacturers Adopting Sustainable Approaches

Owing to the continuously increasing population and their changing lifestyles, have increased textile consumption and propelled the growth of the textile industry. This has also led the leading manufacturers engaging in R&D initiatives and mergers and acquisitions. Manufacturers in the textile chemicals market are adopting sustainable approaches to curb the emission and expenditure. For instance, cotton textile manufacturers are increasingly adopting non-aqueous dyeing as it requires a little amount of water.

Some of the textile manufacturers are concentrating on the development of new textiles with smart functions that involve the use of high-performance protective materials, nanotechnology and biotechnology know-how, specialty coating and lamination formulas, and ink-jet printing processes. For instance, Purolite has launched an innovative textile chemicals resin simulation platform which they named Purolite Resin System Modeling (PRSM™) platform. It is a free cloud-based program that outlines all viewpoints of plant design connected with ion exchange resin performance and handling.

Textile Chemicals Market Insights by Application

Based on application, the market is led by the apparels textiles segment. Growth witnessed by the segment is due to the increasing disposable income and the growing population which has led to the rising demand for apparel, particularly for sportswear and casual wear. This, in turn, is fueling the demand for textile chemicals in the apparels textiles segment.

Textile Chemicals Market Insights by Fiber

According to Fact.MR, the synthetic segment is projected to dominate the market. This dominance is attributable to the low production cost and higher performance of synthetic fibers than that of natural fibers.

Based on product, the coating & sizing chemicals segment is expected to lead the market. Growth observed in the segment is due to the rising demand for these agents in the pre-treatment stage of the textile processing chain. These agents increase the strength and abrasion resistance of yarns which is further boosting their demand.

Increasing Wastewater Due to Insoluble Dyes Restraining Growth

Traditional dyes consume large amount of water and are insoluble. This often leads to wastage of water, which could limit the growth of the market to an extent. Besides higher water consumption, traditional textile chemicals may harm workers in the industry owing to the emission of toxic substances. Threat of toxicity and concerns pertaining to safety of workers are hampering growth of the market.

Regional Outlook of Textile Chemicals Market

Asia Pacific is anticipated to be the most lucrative market for textile chemicals through the forecast period. Growth of the region is attributable to the extensive demand for textiles from the apparel and the home furnishing sectors in emerging economies, such as India and China. Furthermore, favorable government initiatives in the region are contributing to the growth of the chemical industry.

For instance, in India, the “Make in India” initiative is forecast to play a major role in making the country a production hub for chemicals, particularly specialty chemicals. Furthermore, government concessions to small-sized businesses and the emergence of numerous relatively low-cost manufacturing avenues such as Vietnam, Bangladesh, and Indonesia in Asia Pacific are driving the market. However, the rising labor charges in the region are limiting the growth of this market.

North America is one of the key regions accounting for a sizeable share in the market. Research and development initiatives adopted by key players in the region due to restrictions imposed on the usage of traditional chemicals are paving the way for environment-friendly textile chemicals in North America.

However, companies operating in North America are facing competition from imported textiles that are manufactured with low labor charges and in economic infrastructure. Thus, production cost and quality have become the key concerns for the region.

The Europe market as well is heading towards a greener approach supported by stringent administrations of the region and initiatives by the European Union (EU). Europe is projected to hold a position among top three regions during the forecast period which is attributable to the rising significance of geotextiles in the region.

Competitive Landscape: Top Companies in Textile Chemicals Market

The global textile chemicals market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of textile chemicals.

Fact.MR has provided detailed information about price points of key manufacturers in textile chemicals market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

• Dow in 2021 in order to enable sustainable textiles introduced innovative durable water-repellent finishing to improve fabric retention. One of the key advantage being offered is that it does not require the heat-treatment to restore water repellency performance
• Phong Phu International (PPJ) and Huntsman Textile Effects partnered in 2020 to endorse the growth of Phong Phu International as a leading manufacturer of high-performance garments and textiles

Global Textile Chemicals Market by Category

• By Product Type

  • Coating and Sizing Agents
  • Colorants and Auxilliaries
  • Finishing Agents
  • Surfactants
  • Desizing Agents
  • Bleaching Agents
  • Other Product Types

• By Fiber Type

  • Natural Fiber
  • Synthetic Fiber

• By Application

  • Apparel
  • Home Textile
  • Automotive Textile
  • Industrial Textile
  • Other

• By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA