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 ontextile chemicals marketreport. 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 themarket to reach US$ 32.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
What are textile chemicals?
Textile chemicals represent heterogeneous compounds that are used during the process of manufacturing clothes. They are generally added in the pre-treatment of textiles, which includes de-sizing, scouring, bleaching, mercerizing, dyeing, printing, and finishing the overall process. These chemicals provide color, softness, sweat absorbency, and desired texture to fabrics. They also offer flame, crease, wrinkle and stain resistance, and antimicrobial and water-repellant properties to the final product. Some of the commonly utilized textile chemicals are biocides, flame retardants, warp sizes, bleaches or mixtures, emulsified oils and greases, starch, sulfonated oils, waxes, surfactants, etc.
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What are the growth prospects and trends in the textile chemicals industry?
The expanding apparel industry and the escalating demand for fabrics with various textures and designs are primarily augmenting the textile chemicals market. Furthermore, the inflating digitization and the increasing popularity of social media platforms are stimulating the utilization of garments, which is positively influencing the global market. Apart from this, the growing consumer inclination towards foreign textile brands is acting as another significant growth-inducing factor. Moreover, the widespread adoption of green or bio-based chemicals by key market players that are prepared from renewable or readily available resources is also bolstering the market growth. Besides this, they have low toxicity and tendency to undergo bioaccumulation in the environment as compared to their counterparts, which is further catalyzing the global market. Additionally, the introduction of heterogeneous compounds that can be used in the manufacturing of automobile fabrics, such as headliners, seat belts, seat fabric, etc., is expected to fuel the textile chemicals market in the coming years.
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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)
- Porters 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.
IMARCs 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 companys expertise.
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