Textile Chemicals Market rising at a CAGR of 4.7% during the forecast period from 2022 to 2030

Textile Chemicals Industry Overview

The global textile chemicals market size was valued at USD 23.89 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030.

 

This growth is attributable to a growing demand for apparel, technical textiles, home textiles, and others. With the growing population, the demand for clothes and other textile products is expected to increase, thus fueling the production capacities of this industry. But at present, global trade is getting more complicated due to recession in various countries, resulting in currency fluctuations. Other major challenges faced by the textile industry include the Eurozone crisis and Britain post-BREXIT.

 

According to the American Chemistry Council, the chemicals industry in the U.S. is expected to witness an increase in volume consumption due to growing demand for chemicals from the automotive, construction, and consumer goods industries. However, the chemicals industry in the country is projected to reach its pre-pandemic level by 2023.

 

Gather more insights about the market drivers, restrains and growth of the Global Textile Chemicals Market

 

This is expected to create opportunities for the manufacturers of textile chemicals to set up their production facilities or to collaborate with local players in the U.S. For instance, in June 2021, Archroma partnered with Van Horn, Metz & Co. Inc., a specialty raw material distributor in the country, for the distribution of Mowilith emulsions.

 

Upsurge in the real estate sector, changing fashion trends, and inclination toward home décor and furnishing have driven the growth of the textile industry in the recent past. However, with the growing application scope, consumer preferences toward bio-chemicals with similar properties are also projected to drive the growth of the market. Moreover, the growing consumption of technical textiles in the automotive sector is expected to bolster the growth of the market in the long run.

 

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Textile Chemicals Market Segmentation 

Grand view research has segmented the global textile chemicals market report based on process, product, application, and region:

 

• Textile Chemicals Process Outlook (Revenue, USD Million, Volume, Kilotons, 2018 – 2030)
  • Pre Treatment
  • Coating
  • Treatment of Finished Products

 

• Textile Chemicals Product Outlook (Revenue, USD Million, Volume, Kilotons, 2018 – 2030)
  • Coating & Sizing Chemicals
  • Colorants & Auxiliaries
  • Finishing Agents
  • Surfactants
  • Denim Finishing Agents

 

• Textile Chemicals Application Outlook (Revenue, USD Million, Volume, Kilotons, 2018 – 2030)
  • Apparel
  • Home Furnishing
  • Technical Textiles

 

• Textile Chemicals Regional Outlook (Revenue, USD Thousand, Volume, Kilotons, 2018 – 2030)
  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

 

Market Share Insights

• November 2021: Cosmo Specialty Chemicals introduced a hydrophilic block silicone emulsion.
• January 2021: Solvay S.A. announced that it will begin using blockchain technology for developing a circular economy. The technology will be used to store, exchange, develop, and trace the information related to products, right from their feedstock producers to end users.

 

Key Companies profiled:

Some prominent players in textile chemicals market include,

• Kiri Industries Ltd.
• OMNOVA Solutions Inc.
• German Chemicals Ltd.
• AB Enzymes
• Organic Dyes and Pigments
• Govi N.V.
• Resil Chemicals Pvt. Ltd.
• LANXESS
• Dow
• BASF SE
• Huntsman International LLC
• Kemira Oyj
• The Lubrizol Corporation
• Archroma
• Omya United Chemicals
• BioTex Malaysia
• Fibro Chem, LLC
• Evonik Industries AG
• Ethox Chemicals, LLC
• Solvay S.A.

 

Order a free sample PDF of the Textile Chemicals Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.