Textile Chemicals Market Status, Key Vendors Analysis and Regional Outlook 2022-2030

Posted on 2023-01-03 by researchinsights in Chemicals // 0 Comments

San Francisco, California , USA, Jan 04, 2023 — /EPR Network/ —

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.

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

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.

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.

Browse through Grand View Research’s Specialty Polymers Industry Research Reports.

Polyolefin Market – The polyolefin market size was valued at USD 278.23 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.0% over the forecast period.
Sodium Lactate Market – The global sodium lactate market size was valued at USD 259.5 million in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 8.0% from 2022 to 2030.

Textile Chemicals Market Segmentation

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

Process Outlook (Revenue, USD Million, Volume, Kilotons, 2018 – 2030)
- Pre Treatment
- Coating
- Treatment of Finished Products
Product Outlook (Revenue, USD Million, Volume, Kilotons, 2018 – 2030)
- Coating & Sizing Chemicals
- Colorants & Auxiliaries
- Finishing Agents
- Surfactants
- Denim Finishing Agents
Application Outlook (Revenue, USD Million, Volume, Kilotons, 2018 – 2030)
- Apparel
- Home Furnishing
- Technical Textiles
Regional Outlook (Revenue, USD Thousand, Volume, Kilotons, 2018 – 2030)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global 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.

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