Textile Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

Textile Chemicals Market is Segmented by Type (Coating and Sizing Chemicals, Colorants and Auxiliaries, Finishing Agents, Desizing Agents, and Other Types), Application (Apparel, Home Furnishing, Automotive Textile, Industrial Textile, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecast for all the abovementioned segments in revenue (USD million).

Market Snapshot

Textile Chemicals Market Summary
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: >4.5 %
Textile Chemicals Market Major Players

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Market Overview

The global textile chemicals market is projected to register a CAGR of over 4.5% during the forecast period 2022-2027.

The textile industry was badly hit by the COVID-19 pandemic and is yet to recover. Even after the situation is expected to recover, the industry may take some time to recover over the coming years. This may further impact the demand for textile chemicals significantly.

· One of the major factors driving the market studied is the robust growth of the apparel market in developing economies.

· However, pollution problems caused by the textile dyeing and finishing industry are expected to restrain the market.

· Asia-Pacific is likely to dominate the market during the forecast period.

Scope of the Report

Textiles require a range of treatment processes before reaching the end user. Textile chemicals are specialty chemicals used during the dyeing and processing of textiles to impart desired properties to the end product. The textile chemicals market is segmented by type, application, and geography. By type, the market is segmented into coating and sizing chemicals, colorants and auxiliaries, finishing agents, desizing agents, and other types (yarn lubricant, bleaching agents, etc.). By application, the market is segmented into apparel, home furnishing, automotive textile, industrial textile, and other applications (medical textiles, sports textiles, etc.). The report also covers the size and forecasts for the textile chemicals market in 15 countries across major regions. For each segment, the market sizing and forecast have been done on the basis of revenue (USD million).

Type
Coating and Sizing Chemicals
Colorants and Auxiliaries
Finishing Agents
Desizing Agents
Other Types (Yarn Lubricant, Bleaching Agents, etc.)
Application
Apparel
Home Furnishing
Automotive Textile
Industrial Textile
Other Applications (Medical Textiles, Sports Textiles, etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Apparel Application to Dominate the Market

· Apparel is one of the fundamental needs of a human being and is also one of the fastest-growing businesses globally. Textiles and clothing are key exports, especially for low- to middle-income countries.

· Increasing demand for textiles and apparel is expected to drive the demand for textile chemicals in these applications. Asia-Pacific, the largest market for woven fabrics, is witnessing healthy growth due to the increasing demand from countries like India and China.

· The Chinese textile and apparel industry is one of the major industries, and the country is the largest clothing exporter in the world.

· In India, the demand for apparel has increased in line with consumers' growing preference in response to foreign textile brands, whose presence has been growing in the market. The demand has been augmented by digitalization, social networking sites, and apps, which further boost apparel sales.

· Some apparel manufacturers in India state that the growth rate in menswear brands is at 7-10%, while the growth rate of apparel for women and kids is around 15-20%. Also, the growing number of working women has boosted the demand for women's apparel.

· Overall, the demand for textile chemicals is likely to rebound and grow substantially globally during the forecast period, owing to the demand from the apparel segment.​​

Textile Chemicals Market, Revenue (%), by Application, Global, 2021

Asia-Pacific Region Expected to Dominate the Market

· The Asia-Pacific region dominates the global market. With the growing demand for apparel and automotive and industrial textile from countries such as China, India, and Japan, the usage of textile chemicals is increasing in the region.

· China’s textile and apparel industry is one of its major industries. China's textile industry continued steady expansion in the first ten months of 2021, according to data from the country’s Ministry of Industry and Information Technology. The combined operating revenue of major textile enterprises in China rose by 14.2% Y-o-Y to reach CNY 4.13 trillion (USD 650.4 billion) in that period.

· China is the largest market for the automotive textile industry. China was the largest passenger car manufacturer in the world, reporting an estimated 21.4 million units produced in 2020. The number of units manufactured in China was well ahead of the production volumes of other countries. Thus, it is likely to boost the automotive textile industry in the country.

· Industrial textiles are built for a specific industry or profession and have many special qualities, like fire or water resistance. In India, growing end-user industries, like automobiles, healthcare, sports and infrastructure, and ongoing industrial development are supporting the growth of industrial textiles.

· All the aforementioned factors are anticipated to boost the overall demand for wet chemicals in Asia-Pacific during the forecast period.

Textile Chemicals Market - Growth Rate by Region, 2022-2027

Competitive Landscape

The global textile chemicals market is fragmented, with the presence of both multinational and regional companies. The top five players account for a noticeable share of the global market demand. Key players in the market include Archroma, Huntsman International LLC, Dow, Wacker Chemie AG, and Evonik Industries AG.

Major Players

  1. Archroma

  2. Huntsman International LLC

  3. Dow

  4. Wacker Chemie AG

  5. Evonik Industries AG

Textile Chemicals Market Concentration

Recent Developments

  • · In February 2021, Dow introduced innovative, durable water-repellent finishing to enable increasingly sustainable textiles. DOWSIL IE-8749 Emulsion treatment improves fabric retention, and the finish does not need to be regularly heat-treated to restore its water repellency performance, which is a key advantage in the durability of the final product.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Robust Growth in Textile Production in Developing Economies

      2. 4.1.2 Growing Demand for Industrial Fabrics in North America

    2. 4.2 Restraints

      1. 4.2.1 Pollution Problems Caused by the Textile Dyeing and Finishing Industry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Coating and Sizing Chemicals

      2. 5.1.2 Colorants and Auxiliaries

      3. 5.1.3 Finishing Agents

      4. 5.1.4 Desizing Agents

      5. 5.1.5 Other Types (Yarn Lubricant, Bleaching Agents, etc.)

    2. 5.2 Application

      1. 5.2.1 Apparel

      2. 5.2.2 Home Furnishing

      3. 5.2.3 Automotive Textile

      4. 5.2.4 Industrial Textile

      5. 5.2.5 Other Applications (Medical Textiles, Sports Textiles, etc.)

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Achitex Minerva SpA

      2. 6.4.2 Archroma

      3. 6.4.3 Arkema Group

      4. 6.4.4 Chemipol (Kothari Group Of Industries)

      5. 6.4.5 CHT Group

      6. 6.4.6 Covestro AG

      7. 6.4.7 Croda International PLC

      8. 6.4.8 Dow

      9. 6.4.9 Evonik Industries AG

      10. 6.4.10 Formosa Organic Chemical Industry Co. Ltd

      11. 6.4.11 Giovanni Bozzetto SpA

      12. 6.4.12 Huntsman International LLC

      13. 6.4.13 Kemira Oyj

      14. 6.4.14 K-tech (India) Limited

      15. 6.4.15 L. N. Chemical Industries

      16. 6.4.16 Kiri Industries Ltd

      17. 6.4.17 Nouryon

      18. 6.4.18 Rudolf GmbH

      19. 6.4.19 Sarex

      20. 6.4.20 Tanatex Chemicals BV

      21. 6.4.21 The Lubrizol Corporation

      22. 6.4.22 Wacker Chemie AG

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Ongoing Research and Development in the Field of Smart Textiles

**Subject to Availability
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Frequently Asked Questions

The Textile Chemicals Market market is studied from 2017 - 2027.

The Textile Chemicals Market is growing at a CAGR of >4.5% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Archroma, Huntsman International LLC, Dow, Wacker Chemie AG, Evonik Industries AG are the major companies operating in Textile Chemicals Market.

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