According to IMARC Group latest report titled “Textile Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on textile chemicals market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global textile chemicals market reached a value of US$ 23.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 31.4 Billion by 2027, exhibiting a CAGR of 4.9% during 2022-2027.
Textile chemicals refer to specialty chemicals used during the production process of textiles. They are typically added during the pre-treatment, bleaching, dyeing, printing, and finishing of textiles. Some commonly used textile chemicals include biocides, flame retardants, bleaches, emulsified oils and greases, starch, sulfonated oils, waxes, and surfactants. They are used to provide the fabrics with desired color, texture, softness, finish, water and stain resistance, and other properties.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The expanding textile and apparel industries and rapid population growth represent the primary factors driving the global textile chemicals market. Additionally, the widespread adoption of green or bio-based chemicals by key players due to the rising environmental concerns has bolstered the market growth. Furthermore, there has been increasing demand for textile chemicals to manufacture automobile fabrics, such as seats, headrests, and seat belts. Other factors, including improving living standards, growing digitization, shifting consumer preferences toward foreign textile brands and strong social media influence, are also anticipated to drive the market further.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- 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
- Desizing Agents
Breakup by Application:
- Home Furnishing
- Industrial Textile
- Automotive Textile
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 (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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