Global Textile Chemicals Market Worth USD 37.24 Billion With a CAGR of 5.42%

Introduction

The Global Textile Chemicals Market was valued at USD 23.16 billion in 2021 and is projected to reach USD 37.24 billion by 2030, registering a CAGR of 5.42% from 2022 to 2030.

Textile chemicals are the substances utilized to increase textile production. It contributes to the enhancement of texture and visual appeal, thereby increasing textile demand. By raising consumer demand for textiles, they could be improved. These people are required for the manufacturing sectors to operate efficiently. This is necessary for the manufacturing industry to operate. Examples of natural textiles are wool, flax, silk, cotton, bamboo, and hemp. Examples are synthetic textiles such as acrylic, nylon, rayon, spandex, and polyester. Chemical finishes, many of which we take for granted, can substantially enhance textiles' wearability, appearance, and functionality.

However, many more are used for additional functions, such as plasticity, water resistance, and flame retardancy. Given the number of chemicals that can be used and the limit levels that may vary from country to country and even within a country, it is difficult for manufacturers to keep up. Globalization offers businesses and consumers numerous benefits through its expanded options, but it also presents some challenges. Manufacturers' ability to source textiles from any country carries several benefits and risks.

Market Dynamics

The rising demand for apparel is driving the market.

Examples of apparel products include activewear, children's and adult's clothing, casual and formal attire, lingerie, undergarments, sportswear, and fashion accessories (scarfs, belts, socks, etc.). As the global population and disposable income rise, the demand for apparel products increases. Growing awareness of safety, hygiene, and health is a significant factor that will likely drive clothing demand shortly. Traditional centres of clothing production and consumption have been China and India. Rapid economic growth is anticipated to significantly drive the apparel market during the forecast period in both countries.

Rising awareness regarding textile chemistry

Textile chemistry is a highly specialized field due to applying chemical principles at various textile and clothing production stages. The principal areas of textile chemistry are dyeing and finishing, fibre and polymers, and, most importantly, the fusion of material science and textile material. Textile chemistry has become an integral part of the textile and apparel industries due to rising consumer demand for enhanced quality and functionality. The manufacturing process depends heavily on textile chemicals, from fibre pre-treatment to textile finishing. Different textile chemicals play specific or dual roles in determining the efficiency of the textile manufacturing process and the final product's quality.

Additionally, these chemicals can expand the applications for textiles. For instance, ongoing research and development in technical textiles have expanded their use in the agricultural, construction, industrial, medical, environmental, electrical, and electronic industries. Consequently, the increasing significance of textile chemistry drives the textile industry's demand for the product.

The adoption of sustainable chemicals in textile manufacturing is an opportunity.

As a result of stringent environmental regulations and a commitment to achieving sustainable goals, most textile and chemical manufacturers are adopting green chemicals. For instance, in 2019, the biological dyeing company Colorifix collaborated with textile manufacturers such as Switzerland's Forster Rohner and India's Arvind to launch new industrial-scale trials for natural dyes. Croda International introduced a new 100 per cent bio-based product in 2018. In developed nations, environmental regulations have been strictly followed. In addition, developing countries are establishing goals for a sustainable future. Therefore, during the forecast period, growth opportunities for the green textile chemical segment may exist in both developed and developing economies.

Regional analysis of the Global Textile Chemicals Market

According to the region, the market is segmented into North America, Europe; Asia Pacific; Central & South America and Middle East & Africa. The Asia Pacific region dominated the market with the largest revenue share. The rapid urbanization, economic resiliency during the COVID-19 pandemic, and modernization of the textile and chemical manufacturing processes are all credited with this high share. During the forecast period, the region's expanding apparel production is anticipated to fuel the expansion of the product's market in the Asia Pacific. Several significant economies, including those of Germany, the U.K., France, Spain, Italy, and Russia, are also present in Europe.

Key Highlights:

• The Global Textile Chemicals Market was valued at USD 23.16 billion in 2021 and is projected to reach USD 37.24 billion by 2030, registering a CAGR of 5.42% from 2022 to 2030.
• The Global Textile Chemicals Market is segmented by Process, Product, application, and region. Based on the process, the market is divided into Pre Treatment, Coating, and Treatment of the finished product. The coating process dominated the market with the highest revenue share.
• Based on product, the market is categorized into Coating & Sizing Chemicals, Colorants & Auxiliaries, Dispersants/levelant, Finishing Agents, Surfactants, and Denim Finishing Agents. The market was dominated by coating and sizing chemicals, which had the highest revenue share.
• Based on application, the market is segmented into Apparel, Home Furnishing and Technical Textiles. Applications for clothing dominated the market.

Competitive Players

Competitive analysis of the Global Textile Chemicals Market

The Major Players in the Global Textile Chemicals Market are:

• Kiri Industries Ltd.
• OMNOVA Solutions Inc.
• German Chemicals Ltd.
• A.B. 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
• BibTex Malaysia
• Fibro Chem, LLC
• Evonik Industries AG
• Ethox Chemicals, LLC
• Solvay S.A. 

Recent Developments

Recent Development by the Key Players:

• In July 2022: BASF Venture Capital Invested in Climentum Capital's First Fund. BASF's corporate venture capital arm, BASF Venture Capital GmbH, has invested in Climentum Capital's first €150 million venture fund. Both organizations will engage in a strategic partnership that promotes knowledge sharing, deal sharing, and co-investment opportunities.
• In July 2022: BASF Global Automotive Refinish Coatings Solutions, a business unit of BASF's Coatings division, partnered with the European Association of Peugeot Car Dealers (AECP) for the upcoming years. The AECP, which brought together dealers from eleven European countries, works hand-in-hand with Peugeot and Stellantis Group to establish professional guidelines for automotive retailing and ensure close collaboration between the brand and its network.

Segmentation

Segmentation

Process Outlook

• Pre-Treatment
• De-sizing Agents
• Bleaching Agents
• Scouring Agents
• Others

Coating

• Anti-piling
• Water Proofing
• Protection
• Water Repellant
• Others

Treatment of Finished Products

• Softening
• Stiffening
• Others

Product Outlook 

Coating & Sizing Chemicals

Colourants & Auxiliaries

Dispersants/levelant

• Fixative
• V. Absorber
• Other

Finishing Agents

• Repellent & Release
• Flame Retardants
• Antimicrobial Or Anti-inflammatory
• Other

Surfactants

• Wetting Agents
• Detergents & Dispersing Agents
• Emulsifying Agents
• Lubricating Agents

Denim Finishing Agents

• Enzymes
• Resins
• Softeners
• Defoamers
• Bleaching Agents
• Suresh Resistant Agents
• Anti-back Staining Agents
• Others

Application 

Apparel

• Sportswear
• Outerwear
• Innerwear
• Others

Home Furnishing

• Furniture
• Drapery
• Carpet
• Other

Technical Textiles

• Agrotech
• Buildtech
• Geotech
• Medtech
• Mobiltech
• Packtech
• Protech
• Indutech
• Other

Regional

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa