Textile Chemicals Market Size, Share & Trends Analysis Report Process Outlook (Pre-Treatment, Scouring Agents, Others, Coating, Treatment of Finished Products), Product Outlook (Coating & Sizing Chemicals, Colourants & Auxiliaries, Dispersants/levelant, Finishing Agents, Surfactants, Denim Finishing Agents), Application (Apparel, Home Furnishing, Technical Textiles) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Market Overview

The global textile chemicals market size 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 chemicals used in textiles to increase productivity are known as textile chemicals. It serves a specific purpose during the manufacturing process and contributes to the improvement of texture and aesthetic appeal, increasing textile demand. They could be improved by it increasing consumer demand for the textile industry. These individuals are necessary for the manufacturing sectors to operate effectively. This is a crucial component for the manufacturing sector to function. Wool, flax, silk, cotton, bamboo, and hemp are examples of natural textiles. Acrylic, nylon, rayon, spandex, and polyester are examples of synthetic textiles. The wearability, appearance, and functionality of textiles can be significantly improved by chemical finishes, many of which we take for granted.

However, many more are employed for additional purposes, such as plasticity, water resistance, flame retardancy, etc. It is challenging for manufacturers to keep up in this situation, 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. Through expanded options, globalization offers businesses and consumers many advantages, but it also presents some difficulties. The ability of manufacturers to source textiles from any country in the world has many advantages but also many uncertainties.

Market Dynamics

Global Textile Chemicals Market Driver

The rise in Demand for Apparel

Examples of apparel products include activewear, children's and adults' personal clothing, casual and formal attire, lingerie, undergarments, sportswear, and fashion accessories (scarfs, belts, socks, etc.). Due to the global increase in population and disposable income, the demand for apparel products is growing. Growing awareness of safety, hygiene, and health is a significant factor that will probably drive the demand for clothing soon. Clothing production and consumption have traditionally centred on China and India. In both nations, rapid economic growth is anticipated to be critical in driving the apparel market during the forecast period.

Rising awareness regarding textile chemistry

Since it applies chemical principles at various textile and apparel manufacturing stages, textile chemistry is a highly specialized field. The main areas of textile chemistry are dyeing and finishing, fibre and polymers, and—more significantly—the fusion of material science and textile material. Textile chemistry has emerged as a crucial component of the textile and apparel industries due to rising consumer demand for improved quality and functionality. The manufacturing process heavily relies on textile chemicals, from fibre pre-treatment to textile finishing. Different textile chemicals have specific or dual roles in determining the textile manufacturing process's effectiveness and the finished goods' calibre. Additionally, these chemicals can expand textiles' use in various applications. For example, ongoing research and development in the field of technical textiles have increased their application in agriculture, construction, industrial, medical, environmental, electrical, and electronic industries. So, the growing significance of textile chemistry is driving up demand for the product in the textile industry.

Global Textile Chemicals Market Restraint

Effects on Environmental and human health

The dye components that do not adhere to the textile material are lost to the wastewater stream during the dyeing process. An additional unpleasant and highly coloured appearance is caused by the 10-15% dyes released into wastewater. Water, air, and land can all be contaminated by synthetic dyes. The wastewater released by the textile industry is thought to be the dirtiest of all industrial sectors. Dye-containing wastewater absorbs light and interferes with aquatic species' ability to photosynthesize. The ecosystem of water resources is then disturbed as a result. These dangerous chemicals can also cause skin allergies and even serious diseases when they come into prolonged contact with human skin.

Additionally, if the proper precautions are not taken during textile processing, these dangerous chemicals can cause respiratory and skin conditions. As a result, these and speciality chemicals are subject to strict regulations. This factor poses a significant obstacle to the market's expansion.

Global Textile Chemicals Market Opportunities

Adoption of sustainable chemicals in textile manufacturing

Most textile and chemical manufacturers are switching to prefer green chemicals due to strict environmental regulations and commitment to sustainable goals. For instance, in 2019, the biological dyeing company Colorifix launched new industrial-scale trials for natural dyes in collaboration with textile producers like Switzerland's Forster Rohner and India's Arvind. 2018 saw the introduction of a new 100 per cent bio-based by Croda International. Environmental regulations are strictly adhered to in developed nations. Additionally, developing nations are establishing their objectives for a sustainable future. Therefore, during the forecast period, there may be opportunities for growth in both developed and developing economies for the green textile chemical segment.

Regional Analysis

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, which had 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. The region's economy is growing due to favourable policies, rising wages, and constant job creation, among other things.

Segmental Analysis

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. The demand for coating chemicals with additional properties like waterproofing, fire resistance, stain repellence, and others is growing, which explains its high market share. Throughout the anticipated period, the coating process segment will maintain its leadership position in the market. Coating protection chemicals are primarily used in the coating process to meet the rising demand for protective coatings such as flame retardant, U.V., and other coatings that are expected to increase in demand in the coming years.

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. The rising demand for geotextiles, automotive, outdoor clothing, and aerospace is responsible for this high share. For adequate fabric sizing during the finishing process, there will be an increase in demand for sizing chemicals globally throughout the forecast period. The most famous natural pastes include dextrin, wheat, corn, gelatin, etc. Water-soluble polymers, also referred to as textile sizing chemicals or agents, are used to protect yarns so they can withstand mechanical stress during weaving. Examples include carboxymethyl cellulose, polyvinyl alcohol, acrylates, and modified starch.

Based on application, the market is segmented into Apparel, Home Furnishing and Technical Textiles. Applications for clothing dominated the market. The growing millennial and Gen Z populations, influenced by social media and fashion icons, rising disposable incomes, and the booming e-commerce sector are all responsible for this high share. Growth in the production of textile raw materials is also anticipated, and this growth will likely impact apparel production.

Impact of covid-19

The automotive industry is critical to the economy's growth. However, during the second and third quarters of 2020, the COVID-19 outbreak impacted the whole automotive supply chain, affecting new car sales in FY 2020.

South America is most affected by COVID-19, with Brazil leading the way, followed by Ecuador, Chile, Peru, and Argentina. South America's government (SAM) has taken a number of steps to protect its citizens and stem the spread of COVID-19. South America is expected to have fewer export revenues as commodity prices fall and export volumes fall, particularly to China, Europe, and the United States, which are all significant trading partners. The manufacturing industry, especially automotive manufacturing, has been damaged by containment measures in various South American countries. Due to the pandemic, major automotive manufacturers have also temporarily halted manufacturing in the region as a cost-cutting move. Furthermore, the automobile disc brake industry has been significantly affected in 2020 due to a lack of raw materials and supply chain disruption.

The Automotive Brake System control module of a vehicle is meant to alert the driver with a warning light if the system fails. The module itself is rarely defective; instead, the sensors or the wiring to the sensors are frequently defective. The most typical cause of dysfunction is when the Automotive Brake System is contaminated with particles or metal shavings. There is no signal continuity when sensor wiring is destroyed. Brake fluid becomes contaminated in corrosive situations, and the hydraulic unit fails to function.

Recent Developments

• 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.