Market Size of Textile Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Textile Chemicals Market Analysis
The Global Textile Chemicals Market is projected to register a CAGR of over 3.5% during the forecasted period.
The sporadic outbreak of the COVID-19 pandemic in 2020 and the first half of 2021 drastically curtailed textile industry activities due to imposed government bans and restrictions, thereby limiting the growth of the textile chemicals market. The textile chemical sector was paralyzed owing to scarce raw material supply, limited working hours/labor strength, and constrained financials, which halted the consignment flow to the downstream textile industry. Furthermore, the demand for textiles dropped drastically as people were confined to staying in their houses. However, the industries have been on track for recovery since the pandemic's retraction in mid-2021. The demand for home, industrial, and sportswear textiles rebounded in 2022, reinstating textile contracts which increased the downstream consumption of textile chemicals and revived the interests of market players.
- Over the medium term, the robust growth in textile production in developing economies and the growing demand for industrial textiles are the major driving factors augmenting the growth of the market studied.
- On the flip side, the environmental harm caused by textile dyeing and finishing activities is anticipated to restrain the growth of the target industry over the forecast period.
- Nevertheless, the ongoing research and development activities in smart textiles and the growing urge to use low VOC and biodegradable materials for textile manufacturing will likely create lucrative growth opportunities for the global market soon.
- Asia-Pacific emerged as the largest market for textile chemicals and is expected to witness the highest CAGR during the forecast period. This dominance of Asia-Pacific is attributed to the bullish demand for textile chemicals in apparel, home furnishing, industrial, and automotive textile applications in growing economies like China and India.
Textile Chemicals Industry Segmentation
Textile chemicals are specialty chemicals used during the dyeing and processing textiles to impart desired properties to an array of end products used in clothing, bedding, carpets, car interiors, industries, etc. Processing natural or artificial fabrics with textile chemicals improves textile wearability, functionality (such as imparting antibacterial features, flame retardancy, etc.), and appearance. 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, de-sizing agents, and other types. By application, the market is segmented into apparel, home furnishing, automotive textile, industrial textile, and other applications. 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 forecasts have been done on the basis of value (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 | ||||||||
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Textile Chemicals Market Size Summary
The global textile chemicals market is poised for steady growth, driven by the recovery of the textile industry post-pandemic and the increasing demand for textiles in various sectors such as home, industrial, and sportswear. The market experienced significant disruptions during the COVID-19 pandemic due to supply chain constraints and reduced demand, but has since rebounded with renewed interest from market players. Developing economies, particularly in Asia-Pacific, are contributing to this growth through robust textile production and a rising demand for industrial textiles. However, environmental concerns related to textile dyeing and finishing processes pose challenges to market expansion. Despite these challenges, advancements in smart textiles and the shift towards low VOC and biodegradable materials present promising opportunities for future growth.
The Asia-Pacific region stands out as the largest and fastest-growing market for textile chemicals, supported by the strong demand in countries like China and India. These countries benefit from established textile manufacturing industries, cost-effective production, and a growing consumer base with increasing disposable incomes. The apparel segment, a significant consumer of textile chemicals, continues to thrive due to innovative designs and the rise of e-commerce, which enhances fashion accessibility and consciousness. The market is characterized by a mix of international and domestic players, with companies like Archroma and Huntsman International actively expanding their portfolios to meet evolving industry needs. Recent developments, such as Archroma's acquisition of Huntsman's Textile Effect business and the introduction of sustainable products, highlight the dynamic nature of the market and its focus on innovation and sustainability.
Textile Chemicals Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Robust Growth in Textile Production in Developing Economies
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1.1.2 Growing Demand for Industrial Textiles
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1.2 Restraints
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1.2.1 Environmental Pollution Caused by the Textile Dyeing and Finishing Industry
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Type
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2.1.1 Coating and Sizing Chemicals
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2.1.2 Colorants and Auxiliaries
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2.1.3 Finishing Agents
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2.1.4 Desizing Agents
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2.1.5 Other Types (Yarn Lubricant, Bleaching Agents, etc.)
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2.2 Application
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2.2.1 Apparel
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2.2.2 Home Furnishing
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2.2.3 Automotive Textile
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2.2.4 Industrial Textile
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2.2.5 Other Applications (Medical Textiles, Sports Textiles, etc.)
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 ASEAN Countries
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2.3.1.6 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Textile Chemicals Market Size FAQs
What is the current Textile Chemicals Market size?
The Textile Chemicals Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)
Who are the key players in Textile Chemicals Market?
Archroma, Huntsman International LLC, Dow, Wacker Chemie AG and Evonik Industries AG are the major companies operating in the Textile Chemicals Market.
