The worldwide size of the textile chemicals industry is estimated at USD 26.12 billion in 2020 and is expected to reach USD 31.41 billion by 2025, with a compound annual rate of 4.5% between 2020 and 2025. The industry is growing due to the growing call for clothing, textile techniques and home textiles. Textile chemicals are used in the textile manufacturing process, from pretreatment to textile finishing, to improve and optimize textile manufacturing processes for specific functionality, texture and appearance.
Market drivers and restraints:
The expansion of the worldwide textile chemical industry is mainly due to the significant call for home furnishings and technical textiles worldwide. The increase in disposable income of consumers has led to an increase in home improvement activity, which is driving the call for home textiles and therefore the call for textile chemicals. The world industry for textile chemicals is experiencing moderate expansion. Strict environmental regulations regarding the disposal of textile effluents and the cyclical nature of the textile industry are factors that are holding back and challenging the expansion of the textile chemical industry. The rapid expansion of the garment industry has led manufacturers in the textile chemicals industry to collaborate with stakeholders in the garment industry value chain. These stakeholders are also becoming increasingly aware of the sustainable management of chemicals and are taking initiatives to chemically recycle non-reusable textiles and plastic bottles into virgin quality fibers. Therefore, with the help of these initiatives, actors in the textile value and supply chain established an industrial environment that respects the environment and fully complies with regulatory standards.
To know more, click on the link below:
Report segmented as:
By fiber type:
By product type:
coating & sizing
colorants & auxiliaries
Asia-Pacific accounted for the largest industry share in 2018 amid high consumption of textile chemicals, with the region being one of the leading textile manufacturers. In addition, rapid industrialization, improving economic conditions, supportive government policies, the availability of cheap labor, and increased exports, associated with a growing and changing population. Lifestyles in the region are stimulating the textile industry, which in turn is expected to fuel call for textile chemicals. in the region. The large industrial base in the Europe and North America regions, together with the high call for technical textiles in the automotive, health and construction sectors, are expected to drive expansion in the regional industry over the course of the period. considered. The call for textile chemicals in the Asia-Pacific region will increase due to the ability to improve the strength and versatility of textiles, thus providing future opportunities in this field.
Important market players:
Some of the prominent players operating in the global textile chemicals market are Archroma (Switzerland), Huntsman International LLC (US), DowDuPont (US), Wacker Chemie AG (Germany), Evonik Industries (Germany), TANATEX Chemicals B.V. (Netherlands), Rudolf GmbH (Germany), GIOVANNI BOZZETTO S.p.A. (Italy), AkzoNobel NV (Netherlands), Kemin Industries (US), Covestro (Germany), OMNOVA Solutions Inc (US), FCL (India), Croda International Plc (UK), and Indofil (India).
View a sample and decide:
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Sales Manager at Market Data Forecast