Textile Chemicals Market Size To Attain USD 45.89 Bn By 2032

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07 Sep 2024

Table of Content

The global textile chemicals market size was evaluated at USD 28.04 billion in 2022 and is projected to attain around USD 45.89 billion by 2032, growing at a CAGR of 5.1% during the forecast period from 2023 to 2032.

Market Overview:

Textile chemicals, a huge segment in the chemical industry, are generally employed for treating textiles at various stages of the manufacturing process. To obtain optimal textile properties, the textile chemical is essential. Chemicals are also occasionally used to finish textiles for clothing, such as stiffening and eliminating wrinkles. Textiles are becoming more water, stain, wrinkle, bacterial, and mold-resistant owing to chemicals in their nanoforms. The expanding usage of chemicals for textiles across various industrial verticals will fuel the market's expansion in the coming years. The market will grow because of major firms across the globe making significant investments in the creation of effective textile chemicals.

Regional Snapshot:

Asia Pacific held the largest share of the market in 2022, the region is anticipated to sustain its position during the forecast period. The recent expansion of the textile industry, changing trends in fashion, and a global need for home furnishings and décor have all contributed to the textile chemicals market's recent rise in Asia. The rise of the Asian textile chemicals industry has also been linked to the real estate and infrastructure sectors by applying these chemicals in flooring and building.

The most significant contributor to the market for textile chemicals in Asia is China, followed by India. Additionally, the expansion of R&D facilities and the availability of inexpensive labor directly fosters the growth of the garment sector in the region. Government laws and regulations that are less strict can influence the market. Due to their capacity to increase the durability and adaptability of textiles, textile chemicals will become increasingly in demand in the Asia-Pacific area, opening up new career prospects.

North America is expected to hold a significant share of the market during the forecast period. The market’s expansion is attributed to the region’s expanding need for technical textiles in the automotive, construction, and healthcare sectors. North American countries carry globally leading companies such as 3M, Hexion and Purolite Corporation that invest extensively in the research and development of various forms of chemicals. This element promotes the market’s growth.

Report Highlights:

• By process, the coating segment dominated the market in 2022, the rising demand for home textiles for additional layer of protection for walls in the emerging construction industry promotes the segment’s growth.
• By product, the coating, and sizing chemicals segment led the worldwide textile chemicals market. This is due to the rise in demand for automotive, geotextiles, outdoor clothing, and aerospace applications.
• By application, apparel applications led the market in 2022 with the most significant market share. This may be attributed to several causes, including increasing disposable incomes, the expanding Gen Z and millennial populations, which are being affected by social media and celebrities for fashion preference. Moreover, the expanding e-commerce sector is another element for the market’s expansion.
• By fiber, the synthetic fiber segment is expected to grow at a significant rate during the forecast period. The limited production of natural fibers and enormous demand for high-quality fibers for industrial uses promote the segment’s growth.

Textile Chemicals Market Report Scope:

Market Dynamics:

Driver:

Increased use of sustainable materials in the textile industry

With the rising environmental concerns and substantial awareness for the same form governments, multiple industries are shifting towards sustainable or green solutions of operations and production. Similarly, many chemical and textile companies are switching to green chemicals due to strict environmental restrictions and a dedication to long-term objectives. Emerging and developed nations might see an increase in the market for green textile chemicals. As a result, rising consumer demand for eco-friendly goods is anticipated to advance the textile chemical sector.

Restraint:

Environmental impacts

Chemical output has increased significantly over the past century due to the exponential growth in the world's population and chemistry-related breakthroughs. Beginning in the West, the manufacture of textiles gradually shifted to emerging nations with cheap labor costs. The natural water sources in these nations have been polluted due to inadequate laws and regulations for textile chemical production. The textile sector faces difficulty transitioning to greener manufacturing today since its supply chain contains approximately 8000 chemicals. Thus, the potential environmental impacts caused by the textile chemicals create a major restraint for the market. The industry has taken substantial steps to resolve this issue. Innovation will be crucial in finding a long-term solution exclusively using sustainable chemicals.

Opportunity:

Enormous demand for technical textiles

Technical textiles are experiencing a rapid surge in demand due to their extensive applicability in healthcare settings and automotive applications. In addition to this, the fact that they are used as agro textiles, geotextiles, and protective garments has increased rivalry among Indian makers. Their exceptional physical and functional qualities are mostly to blame for the increase in demand. For technical textiles, textile chemicals, specifically auxiliaries, are essential since they provide the fabric with the necessary unique features, such as improved desired color during manufacture. The rising demand for technical textiles, especially in the automotive and geotextiles industries, opens opportunities for the market to grow.

Challenge:

Unregulated standards

Globalization provides organizations and consumers with various benefits through more alternatives but also creates several difficulties. The ability of manufacturers to get textiles from any country on the globe offers numerous advantages and uncertainties. For instance, it is difficult for a Los Angeles-based clothing maker to understand that a textile manufacturer in China, India, or Europe is creating apparel that conforms with the chemical's limit levels. The lowest permitted levels across the US, comparable to those in the EU, are found in California. However, in lengthy supply chain cases, producers cannot be positive that restriction levels were met. Thus, such unregulated and fluctuating standards for textile production as well as supply create a challenge for the market.

Recent Developments:

• In June 2023, Together for Sustainability (TfS), a member-driven movement to raise CSR standards across the chemical industry, collaborated with the Sustainable Chemistry for the Textile Industry (SCTI). The two organizations will now cooperate to promote convergence in standards and techniques on chemical usage in the textile and leather sectors by using the TfS Scope 3 data already available to determine the product carbon footprints (PFC) of formulations and chemicals to increase transparency.
• In October 2022, A $43 million cooperative effort was started by Bangladesh, Indonesia, Pakistan, and Vietnam to control and decrease hazardous chemicals in the textile industry. With funding from the Global Environment Facility (GEF), the South-East Asian Basel & Stockholm Convention Regional Centre, the Natural Resources Defense Council's assistance, and the UN Environment Programme (UNEP) oversee the program. Nearly 15% of worldwide apparel exports come from the four countries' textile industries, which employ more than 10 million people.
• In November 2022, Bluesign, a Wiss company, introduced Tool, an online application to undertake multidimensional evaluations of chemical goods employed by textile and related sectors. Tool's standard is to identify solutions to environmentally friendly textile manufacturing by removing dangerous compounds at every stage of the supply chain. Based on component composition, hazard attributes, process, and application data, Bluesign Tool comprehensively assesses effects on employees, customers, and the environment.

Major Key Players:

• Archroma
• Lonsen Inc.
• Evonik Industries AG
• Huntsman
• Solvay
• CHT Group

Market Segmentation:

By Process

• 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

By Product Outlook (Revenue, USD Million, Volume, Kilotons)

• Coating & Sizing Chemicals
• Colorants & Auxiliaries
• Dispersants/levelant
  • Fixative
  • UV 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
  • Curesh Resistant Agents
  • Anti-back Staining Agents
  • Others

By Fiber Type

• Natural Fiber
• Synthetic Fiber

By Application

• Apparel
  • Sportswear
  • Outerwear
  • Innerwear
  • Others
• Home Furnishing
  • Furniture
  • Drapery
  • Carpet
  • Other
• Technical Textiles
  • Agrotech
  • Buildtech
  • Geotech
  • Medtech
  • Mobiltech
  • Packtech
  • Protech
  • Indutech
  • Other

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