Global Textile Chemicals Market Size To Worth USD 39.46 Billion by 2033 | CAGR of 4.09%
Category: Chemicals & MaterialsGlobal Textile Chemicals Market Size To Worth USD 39.46 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Textile Chemicals Market is to Grow from USD 26.42 Billion in 2023 to USD 39.46 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.09% during the projected period.
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Browse key industry insights spread across 220 pages with 115 Market data tables and figures & charts from the report on the "Global Textile Chemicals Market Size, Share, and COVID-19 Impact Analysis, By Type (Coating and Sizing Chemicals, Colorants and Auxiliaries, Finishing Agents, Desizing Agents), By Fiber type (Natural, Synthetic) By Application (Apparel, Home Furnishing, Automotive Textile, Industrial Textile), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/textile-chemicals-market
Textile chemicals are substances used in textiles to increase output. Different chemical compounds that are used at various stages of the production and assembly of textiles make up textile chemicals. These substances are significant because they enhance the performance, feel, and appearance of clothing. They are employed in the pre-treatment, dying, printing, and finishing stages to achieve particular qualities such as robustness, color fastness, water resistance, and flame resistance. Natural textiles include things like hemp, wool, flax, silk, cotton, bamboo, and hemp; synthetic textiles include things like polyester, spandex, nylon, acrylic, and rayon. The use of chemicals in textile production has developed into a highly specialized industry that employs a wide variety of organic and inorganic chemicals to provide textiles with aesthetic and functional properties. It is anticipated that during the forecast period, there will be continued advancements in the development of chemistry formulations for tailored applications in textile production. However, the disposal of textile effluent, which is subject to strict environmental restrictions could restrict the market growth.
The coating and sizing chemicals segment hold the largest market share.
Based on type, the textile chemicals are divided into coating and sizing chemicals, colorants and auxiliaries, finishing agents, desizing agents. Among these, the coating and sizing chemicals segment hold the largest market share. Coating and sizing chemicals held the biggest revenue share in the market. This significant amount is a result of the expanding geotextile, automobile, outdoor clothing, and aerospace markets. The need for sizing chemicals will increase globally during the forecast period to guarantee correct fabric size during the finishing process. The most popular natural pastes consist of dextrin, gelatin, wheat, and corn. During the weaving process, water-soluble polymers—also known as textile-sizing chemicals or agents—are employed to protect strands from mechanical stress. Sizing agents and coatings help producers meet these needs.
The synthetic fiber sector is anticipated to fuel market growth.
Based on fiber type, the textile chemicals are classified into natural, synthetic. Among these, the synthetic fiber sector is anticipated to fuel market growth. Synthetic fibers are more robust and can be colored more easily. Furthermore, a lot of synthetic textiles have practical features including flexibility, stain resistance, and waterproofing. Polyester, the most used synthetic material, is used to reinforce tires, hoses, belts, and a variety of clothing items. Nylon-based synthetic fibers find extensive application in the automotive and home based- product. Consumer interest in home furnishings, such as carpets, upholstery, blankets, and bed linens, is predicted to increase due to the population's rapid growth.
The apparel segment holds the largest market share.
Based on application, the textile chemicals are classified into apparel, home furnishing, automotive textiles, and industrial textiles. Among these, the apparel segment holds the largest market share. The apparel manufacturing sector makes up the majority of the textile industry in terms of both volume and value. This large-scale production requires a variety of chemicals to complete operations including finishing, sizing, and dying. Furthermore, to achieve desired attributes like color fastness, softness, water resistance, and durability, certain chemical treatments are required for the various types of fabric (natural, synthetic, and blended) used in the making of clothes. The requirement for textile chemicals in the production of technology textiles is rapidly increasing for several reasons.
Asia-Pacific is having the biggest share of the global textile chemicals market over the forecast period.
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Asia Pacific is anticipated to be the most lucrative region. The expansion of the region can be ascribed to the widespread need for textiles from developing countries like China and India, which are well-known for their industries producing apparel and home furnishings. The government's encouraging initiatives in this field are contributing to the growth of the chemical industry. The nation's transition into a hub for the production of chemicals, particularly specialty chemicals, is anticipated to be greatly impacted by India's "Make in India" initiative. Government incentives for small businesses and the development of various relatively inexpensive manufacturing routes in the Asia Pacific, such as those in Vietnam, Bangladesh, and Indonesia, are further driving the industry.
Europe is predicted to grow fastest pace throughout the forecast period. The market for textile chemicals has historically been influenced by the European textile industry and chemical innovation. In order to produce novel textile chemicals that enhance the performance, functionality, and durability of products, research and development are given top priority. Developments in sustainable chemistry, uses of nanotechnology, and dyeing technologies are driving the market's growth.
Major vendors in the global textile chemicals market include, Govi N.V, Huntsman International LLC, Kemira Oyj, Kiri Industries Ltd.LANXESS, OMNOVA Solutions Inc, Omya United Chemicals, Organic Dyes and Pigments, Resil Chemicals Pvt. Ltd, Solvay S.A, The Lubrizol Corporation, Evonik Industries AG, Fibro Chem, LLC, German Chemicals Lt, and Others.
Recent Developments
- In January 2024, the well-known innovator in sustainable textile finishes, Devan Chemicals, is thrilled to announce that be attending Heimtextil 2024. Devan cordially welcomes guests to visit booth A21 in Hall 11.0 to see firsthand the newest sustainable textile finishes that the company has created.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global textile chemicals market based on the below-mentioned segments:
Global Textile Chemicals Market, By Type
- Coating and Sizing Chemicals
- Colorants and Auxiliaries
- Finishing Agents
- Desizing Agents
Global Textile Chemicals Market, By Fiber Type
- Natural
- Synthetic
Global Textile Chemicals Market, By Application
- Apparel
- Home Furnishing
- Automotive Textile
- Industrial Textile
Global Textile chemicals Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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