Global Textile Chemicals For Technical Textiles Market Insights Forecasts to 2030

• The Global Textile Chemicals for Technical Textiles market size was valued at USD 7 billion in 2021.
• The market is growing at a CAGR of 4.5% from 2022 to 2030
• The Global Textile Chemicals for Technical Textiles market size is expected to reach USD 10 billion by 2030
• North America is expected to grow the fastest during the forecast period

The Global Textile Chemicals for Technical Textiles market size is expected to reach USD 10 billion by 2030, at a CAGR of 4.5% during the forecast period 2022 to 2030. The textile chemicals for technical textiles market is anticipated to be driven by rising demand, particularly from the automotive industry. Over the course of the forecast period, product and application development is also anticipated to support market expansion.

Market Overview

Textile is a malleable substance that can be created using a number of techniques, including knitting, weaving, crocheting, and felting. Many different completed goods, including those for the kitchen, transportation, bedding, upholstery, construction, medical, protective equipment, garments, purses, and other clothing accessories, are produced using textile materials. As emerging nations grow more quickly, geotextiles are being used more frequently in the construction of national roadways. The global market for textile chemicals for technical textiles is anticipated to be directly impacted by how long the economic slump lasts in developing nations. Over the next six years, expanding environmental norms and regulations may become a significant problem for the market as a whole. The introduction of bio-based substitutes is anticipated to pose a serious threat to market expansion. Major market players have invested in R&D to achieve sustainability and gain an advantage over competitors. Over the course of the forecast period, the market is anticipated to benefit from the increased use of technical textiles in a variety of applications. The industry is anticipated to grow thanks to the increased adoption of new technology. The market for textile chemicals for technical textiles is expanding as a result of the rise of the mobiltech textile sector. Ships, cars, planes, trains, and spacecraft all frequently use mobiltech cloth in their construction. Components that are both visible and hidden are produced using mobiltech fabrics. Headliners, carpets, airbags, and seat belts are examples of visible components, whereas tyre cords and liners are examples of concealed components. These fabrics improve the efficiency of the cars while providing safety.

Report Coverage

This research report categorizes the market for global textile chemicals for technical textiles based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global textile chemicals for technical textiles market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each global textile chemicals for technical textiles market sub-segments.

Segmentation Analysis

• In 2021, the desizing agents segment dominated the market with the largest market share of 39% and market revenue of 2.73 billion.

Based on the type, the global textile chemicals for technical textiles market is categorized into Coating and Sizing Chemicals, Colorants, Auxiliaries, Finishing Agents, Desizing Agents, and Other Types. In 2021, the desizing agents segment dominated the market with the largest market share of 39% and market revenue of 2.73 billion. Desizing agent lower the molecular weight of the amylose and amylopectin molecules in starch, making them water-soluble and able to be removed from fabrics.

• In 2021, the mobiltech segment accounted for the largest share of the market, with 36% and market revenue of 2.52 billion.

Based on the application, the textile chemicals for technical textiles market is categorized into Mobiltech, Indutech, Sportech, Buildtech, Hometech, Clothtech, Meditech, Agrotech, Protech, Packtech, and Others. In 2021, the mobiltech segment accounted for the largest share of the market, with 36% and a market revenue of 2.52 billion. Ships, cars, planes, trains, and spacecraft all frequently use mobiltech in their construction. Components that are both visible and hidden are produced using mobiltech fabrics.

Regional Segment Analysis of the Textile Chemicals For Technical Textiles Market

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific emerged as the largest market for the global textile chemicals for technical textiles market, with a market share of around 38.1% and 7 billion of the market revenue in 2021.

• In 2021, Asia- Pacific emerged as the largest market for the global textile chemicals for technical textiles market, with a market share of around 38.1% and 7 billion of the market revenue. The region is using more textile chemicals as a result of the rising demand for clothing, automotive, and industrial textiles from nations like China, India, and Japan. One of China's key industries is the textile and garment sector. Data from the Ministry of Industry and Information Technology of China show that the country's textile sector continues to grow steadily in the first ten months of 2021. Industrial textiles offer several unique features, such as water and fire resistance, and are designed for a particular industry or profession. 
• The North America market is expected to grow at the fastest CAGR between 2021 and 2030, the majority of textile and chemical companies are switching to green chemicals as a result of strict environmental restrictions and a dedication to long-term objectives. North America may see an increase in the market for green textile chemicals. As a result, it is anticipated that rising consumer demand for eco-friendly goods would advance the textile chemical sector.

Competitive Landscape

The report offers the appropriate analysis of the key organizations/companies involved within the global textile chemicals for technical textiles market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players:

• The DyStar Group
• Lonsen
• The Lubrizol Corporation
• The Dow Chemical Company
• Kiri Industries
• Huntsman Corporation
• BASF SE
• Archroma,
• Omnova Solutions Inc.
• Solvay SA
• Bayer Material Science

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Some of the Key Developments:

• In February 2021, Dow debuted a cutting-edge, long-lasting water-repellent to support fabrics that are more and more sustainable. IE-8749 DOWSIL Emulsion treatment enhances fabric retention, and the finish doesn't require routine heat treatment to restore its water-repellency performance, which is a major benefit in the end product's longevity.
• In June 2020, For the formulation of water-borne screen printing inks, Dow launched a new generation hybrid binder. This allowed for better opacity, color brightness, and durability in synthetic and natural fiber fabrics for the rapidly expanding streetwear and sportswear industries. The DOWSIL Print 041 Textile Printing Ink Binder offers drop-in, waterborne alternatives to traditional textile printing inks that combine excellent performance, cost-effectiveness, and increased sustainability.

Market Segment

This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global textile chemicals for technical textiles market based on the below-mentioned segments:

Global Textile chemicals for technical textiles market, By Type

• Coating and Sizing Chemicals
•  Colorants and Auxiliaries
• Finishing Agents
• Desizing Agents
•  Other Types

Global Textile chemicals for technical textiles market, By Application

• Mobiltech
•  Indutech
• Sportech
• Buildtech
•  Hometech
•  Clothtech
•  Meditech
• Agrotech
•  Protech
•  Packtech
• Others

Global Textile chemicals for technical textiles market, Regional Analysis

• 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 Middle East & Africa