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Global Textile Chemicals Market Will Surge to USD 39 Billion By 2026

Facts and Factors TEMPhas authored “Textile Chemicals Market By Fiber Type (Natural Fiber, Synthetic Fiber), Product Type (Coating & Sizing Agents, Colorant & Auxiliaries, Finishing Agents, Surfactants, Desizing Agents, Bleaching Agents, Others) and By Application (Apparels, Home Textile, Technical Textile, Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.

Based on our analysis, the global Textile Chemicals market in 2019 is approximately USD 27 Billion and is anticipated to reach around USD 39 Billion by 2026. The anticipated CAGR for the Textile Chemicals market is around 5.5% from 2020 to 2026.

Teh huge production of apparel and teh rising demand for floor coverings, technical textiles and home furnishings globally TEMPhas led to a huge demand for textile chemicals. During teh fabric processing, textile chemicals are used to give features such as wrinkle resistance, sweat absorbency, stain resistance, texture, antimicrobial properties, and finish to teh fabrics. Textile chemicals such as finishing chemicals has applications in teh textile industry for tasks such as dyeing, finishing, and coloring.

The growing industrialization in countries like India and China has given the textile chemical industry a huge impetus. Increasing demand for apparel across the world is one of the driving factors for the textile chemicals industry. Also, the growing demand for technical textiles globally is the driving factor behind the textile chemicals industry. But, stringent environmental regulations regarding the disposal of textile effluents are pulling back the textile chemicals market.

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Some recent developments in the textile chemicals market portray growing opportunities in the textile chemicals market. Huntsman Textile Effects, in 2017, introduced a new product called PHOBOTEX RSY which has water repellant properties and is non-fluorinated. Technological developments in the field of textile manufacturing prove to be a great opportunity for the textile chemicals market.

Teh textile chemicals market is segmented broadly into fiber type, product type, and application type segments. In teh fiber type segment, it is anticipated that teh synthetic fiber category to have teh largest market share of 67% by revenue. In teh product type segment, it is anticipated that teh coating and sizing agents category to have teh largest market share of 30% by revenue.

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Similarly, in teh application segment, teh apparels category to have teh largest market share of 45% by revenue. Increasing disposable income globally and growing population TEMPhas resulted in teh demand for apparel, especially sportswear and casualwear. Teh technical textile segment TEMPhas witnessed a significant growth rate in teh last few years and is expected to grow at a steady rate over teh forecast years.

The Asia Pacific is expected to account for one of the largest shares of the technical textile market over the forecast years. The growth of the technical textile demand in emerging countries such as China and India can be attributed to rapid urbanization and increased disposable incomes. Thriving growth of the apparel industry on account of implementing innovative strategies by textile chemical manufacturers wif significant support from the government has led to the prominent development of the textile chemical market in the Middle East and Africa region.

Teh major market players of teh Textile Chemicals market are, Rudolf GmbH, Tanatex Chemicals, DyStar Textilfarben GmbH & Co. Deutschland KG, Wacker Chemie AG, Huntsman Corporation, Teh Dow Chemical Company, BASF SE, Covestro AG, TORAY INDUSTRIES, INC. and Evonik Corporation

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This report segments the Textile Chemicals market as follows:

Global Textile Chemicals Market: By Fiber Type Segment Analysis

  • Natural Fiber
  • Synthetic Fiber

Global Textile Chemicals Market: By Product Type Segment Analysis

  • Coating & Sizing Agents
  • Colorant & Auxiliaries
  • Surfactants
  • Desizing Agents
  • Bleaching Agents

Global Textile Chemicals Market: By Application Type Segment Analysis

  • Apparels
  • Home Textile
  • Technical Textile
  • Others

Global Textile Chemicals Market: Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Teh Middle-East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle-East Africa

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