Europe Textile Chemicals Market Current Trends and Future Opportunities Analysis Report

Textile Chemicals Market Outlook 2031

The global textile chemicals market was valued at US$ 26.5 Bn in 2021

It is estimated to grow at a CAGR of 3.9% from 2022 to 2031

The global textile chemicals market is expected to reach US$ 38.9 Bn by the end of 2031

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 -https://www.transparencymarketresearch.com/textile-chemicals-market.html

Overview of Global Textile Chemicals Market

Textile chemicals are highly specialized chemicals that are used in different processes, including pre-treatment, dyeing, printing, and finishing, in the production of textiles. Chemicals used in the textile industry provide desirable properties to textiles. The global textile chemicals market is significantly driven by the rise in demand for apparel, growth in home furnishing activities, and lucrative presence of manufacturers of textile chemicals across the globe.

Rise in Demand for Apparel to Drive Textile Chemicals Market

Based on application, the apparel segment dominated the global textile chemicals market with 42.2% share in 2021. Furthermore, the segment is projected to grow at a moderate CAGR of 3.7% during the forecast period. Apparel products include active wear, children and adult personal clothing, casual wear and formal wear, lingerie, undergarments, sportswear, and fashion accessories (scarfs, belts, socks, etc.). Demand for apparel products is rising at a rapid pace owing to the increase in population and rise in disposable income of the people across the globe.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=205

Growth in awareness about health, hygiene, and safety is a key factor that is likely to propel the demand for apparel in the near future. China and India have been prominent markets for apparel production and usage. High economic growth is anticipated to be a major driver of the apparel market in both these countries during the forecast period. Growth of end-use industries is expected to lead to a trickle-down effect in the local manufacturing value chain, thus benefitting national manufacturers.

Changing Home Furnishing Trends to Augment Global Textile Chemicals Market

Home furnishing is a key application of textile chemicals. Advent of e-commerce in home furnishing is likely to propel the home furnishing segment. Rise in expenditure on home furnishing in developing economies such as India, China, and Thailand is expected to drive the textile chemicals market, as textile chemicals are widely used in the manufacture and spinning process of home textiles.

North America and Europe are the prominent markets for home furnishing. Leading players such as IKEA and H&M Home are adopting expansion strategies to tap revenue opportunities in the home textile industry in Asia Pacific. Textile chemicals are also used in the manufacture of furniture upholstery. Increase in demand for new house construction and rise in urbanization are factors contributing to the rising demand for textile chemicals.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=205

High Demand for Coating and Sizing Agents to Propel Textile Chemicals Market

In terms of type, the global textile chemicals market has been classified into coating & sizing agents, dyes & dyestuff, finishing agents, surfactants, desizing agents, bleaching agents, yarn lubricants, antimicrobial agents, textile chemical dyes, and others.

The coating & sizing agents segment accounted for major share of 30.1% of the global market in 2021. The segment is estimated to grow at a CAGR of 4.1% during the forecast period. Coating and sizing agents provide a uniform and consistent surface to yarn. Coating and textile sizing chemicals possess various properties such as excellent resistance, friction, and tension to yarn. They can reduce hairiness and increase smoothness. Textile auxiliaries are also widely used for washing and dying of yarns and fabrics.

Regional Outlook of Global Textile Chemicals Market

In terms of volume, Asia Pacific held 65.3% share of the global textile chemicals market in 2021. The textile chemicals market in the region is anticipated to grow at a CAGR of 4.2% and 3.8% in terms of value and volume, respectively, during the forecast period. Abundant availability of raw materials, vast natural resources, and low-cost manufacturing are some of the key factors boosting the textile chemicals market in Asia Pacific. In terms of volume, Europe and North America were prominent regions of the global textile chemicals market, holding 18.4% and 13.3% share, respectively, in 2021.

Analysis of Key Players in Global Textile Chemicals Market

The global textile chemicals market comprises several small and large-scale manufacturers and suppliers who control a majority of the share. Most of the firms are adopting new technologies and strategies with comprehensive research and development activities, primarily to expand their manufacturing operations.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=205

Growth of product portfolios and mergers and acquisitions are notable strategies adopted by key players. Lonsen Inc., Archroma, Huntsman International LLC, Solvay S.A., DyStar Singapore Pte Ltd, Huntsman International LLC, Covestro AG, Evonik Industries AG, The Lubrizol Corporation, OMNOVA Solutions Inc, Fibro Chem LLC, Tata Chemicals Ltd, The Dow Chemical Company, CHT Switzerland AG, and CHT Group are the prominent players operating in the textile chemicals market.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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