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Textile Chemicals Market Size, Share & Trends Analysis, Growing Industry Demand, and Segment Forecast till 2030 | The DyStar Group, Lonsen, The Lubrizol Corporation

12-01-2023 12:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Textile Chemicals Market Analysis

Textile Chemicals Market Analysis

Market Overview:

Textile chemicals are used in textile processing such as pre-treatment, dyeing, printing and finishing. This includes chemicals used for washing, bleaching, sizing and other purposes. Textile chemicals enhance properties such as wrinkle resistance, water absorption and provides other functional properties to fabrics.

Market Dynamics:

The global textile chemicals market is witnessing high growth owing to rising demand for textile chemicals from emerging economies such as China, India and Brazil. These countries are experiencing rapid urbanization and growth in population which is increasing the demand for textiles and subsequently textile chemicals. Additionally, the increasing demand for value-added fabrics with specialized properties like antimicrobial, flame retardant and moisture wicking is also fueling the growth of textile chemicals market. Furthermore, the increasing disposable income is enabling the customers to spend more on sophisticated clothing with specialized textile chemical treatments. However, stringent regulations related to toxicity of chemicals may hinder the market growth during the forecast period.

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Major market players included in this report are:

★ 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

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Product Type:
✦Coating & Sizing Chemicals
✦ Colorants & Auxiliaries
✦ Finishing Agents
✦ Surfactants
✦ Desizing Agents
✦ Bleaching Agents
✦ Yarn Lubricants

By Application:
✦ Home Furnishing
✦ Apparel
✦ Industrial

Regional Analysis:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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✤ Top Market Drivers for Textile Chemicals Market

⋆ Increasing Demand for eco-friendly and specialty textile chemicals

The rising concerns over the toxic effects of chemical residues in textiles and increasing regulations regarding the usage of hazardous chemicals is fueling the demand for eco-friendly and specialty textile chemicals. Manufacturers are focusing on developing bio-based and organic chemical products to cater to the growing needs of environment-conscious consumers. Specialty textile chemicals such as antimicrobial, flame retardant, water and stain repellents are also gaining widespread acceptance in the industry due to their performance enhancing properties.

⋆ Growth of technical textiles and its treatment chemicals

Technical textiles market comprising of industries like automotive, construction, agriculture, healthcare etc is growing at a robust pace globally. This expansion is generating significant demand for textile chemicals specially formulated for technical textiles applications. For example, durable water repellent (DWR) chemicals for protective clothing, antimicrobial chemicals for medical textiles, flame retardants for industrial safety materials. Rapid industrialization and infrastructure development activities are further propelling the market for technical textiles and associated specialty textile chemicals.

✤ Top Market Restrain for Textile Chemicals Market

⋆ Stringent environment regulations on hazardous chemicals

Growing awareness about environment protection and potential health hazards of chemical residues have led to enactment of stringent laws regarding the usage of toxic substances in textiles. Regulations like EU's REACH are compelling manufacturers to reduce the concentration of hazardous chemicals or replace them completely with safer alternatives. This transition requires huge research investments and raises production costs, adversely impacting small players. Complying with the dynamic regulatory framework poses a major challenge for the textile chemicals industry.

✤ Top Market Opportunity for Textile Chemicals Market

⋆ Surging demand for nanotechnological textile chemicals

Nanotechnology is revolutionizing textiles with innovative finishes that provide enhanced properties like water, stain and dirt repellency as well as thermal regulating and antimicrobial effects. Growing adoption of nano-textiles in industries such as healthcare, sportswear, home furnishing and protective clothing has opened lucrative opportunities for nano-textile chemicals manufacturers. Additionally, development of nano-self-cleaning, nano-energy harvesting and other advanced functionalities using nanomaterials is further widening the scope for nanotechnological textile chemicals.

✤ Top Market Trends in Textile Chemicals Market

⋆ Rising popularity of bio-based and organic textile chemicals

Concerns over toxic residues and increasing stringency of environmental policies are propelling textile brands and product manufacturers to shift towards more sustainable bio-based and organic textile chemical alternatives. Many leading chemical suppliers are focusing on developing plant-derived eco-friendly finishing agents such as bio-polymers, bio-surfactants and bio-chelating agents. The trend signifies a gradual transition towards a greener textile industry with minimum dependence on petrochemical resources. Growing consumer preference for apparels made from natural or organic fibers is expected to further bolster demand for bio-textile chemicals in the coming years.

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Key Questions

• How much revenue will the global Textile Chemicals Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Textile Chemicals Market?

• What are the indicators expected to drive the global Textile Chemicals Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Textile Chemicals Market to expand their geographical presence?

• What are the major advancements witnessed in the global Textile Chemicals Market?

• This report answers these questions and more about the global Textile Chemicals Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Textile Chemicals Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

Contact Us:

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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