Textile Chemicals Market Size, Share & Trends Analysis, Growing Industry Demand, and Segment Forecast till 2030 | The DyStar Group, Lonsen, The Lubrizol Corporation
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.
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
★ The Lubrizol Corporation
★ The Dow Chemical Company
★ Kiri Industries
★ Huntsman Corporation
★ BASF SE
★ Omnova Solutions Inc.
★ Solvay SA
★ Bayer Material Science
*Disclaimer: Major Players are sorted in no particular order.
By Product Type:
✦Coating & Sizing Chemicals
✦ Colorants & Auxiliaries
✦ Finishing Agents
✦ Desizing Agents
✦ Bleaching Agents
✦ Yarn Lubricants
✦ Home Furnishing
• 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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• 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
126.96.36.199. Market Attractiveness Analysis, By Type
188.8.131.52. Market Attractiveness Analysis, By End Use
184.108.40.206. 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
3.1.3. 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 . . .)
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