Press release
Textile Chemicals Global Market Report 2025: An Insight into Market Size, Growth Projections, and Industry Trends
What Is The Projected Market Size Of The Global Textile Chemicals Market And Its Growth Rate?
The textile chemicals market is witnessing robust growth with the following key projections:
* The market size grew from $25.33 billion in 2024 to a predicted $26.85 billion in 2025, marking a compound annual growth rate (CAGR) of 6.0%.
* The growth observed during this period can be attributed to the expansion of the textile industry, increasing consumer demand for various textiles, evolving global fashion trends, environmental regulation, and innovations in textile manufacturing.
* The market size is anticipated to further rise to $35.01 billion in 2029, at a CAGR of 6.9%.
* The forecasted growth can be linked to sustainable textile production, applications of technical textiles, increasing disposable income, globalization of textile supply chains, and stringent quality standards.
What Is Driving The Growth In The Textile Chemicals Market?
The surge in demand for textiles is propelling the growth of the textile chemicals market. The textile industry, incorporating the research, design, development, manufacturing, and distribution of textiles, fabrics, and clothing, relies heavily on textile chemicals to streamline manufacturing processes at various stages, such as fiber production, yarn processing, fabric dyeing, and finishing. These chemicals enable increased efficiency, expedited processing, and improved product quality. The growing demand for textiles, as evidenced by the rise in India's textile and apparel exports to US$ 44.4 billion in FY22, reported by India Brand Equity Foundation, fuels the demand for textile chemicals for producing superior quality products.
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Who Are the Key Players Driving Textile Chemicals Market Growth?
The major players driving the market growth include:
* BASF SE
* Dow Inc.
* Evonik Industries AG
* Covestro AG
* Solvay SA
* Formosa Organic Chemical Industry Co Ltd.
* Arkema SA
* AkzoNobel NV
* Wacker Chemie AG
* The Lubrizol Corporation
* Kemira Oyj
* Croda International plc
* Huntsman Corporation
* CHT Group
* Kemin Industries Inc.
* NICCA Chemical Co Ltd.
* Giovanni Bozzetto SpA
* Pulcra Chemicals GmbH
* DIC Corporation
* Kiri Industries Limited
* Archroma India Pvt Ltd.
* Indofil Industries Ltd.
* Fineotex Chemical Limited
* Tanatex Chemicals BV
* Chemipol SA
* Achitex Minerva SpA
* Jintex Corporation Ltd.
* Sarex Chemicals
* Lonsen Inc.
* Tata Chemicals Ltd.
What Are The Key Trends In The Textile Chemicals Market?
Emerging trends in the industry include:
* Development of textile chemicals for digital printing
* Focus on antimicrobial textile treatments for enhanced hygiene and health
* Introduction of specialty chemicals for technical textiles
* Research collaborations for sustainable textile chemistry
* Adoption of textile chemicals for circular fashion initiatives
What Are The Segments Of The Global Textile Chemicals Market?
The textile chemicals market encompasses various segments:
1) Product Type: Coating And Sizing Chemicals, Finishing Agents, Colorants And Auxiliaries, Surfactants, Desizing Agents, Yarn Lubricants, Bleaching Agents
2) Fiber Type: Natural Fiber, Synthetic Fiber
3) Application: Apparel, Home Furnishing, Automotive Textile, Industrial Textile, Other Applications
Which Region Leads The Textile Chemicals Market?
Asia-Pacific held the largest market share in the textile chemicals market in 2024 and is forecasted to continue as the fastest-growing region. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Textile Chemicals Market Report?
- Market Size Analysis: Analyze the Textile Chemicals market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Textile Chemicals market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Textile Chemicals market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Textile Chemicals market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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