Textile Chemicals Market to Reach USD 38.9 Bn by 2031, Driven by Functional Textile Demand

The global textile chemicals market was valued at USD 26.5 billion in 2021 and is projected to reach USD 38.9 billion by the end of 2031. This growth reflects a compound annual growth rate (CAGR) of 3.9% from 2022 to 2031. The market expansion is driven by increasing demand for functional and high-performance textiles, advancements in chemical formulations, and growing applications across apparel, home furnishing, and industrial sectors.

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.

Unlock Full Market Insights: Get a Sample Report Now! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=205

Market Segmentation

The textile chemicals market can be segmented based on various factors:

By Product Type:

Coating & Sizing Chemicals: This segment held a significant share (around 30.1% in 2021) and is crucial for providing a uniform and consistent surface to yarn, enhancing its strength and reducing hairiness.

Colorants & Auxiliaries (Dyes & Dyestuff): Includes various types of dyes (acid dyes, basic dyes, direct dyes, disperse dyes, reactive dyes, sulfur dyes, vat dyes, etc.) and auxiliaries that facilitate the dyeing process and ensure colorfastness. This has emerged as a prominent product type.

Finishing Agents: These chemicals impart desirable properties like softness, wrinkle resistance, flame retardancy, water repellency, and antimicrobial effects. This segment is expected to continue dominating due to the growing need for high-performance and specialty chemicals.

Surfactants: Used as wetting agents, detergents, dispersing agents, emulsifying agents, and lubricating agents.

Desizing Agents: Used to remove sizing materials from fabrics after weaving.
Bleaching Agents: Employed to whiten fabrics.

Yarn Lubricants: Used to reduce friction during yarn processing.
Other: Includes defoamers, enzymes, resins, etc.

By Application:

Apparel: This segment dominated the market in 2021 with a 42.2% share and is projected to grow moderately. The increasing global population and rising disposable incomes are driving the demand for various apparel items.

Home Furnishing: Includes products like bed sheets, towels, curtains, and rugs. The rising expenditure on home furnishings, especially in emerging economies, is a key driver. The advent of e-commerce in this sector is further boosting demand.

Technical Textiles: This is a rapidly growing segment, driven by the increasing use of textiles for functional purposes beyond conventional apparel.

Applications span across automotive, construction, healthcare (medtech), agriculture (agrotech), packaging (packtech), and industrial sectors. Technical textiles often require specialized chemical treatments to achieve specific properties like enhanced mechanical resistance, thermal resistance, radiation resistance, and durability.

By Fiber Type:

Natural Fiber: Such as cotton, wool, silk.
Synthetic Fiber: Including polyester, nylon, acrylic. Synthetic fibers often require specific chemical treatments to achieve desired characteristics and are increasingly used in technical textiles.

By Process:

Pretreatment (Bleaching, Desizing, Scouring)
Coating (Anti-Piling, Protection, Water Proofing, Water Repellent)
Treatment of Finished Products (Softening, Stiffening)

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Regional Analysis

Asia Pacific currently dominates the global textile chemicals market, holding an estimated 65.3% share in terms of volume in 2021. The region is anticipated to continue its dominant stance, driven by factors such as abundant availability of raw materials, vast natural resources, low-cost manufacturing, and increasing industrialization. China is the largest market within Asia Pacific, accounting for a significant portion of global textile and apparel production and trade. India is also a rapidly growing market, projected to be the fastest-growing in the Asia Pacific region, fueled by rising domestic demand and exports.

Europe is a significant consumer of textile chemicals, particularly in digital printing of textiles and the production of carpets and technical fibers. The region is witnessing a focus on sustainable practices and eco-friendly chemical solutions.

North America is also a prominent market, with increasing demand for technical textiles in sectors like construction, automotive, and healthcare. The U.S. is a leading market within North America.

Market Drivers and Challenges

Market Drivers:

Growing Demand for Technical Textiles: The increasing application of technical textiles in various industries (automotive, healthcare, construction, etc.) for their enhanced functional properties is a major driver.

Rise in Apparel and Home Furnishing Demand: Increasing global population, rising disposable incomes, and changing consumer lifestyles are boosting the demand for apparel and home textiles, consequently driving the need for textile chemicals.

Focus on Enhancing Fabric Quality and Functionality: Consumers' increasing preference for high-quality, durable, and multifunctional textiles with properties like stain resistance, wrinkle-free, and antibacterial effects is driving the demand for specialized chemicals.

Technological Advancements in Textile Manufacturing: Innovations in digital printing, smart textiles, and nanotechnology are creating demand for advanced functional chemicals.

Abundant Raw Material Availability and Low-Cost Manufacturing in Asia Pacific: This makes the region a key production hub, further driving market growth.
Market Challenges:

Stringent Environmental Regulations: Governments worldwide are implementing stricter rules regarding the use of hazardous chemicals in textile production, pushing manufacturers towards cleaner and safer alternatives, which can pose compliance challenges and increase costs.

High Cost of Production: The manufacturing of certain textile chemicals, especially high-performance ones, can be costly.

Supply Chain Disruptions and Raw Material Price Volatility: Global events and geopolitical tensions can impact the supply and pricing of raw materials, affecting manufacturers' operations.

Less Availability of Efficient Labor/Professionals: A scarcity of skilled labor in certain regions can hinder market growth.

Market Trends

Sustainability and Eco-Friendly Practices: There is a significant shift towards sustainable and eco-friendly textile chemicals, including biodegradable and non-toxic formulations. This trend is driven by regulatory pressures and growing consumer awareness.

Innovation in Bio-Based Feedstocks and Enzyme-Based Chemicals: Companies are investing in research and development to create chemicals from renewable resources and utilize enzyme-based solutions that offer reduced environmental impact.

Development of Multi-functional Textile Chemicals: Growing demand for chemicals that can impart multiple properties (e.g., water repellency and flame retardancy) to fabrics.

Rise of Smart Textiles and Wearable Technology: This niche but growing segment requires specialized chemicals to integrate electronic components and enhance functionality.

Circular Economy Integration: Major players are incorporating circular economy principles into their supply chains, focusing on recycling, reducing chemical waste, and sustainable sourcing.

Digital Transformation: Automation, data analytics, and IoT are streamlining manufacturing processes and enabling better resource management in the textile chemicals sector.

Future Outlook

The future of the textile chemicals market appears promising, with continued growth expected due to the expanding global textile industry and increasing consumer demand for advanced and sustainable textiles. The focus on green chemistry, bio-based alternatives, and advanced recycling technologies will be key drivers of innovation and investment opportunities. The rising adoption of technical textiles across diverse sectors will further fuel market expansion.

Key Market Study Points

The global textile chemicals market was valued at US$ 26.5 billion in 2021, estimated to reach US$ 38.9 billion by 2031 at a CAGR of 3.9%.

Asia Pacific holds the largest market share (65.3% in 2021) due to abundant raw materials and low production costs.

Apparel is the largest application segment, while technical textiles are the fastest-growing.

Coating & sizing chemicals and finishing agents are key product types.

Sustainability and eco-friendly solutions are paramount trends, driving R&D and investment.

The market is fragmented with numerous small and large-scale manufacturers.

Competitive Landscape

The global textile chemicals market is characterized by the presence of several small and large-scale manufacturers and suppliers. Key players are focusing on expanding their manufacturing operations, adopting new technologies, and engaging in comprehensive research and development activities, particularly in sustainable solutions. Strategic activities like mergers and acquisitions are prominent as companies seek to expand their product reach and geographical footprint.

Some of the prominent players in the global textile chemicals market include:

Archroma
BASF SE
Dow Inc.
DyStar Group
Evonik Industries AG
Huntsman Corporation
Kemira Oyj
Lanxess AG
The Lubrizol Corporation
OMV AG
Pulcra Chemicals
Rudolf Group
Solvay SA
Sumitomo Chemical
Tanatex Chemicals
Transfar Chemicals Group
Wacker Chemie AG
ZSCHIMMER & SCHWARZ

Recent Developments

April 2024: BASF SE announced the certification of its sustainable polyamide PA6 and PA6.6 product range for textile applications under the Recycled Claim Standard.

October 2024: Researchers developed waterproof coatings from textile waste, promoting sustainability in the industry.

May 2023: DyStar announced its eco-advanced indigo dyeing, which can significantly reduce energy and water consumption in the production process.

April 2022: DuPont committed to using renewable power for manufacturing its Kevlar, Nomex, and Tyvek brands, aligning with 2030 sustainability initiatives.
March 2022: Freudenberg Performance Materials launched "Evolon RE," a sustainable version of its high-performance microfilament textiles.

February 2022: Fabiosys Innovations developed "Fabium," an affordable and highly effective antiviral fabric using Hi-PAT technology.

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=205<ype=S

These developments highlight the industry's commitment to innovation, particularly in creating more sustainable and high-performance chemical solutions for the evolving textile market.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Want to know more? Get in touch now. -https://www.transparencymarketresearch.com/contact-us.html

This release was published on openPR.