Textile Chemicals Market Growth Accelerates: Strategic Forecast Predicts $35.01 Billion by 2029

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What Is the Expected CAGR for the Textile Chemicals Market Through 2025?
Recent years have seen a robust expansion in the size of the textile chemicals market. The market value, which is projected to swell from $25.33 billion in 2024 to $26.85 billion in 2025, will experience a compound annual growth rate (CAGR) of 6.0%. The impetus for this surge during the historic period span can be traced back to a combination of factors such as the expansion of the textile industry, changing consumer preferences for a variety of textiles, worldwide fashion trends, compliance with environmental and regulatory norms, and innovative developments in textile manufacturing.

What's the Projected Size of the Global Textile Chemicals Market by 2029?
In the coming years, a substantial growth surge is anticipated in the textile chemicals market size. The expected market value is projected to reach $35.01 billion by 2029, progressing at a compound annual growth rate (CAGR) of 6.9%. Elements contributing to this predicted expansion in the forecast period include advancements in sustainable textile production, implementation of technical textile applications, an uptick in disposable income, internationalization of textile supply chains, and tight quality norms. The forecast period is also expected to see key trending developments such as the production of textile chemicals specifically for digital printing, a heightened emphasis on antimicrobial textile treatments for hygiene and health purposes, the unveiling of specialty chemicals for technical textiles, partnerships for sustainable textile chemistry research, and the embrace of textile chemicals in support of circular fashion activities.

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Top Growth Drivers in the Textile Chemicals Industry: What's Accelerating the Market?
The anticipated surge in textiles requirements is set to fuel the need for textile chemicals throughout the forecast period. The entire textile ecosystem involves comprehensive research, inventive designs, product development, manufacture, and finally, distribution of textiles, fabrics, and clothing. Textile chemicals play a pivotal role in enhancing different stages of textile production including fiber manufacturing, yarn processing, fabric dyeing, and finishing. These chemicals not only enhance operational efficiency but also result in reduced processing times and improved product quality. As reported by the India Brand Equity Foundation, a Trust created by the Department of Commerce, Ministry of Commerce and Industry of the Indian Government, the textile and apparel exports of India (including handicrafts) reached US$ 44.4 billion in FY22, marking a 41% annual growth. Consequently, this escalating need for textiles is predicted to drive the demand for textile chemicals to produce superior quality products.

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What Trends Will Shape the Textile Chemicals Market Through 2029 and Beyond?
The upward trend of technological advancement in the textile chemicals industry is gaining traction. Businesses in this sector are honing in on the creation of textiles using cutting-edge technologies such as non-fluorinated long-lasting water resistance. For instance, in April 2024, the specialty chemicals firm Archroma, based in Switzerland, debuted the PHOBOTEX NTR-50 LIQ. Crafted to deliver superior water resistance across a variety of fiber types while maintaining a soft texture and eliminating potential problems like yellowing and chalking, this product is notably effective with synthetic fibers and their combinations. This makes it an ideal solution for use in clothing, outdoor gear, and domestic textiles.

What Are the Main Segments in the Textile Chemicals Market?
The textile chemicals market covered in this report is segmented -

1) By Product Type: Coating And Sizing Chemicals, Finishing Agents, Colorants And Auxiliaries, Surfactants, Desizing Agents, Yarn Lubricants, Bleaching Agents
2) By Fiber Type: Natural Fiber, Synthetic Fiber
3) By Application: Apparel, Home Furnishing, Automotive Textile, Industrial Textile, Other Applications

Subsegments:
1) By Coating And Sizing Chemicals: Starch-Based Coating Agents, Synthetic Coating Agents, Sizing Agents
2) By Finishing Agents: Water Repellent Agents, Wrinkle-Free Agents, Flame Retardants, Softening Agents, Anti-Microbial Agents
3) By Colorants And Auxiliaries: Dyes, Pigments, Printing Auxiliaries
4) By Surfactants: Anionic Surfactants, Cationic Surfactants, Non-Ionic Surfactants, Amphoteric Surfactants
5) By Desizing Agents: Enzymatic Desizing Agents, Chemical Desizing Agents
6) By Yarn Lubricants: Mineral Oil-Based Lubricants, Synthetic Lubricants, Natural Lubricants
7) By Bleaching Agents: Hydrogen Peroxide, Sodium Hypochlorite, Sodium Chlorite

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Which Top Companies are Driving Growth in the Textile Chemicals Market?
Major companies operating in the textile chemicals market 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.

Which Regions Will Dominate the Textile Chemicals Market Through 2029?
Asia-Pacific was the largest region in the textile chemicals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the textile chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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