#Textile Chemicals Market

[industryinsightsandanalysis]

Textile Chemicals Market Size, Share, Growth & Forecast

Textile Chemicals Market was estimated to be around 26 billion in 2020 and is anticipated to display a CAGR of above 4% over the forecast period (2021-2027). With rising technical advancements in machinery and textile manufacturing process for textile and apparel industries and surge in demand for home furnishing products, resulting in demand of large amount of textile chemicals resulting in expansion of textile chemicals market. Textured filament yarn of polyester which is extensively used in knitting and weaving to make home textiles like bed linens and curtains has vast usage in residential, healthcare and hospitality industry which has led to increase in its exports. In addition to this, the increase in manufacture of polyester yarn for exports led to consumption of chemicals for further advancements, thereby expanding textile chemical market. For instance, in 2020, China exported textured filament yarn of polyester was valued to nearly USD 1.6 Bn.

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Novel corona virus has negatively impacted the supply and demand of textile chemicals by suspension of manufacturing units and border closure to stop the spread of virus. However, since pandemic exposes inefficiencies in its value chains, therefore companies and countries have responding by accelerating investments in initiatives to reduce risks, improve productivity, and leverage alternative products, processes, and markets.

Based on fiber type, textile chemicals market is bifurcated into natural and synthetic fiber. Currently, synthetic fibers hold a prominent market share due to large demand of polyester, nylon, acrylic and polyolefin in sportwear market. Natural fiber category is likely to witness high growth rate due to rising awareness among population with the benefits associated with the use of natural fibers. Natural textile fibers are plant-based or animal-based. Both have different benefits for instance, Cotton fabrics are comfortable, very soft, have good heat conduction and absorbency; these characteristics make it perfect for garments that are in close contact with the skin, both in spring-summer and fall-winter seasons.

Based on product type, textile chemicals market in divided into coating & sizing agents, colorant & auxiliaries, furnishing agents, surfactants, desizing agents, bleaching agents, and others. Among all, desizing and colorants holds a considerable market share. This is mainly due to their extensive usage in large segment of textiles. Although, furnishing agents also hold a prominent market share for premium aesthetic textiles manufacturing.

On the basis of application, textile chemicals market is divided into apparels, home textiles, technical textiles, others. Currently, apparels and home textiles hold considerable market share which is mainly owing higher purchasing power of end users. Further, Covid-19 propelled the demand for sportswear. During lockdown majority of population opted to wear comfortable apparels thereby escalating the demand for textile chemicals used in apparel category.

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Additionally, the report provides detailed initiatives that are being taken in the field of textile chemicals. The market is classified into distinct regions including North America, Europe, Asia Pacific, and the Rest of World. Asia Pacific constitutes the prominent market for the industry in 2020 owing to growing population leading to high demand for textiles thus increasing the demand for textiles chemicals.

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[poonamcmi]

Textile Chemicals Market Primed for Growth on Back of Increasing Demand for Functional Textiles'

Textile chemicals are widely used in textile processing to improve the physical and chemical properties of fabrics during spinning, weaving, printing, dyeing, and finishing processes. These chemicals offer numerous benefits such as stain resistance, wrinkle resistance, water repellence, UV protection, flame retardancy, and antimicrobial properties. The growing demand for technical textiles with enhanced aesthetics and performance in different sectors such as automotive, protective clothing, furniture, and home furnishings is primarily driving the market growth.

The global textile chemicals market size is expected to reach US$ 41.40 Bn by 2031, from US$ 31.32 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.8% during the forecast period. Key Takeaways

Key players operating in the textile chemicals market are Cisco System Inc., Schneider Electric, Wipro Consumer Lighting, Avnet Inc., Crestron Electronic Inc., Honeywell International Inc., Inventronics Inc., Philips Lighting Holding B.V.(Signify Holding), Legrand, Jaquar India.

The increasing demand for eco-friendly textile treatments and specialty chemicals offering unique properties presents lucrative opportunities for players in the Textile Chemicals Market Demand manufacturers are focusing on expanding their production capacities in Asia Pacific and Latin America to cater to the increasing demand from developing countries.

Key players operating in the textile chemicals are Cisco System Inc., Schneider Electric, Wipro Consumer Lighting, Avnet Inc., Crestron Electronic Inc., Honeywell International Inc., Inventronics Inc., Philips Lighting Holding B.V.(Signify Holding), Legrand, Jaquar India. The growing adoption of technical and performance fabrics in various industries coupled with rising consumer spending on apparel and home décor in developing regions is fueling the global expansion of the textile chemicals market.

Market Drivers

The growing demand for technical textiles with enhanced performance attributes is one of the major drivers of the global Textile Chemicals Market Size And Trends  Technical textiles incorporate special chemicals and fibers to impart properties like moisture management, thermal regulation, ultraviolet protection, water and stain resistance. Their increasing usage in industries like agriculture, construction, automotive, sportswear and protective wear is propelling the market growth. Moreover, stringent government regulations regarding the use of environment-friendly chemicals in textile production are compelling manufacturers to develop bio-based and sustainable textile chemicals.

PEST Analysis

Political: The global textile chemicals market is significantly influenced by environmental regulations regarding the use of hazardous chemicals. Chemical production and trade compliances make supply chain complex.

Economic: Economic growth and rising disposable incomes are driving demand for apparel and home textiles. This is increasing the consumption of textile chemicals for various finishing applications in the textile industry.

Social: Changes in fashion trends and demand for eco-friendly and sustainable textiles are prompting manufacturers to develop green chemistry solutions for textile processing. Customers prefer chemical-free and naturally derived textile products.

Technological: Advancements in nanotechnology and biotechnology are paving way for innovative textile chemicals. Enzymes and microcapsule technologies help achieve desired textile properties with minimal chemical usage and effluent generation. Digitalization aids process automation.

The Asia Pacific region accounts for over half of the global textile chemicals market value owing to heavy concentration of textile manufacturing industries in China, India, Bangladesh and Vietnam. Abundant raw material availability and cheap labor have strengthened Asia Pacific's dominance.

North America is the fastest growing regional market driven by increasing textile exports from the region. Presence of leading international brands and shift of production capacities from Asia to Mexico are fueling the consumption of textile chemicals in North America. Get More Insights On, Textile Chemicals Market About Author: Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

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Textile Chemicals Market was estimated to be around 26 billion in 2020 and is anticipated to display a CAGR of above 4% over the forecast period (2021-2027)

[chemanalystdata]

Textile Chemicals Market Size, Share | Global Analysis, Growth & Forecast | ChemAnalyst

According to ChemAnalyst report, “Textile Chemicals Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, By Application, By Type, Distribution Channel, Regional Demand, 2015-2030", Textile Chemicals demand stood at 1.13 Million Tonnes in 2020 and is forecast to reach 1.90 Million Tonnes by 2030, growing at a healthy CAGR of 5.35% until 2030.

The textile chemicals market is witnessing significant growth and transformation as the textile industry adapts to changing consumer demands and sustainability requirements. Textile chemicals play a crucial role in various stages of textile production, including pre-treatment, dyeing, printing, and finishing. With the growing textile industry and increasing focus on quality, innovation, and sustainability, the global textile chemicals market is poised for substantial expansion.

One of the primary drivers of the textile chemicals market is the rising demand for high-quality and aesthetically appealing textiles. Textile chemicals are used to enhance the performance, durability, and appearance of fabrics. They help in achieving desired colors, prints, and finishes that meet consumer expectations. With evolving fashion trends, increasing disposable incomes, and a growing population, the demand for innovative and visually appealing textiles is on the rise, thereby driving the textile chemicals market.

Read Full Report Here: https://www.chemanalyst.com/industry-report/textile-chemicals-market-566

Furthermore, sustainability is a key factor shaping the textile chemicals market. The industry is increasingly focused on reducing its environmental impact and improving the sustainability of textile production. Textile chemicals manufacturers are investing in research and development to develop eco-friendly alternatives that minimize water and energy consumption, reduce waste generation, and lower emissions. Sustainable textile chemicals, including bio-based dyes and auxiliaries, are gaining prominence as they offer reduced environmental footprint without compromising performance.

Additionally, the growing adoption of digital printing technologies in the textile industry is fueling the demand for textile chemicals. Digital printing eliminates the need for traditional printing methods, such as screen printing, and offers advantages such as shorter lead times, customization options, and reduced water and chemical consumption. Textile chemicals specifically designed for digital printing, such as colorants and pretreatment agents, are in high demand, driving the growth of the market.

Moreover, stringent regulations regarding worker safety, environmental protection, and product quality are shaping the textile chemicals market. Manufacturers are required to comply with various regulations and standards to ensure the safe use of chemicals, minimize hazardous emissions, and meet quality standards. This has led to the development of safer and more sustainable textile chemicals that adhere to regulatory requirements.

Request sample Report:  Textile Chemicals Market Research ReportMajor players for Textile Chemicals globally include Achitex Minerva S.p.A., Arkema Inc., Chemipol, Covestro AG, Dow, Formosa Organic Chemical Industry Co Ltd, Kemira, L. N. Chemical Industries, Nouryon, Sarex, Tanatex Chemicals B.V., The Lubrizol Corporation, Wacker Chemie AG. 

Despite the positive growth prospects, the textile chemicals market faces challenges such as fluctuating raw material prices and the need for continuous innovation. Manufacturers are investing in research and development activities to develop advanced textile chemicals that offer improved performance, lower environmental impact, and cost-effectiveness.

In conclusion, the textile chemicals market is experiencing significant growth driven by the demand for high-quality textiles, sustainability concerns, and technological advancements. Innovation in textile chemicals, along with a focus on sustainability, is reshaping the industry. Manufacturers are striving to develop eco-friendly alternatives and comply with regulations to meet the evolving needs of the textile industry. With the increasing adoption of sustainable practices and the demand for innovative textiles, the textile chemicals market is set to expand further in the coming years.

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ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

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[neha24blog]

Textile Chemicals Market Segmented On The Basis Of Process, Product, Application, Region And Forecast 2030: Grand View Research Inc.

Textile Chemicals Market Segmented On The Basis Of Process, Product, Application, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 21 Nov 2022: The Report Textile Chemicals Market Size, Share & Trends Analysis Report By Process, By Product, By Application (Apparel, Home Furnishing, Technical Textiles), By Region, And Segment Forecasts, 2022 – 2030 The global textile chemicals market is expected to reach USD 36.13 billion by 2030, as per the new report by Grand View Research, Inc., rising at a CAGR of 4.7%…

[blueweave8]

India Textile Chemicals Market Analysis, Growth, Report 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Textile Chemicals Market size by value at USD 23.14 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Textile Chemicals Market size to expand at a CAGR of 7.29% reaching a value of USD 40.27 billion by 2030. The Textile Chemicals Market in India is propelled by the growing apparel industry and increasing disposable incomes. Significant investments have been made in the textile sector, with major players, such as Archroma, Croda, Huntsman, and Rossari, expanding their portfolios through partnerships, investments, and mergers to meet changing market demands. These companies are also enhancing their presence in India by investing in research and development, manufacturing, service capabilities, and innovative chemical solutions. For example, Cosmo Speciality Chemicals introduced Silky SF, an economical cationic softener that provides excellent softness for various textiles. Their R&D facility features advanced analytical instruments like DMA, FTIR, imaging IR, SEM-EDS, TGA-MS, DSC, and optical microscopes for molecular-level product development.

By volume, BlueWeave estimated India Textile Chemicals Market size at 3.4 million tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Textile Chemicals Market size by volume is projected to grow at a CAGR of 7.6% reaching the volume of 6.02 million tons by 2030. The demand for technical textiles across India is rising due to the expansion of multiple industries, with the automotive sector being a major end user. It, in turn, is projected to further fuel the growth of India Textile Chemicals Market over the forecast period.

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Government’s Supportive Initiatives & Programs to Actively Support Textile Industry

The Government of India has launched several initiatives to bolster the textile industry, significantly impacting the Textile Chemicals Market. The PM MITRA scheme aims to establish Mega Integrated Textile Regions and Apparel Parks, fostering investment and innovation while creating a robust industrial infrastructure. Complementing this, the Production-Linked Incentive (PLI) Scheme incentivizes companies in the textile sector, particularly focusing on synthetic fibers and technical textiles, to enhance domestic manufacturing and reduce imports. Also, the Samarth Initiative promotes skill development within the industry, aiming to train a significant workforce and uplift women, which is crucial for sustainability. The National Technical Textiles Mission (NTTM) further supports innovation and research in technical textiles, enhancing India's global market position. Together, these government schemes not only strengthen the textile industry but also create a favorable environment for growth in the textile chemicals market, driving demand for innovative and sustainable chemical solutions.

West India Dominates Indian Textile Chemicals Market by Region

Western India serves as a key center for the textile manufacturing sector, featuring prominent companies such as Reliance Industries Ltd, Arvind Ltd, and Jindal Worldwide Ltd. Substantial government investments in textile technical parks, along with supportive policies in Gujarat and Maharashtra, are anticipated to enhance the demand for textile chemicals. The west India market, characterized by 300-500 participants due to government subsidies, has experienced consistent growth driven by rising exports and an increasing emphasis on technical textiles. Additionally, stringent environmental regulations in China have created opportunities for Indian producers. The growing focus on high quality, wrinkle-resistant, anti-microbial, and anti-fungal textiles is also propelling the demand for textile chemicals. Western India’s leadership in the textile sector is expected to continue, bolstered by numerous textile mills in the western region.

Competitive Landscape

India Textile Chemicals Market is fragmented, with numerous players serving the market. The key players dominating India Textile Chemicals Market include Archroma, Croda, Huntsman International, Rossari Biotech Ltd, CHT India Pvt Ltd, Kiri Industries, Bodal Chemicals, Indofil Industries, Fibro Organic, and Jaysynth Dyestuff. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

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[medicaldevicesindustrynews]

Unveiling Opportunities in the Textile Finishing Chemicals Market

The global textile finishing chemicals market is projected to be worth USD 11,983.2 million by 2030, growing at a CAGR of 3.8%, according to P&S Intelligence. These chemicals are consumed in significant volumes in furniture, textile, and other sectors. In this regard, the growing demand for unique finishes for residential upholstery and advanced textiles is propelling the market. The main aim of…

[chemicalresearchupdates]

Sustainability and Eco-friendly Solutions in the Asia Textile Chemicals Market

Definition: The Asia Textile Chemicals Market refers to the industry that produces and supplies various chemicals used in the textile manufacturing process. These chemicals play a crucial role in enhancing the quality, appearance, and performance of textiles, including fabrics, clothing, and other textile products.

Market Overview & Scope: The Asia Textile Chemicals Market encompasses a wide range of chemical products designed to improve different aspects of textiles. This includes dyeing and finishing chemicals, coating chemicals, and others used in the textile industry. The market caters to the needs of textile manufacturers across Asia, a region known for its significant contribution to the global textile industry. With a focus on improving textile properties such as color, durability, and texture, these chemicals are indispensable in the production of high-quality textiles.

Market Growth: The Asia Textile Chemicals Market has witnessed substantial growth in recent years, driven by the increasing demand for textiles in the region and the desire for better quality and performance. Factors such as population growth, rising disposable incomes, and changing fashion trends have contributed to the expansion of this market. Additionally, the adoption of sustainable and eco-friendly textile chemicals is gaining traction, aligning with the global emphasis on environmental sustainability.

Market Industry: The textile chemicals market industry in Asia is highly diverse, encompassing various subsectors. These include chemicals for dyeing and printing, finishing chemicals, colorants, and auxiliary chemicals used in processes like pretreatment, desizing, and scouring. Major players in the market include chemical manufacturers, textile mills, and garment producers, making it an integral part of the textile supply chain.

Trends: Several noteworthy trends are shaping the Asia Textile Chemicals Market. One prominent trend is the increased focus on eco-friendly and sustainable textile chemicals. Manufacturers are investing in research and development to create products that have minimal environmental impact. Furthermore, the digitalization of textile manufacturing processes, including the use of smart textiles and nanotechnology, is on the rise, transforming the industry and offering new opportunities for growth and innovation. As consumer awareness of sustainable and high-performance textiles continues to grow, the market is likely to see further advancements in these areas. Additionally, regulations and standards related to chemical usage in textiles are becoming more stringent, prompting the industry to adapt to evolving compliance requirements.

In conclusion, the Asia Textile Chemicals Market is a dynamic and evolving sector that plays a vital role in enhancing the quality and sustainability of textiles. With the region's continued growth in the textile industry and the adoption of innovative solutions, this market is poised for ongoing development and transformation.

[chemicalsmaterialsnews]

Textile Finishing Chemicals Market: Advancing Fabric Properties and Aesthetics

The global textile finishing chemicals market size stood at USD 8,897.2 million in the past, and it is expected to advance at a compound annual growth rate of 3.8%, to reach USD 11,983.2 million by 2030.

Environmental concerns and rising regulatory demands have prompted the creation of environmentally benign and long-lasting textile finishing agents. Customers are seeking textiles with less of an impact on the environment, which is driving the market acceptance of safer and greener finishing chemicals.

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Advanced textiles with qualities like heat resistance, chemical resistance, and durability are needed in sectors including automotive, aerospace, and healthcare. The development of this category is fueled by textile finishing chemicals, which are essential in giving technical textiles their qualities.

The market for technical textiles is being completely transformed by finishing chemicals based on nanotechnology. The self-cleaning, UV resistance and anti-static qualities of these nanocoating bring up new possibilities for technical textiles.

APAC is one of the dominant regions in the textile finishing chemicals market.

APAC provides a good environment for manufacturing, distinguished by cost benefits, skilled labor, and infrastructure support. This draws in textile producers, which boosts output and subsequently raises sales of textile finishing products.  

The rising demand for functional fabrics, environmental concerns, and technical advances are expected to propel the growth of the worldwide textile finishing chemicals market. The market's dominance by APAC is attributable to its robust textile sector, hospitable production environment, and government assistance.