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Global Textile Chemicals Market to reach USD 39.72 billion by the end of 2030

Global Textile Chemicals Market Size Study & Forecast, by Fiber Type (Natural Fiber, Synthetic Fiber), By Product Type (Coating & Sizing Agents, Colorants & Auxiliaries, Finishing Agents, Surfactants, Desizing Agents, Bleaching Agents, Others), By Application (Apparel, Home Textile, Technical Textile, Others), and Regional Analysis, 2023-2030

Product Code: CMTF-99997972
Publish Date: 20-01-2024
Page: 200

Global Textile Chemicals Market is valued at approximately USD 27.72 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.6% over the forecast period 2023-2030. Textile chemicals are utilized at different phases of textile processing and production in order to obtain desired features, functions, and performance in textile goods. These chemicals are essential for improving the functioning, look, and quality of fabrics. Various steps of the textile production process, such as fiber production, yarn spinning, fabric manufacture, dyeing, printing, and finishing, include the application of textile chemicals. The increasing consumer demand for clothing, technical textiles, home furnishings, and related items. As the global population continues to grow steadily, the demand for textiles is anticipated to rise, consequently driving the production capacity of the industry. Also, soaring demand for technical textile, coupled with the rising trend towards better home furnishing and aesthetics are further propelling the market growth.

In addition, the surge in demand for sports and activewear is exhibiting a positive influence on the market demand around the world. Sports and activewear require specific performance characteristics such as moisture-wicking, breathability, stretchability, and durability. Textile chemicals play a crucial role in enhancing these performance attributes, ensuring that the apparel meets the functional requirements of athletes and active individuals. According to Statista analysis, the global activewear sectoe was estimated to be worth around USD 366.22 in 2021. Also, it is anticipated that the industry flourishingly grows and likely to generate the revenue of nearly USD 455.42 by 2027. Consequentially, the propelling demand of the activewear or sportswear is creating lucrative demand for Textile Chemicals, which, in turn, augment the market growth during the estimated period. Moreover, the rising adoption of low VOC and biodegradable materials for textile manufacturing, as well as robust growth in textile production in developing economies present various lucrative opportunities over the forecast years. However, the stringent environmental regulations regarding disposal of textile effluents and the cyclic nature of textile industry are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Textile Chemicals Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the high demand for technical textile, rapid urbanization, and the modernization of both textile and chemical manufacturing processes. As per the World Trade Statistical Review 2021, three of the world’s top four apparel exporters in 2020 were situated in the Asia Pacific region—namely, China, Vietnam, and Bangladesh. The increasing production of apparel in this region is anticipated to drive the market for related products in Asia Pacific throughout the forecast period. Whereas, Europe is expected to grow at the highest CAGR over the forecast years. Supportive policies, rising wages, and an increase in employment opportunities are significantly propelling the market demand across the region. Also, favorable government support, the adoption of digitalization and sustainability practices, and the establishment of robust supply chains are fostering the market demand over the forecast period of 2023-2030.

Major market players included in this report are:
Kiri Industries Ltd.
OMNOVA Solutions Inc.
German Chemicals Ltd.
AB Enzymes
Organic Dyes and Pigments
Govi N.V.
Resil Chemicals Pvt. Ltd.
LANXESS
Dow
BASF SE

Recent Developments in the Market:
Ø In February 2021, Dow unveiled an advanced, durable water-repellent finishing solution designed to enhance the sustainability of textiles. The DOWSIL IE-8749 Emulsion treatment not only enhances fabric retention but also offers a notable advantage in durability—eliminating the need for frequent heat treatments to restore water repellency performance. Integrating DOWSIL IE-8749 Emulsion treatment into their finishing processes provides textile finishers with enhanced control over the final tactile feel of the fabric.
Ø In June 2020, Dow introduced an innovative hybrid binder, catering to the formulation of water-borne screen-printing inks. This development facilitates the attainment of superior durability, vibrant color, and enhanced opacity in fabrics composed of both synthetic and natural fibers, catering to the expanding markets of streetwear and sportswear. The DOWSIL Print 041 Textile Printing Ink Binder offers a drop-in, waterborne alternative to conventional textile printing inks, seamlessly combining high performance, cost-effectiveness, and elevated sustainability.

Global Textile Chemicals Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Fiber Type, Product Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Fiber Type:
Natural Fiber
Synthetic Fiber

By Product Type:
Coating & Sizing Agents
Colorants & Auxiliaries
Finishing Agents
Surfactants
Desizing Agents
Bleaching Agents
Others

By Application:
Apparel
Home Textile
Technical Textile
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Textile Chemicals Market, by Region, 2020-2030 (USD Billion)
1.2.2. Textile Chemicals Market, by Fiber Type, 2020-2030 (USD Billion)
1.2.3. Textile Chemicals Market, by Product Type, 2020-2030 (USD Billion)
1.2.4. Textile Chemicals Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Textile Chemicals Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Textile Chemicals Market Dynamics
3.1. Textile Chemicals Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing trend towards better home furnishing and aesthetics
3.1.1.2. Surge in demand for sports and activewear
3.1.2. Market Challenges
3.1.2.1. Stringent environmental regulations regarding disposal of textile effluents
3.1.2.2. Cyclic nature of textile industry
3.1.3. Market Opportunities
3.1.3.1. Rising adoption of low VOC and biodegradable materials for textile manufacturing
3.1.3.2. Robust growth in textile production in developing economies
Chapter 4. Global Textile Chemicals Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Textile Chemicals Market, by Fiber Type
5.1. Market Snapshot
5.2. Global Textile Chemicals Market by Fiber Type, Performance – Potential Analysis
5.3. Global Textile Chemicals Market Estimates & Forecasts by Fiber Type 2020-2030 (USD Billion)
5.4. Textile Chemicals Market, Sub Segment Analysis
5.4.1. Natural Fiber
5.4.2. Synthetic Fiber
Chapter 6. Global Textile Chemicals Market, by Product Type
6.1. Market Snapshot
6.2. Global Textile Chemicals Market by Product Type, Performance – Potential Analysis
6.3. Global Textile Chemicals Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
6.4. Textile Chemicals Market, Sub Segment Analysis
6.4.1. Coating & Sizing Agents
6.4.2. Colorants & Auxiliaries
6.4.3. Finishing Agents
6.4.4. Surfactants
6.4.5. Desizing Agents
6.4.6. Bleaching Agents
6.4.7. Others
Chapter 7. Global Textile Chemicals Market, by Application
7.1. Market Snapshot
7.2. Global Textile Chemicals Market by Application, Performance – Potential Analysis
7.3. Global Textile Chemicals Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Textile Chemicals Market, Sub Segment Analysis
7.4.1. Apparel
7.4.2. Home Textile
7.4.3. Technical Textile
7.4.4. Others
Chapter 8. Global Textile Chemicals Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Textile Chemicals Market, Regional Market Snapshot
8.4. North America Textile Chemicals Market
8.4.1. U.S. Textile Chemicals Market
8.4.1.1. Fiber Type breakdown estimates & forecasts, 2020-2030
8.4.1.2. Product Type breakdown estimates & forecasts, 2020-2030
8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Textile Chemicals Market
8.5. Europe Textile Chemicals Market Snapshot
8.5.1. U.K. Textile Chemicals Market
8.5.2. Germany Textile Chemicals Market
8.5.3. France Textile Chemicals Market
8.5.4. Spain Textile Chemicals Market
8.5.5. Italy Textile Chemicals Market
8.5.6. Rest of Europe Textile Chemicals Market
8.6. Asia-Pacific Textile Chemicals Market Snapshot
8.6.1. China Textile Chemicals Market
8.6.2. India Textile Chemicals Market
8.6.3. Japan Textile Chemicals Market
8.6.4. Australia Textile Chemicals Market
8.6.5. South Korea Textile Chemicals Market
8.6.6. Rest of Asia Pacific Textile Chemicals Market
8.7. Latin America Textile Chemicals Market Snapshot
8.7.1. Brazil Textile Chemicals Market
8.7.2. Mexico Textile Chemicals Market
8.8. Middle East & Africa Textile Chemicals Market
8.8.1. Saudi Arabia Textile Chemicals Market
8.8.2. South Africa Textile Chemicals Market
8.8.3. Rest of Middle East & Africa Textile Chemicals Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Kiri Industries Ltd.
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. OMNOVA Solutions Inc.
9.3.3. German Chemicals Ltd.
9.3.4. AB Enzymes
9.3.5. Organic Dyes and Pigments
9.3.6. Govi N.V.
9.3.7. Resil Chemicals Pvt. Ltd.
9.3.8. LANXESS
9.3.9. Dow
9.3.10. BASF SE
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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