Global Textile Chemicals Market Share Is Expected To Grow At A CAGR Of 4.3% By 2026

06-Feb-2020 | Facts and Factors

Facts and Factors have authored “Textile Chemicals Market By Product (Coating & Sizing Chemicals, Colorant & Auxiliaries, Finishing Agents, Surfactants, De-Sizing Agents, & Others), By Application (Apparel, Home Furnishing, & Technical Textiles), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026”. Based on our analysis, the global Textile Chemicals market in 2020 is approximately USD 25.9 Billion and is anticipated to reach around USD 33.1 Billion by 2026. The anticipated CAGR for the Textile Chemicals market is around 4.3% from 2021 to 2026.

The huge production of apparel and the rising demand for floor coverings, technical textiles, and home furnishings globally has led to a huge demand for textile chemicals. During the fabric processing, textile chemicals are used to give features such as wrinkle resistance, sweat absorbency, stain resistance, texture, antimicrobial properties, and finish to the fabrics. Textile chemicals such as finishing chemicals have applications in the textile industry for tasks such as dyeing, finishing, and coloring.

Browse the full “Textile Chemicals Market By Product (Coating & Sizing Chemicals, Colorant & Auxiliaries, Finishing Agents, Surfactants, De-Sizing Agents, & Others), By Application (Apparel, Home Furnishing, & Technical Textiles), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026” report at https://www.fnfresearch.com/textile-chemicals-market

The growing industrialization in countries like India and China has given the textile chemical industry a huge impetus. Increasing demand for apparel across the world is one of the driving factors for the textile chemicals industry. Also, the growing demand for technical textiles globally is the driving factor behind the textile chemicals industry. But, stringent environmental regulations regarding the disposal of textile effluents are pulling back the textile chemicals market.

Some recent developments in the textile chemicals market portray growing opportunities in the textile chemicals market. Huntsman Textile Effects, in 2017, introduced a new product called PHOBOTEX RSY which has water repellant properties and is non-fluorinated. Technological developments in the field of textile manufacturing prove to be a great opportunity for the textile chemicals market.

The textile chemicals market is segmented broadly into fiber type, product type, and application type segments. In the fiber type segment, it is anticipated that the synthetic fiber category to have the largest market share of 67% by revenue. In the product type segment, it is anticipated that the coating and sizing agents category to have the largest market share of 30% by revenue. Similarly, in the application segment, the apparels category to have the largest market share of 45% by revenue. Increasing disposable income globally and a growing population has resulted in the demand for apparel, especially sportswear and casualwear. The technical textile segment has witnessed a significant growth rate in the last few years and is expected to grow at a steady rate over the forecast years.

Global Textile Chemicals Market: Report Scope

The Asia Pacific is expected to account for one of the largest shares of the technical textile market over the forecast years. The growth of the technical textile demand in emerging countries such as China and India can be attributed to rapid urbanization and increased disposable incomes. Thriving growth of the apparel industry on account of implementing innovative strategies by textile chemical manufacturers with significant support from the government has led to the prominent development of the textile chemical market in the Middle East and Africa region.

Top Market Players

The key market participants for the global textile chemicals market are Archroma, Huntsman, DIC Corporation, Kiri Industries Ltd., Covestro AG, Omnova Solutions, Inc., Lubrizol Corporation, Solvay S.A., Evonik Industries, Tanatext Chemicals, Rudolf GmbH, NICCA Chemical Co. Ltd., Kemin Industries, Inc., JINTEX Ltd., Dow, Wacker Chemie AG, Huntsman International, Inc., and Sarex Chemicals, among others.

This report segments the Textile Chemicals market as follows:

Global Textile Chemicals Market: By Product Segment Analysis

• Coating & Sizing Chemicals
• Colorant & Auxiliaries
• Finishing Agents
• Surfactants
• De-Sizing Agents
• Others

Global Textile Chemicals Market: By Application Segment Analysis

• Apparel
• Home Furnishing
• Technical Textiles

Global Textile Chemicals Market: Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle-East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle-East Africa

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