The latest report by IMARC Group, titled “Textile Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the textile chemicals market demand. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global textile chemicals market size reached US$ 25.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 37.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
Textile Chemicals Market Trends:
The global textile chemicals market is primarily driven by the increasing demand for technical textiles across various industries. In line with this, the widespread adoption of advanced textile chemicals to enhance fabric performance and durability is also providing an impetus to the market. Moreover, the significant rise in the demand for eco-friendly and sustainable textile chemicals is acting as a substantial growth-inducing factor. In addition to this, the expanding fashion and apparel industry, resulting in higher demand for innovative and high-quality textiles, is leading to increased investments in premium, high-end textile chemicals.
Besides this, the growing emphasis on compliance with stringent environmental regulations is creating lucrative opportunities in the market. Also, the increasing influence of digital printing in textiles is impacting the market positively. The market is further driven by the implementation of favorable government policies promoting sustainable textile manufacturing. Apart from this, easy availability of textile chemicals through online and offline distribution channels is propelling the market on a global level.
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Textile Chemicals Market Scope and Growth Analysis:
The scope of the global market is expanding as manufacturers increasingly adopt innovative textile chemicals for enhanced product performance. As per the market analysis, the continuous advancements in chemical formulations and application techniques are broadening the market potential significantly. Furthermore, the growing trend of smart textiles integrated with electronic components is contributing to the market's scope. In addition, the increasing demand for high-performance textiles in sports and outdoor activities is enhancing the market's growth prospects.
Moreover, the rise of sustainable and bio-based textile chemicals is widening the market scope. The expansion of technical textiles for industrial applications is further enabling market growth. Additionally, the emphasis on reducing the environmental impact of textile production is creating new growth avenues. The increasing collaboration between textile manufacturers and chemical companies to develop customized solutions is also facilitating market expansion.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Archroma
- BASF SE
- CHT Group
- Dow Inc.
- Evonik Industries AG
- Huntsman Corporation
- Kiri Industries Limited
- OMNOVA Solutions Inc. (Synthomer plc)
- Solvay S.A.
- Tanatex Chemicals BV (Zhejiang Transfar Co. Ltd.)
- The Lubrizol Corporation (Berkshire Hathaway Inc.)
- Wacker Chemie AG
Textile Chemicals Market Segmentation:
Our report has categorized the market based on region, fiber type, product type and application.
Breakup by Fiber Type:
- Natural Fiber
- Synthetic Fiber
Breakup by Product Type:
- Coating and Sizing Chemicals
- Finishing Agents
- Colorants and Auxiliaries
- Surfactants
- Desizing Agents
- Others
Breakup by Application:
- Home Furnishing
- Apparels
- Industrial Textile
- Automotive Textile
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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