According to a report published by Fortune Business Insights, titled “Textile Chemicals Market Size, Share & COVID-19 Impact Analysis, By Product Type (Coating & Sizing Chemicals, Colorant & Auxiliaries, Finishing Agents, Surfactants, De-sizing Agents and Others), By Application (Apparel, Home Furnishing and Technical Textiles) and Regional Forecast, 2020-2027,” the global textile chemicals market was valued at USD 20.67 billion in 2019 and is projected to reach USD 26.97 billion by 2027, growing at a robust CAGR of 3.5% from 2020 to 2027.
Textile chemicals are products that are used in the treatment of textile material at various stages in the manufacturing process. The product plays an important role in obtaining favorable textile properties. The rising applications of textile chemicals across diverse industry verticals will emerge in favor of the growth of the overall market in the forthcoming years. The massive investments in the development of efficient textile chemicals by major companies across the world will contribute to the growth of the market. Accounting to the rising awareness regarding the use of harmful chemicals and their adverse effects on the quality and durability of textiles, there is an increasing demand for green textile chemicals across the world. The increasing R&D activities will play a crucial role in the development of green textile chemicals in the coming years.
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Textile Chemicals Market Segmentation Analysis
By Product Type
The market is segmented into coating & sizing chemicals, colorant & auxiliaries, finishing agents, surfactants, de-sizing chemicals, and others. In 2019, colorant & auxiliaries dominated the market, driven by their key role in yarn and fabric dyeing. These chemicals prepare and modify substrates for coloration, improve dye fastness, and include agents such as dispersing, sequestering, anti-foaming, and anti-pilling agents. Textile colorants include dyes (acid, basic, mordant, azoic, sulfur, vat) and pigments, chosen based on fiber compatibility.
By Application
The market is segmented into apparel, home furnishing, and technical textiles. Apparel held the largest share in 2019 (52.8%) owing to rising apparel production to meet growing population demand. The segment benefits from increasing disposable income, changing fashion trends, and manufacturers’ focus on quality and advanced production techniques, driving higher adoption of textile chemicals.
What are the major growth drivers?
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Rising global apparel production
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Growing demand for high-performance and durable fabrics
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Increasing disposable income, especially in Asia Pacific
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Adoption of eco-friendly & sustainable textile chemicals
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Innovations aimed at reducing production cost and cycle time
Which region leads the market?
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Asia Pacific is the largest and fastest-growing market due to the presence of major textile manufacturers, availability of raw materials, and strong export base (China, India, Bangladesh).
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North America is witnessing growth due to increasing demand from defense and healthcare sectors.
List of companies profiled in the report:
- Archroma (Switzerland)
- Huntsman Corporation (USA)
- DIC Corporation (Japan)
- Kiri Industries Ltd. (India)
- Covestro AG (Germany)
- Omnova Solutions Inc. (USA)
- Lubrizol Corporation (USA)
- Solvay S.A. (Belgium)
- Evonik Industries (Germany)
- Tanatext Chemicals (Netherlands)
- Rudolf GmbH (Germany)
- NICCA Chemical Co. Ltd. (Japan)
- Kemin Industries Inc. (USA)
- JINTEX Ltd. (Taiwan)
- Sarex Chemicals (India)
Industry Developments:
- March 2020: Huntsman Corporation announced the launch of a new high performance polyester dye. The company introduced ‘Terasil Blue W Dye,’ for polyester sport and athleisure wear.
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