Market Insights

The textile chemicals market size was valued at USD 26.42 Billion in 2021 and is likely to grow at a CAGR of 4.52% during 2022-2028 to reach USD 36.14 Billion in 2028.

What are textile chemicals?

Textile chemicals are the chemicals that are extensively used in the textile industry to improve the performance and properties of clothes.

COVID-19 IMPACT

The global textile chemicals market was badly hit by the pandemic in the year 2020. Many textile chemicals-producing countries stopped production due to lockdowns and restrictions. This led to supply chain disruption in the textile chemicals market.

Global Textile Chemicals Market Report Segments:

Based on the product type, the textile chemicals market is segmented as coating & sizing agents, colorants & auxiliaries, finishing agents, surfactants, desizing agents, bleaching agents, and others. The coating & sizing agents segment accounted for the largest market share of more than 50% in 2021. As coating & sizing agents enhance the strength and abrasion resistance of yarns, they are widely used in the pretreatment stage of the textile processing chain, which is a major factor driving the growth of the segment.

Based on the application type, the market is segmented as apparel, home textile, technical textile, and others. The apparel segment accounted for the largest market share of more than 45% in 2021. Increasing population and disposable income are paving the path toward unprecedented growth, bolstering the demand for apparel.

Based on the fiber type, the market is segmented as natural and synthetic. The synthetic segment is expected to maintain its dominance during the forecast period owing to its better performance with lower production cost characteristics.

In terms of regions, Asia-Pacific held the highest market share of more than 55.8% in 2021. Large population, cheap labor, rapid industrialization, and robust textile manufacturing base are the factors likely to increase the demand for textile chemicals in the region. China and India are the growth engines of the region.

Why is this report beneficial?

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

It also offers –

• Market Overview
• Key Manufacturers Profiles
• Market Analysis by Region
• Market Segment by Type
• Market Segment by Application
• Raw Material and Supply Chain
• Other Key Research Findings

All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.

Key players active in the market –

The following are some of the key players in the Textile Chemicals Market:

• ABITEC
• Achitex Minerva Spa
• Air Products & Chemicals Inc.
• Arkema
• Nouryon
• The Lubrizol Corporation
• Chemipol (Kothari Group of Industries)
• Dainichizeika Color & Chemicals Mfg. Co. Ltd
• The Dow Chemical Company
• Formosa Organic Chemical Industry Co. Ltd.

Customization of the report –

At Stratview Research, the market researchers make a note of opportunities, drawbacks/bottlenecks, estimations, and information related to the market using experienced skills and verified methodologies. Our research reports offer an exceptional experience of innovative solutions and outcomes to the users. If required, user can also opt for customization of the report.

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