Textile Chemicals Market Growth, Trend, Size, Share, Top Key Players and Forecast Till 2028

The global textile chemicals market size reached USD 21.23 Billion in 2020 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to latest analysis by Emergen Research. Rising demand for technical textiles as well as increased use of biodegradable and low Volatile Organic Compound (VOC) materials in textile manufacturing are some key factors driving global textile chemicals market revenue growth. In addition, increasing urbanization and industrialization in countries across the globe are trends projected to continue to support revenue growth of the market between 2021 and 2028.

Textile Chemicals Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the textile chemicals industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the textile chemicals market along with crucial statistical data about the textile chemicals market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2028. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.

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Some Key Highlights From the Report

Technical textile segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing usage of textile chemicals in technical textiles. Usage is expected to rise due to rising awareness about better function and uses of such products in various industries.

Coating & sizing agents segment is expected to register a significantly robust revenue growth rate over the forecast period. Sizing chemicals are widely used to improve yarn abrasion strength and resistance in weaving. Use of sizing chemicals lowers weaving hazards, including yarn fraying and breakage during weaving process.

Asia Pacific is expected to register a significantly rapid revenue growth rate over the forecast period. Low manufacturing costs in countries in Asia Pacific, along with rapid introduction of cutting-edge technologies in the manufacturing process by companies is expected to drive revenue growth of the market in this region.

Some major companies in the market include BASF SE, Wacker Chemie AG, Solvay S.A., Huntsman Corporation, The Dow Chemical Company, Sumitomo Chemicals Co. Ltd., The Lubrizol Corporation, Tata Chemicals Limited, Kemira Oyj, and Evonik Industries AG

In November 2020, The Porocel Group was acquired by Evonik Industries AG for USD 210.0 million. The company, together with its around 300 workforce and production facilities, will be merged into Evonik’s smart materials business.

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Emergen Research has segmented the global textile chemicals on the basis of product type, fiber type, application, and region:

Product Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Colorants & Auxiliaries

Fixative

Dispersants & Levelant

UV Absorber

Other

Coating & Sizing Agents

Finishing Agents

Flame Retardants

Repellent and Release

Antimicrobial & Anti-inflammatory

Other

Bleaching Agents

Desizing Agents

Yarn Lubricants

Scouring Agents

Surfactants

Detergents & Dispersing Agents

Wetting Agents

Lubricating Agents

Emulsifying Agents

Others

Fiber Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Natural Fiber

Synthetic Fiber

Application Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Home Textile

Drapery

Furniture

Carpet

Others

Apparel

Innerwear

Outerwear

Sportswear

Others

Technical Textile

Others

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Market Dynamics:

The report offers insightful information about the market dynamics of the textile chemicals market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the textile chemicals market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the textile chemicals market.

Radical Highlights of the textile chemicals Market Report:

Comprehensive overview of the textile chemicals market along with analysis of the changing dynamics of the market

Growth Assessment of various market segments throughout the forecast period

Regional and global analysis of the market players, including their market share and global position

Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market

Impact of the technological developments and R&D advancements on the textile chemicals market

Information about profit-making strategies and developmental strategies of major companies and manufacturers

Insightful information for the new entrants willing to enter the market

Details and insights about business expansion strategies, product launches, and other collaborations

The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

 

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