Textile chemicals market to grow by USD 5,153.79 million from 2022 to 2027

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01 Aug, 2023, 22:00 ET

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NEW YORK, Aug. 1, 2023 /PRNewswire/ -- The textile chemicals market size is set to grow by USD 5,153.79 million between 2022 and 2027 and register a CAGR of 4.35%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. The report is segmented by Application, Product, and Geography. The apparel segment will be significant during the forecast period. This segment includes affordable clothing, professional attire, sportswear, and statement luxury items. As a result of the availability of high-end brands and limited-edition goods, they have improved with consumers' exposure to the Internet and e-commerce. Furthermore, owing to rising consumer demand, the apparel industry's evolutionary pressure helps the market of textile chemicals. Hence, such factors boost the growth of the apparel segment of the textile chemicals market during the forecast period. Read our Sample Report

The report also covers the following areas:

Textile Chemicals Market 2023-2027: Segmentation

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Textile Chemicals Market 2023-2027: Vendor Analysis and Scope

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Some of the major vendors of the textile chemicals market include 3M Co., Archroma Management GmbH, Associated British Foods Plc, BASF SE, Biotex Malaysia, Christeyns NV, Dow Chemical Co., Evonik Industries AG, Fibro Chem LLC, Huntsman International LLC, Kemira Oyj, Kiri Industries Ltd., Lanxess AG, Omya International AG, Organic Dyes and Pigments, Resil Chemicals Pvt. Ltd., Solvay SA, SURTECO GmbH, Syntha Group, and The Lubrizol Corp. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market.

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Textile Chemicals Market 2023-2027: Market Dynamics

Key Drivers

Increasing use of technical textiles in the industrial manufacturing sector drives the growth of the market. Some of the major end-users for textile chemicals include construction, transportation, agriculture, medicine, hygiene, and sports. For abrasive surfaces, conveyor belts, machine clothes, and filters technical textiles in industrial manufacturing processes, textile chemicals are used.

Furthermore, textile chemicals are used in industrial items such as acoustic and thermal insulation for other home appliances, flexible seals and diaphragms, and electrical parts and cables. Hence, factors such as the growing technical textile industry are expected to increase the demand for textile chemicals used in the manufacturing of technical textiles will drive the growth of the global textile chemicals market during the forecast period.

Significant Trends

The growing number of recent developments is an emerging textile chemicals market trend. The global market has several recent developments, which help vendors expand their product portfolios, increase their market presence, and acquire new technologies.

Furthermore, Emulsion Dowsil IE-8749 helps designers to receive a water-repellent treatment that supports the industry's greater sustainability and also helps to meet those needs. For Instance, in February 2022, a new vegan textile softener based on Siligen EH1. Hence, such trends fuel the growth of the global textile chemicals market during the forecast period.

Major Challenges

Health and safety issues associated with the use of textile chemicals challenge the growth of the textile chemicals market. The rise in volatile organic compounds (VOCs) and other airborne pollutants can be attributed to factors such as poor ventilation and inadequate control measures in textile manufacturing facilities.

Additionally, factors such as Inadequate storage, spills, or improper disposal practices result in the contamination of water sources, soil, and air. This leads to negative impacts on the local ecosystems. Hence, such challenges impede the market growth of the global textile chemicals market during the forecast period.

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Textile Chemicals Market 2023-2027: Key Highlights

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Textile Chemicals Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.35%

Market growth 2023-2027

USD 5,153.79 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.19

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 52%

Key countries

US, China, India, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Archroma Management GmbH, Associated British Foods Plc, BASF SE, Biotex Malaysia, Christeyns NV, Dow Chemical Co., Evonik Industries AG, Fibro Chem LLC, Huntsman International LLC, Kemira Oyj, Kiri Industries Ltd., Lanxess AG, Omya International AG, Organic Dyes and Pigments, Resil Chemicals Pvt. Ltd., Solvay SA, SURTECO GmbH, Syntha Group, and The Lubrizol Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

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