Textile Chemicals Market is Projected to Grow at a CAGR of 5.35% by 2030 - ChemAnalyst

According to ChemAnalyst report, “Textile Chemicals Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, textile chemicals market has shown promising growth in the past five years and is anticipated to achieve a CAGR of 5.35% during the forecast period. Robust growth of the apparel market in developing economies coupled with increasing population and per capita income is expected to drive the demand of textile chemicals during the forecast period Moreover, growing fashion industry and shorter replacement cycles of apparel industry is also another factor influencing demand growth during the forecast period. Pollution caused by textile dyeing and finishing industry is expected to hinder demand growth during the forecast period.

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Textile chemicals are the chemicals which are used in dyeing and processing of textiles to attain desired properties like color, mechanical strength etc. Textile chemicals are of several types including colorants and auxiliaries, coating, and sizing, desizing agents, finishing agents, surfactants, and bleaching agents. Textile chemicals find application in various types of textiles including apparel, home textile, technical textile etc. they impart several properties to the textile such as desired shade, tensile strength, shear strength, bleaching etc.

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Textile chemicals can be segmented into types based on their functionality. Based on functionality they are colorants and auxiliaries, coating, and sizing, desizing agents, finishing agents, surfactants, and bleaching agents all having their own functionalities. For example, bleaching agents are used for bleaching of the textile before coloration. Out of the following colorants and auxiliaries dominate the global market share for textile chemicals. They provide the textile the necessary shade and texture.

Textile chemicals are related to textiles hence their price is directly linked to the fluctuations in the demand of textiles including apparel, home textile, and technical textile. In the first half of FY20 sudden outbreak of novel coronavirus followed by fall in in the demand of textiles rendered a major downfall in the textile chemicals, hence the prices remained low for textile chemicals during the coronavirus pandemic. Demand has picked up in the recent quarters and is projected to grow due to increasing demand from Asia Pacific and North America.

Regionally, Asia Pacific dominates the textile chemicals market and holds the largest market share in FY20. Asia’s textile chemicals market is anticipated to grow in the economies like China due to increasing demand of textiles. Moreover, the growing population and fashion industry is another factor propelling demand growth in the Asia Pacific.  

Key Players:

• Achitex Minerva S.p.A.
• Arkema Inc.
• Chemipol
• Covestro AG
• Dow
• Formosa Organic Chemical Industry Co Ltd
• Kemira
• N. Chemical Industries
• Nouryon
• Sarex
• Tanatex Chemicals B.V.
• The Lubrizol Corporation
• Wacker Chemie AG.

“Being linked to the textile industry, the textile chemicals industry has shown a robust growth alongside growing population and changing consumer preference. China serves as the key growth region with sufficiently installed capacities for textile chemicals.  With new competitors emerging across the Asia Pacific textile chemicals market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

Report Scope:

In this report, Textile Chemicals market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

 

Attribute	Details
Market size volume in 2020	1.13 million tons
Market size volume in 2030	1.90 million tons
Growth Rate	CAGR of 5.35% from 2021 to 2030
Base year for estimation	2020
Historic Data	2015 – 2019
Forecast period	2022 – 2030
Quantitative units	Demand in tons and CAGR from 2021 to 2030
Report coverage	Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered	1. By Application: (Apparel, Home Textile, Technical Textile) 2. By Type: (Colorants and Auxiliaries, Coating and Sizing, Desizing Agents, Finishing Agents, Surfactants, and Bleaching Agents) 3. By Sales Channel: (Direct/Institutional Sales, Indirect Sales)
Regional scope	North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope	United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled	Achitex Minerva S.p.A., Arkema Inc., Chemipol, Covestro AG, Dow, Formosa Organic Chemical Industry Co Ltd, Kemira, L. N. Chemical Industries, Nouryon, Sarex, Tanatex Chemicals B.V., The Lubrizol Corporation, Wacker Chemie AG.
Customization scope	Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

 

TABLE OF CONTENTS:

1. Global Textile Chemicals Market Outlook, 2015-2030
   • Capacity, By Volume
     • By Company
   • Production, By Volume
     • By Company
   • Operating Efficiency
     • By Company

2. Global Textile Chemicals Demand Outlook, 2015-2030, By Volume
   • By Application
   • By Type
   • By Region
   • By Company
3. North America Textile Chemicals Market Outlook, 2015-2030
   • Capacity, By Volume
     • By Country
   • Production
     • By Country
   • Operating Efficiency
     • By Country

4. North America Textile Chemicals Demand Outlook, 2015-2030, By Volume
   • By Application
   • By Type
   • By Country

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