Textile Chemicals Market Size, Share, Growth Analysis Report By Product Type (Coating, Surfactants, Desizing Agents, Bleaching Agents, Finishing Agents, Yarn Lubricants), By Application (Home Furnishing, Apparel, Industrial), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- The DyStar Group Lonsen
- The Lubrizol Corporation
- The DoW Chemicals Company
- Others
Reports Description
The global Textile Chemicals market size was estimated at USD 25.18 billion in 2021 to USD 26.58 billion in 2022 and is anticipated to reach around USD 39.8 billion by 2030, growing at a CAGR of roughly 5.1% between 2022 and 2030.
The global Textile Chemicals market research report offers an in-depth analysis of the global market size, which is further segmented into the regional and country-level market size, and segmentation market growth. Also, it provides the market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.
Textile Chemicals Market: Overview
The textile chemicals market is projected to attain significant growth in the following years attributed to the presence of manufacturers, producers, and distribution channels. Additionally, the market is also witnessing a paradigm shift in aspects such as consumer preference, pricing policies, and production.
The market also witnessed a huge spike in the fashion industry owing to the rise in fashion standards and inclination towards creating more appealing apparel. Textile chemicals are widely used across home furnishing, industrial chemicals and others. Besides, the industry comprises several processes that have become paramount for apparel and clothing industries operating on a global scale. In the past few years, textile applications have achieved high optimal levels thereby adding to the popularity of dyes, and chemicals.
Textile Chemicals Market: COVID–19 Impact Analysis
The outbreak of COVID-19 has resulted in severely affected various industries globally, owing to travel restrictions, lack of consumer presence in physical markets, and closing of malls and shopping centers. This led to a huge setback in the retail industry resulting in losses. In addition, COVID-19 induced the spread of online shopping as, during this period, the market witnessed a huge spike in online sales. Besides, the market for textile chemicals is likely to gain more growth as the markets are reopening and operating at full capacity.
Textile Chemicals Market: Growth Drivers
Population Demands to Suffice the Market Growth
Against the backdrop of the growing population, the textile chemicals market has gained an immense consumer response for apparel. The demand for textile products is projected to grow by the forecast period owing to the increased production capacities. However, trade recessions and political instability is expected to create challenges. However, an increase in consumption should continue pumping the market growth as the chemical industries are expected to reach to attain their peak by the end of 2022. This is probably expected to create more opportunities for market developments in the coming years.
Social Media and Smartphone to pump market growth
The increasing penetration of smartphones and easy accessibility to the internet, particularly in developing economies, is boosting the Textile Chemicals market. During COVID-19, smartphone penetration further increased at the lightning speed. Buying over social media is now gaining immense traction as users prefer a D2C approach to get their clothing needs addressed. Moreover, the growing competition among D2C companies has pumped in the market growth in terms of consumer retention, the shift in buying patterns, and consumer preference for waivers and discounts.
Textile Chemicals Market: Segmentation Analysis
The Textile Chemicals market is categorized into mode and platform. By product, the coating segment was estimated to be the largest in the Textile Chemicals market and is expected to be the largest segment throughout 2022-2030. By application, the apparel segment is estimated to hold the largest market share throughout the forecast period.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 25.18 Billion |
| Projected Market Size in 2030 | USD 39.8 Billion |
| CAGR Growth Rate | 5.1% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | The DyStar Group Lonsen, The Lubrizol Corporation, The DoW Chemicals Company, Bayer Material Science, Kiri Industries, Omnova Solutions Inc., BASF SE, Solvay SA, and Others |
| Key Segment | By Product Type, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Textile Chemicals market is estimated to grow annually at a CAGR of around 5.1% over the forecast period (2022-2030).
- In terms of revenue, the Textile Chemicals market size was valued at around USD 25.18 billion in 2021 and is anticipated to reach around USD 39.8 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on product segmentation, the coating segment was predicted to show maximum market share in the year 2021.
- Based on application segmentation, the apparel segment was the leading revenue-generating category in 2021.
- On the basis of region, the Asia Pacific region was the leading revenue generator in 2021.
Recent Developments
- July 2022: Recently, Indorama Ventures Public Company fully acquired the Italian company Filatura Tollegno. The acquisition allows IVL to gain full-hand access to the wool business and also enhance its presence in its European counterparts. Besides, the acquisition also highlighted the addition of sustainable products to the company’s portfolio along with existing assets.
- June 2022: Huntsman Textile Effects, a leading provider of chemicals, digital inks, and dyes introduced PHOBOTEX R-ACE, which is outdoor wear for extreme sports. It has water-repellent features and blends easily with resin to ensure a better performance. The company claims the product can withstand tough climate conditions and has the capacity to repel food and liquid stains.
- June 2022: Baldwin Technology has now partnered with Zeis Textiles Extension mainly for using spray technology for chemicals. The partnership also encourages the effective use of resources and enhances sustainability by using spray technology.
Regional Landscape
The Textile Chemicals market is dominated by the Asia Pacific region, followed by North America. The market for Textile Chemicals in the Asia Pacific is witnessing robust growth attributed to the growing demand for textiles from the end-users. Moreover, the presence of vast manufacturing sectors is expected to have a lasting impact on the supply-chain processes.
In addition, the market growth is propelled in the Asia Pacific majorly due to government support and favorable business conditions in the regional markets. Availability of raw materials, ready-to-transport market, and population demand are some of the major factors responsible for robust market growth. Europe is projected to have a second leading growth owing to the widening presence of third-party vendors, and suppliers. Stringent norms and regulations in Europe are projected to encourage the production of sustainable apparel that complies with environmental regulations.
Competitive Landscape
Leading players operating in the Textile Chemicals market are focused on constant innovations to distinguish and personalize their offerings for potential users. Some of the key strategies expected to take place in the market during the forecast years include mergers and acquisitions, new offerings, and partnerships.
Our report offers both quantitative and qualitative insights into the Textile Chemicals market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of the players profiled.
The global Textile Chemicals Market is segmented as follows:
By Product Type
- Coating
- Surfactants
- Desizing Agents
- Bleaching Agents
- Finishing Agents
- Yarn Lubricants
By Application
- Home Furnishing
- Apparel
- Industrial
By Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Textile Chemicals Market, (2022 – 2030) (USD Billion)
- 2.2 Global Textile Chemicals Market: snapshot
- Chapter 3. Global Textile Chemicals Market – Industry Analysis
- 3.1 Textile Chemicals Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Population Growth to Meet Market Demand
- 3.2.2 Driver 2
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness Analysis By Product Type
- 3.7.2 Market attractiveness analysis By Application
- Chapter 4. Global Textile Chemicals Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Textile Chemicals Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Textile Chemicals Market – Product Type Analysis
- 5.1 Global Textile Chemicals Market overview: By Product Type
- 5.1.1 Global Textile Chemicals Market share, By Product Type, 2021 and 2030
- 5.2 Coating
- 5.2.1 Global Textile Chemicals Market by Coating, 2022 – 2030 (USD Billion)
- 5.3 Surfactants
- 5.3.1 Global Textile Chemicals Market by Surfactants, 2022 – 2030 (USD Billion)
- 5.4 Desizing Agents
- 5.4.1 Global Textile Chemicals Market by Desizing Agents, 2022 – 2030 (USD Billion)
- 5.5 Bleaching Agents
- 5.5.1 Global Textile Chemicals Market by Bleaching Agents, 2022 – 2030 (USD Billion)
- 5.6 Finishing Agents
- 5.6.1 Global Textile Chemicals Market by Finishing Agents, 2022 – 2030 (USD Billion)
- 5.7 Yarn Lubricants
- 5.7.1 Global Textile Chemicals Market by Yarn Lubricants, 2022 – 2030 (USD Billion)
- 5.1 Global Textile Chemicals Market overview: By Product Type
- Chapter 6. Global Textile Chemicals Market – Application Analysis
- 6.1 Global Textile Chemicals Market overview: By Application
- 6.1.1 Global Textile Chemicals Market share, By Application, 2021 and 2030
- 6.2 Home Furnishing
- 6.2.1 Global Textile Chemicals Market by Home Furnishing, 2022 – 2030 (USD Billion)
- 6.3 Apparel
- 6.3.1 Global Textile Chemicals Market by Apparel, 2022 – 2030 (USD Billion)
- 6.4 Industrial
- 6.4.1 Global Textile Chemicals Market by Industrial, 2022 – 2030 (USD Billion)
- 6.1 Global Textile Chemicals Market overview: By Application
- Chapter 7. Textile Chemicals Industry – Regional Analysis
- 7.1 Global Textile Chemicals Industry Regional Overview
- 7.2 Global Textile Chemicals Industry Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Textile Chemicals Industry, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America Textile Chemicals Industry, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Textile Chemicals Industry, 2022 – 2030 (USD Billion)
- 7.4 North America Textile Chemicals Industry, by Product Type, 2022 – 2030
- 7.4.1 North America Textile Chemicals Industry, by Product Type, 2022 – 2030 (USD Billion)
- 7.5 North America Textile Chemicals Industry, by Application, 2022 – 2030
- 7.5.1 North America Textile Chemicals Industry, by Application, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Textile Chemicals Industry, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe Textile Chemicals Industry, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe Textile Chemicals Industry, 2022 – 2030 (USD Billion)
- 7.7 Europe Textile Chemicals Industry, by Product Type, 2022 – 2030
- 7.7.1 Europe Textile Chemicals Industry, by Product Type, 2022 – 2030 (USD Billion)
- 7.8 Europe Textile Chemicals Industry, by Application, 2022 – 2030
- 7.8.1 Europe Textile Chemicals Industry, by Application, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Textile Chemicals Industry, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific Textile Chemicals Industry, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific Textile Chemicals Industry, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific Textile Chemicals Industry, by Product Type, 2022 – 2030
- 7.10.1 Asia Pacific Textile Chemicals Industry, by Product Type, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific Textile Chemicals Industry, by Application, 2022 – 2030
- 7.11.1 Asia Pacific Textile Chemicals Industry, by Application, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Textile Chemicals Industry, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America Textile Chemicals Industry, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America Textile Chemicals Industry, 2022 – 2030 (USD Billion)
- 7.13 Latin America Textile Chemicals Industry, by Product Type, 2022 – 2030
- 7.13.1 Latin America Textile Chemicals Industry, by Product Type, 2022 – 2030 (USD Billion)
- 7.14 Latin America Textile Chemicals Industry, by Application, 2022 – 2030
- 7.14.1 Latin America Textile Chemicals Industry, by Application, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Textile Chemicals Industry, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Textile Chemicals Industry, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa Textile Chemicals Industry, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa Textile Chemicals Industry, by Product Type, 2022 – 2030
- 7.16.1 The Middle-East and Africa Textile Chemicals Industry, by Product Type, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa Textile Chemicals Industry, by Application, 2022 – 2030
- 7.17.1 The Middle-East and Africa Textile Chemicals Industry, by Application, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 The DyStar Group Lonsen
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 The Lubrizol Corporation
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 The DoW Chemicals Company
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Bayer Material Science
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Kiri Industries
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Omnova Solutions Inc.
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 BASF SE
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Solvay SA
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.1 The DyStar Group Lonsen
List Of Figures
Figures No 1 to 23
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
“Asia Pacific” region will lead the global Textile Chemicals market during the forecast period 2022 to 2030.
The growing population has boosted the textile chemicals market for apparel. Due to increased manufacturing, demand for textiles is expected to rise. Trade recessions and political instability may cause problems.
The key players operating in the Textile Chemicals market are The DyStar Group Lonsen, The Lubrizol Corporation, The DoW Chemicals Company, Bayer Material Science, Kiri Industries, Omnova Solutions Inc., BASF SE, Solvay SA, and Others.
The global Textile Chemicals market is expanding growth with a CAGR of approximately 5.1% during the forecast period (2022 to 2030).
The global Textile Chemicals market size was valued at USD 25.18 billion in 2021 and it is projected to reach around USD 39.8 billion by 2030.