Emerging Trends in the Textile Chemicals Industry: Forecast to 2032
The global textile chemicals market is experiencing steady growth, driven by expanding textile production, increasing demand for technical textiles, and innovation in sustainable chemical formulations. According to Fortune Business Insights the textile chemicals market was valued at USD 20.67 billion in 2019 and is expected to grow to USD 26.97 billion by 2027, registering a steady CAGR of 3.5% during the forecast period from 2025 to 2032. Textile chemicals are products that are used in the treatment of textile material at various stages in the manufacturing process. The product plays an important role in obtaining favorable textile properties. The rising applications of textile chemicals across diverse industry verticals will emerge in favor of the growth of the overall market in the forthcoming years. The massive investments in the development of efficient textile chemicals by major companies across the world will contribute to the growth of the market. Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/textile-chemicals-market-103284 Textile Chemicals Market Segmentation Analysis:By Product Type: The market is segmented into coating & sizing chemicals, colorants & auxiliaries, finishing agents, surfactants, de-sizing chemicals, and others. In 2019, the colorants & auxiliaries segment dominated the market due to its wide use in dyeing and finishing processes. These chemicals enhance dye fastness and prepare textiles for coloring. Common auxiliaries include dispersing agents, carriers, and anti-foaming agents. Textile colorants, such as acid, basic, vat, and sulfur dyes, are selected based on fiber compatibility to achieve the desired aesthetic appeal.
By Application: The market is categorized into apparel, home furnishing, and technical textiles. The apparel segment led the market in 2019, accounting for 52.8% share, driven by rising global demand and consumer trends. Textile chemicals are vital for maintaining product quality and performance in clothing.
The technical textiles segment is expected to grow the fastest, with applications in industries like automotive, construction, agriculture, and healthcare due to their durability, lightweight nature, and functional versatility.
Key Market Drivers:
- Rising demand for technical and functional textiles in industries like automotive, healthcare, and construction.
- Growth in apparel and fashion industry, particularly in emerging markets like China, India, and Brazil.
- Shift toward sustainable and eco-friendly chemicals, supported by stringent environmental regulations.
- Advancements in textile manufacturing technologies, encouraging the use of specialty chemicals for performance enhancement.
Market Restraints:
- Environmental and regulatory concerns related to chemical usage and wastewater management.
- Volatility in raw material prices affecting profit margins.
- High R&D costs associated with developing green alternatives.
- Archroma (Switzerland)
- Huntsman Corporation (USA)
- DIC Corporation (Japan)
- Kiri Industries Ltd. (India)
- Covestro AG (Germany)
- Omnova Solutions Inc. (USA)
- Lubrizol Corporation (USA)
- Solvay S.A. (Belgium)
- Evonik Industries (Germany)
- Tanatext Chemicals (Netherlands)
- Rudolf GmbH (Germany)
- NICCA Chemical Co. Ltd. (Japan)
- Kemin Industries Inc. (USA)
- JINTEX Ltd. (Taiwan)
- Sarex Chemicals (India)
- March 2020: Huntsman Corporation announced the launch of a new high performance polyester dye. The company introduced ‘Terasil Blue W Dye,’ for polyester sport and athleisure wear.