According to TechSci Research report, “Textile chemicals Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Textile Chemicals Market stood at USD 27.28 billion in 2022 and is anticipated to grow with a CAGR of 4.73% in the forecast period, 2023-2028. The initiatives taken by the government based on textile chemicals has led to favorable market conditions for the Global Textile Chemicals Market. Several factors contribute to the growth of various textile chemical products.
In a notable and commendable initiative, the United Nations Environment Programme (UNEP) has brought together several major textile-producing nations, including Bangladesh, Indonesia, Pakistan, and Vietnam, to collectively address the pressing issue of pollution in the textile sector.
This groundbreaking $43-million initiative aims to provide support to businesses in effectively managing risks to workers and mitigating the environmental impact by eliminating the use of the most toxic chemicals in their production processes.UNEP's Textile Flagship Initiative represents a significant step towards achieving sustainability in the textile industry by focusing on three key priorities for system change.
Firstly, it aims to reduce the use and release of chemicals of concern, initially focusing on the textile sector but also extending to government and NGO projects. Secondly, it seeks to foster collaboration and promote sustainable development through various projects and initiatives. By aligning UNEP's work with these priorities, the Textile Flagship Initiative aims to drive positive change and ensure the long-term sustainability of the sector.
In the United States, the Environmental Protection Agency (EPA) plays a crucial role in regulating and providing compliance information for the textile and leather manufacturing sector. This includes the establishment of National Emission Standards for Hazardous Air Pollutants (NESHAPs) specifically tailored for leather tanning and fabric operations. By implementing these standards, the EPA aims to address and mitigate the potential adverse environmental impacts associated with these industries, ensuring a cleaner and healthier environment for both workers and communities.
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Sustainability has become a central focus in the textile industry, prompting extensive research and development efforts to create eco-friendly alternatives. These sustainable textile chemicals are specifically designed to minimize pollution and waste, aligning with global initiatives aimed at mitigating the environmental impact of the industry.
The United States, renowned as a world leader in textile research and development activities, has made significant contributions to the growth of the global textile chemicals market. The country's robust textile industry, supported by extensive research and development, has paved the way for the creation of advanced textile chemicals that meet the evolving demands of both consumers and manufacturers.
In conclusion, the surge in research and development activities plays a pivotal role in propelling the global textile chemicals market forward. By fostering innovation, promoting sustainability, and catering to the unique needs of the technical textiles sector, research and development initiatives are poised to continue shaping the future of the industry, ushering in a new era of growth and progress.
The Global Textile Chemicals Market is segmented into type, application, regional distribution, and company
Based on its type, the Auxiliaries segment held the largest share in the market. Dyeing auxiliaries refer to the auxiliary substances used in the dyeing and washing of yarns and fabrics. These compounds play a vital role in preparing and modifying the substrate for coloration, as well as enhancing the stability of the application medium to improve dyeing fastness. Important auxiliaries include dispersing agents, carriers, sequestering agents, peroxide killers, anti-foaming agents, and anti-pilling agents.
Meanwhile, textile colorants such as dyes and pigments are utilized to impart the desired visual appeal to fabrics. The selection of the appropriate textile colorant is crucial, considering the compatibility between the fabric type and dye type.
Different dyes, including sulfuric acid dyes, acetic acid dyes, bleaching agents, basic dyes, mordant dyes, azoic dyes, and vat dyes, are employed based on the fiber type. Consequently, the market for chemical textiles is projected to witness significant growth due to the increasing utilization of colorants and auxiliaries in the forecast period.
Based on region, the Asia Pacific segment is expected to grow during the forecast period. In the textile industry, bleaching agents play a crucial role in the pretreatment of textiles, serving as an essential step. The demand for these agents is expected to witness significant growth, driven by the increasing production of textiles and the rising investments by governments in emerging economies such as China, Japan, India, and South Korea.
For instance, in recent years, there has been a notable increase in Foreign Direct Investment (FDI) in the textiles and apparel industry. As of March 2021, FDI in this sector has reached US$ 3.75 billion, compared to US$ 3.68 billion in December 2020. This surge in investment reflects the growing confidence in the potential of the textile industry.
Furthermore, the construction of new textile industries in Malaysia is set to contribute to the demand for textile chemicals in the foreseeable future. In 2019, the Ministry of International Trade and Industry, in collaboration with the Federation of Malaysian Fashion, Textiles, and Apparels (FMFTA) and the Malaysian Investment Development Authority (MIDA), proposed the establishment of the first textile manufacturing center.
This initiative aims to revitalize the industry and strengthen its position in the global market. The increasing government investments in the textile industry, coupled with the demand for textile chemicals from various end-use industries in this region, are expected to drive the market growth in the forecast period. This presents a promising outlook for the textile industry, with potential opportunities for further expansion and development.
Major companies operating in the Global Textile Chemicals Market are:
- Solvay S.A.
- OMNOVA Solutions Inc.
- German Chemicals Ltd.
- Govi N.V.
- Resil Chemicals Pvt. Ltd.
- LANXESS AG
- Dow Inc.
- BASF SE
- Huntsman International LLC
- Evonik Industries AG
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“Growing application of textile chemicals in various end-user industries are key drivers of the textile chemicals market. Growth in the competitive landscape and the presence of well-established companies in the market who are dedicated to enhancing their productivity of textile chemicals with every passing year are anticipated to register impressive growth in the Global Textile Chemicals Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Textile chemicals Market By Type (Colorants, Auxiliaries, Others), By Application (Technical Textiles, Home Textiles, Apparel, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Textile Chemicals Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Textile Chemicals Market.
Table of Content-Textile Chemicals Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Global Textiles Chemicals Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Type (Colorants, Auxiliaries, Others)
4.2.2. By Application (Technical Textiles, Home Textiles, Apparels, Others)
4.2.3. By Region
4.2.4. By Company (2022)
4.3. Market Map
4.3.1. By Type
4.3.2. By Application
4.3.3. By Region
- Asia Pacific Textiles Chemicals Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type
5.2.2. By Application
5.2.3. By Country
5.3. Asia Pacific: Country Analysis
5.3.1. China Textiles Chemicals Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Type
5.3.1.2.2. By Application
5.3.2. India Textiles Chemicals Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Value
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Type
5.3.2.2.2. By Application
5.3.3. Australia Textiles Chemicals Market Outlook
5.3.3.1. Market Size & Forecast
5.3.3.1.1. By Value
5.3.3.2. Market Share & Forecast
5.3.3.2.1. By Type
5.3.3.2.2. By Application
5.3.4. Japan Textiles Chemicals Market Outlook
5.3.4.1. Market Size & Forecast
5.3.4.1.1. By Value
5.3.4.2. Market Share & Forecast
5.3.4.2.1. By Type
5.3.4.2.2. By Application