News

Jun 23, 2023

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

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

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 size

Textile Chemicals Market trends

Textile Chemicals Market industry analysis

Textile Chemicals Market 2023-2027: Segmentation

Application

Product

Geography

Detail Insights on the impact of each segment and make informed business decisions, Download a sample report now!

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.

VENDOR OFFERING

3M Co. - The company offers textile chemicals solutions with 3M Dyneon Fluoropolymers.

Archroma Management GmbH - The company offers textile chemicals solutions for spinning, sizing, pretreatment, dyeing, and printing, as well as finishing.

Associated British Foods Plc - The company offers textile chemicals solutions through its subsidiary AB Enzymes.

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.

What's New?

Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

Global competitiveness and key competitor positions

Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Textile Chemicals Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027

Detailed information on factors that will assist textile chemicals market growth during the next five years

Estimation of the textile chemicals market size and its contribution to the parent market

Predictions on upcoming trends and changes in consumer behavior

The growth of the textile chemicals market

Analysis of the market's competitive landscape and detailed information on vendors

Comprehensive details of factors that will challenge the growth of textile chemicals market vendors

Gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Related Reports:

The textile manufacturing market is estimated to grow at a CAGR of 4.8% between 2022 and 2027. The size of the market is forecast to increase by USD 351.51 billion. This report extensively covers market segmentation by type (natural fibers, polyesters, nylons, and others), application (fashion, technical, household, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The premiumization through well-positioned brands is notably driving market growth.

The Textile Industry Waste Management Market size is estimated to grow at a CAGR of 12% between 2022 and 2027 and the size of the market is forecast to increase by USD 2,072.14 million. This report extensively covers market segmentation by application (wastewater treatment equipment and water purifier), service type (landfill, open dumping, incineration, recycling, and composting and anaerobic digestion), and geography ( APAC, North America, Europe, Middle East, and Africa, and South America). One of the key factors driving the textile industry waste management market growth is the increasing awareness about sustainability and environmental protection.

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

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global textile chemicals market 2017 - 2021

4.2 Application Segment Analysis 2017 - 2021

4.3 Product Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Application

6.1 Market segments

6.2 Comparison by Application

6.3 Apparel - Market size and forecast 2022-2027

6.4 Home textile - Market size and forecast 2022-2027

6.5 Technical textile - Market size and forecast 2022-2027

6.6 Market opportunity by Application

7 Market Segmentation by Product

7.1 Market segments

7.2 Comparison by Product

7.3 Coating and sizing chemicals - Market size and forecast 2022-2027

7.4 Colorants and auxiliaries - Market size and forecast 2022-2027

7.5 Finishing agents - Market size and forecast 2022-2027

7.6 Surfactants - Market size and forecast 2022-2027

7.7 Desizing agents - Market size and forecast 2022-2027

7.8 Market opportunity by Product

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 North America - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 China - Market size and forecast 2022-2027

9.9 US - Market size and forecast 2022-2027

9.10 Germany - Market size and forecast 2022-2027

9.11 UK - Market size and forecast 2022-2027

9.12 India - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 3M Co.

12.4 Archroma Management GmbH

12.5 Associated British Foods Plc

12.6 BASF SE

12.7 Christeyns NV

12.8 Dow Chemical Co.

12.9 Huntsman International LLC

12.10 Kemira Oyj

12.11 Kiri Industries Ltd.

12.12 Lanxess AG

12.13 Omya International AG

12.14 Organic Dyes and Pigments

12.15 Resil Chemicals Pvt. Ltd.

12.16 SURTECO GmbH

12.17 The Lubrizol Corp.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/textile-chemicals-market-to-grow-by-usd-5-153-79-million-from-2022-to-2027growing-use-of-technical-textiles-in-the-industrial-manufacturing-sector-to-drive-growth---technavio-301889460.html

SOURCE Technavio