Textile chemicals market is projected to grow at a CAGR of 3.6% during the forecast period. Textile chemicals are intermediate compounds used for improving and optimizing fabric processing or for manufacturing processes. The demand for textile chemicals is increasing due to technological advancement in mechanized-produced textiles, to full-fill the clothing demands of the increasing population and providing effective quality and durability of textile materials. The textile chemical products are employed in clothing industries, agriculture, packaging, environmental protection, and transportation sectors.
The major factor that drives the market include the developing apparel industries owing to the increasing consumer demands. The other factors that fuel the market growth include the rise in demand for home furnishing, agricultural activities, floor furnishings, technical textiles, and environmentally friendly products. Apart from this, the rise of the packaging industry will drive the growth of the market in the upcoming future. However, the growth of the market is mainly restrained by unfavourable effects of chemicals on the environment, thus harming biotic and abiotic components of the environment. Textile chemicals are mostly discharged into local water bodies leading to water pollution and water shortage. In addition, strict regulatory norms also hamper the growth of the textile chemical market.
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Textile Chemicals Market Segmentation
By Type
Colorants &Auxiliaries
Coating&Sizing Chemicals
Surfactants
Desizing Agents
Finishing Agents
Others
By Application
Apparel
Automotive Textile
Home Furnishing
Industrial Textile
Others
By Raw Material
Synthetic (Polyester, Nylon)
Cotton
Wool & Cashmere
Silk
Rayon/Viscose
Others
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Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Company Profiles
Achitex Minerva SpA
Archroma
Arkema SA
Borealis AG
China Petroleum & Chemical Ord Shs A (SINOPEC)
CHT Germany GmbH
Covestro AG
Croda International PLC
Dow Inc.
DyStar Singapore Pte Ltd.
Evonik Industries AG
Formosa Plastics Corp.
Giovanni Bozzetto S.p.a.
Huntsman International LLC
KemiraOyj
Mitsubishi Chemical Corp.
NICCAChemical Co., Ltd.
Nouryon Chemicals Holding B.V.
Rudolf GmbH
SABIC
Sarex Chemical Ltd.
Solvay SA
Tata Chemicals Ltd.
Tanatex Chemicals BV
Toray Industries, Inc.
The Lubrizol Corp.
Wacker Chemie AG
Zhejiang Longsheng Group Co., Ltd.
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