The size of the global market for textile chemicals, estimated at USD 26.50 billion in 2021, is expected to increase at a compound annual growth rate (CAGR) of 4.4% between 2022 and 2030. This expansion can be attributed to the rising demand for textiles used in clothes, technical goods, home goods, and other areas. The demand for clothing and other textile items is anticipated to rise along with the population, boosting this industry’s capacity for production. Currency fluctuations are currently complicating international trade as a result of recession in several different nations. The Eurozone crisis and Britain post-BREXIT are two more significant issues the textile sector must deal with.
The American Chemistry Council predicts that the volume of chemicals consumed in the U.S. will rise as a result of rising demand from the consumer goods, construction, and automotive industries. The country’s chemicals industry is anticipated to return to its pre-pandemic level by 2023.
This is anticipated to open up chances for textile chemical makers to establish production facilities in the U.S. or to work with regional players there. For the sale of Mowilith emulsions, for instance, in June 2021 Archroma teamed with Van Horn, Metz & Co. Inc., a speciality raw material distributor in the nation.
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In 2021, the coating process had a 71.16% revenue share, dominating the market. The need for coating chemicals with extra features like waterproofing, fire resistance, stain repellence, and others is growing, which explains its large market share.
Throughout the anticipated period, the coating process segment is anticipated to maintain its leadership position in the market. Coating protection chemicals are primarily used in the coating process to meet the rising need for protective coatings such as flame retardant, UV, and other coatings that are expected to increase in demand in the coming years.
The denim finishing process in the textile industry makes extensive use of denim finishing agents such enzymes, softeners, anti-back staining agents, and bleaching agents. The demand for high-quality finishing with aesthetically pleasing and soft-handling materials is expected to increase, which will cause finishing agent usage to grow more quickly.
Chemicals used in coating and sizing dominated the market in 2021 with a revenue share of 50.22%. The rising demand from geotextiles, automotive, outdoor clothing, and aerospace applications is responsible for this high share. For effective fabric sizing during the finishing process, there will be an increase in demand for sizing chemicals globally over the course of the projection period.
The most popular natural pastes are dextrin, wheat starch, maize starch, gelatin, etc. Water-soluble polymers, commonly referred to as textile sizing chemicals or agents, are used to preserve yarns so they can endure mechanical stress during weaving. Examples include carboxymethyl cellulose, polyvinyl alcohol, acrylates, and modified starch.
With a revenue share of 44.71% in 2021, the market was led by applications for clothing. The growing millennial and Gen Z populations, who are affected by social media and fashion stars, rising disposable incomes, and the booming e-commerce sector are all responsible for this high percentage.
Expansion in the manufacturing of textile raw materials is also anticipated, and this growth will certainly impact the manufacture of clothes. For instance, the India Brand Equity Foundation reports that the country’s fibre production increased from 1.44 million tonnes in 2019 to 2.4 million tonnes in 2020. (IBEF). The demand for textile chemicals in apparel for pretreatment, dyeing, and printing applications is anticipated to rise as apparel production increases.
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- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa