Textile Chemicals Market Forecast, Emerging Technologies And ApplicationsPosted by Jyoti on September 3rd, 2024 ![]() Textile Chemicals Industry Overview
The global textile chemicals market size was valued at USD 26.44 billion in 2023 and is projected to grow at a CAGR of 4.5% in terms of revenue from 2024 to 2030. The demand for textile chemicals is increasing rapidly due to the booming clothing and apparel industry, driven by the rising global population, urbanization, and higher disposable incomes.
In addition, the growing trend towards sustainable and functional textiles has led to the development and use of advanced chemicals that enhance fabric properties such as durability, stain resistance, and comfort. Innovations in textile manufacturing processes, such as digital printing and nanotechnology, also require specialized chemicals, further fueling demand. Moreover, the expansion of textile production in developing countries with lower labor costs contributes to the heightened need for these chemicals to meet international quality and environmental standards.
Textile chemicals are a diverse array of substances used during the various stages of clothing manufacturing and processing to enhance the characteristics and performance of fibers and fabrics. These chemicals include dyes, finishing agents, softeners, surfactants, and other specialty chemicals that impart color, improve texture, increase durability, and add specific functionalities like water repellency or flame resistance.
In today's emerging world, these products are of paramount importance due to the increasing demand for high-quality and multifunctional textiles. As consumers seek more sustainable, durable, and technologically advanced fabrics, the role of these chemicals becomes crucial in meeting these expectations. They enable innovations in clothing production, such as eco-friendly dyes and finishes, which support sustainability goals. In addition, the growth of technical textiles used in healthcare, construction, and automotive industries relies heavily on advanced products to provide specific performance characteristics essential for these applications. Thus, these products are central to driving progress and meeting the evolving needs of the global textile market.
The most prominent driver for textile chemicals on a global scale is the increasing demand for high-performance and sustainable clothing. As consumers become more environmentally conscious and seek higher quality products, the clothing industry is compelled to adopt advanced chemical solutions that enhance fabric properties while minimizing environmental impact. This includes the use of eco-friendly dyes, non-toxic finishing agents, and biodegradable chemicals that reduce pollution and promote sustainability. In addition, the growth of the fashion industry, along with expanding applications of technical textiles in various sectors such as healthcare, automotive, and construction, further fuels the demand for innovative products. These factors collectively make the push for sustainability and performance the leading driver in the global product market.
Browse through Grand View Research's Category Specialty Polymers Industry Research Reports.
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Textile Chemicals Market Segmentation
Grand View Research has segmented the global textile chemicals market based on process, product, application, and region:
Key Companies profiled:
• AB Enzymes
Key Textile Chemicals Company Insights
Some of the key players operating in the global textile chemicals market include Kiri Industries Ltd., AB Enzymes, Dow, BASF SE, The Lubrizol Corporation, Kemira Oyj, and Evonik Industries AG, among others.
• AB Enzymes is a biotech company that develops and manufactures enzyme preparations for a wide range of applications such as baking, fruit juice processing, grains processing, animal feed, paper, textiles, and laundry.
• BASF SE operates through six business segments, including chemicals, industrial solutions, materials, surface technologies, nutrition and care, and agricultural solutions. The chemical segment's product portfolio includes intermediates, monomers, petrochemicals, and catalysts. The company provides non-halogenated flame-retardants for several end-use industries, including the textile market.
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