Textile Chemicals Market
Textile Chemicals Market Analysis Report By Product Type (Coating and Sizing Agents, Finishing Agents, Surfactants), By Fiber Type (Natural, Synthetic Fiber), By Application (Apparel, Home, Automotive Textile), By Region - Global Insights 2022 to 2032
Analysis of Textile Chemicals market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Textile Chemicals Market Outlook
The global textile chemicals market is estimated at USD 26.5 Billion in 2022 and is forecast to surpass USD 40.6 Billion by 2032, growing at a CAGR of 4.3% from 2022 to 2032.
The global textile chemicals market is likely to create an absolute dollar opportunity of USD 14.1 Billion by the end of 2032. The global textile chemicals market holds ~1% of the global chemicals market.
Report Attributes |
Details |
|
Base Year Value (2021A) |
USD 25.5 Billion |
|
Estimated Year Value (2022E) |
USD 26.5 Billion |
|
Projected Year Value (2032F) |
USD 40.6 Billion |
|
Global Growth Rate (2022 to 2032) |
CAGR 4.3% |
|
North America Market Share in 2021 |
~42% |
|
North America Growth Rate (2022 to 2032) |
CAGR ~4.6% |
|
Collective Value Share (US, China, India) 2022: Top 3 Countries |
~39% |
|
Top 5 Companies Market Share in 2021 |
~23% |
|
Key Companies Profiled |
Archroma; Huntsman International LLC; Dow; Wacker Chemie AG; Evonik Industries AG; Bozzetto Group; Asutex; Phong Phu International (PPJ); Achitex Minerva; Other Market Players |
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2017 to 2021 Global Textile Chemicals Market Outlook in Comparison to 2022 to 2032 Growth Forecast
Chemicals that are used in various stages of textile processing, such as preparation, dyeing, printing, and finishing, are included in the class of textile chemicals. They are usually used to enhance and give desired properties and color to the fabrics when they are manufactured. Textile chemicals, including textile auxiliaries and textile colorants, hold nearly 2% of the overall specialty chemicals market.
The global textile chemicals market is primarily driven by advancements in the apparel industry. Rising investments in value-added treatments to apparel to achieve unique selling points (USPs) are projected to aid the textile chemicals market growth.
Besides the apparel industry, rising demand from the technical textiles sector, which includes textiles for automotive applications, medical, geotextiles, agro-textiles, protective clothing, and sporting, are expected to offer lucrative opportunities to the players of the textile chemicals market because of the increasing demand for smart textiles across the globe.
Fact.MR projects the textile chemicals market is expected to witness exhibiting growth at 4.3% CAGR during 2022 and 2032 in comparison to a CAGR of 2.8% with which it grew from 2017 and 2021.
Market Players Focusing on Sustainability
As a result of soaring environmental concerns, the demand for eco-friendly chemicals is expected to rise in textile chemicals market. Companies are looking for effective ways of reducing the volume of water and energy consumed during various stages of textile processing. Driven by this, the textile chemicals market is witnessing a shift from conventional textile chemicals to environment-friendly ones. There is immense focus on the production of green chemicals using plant and animal fat/ oils. Companies also are able to offer greater cost competitiveness as they shift to the production of bio-based chemicals.
Spurred by these factors, white biotechnology that has emerged as an aid to reduce water consumption and green gas effect in the textile industry. The advent of this approach has led to widespread use of bio dyes or natural dyes. Unlike traditional textile chemicals, bio-dyes do not cause harm to workers in the industry. Also, they are cost-effective, eco-friendly, and safer. The rising use of eco-friendly chemicals is indicative of increasing focus on adoption of sustainable approaches among the market players.
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Manufacturers Adopting Sustainable Approaches
Owing to the continuously increasing population and their changing lifestyles, have increased textile consumption and propelled the growth of the textile industry. This has also led the leading manufacturers engaging in R&D initiatives and mergers and acquisitions. Manufacturers in the textile chemicals market are adopting sustainable approaches to curb the emission and expenditure. For instance, cotton textile manufacturers are increasingly adopting non-aqueous dyeing as it requires a little amount of water.
Some of the textile manufacturers are concentrating on the development of new textiles with smart functions that involve the use of high-performance protective materials, nanotechnology and biotechnology know-how, specialty coating and lamination formulas, and ink-jet printing processes. For instance, Purolite has launched an innovative textile chemicals resin simulation platform which they named Purolite Resin System Modeling (PRSM™) platform. It is a free cloud-based program that outlines all viewpoints of plant design connected with ion exchange resin performance and handling.
Textile Chemicals Market Insights by Application
Based on application, the market is led by the apparels textiles segment. Growth witnessed by the segment is due to the increasing disposable income and the growing population which has led to the rising demand for apparel, particularly for sportswear and casual wear. This, in turn, is fueling the demand for textile chemicals in the apparels textiles segment.
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Textile Chemicals Market Insights by Fiber
According to Fact.MR, the synthetic segment is projected to dominate the market. This dominance is attributable to the low production cost and higher performance of synthetic fibers than that of natural fibers.
Based on product, the coating & sizing chemicals segment is expected to lead the market. Growth observed in the segment is due to the rising demand for these agents in the pre-treatment stage of the textile processing chain. These agents increase the strength and abrasion resistance of yarns which is further boosting their demand.
Increasing Wastewater Due to Insoluble Dyes Restraining Growth
Traditional dyes consume large amount of water and are insoluble. This often leads to wastage of water, which could limit the growth of the market to an extent. Besides higher water consumption, traditional textile chemicals may harm workers in the industry owing to the emission of toxic substances. Threat of toxicity and concerns pertaining to safety of workers are hampering growth of the market.
Regional Outlook of Textile Chemicals Market
Asia Pacific is anticipated to be the most lucrative market for textile chemicals through the forecast period. Growth of the region is attributable to the extensive demand for textiles from the apparel and the home furnishing sectors in emerging economies, such as India and China. Furthermore, favorable government initiatives in the region are contributing to the growth of the chemical industry.
For instance, in India, the “Make in India” initiative is forecast to play a major role in making the country a production hub for chemicals, particularly specialty chemicals. Furthermore, government concessions to small-sized businesses and the emergence of numerous relatively low-cost manufacturing avenues such as Vietnam, Bangladesh, and Indonesia in Asia Pacific are driving the market. However, the rising labor charges in the region are limiting the growth of this market.
North America is one of the key regions accounting for a sizeable share in the market. Research and development initiatives adopted by key players in the region due to restrictions imposed on the usage of traditional chemicals are paving the way for environment-friendly textile chemicals in North America.
However, companies operating in North America are facing competition from imported textiles that are manufactured with low labor charges and in economic infrastructure. Thus, production cost and quality have become the key concerns for the region.
The Europe market as well is heading towards a greener approach supported by stringent administrations of the region and initiatives by the European Union (EU). Europe is projected to hold a position among top three regions during the forecast period which is attributable to the rising significance of geotextiles in the region.
Competitive Landscape: Top Companies in Textile Chemicals Market
The global textile chemicals market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of textile chemicals.
Fact.MR has provided detailed information about price points of key manufacturers in textile chemicals market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
- Dow in 2021 in order to enable sustainable textiles introduced innovative durable water-repellent finishing to improve fabric retention. One of the key advantage being offered is that it does not require the heat-treatment to restore water repellency performance
- Phong Phu International (PPJ) and Huntsman Textile Effects partnered in 2020 to endorse the growth of Phong Phu International as a leading manufacturer of high-performance garments and textiles
Global Textile Chemicals Market by Category
-
By Product Type:
- Coating and Sizing Agents
- Colorants and Auxilliaries
- Finishing Agents
- Surfactants
- Desizing Agents
- Bleaching Agents
- Other Product Types
-
By Fiber Type:
- Natural Fiber
- Synthetic Fiber
-
By Application:
- Apparel
- Home Textile
- Automotive Textile
- Industrial Textile
- Other
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks And Trends Assessment
- 4. Market Background And Foundation Data Points
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2015 to 2019 And Forecast, 2020 to 2030
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2015 to 2019 And Forecast, 2020 to 2030
- 9. Global Market Analysis 2015 to 2019 And Forecast 2020 to 2030, By Application
- 9.1. Apparel
- 9.2. Home Furnishing
- 9.3. Industrial Textile
- 9.4. Automotive Textile
- 9.5. Technical Textile
- 9.6. Others
- 10. Global Market Analysis 2015 to 2019 And Forecast 2020 to 2030, By Product
- 10.1. Dye & Dyestuff
- 10.1.1. Acid Dyes
- 10.1.2. Basic Dyes
- 10.1.3. Reactive Dyes
- 10.1.4. Sulfur Dyes
- 10.1.5. Others
- 10.2. Bleaching Agents
- 10.3. Coating & Sizing Agents
- 10.3.1. De-foamers
- 10.3.2. Wetting Agents
- 10.3.3. Others
- 10.4. Finishing Agents
- 10.5. De-sizing Agents
- 10.6. Others
- 10.1. Dye & Dyestuff
- 11. Global Market Analysis 2015 to 2019 And Forecast 2020 to 2030, By Process
- 11.1. Pre-treatment
- 11.2. Dyeing
- 11.3. Fabric Softening
- 11.4. Drying
- 11.5. Finishing
- 11.6. Washing
- 11.7. Printing
- 11.8. Bleaching
- 11.9. Others
- 12. Global Market Analysis 2015 to 2019 And Forecast 2020 to 2030, By End User
- 12.1. Natural
- 12.2. Synthetic
- 12.3. Technical
- 12.4. Woven
- 12.5. Nonwoven
- 12.6. Composite
- 13. Global Market Analysis 2015 to 2019 And Forecast 2020 to 2030, by Region
- 13.1. North America
- 13.2. Latin America
- 13.3. Europe
- 13.4. East Asia
- 13.5. South Asia
- 13.6. Oceania
- 13.7. Middle East And Africa (MEA)
- 14. North America Market Analysis 2015 to 2019 And Forecast 2020 to 2030
- 15. Latin America Market Analysis 2015 to 2019 And Forecast 2020 to 2030
- 16. Europe Market Analysis 2015 to 2019 And Forecast 2020 to 2030
- 17. East Asia Market Analysis 2015 to 2019 And Forecast 2020 to 2030
- 18. South Asia Market Analysis 2015 to 2019 And Forecast 2020 to 2030
- 19. Oceania Market Analysis 2015 to 2019 And Forecast 2020 to 2030
- 20. Middle East And Africa Market Analysis 2015 to 2019 And Forecast 2020 to 2030
- 21. Key Countries Market Analysis 2015 to 2019 And Forecast 2020 to 2030
- 22. Market Structure Analysis
- 23. Competition Analysis
- 23.1. Huntsman International LLC.
- 23.2. DyStar Singapore Pte Ltd
- 23.3. Covestro AG
- 23.4. Evonik Industries AG
- 23.5. Solvay
- 23.6. CHT Group
- 23.7. Tata Chemicals Ltd.
- 23.8. Fibro Chem, LLC
- 23.9. Archroma
- 23.10. The Dow Chemical Company
- 23.11. ZHEJIANG LONGSHENG GROUP CO.,LTD. (Lonsen)
- 23.12. The Lubrizol Corporation
- 23.13. Other Prominent Players
- 24. Assumptions And Acronyms Used
- 25. Research Methodology
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List Of Table
Table 01: Global Market Analysis by Product, 2015 to 2030
Table 02: Global Market Value (US$ Mn) by Product, 2015 to 2030
Table 03: Global Market Analysis By Application, 2015 to 2030
Table 04: Global Market Value (US$ Mn) By Application, 2015 to 2030
Table 05: Global Market Analysis by Fiber, 2015 to 2030
Table 06: Global Market Value (US$ Mn) by Fiber, 2015 to 2030
Table 07: Global Market Analysis by Region , 2015 to 2030
Table 08: Global Market Value (US$ Mn) by Region , 2015 to 2030
Table 09: North America Market Analysis by Product, 2015 to 2030
Table 10: North America Market Value (US$ Mn) by Product, 2015 to 2030
Table 11: North America Market Analysis By Application, 2015 to 2030
Table 12: North America Market Value (US$ Mn) By Application, 2015 to 2030
Table 13: North America Market Analysis by Fiber, 2015 to 2030
Table 14: North America Market Value (US$ Mn) by Fiber, 2015 to 2030
Table 15: North America Market Analysis by Country , 2015 to 2030
Table 16: North America Market Value (US$ Mn) by Country , 2015 to 2030
Table 17: Latin America Market Analysis by Product, 2015 to 2030
Table 18: Latin America Market Value (US$ Mn) by Product, 2015 to 2030
Table 19: Latin America Market Analysis By Application, 2015 to 2030
Table 20: Latin America Market Value (US$ Mn) By Application, 2015 to 2030
Table 21: Latin America Market Analysis by Fiber, 2015 to 2030
Table 22: Latin America Market Value (US$ Mn) by Fiber, 2015 to 2030
Table 23: Latin America Market Analysis by Country , 2015 to 2030
Table 24: Latin America Market Value (US$ Mn) by Country , 2015 to 2030
Table 25: Europe Market Analysis by Product, 2015 to 2030
Table 26: Europe Market Value (US$ Mn) by Product, 2015 to 2030
Table 27: Europe Market Analysis By Application, 2015 to 2030
Table 28: Europe Market Value (US$ Mn) By Application, 2015 to 2030
Table 29: Europe Market Analysis by Fiber, 2015 to 2030
Table 30: Europe Market Value (US$ Mn) by Fiber, 2015 to 2030
Table 31: Europe Market Analysis by Country , 2015 to 2030
Table 32: Europe Market Value (US$ Mn) by Country , 2015 to 2030
Table 33: East Asia Market Analysis by Product, 2015 to 2030
Table 34: East Asia Market Value (US$ Mn) by Product, 2015 to 2030
Table 35: East Asia Market Analysis By Application, 2015 to 2030
Table 36: East Asia Market Value (US$ Mn) By Application, 2015 to 2030
Table 37: East Asia Market Analysis by Fiber, 2015 to 2030
Table 38: East Asia Market Value (US$ Mn) by Fiber, 2015 to 2030
Table 39: East Asia Market Analysis by Country , 2015 to 2030
Table 40: East Asia Market Value (US$ Mn) by Country , 2015 to 2030
Table 41: South Asia & Oceania Market Analysis by Product, 2015 to 2030
Table 42: South Asia & Oceania Market Value (US$ Mn) by Product, 2015 to 2030
Table 43: South Asia & Oceania Market Analysis By Application, 2015 to 2030
Table 44: South Asia & Oceania Market Value (US$ Mn) By Application, 2015 to 2030
Table 45: South Asia & Oceania Market Analysis by Fiber, 2015 to 2030
Table 46: South Asia & Oceania Market Analysis by End Use Industry, 2015 to 2030
Table 47: South Asia & Oceania Market Value (US$ Mn) by End Use Industry, 2015 to 2030
Table 48: South Asia & Oceania Market Analysis by Country , 2015 to 2030
Table 49: South Asia & Oceania Market Value (US$ Mn) by Country , 2015 to 2030
Table 50: MEA Market Analysis by Product, 2015 to 2030
Table 51: MEA Market Value (US$ Mn) by Product, 2015 to 2030
Table 52: MEA Market Analysis By Application, 2015 to 2030
Table 53: MEA Market Value (US$ Mn) By Application, 2015 to 2030
Table 54: MEA Market Analysis by Fiber, 2015 to 2030
Table 55: MEA Market Value (US$ Mn) by Fiber, 2015 to 2030
Table 56: MEA Market Analysis by Country , 2015 to 2030
Table 57: MEA Market Value (US$ Mn) by Country , 2015 to 2030
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List Of Figures
Figure No. 01: Global Market Value (US$ Mn), Forecast and Analysis, 2020 to 2030
Figure No. 02: Global Market Share Analysis by Product, 2020 to 2030
Figure No. 03: Global Market Y-o-Y Growth Projections by Product, 2020 to 2030
Figure No. 04: Global Market Attractiveness Analysis by Product, 2020 to 2030
Figure No. 05: Global Market Share Analysis By Application, 2020 to 2030
Figure No. 06: Global Market Y-o-Y Growth Projections By Application, 2020 to 2030
Figure No. 07: Global Market Attractiveness Analysis By Application, 2020 to 2030
Figure No. 08: Global Market Share Analysis by Fiber, 2020 to 2030
Figure No. 09: Global Market Y-o-Y Growth Projections by Fiber, 2020 to 2030
Figure No. 10: Global Market Attractiveness Analysis by Fiber, 2020 to 2030
Figure No. 11: Global Market Share Analysis by End-Use, 2020 to 2030
Figure No. 12: Global Market Share Analysis by Region, 2020 to 2030
Figure No. 13: Global Market Y-o-Y Growth Projections by Region, 2020 to 2030
Figure No. 14: Global Market Attractiveness Analysis by Region, 2020 to 2030
Figure No. 15: North America Market Value (US$ Mn), Forecast and Analysis, 2020 to 2030
Figure No. 16: North America Market Share Analysis by Product, 2020 to 2030
Figure No. 17: North America Market Y-o-Y Growth Projections by Product, 2020 to 2030
Figure No. 18: North America Market Attractiveness Analysis by Product, 2020 to 2030
Figure No. 19: North America Market Share Analysis By Application, 2020 to 2030
Figure No. 20: North America Market Y-o-Y Growth Projections By Application, 2020 to 2030
Figure No. 21: North America Market Attractiveness Analysis By Application, 2020 to 2030
Figure No. 22: North America Market Share Analysis by Fiber, 2020 to 2030
Figure No. 23: North America Market Y-o-Y Growth Projections by Fiber, 2020 to 2030
Figure No. 24: North America Market Attractiveness Analysis by Fiber, 2020 to 2030
Figure No. 25: North America Market Share Analysis by Country, 2020 to 2030
Figure No. 26: North America Market Y-o-Y Growth Projections by Country, 2020 to 2030
Figure No. 27: North America Market Attractiveness Analysis by Country, 2020 to 2030
Figure No. 28: Latin America Market Value (US$ Mn), Forecast and Analysis, 2020 to 2030
Figure No. 29: Latin America Market Share Analysis by Product, 2020 to 2030
Figure No. 30: Latin America Market Y-o-Y Growth Projections by Product, 2020 to 2030
Figure No. 31: Latin America Market Attractiveness Analysis by Product, 2020 to 2030
Figure No. 32: Latin America Market Share Analysis By Application, 2020 to 2030
Figure No. 33: Latin America Market Y-o-Y Growth Projections By Application, 2020 to 2030
Figure No. 34: Latin America Market Attractiveness Analysis By Application, 2020 to 2030
Figure No. 35: Latin America Market Share Analysis by Fiber, 2020 to 2030
Figure No. 36: Latin America Market Y-o-Y Growth Projections by Fiber, 2020 to 2030
Figure No. 37: Latin America Market Attractiveness Analysis by Fiber, 2020 to 2030
Figure No. 38: Latin America Market Share Analysis by Country, 2020 to 2030
Figure No. 39: Latin America Market Y-o-Y Growth Projections by Country, 2020 to 2030
Figure No. 40: Latin America Market Attractiveness Analysis by Country, 2020 to 2030
Figure No. 41: Europe Market Value (US$ Mn), Forecast and Analysis, 2020 to 2030
Figure No. 42: Europe Market Share Analysis by Product, 2020 to 2030
Figure No. 43: Europe Market Y-o-Y Growth Projections by Product, 2020 to 2030
Figure No. 44: Europe Market Attractiveness Analysis by Product, 2020 to 2030
Figure No. 45: Europe Market Share Analysis By Application, 2020 to 2030
Figure No. 46: Europe Market Y-o-Y Growth Projections By Application, 2020 to 2030
Figure No. 47: Europe Market Attractiveness Analysis By Application, 2020 to 2030
Figure No. 48: Europe Market Share Analysis by Fiber, 2020 to 2030
Figure No. 49: Europe Market Y-o-Y Growth Projections by Fiber, 2020 to 2030
Figure No. 50: Europe Market Attractiveness Analysis by Fiber, 2020 to 2030
Figure No. 51: Europe Market Share Analysis by Country, 2020 to 2030
Figure No. 52: Europe Market Y-o-Y Growth Projections by Country, 2020 to 2030
Figure No. 53: Europe Market Attractiveness Analysis by Country, 2020 to 2030
Figure No. 54: East Asia Market Value (US$ Mn), Forecast and Analysis, 2020 to 2030
Figure No. 55: East Asia Market Share Analysis by Product, 2020 to 2030
Figure No. 56: East Asia Market Y-o-Y Growth Projections by Product, 2020 to 2030
Figure No. 57: East Asia Market Attractiveness Analysis by Product, 2020 to 2030
Figure No. 58: East Asia Market Share Analysis By Application, 2020 to 2030
Figure No. 59: East Asia Market Y-o-Y Growth Projections By Application, 2020 to 2030
Figure No. 60: East Asia Market Attractiveness Analysis By Application, 2020 to 2030
Figure No. 61: East Asia Market Share Analysis by Fiber, 2020 to 2030
Figure No. 62: East Asia Market Y-o-Y Growth Projections by Fiber, 2020 to 2030
Figure No. 63: East Asia Market Attractiveness Analysis by Fiber, 2020 to 2030
Figure No. 64: East Asia Market Share Analysis by Country, 2020 to 2030
Figure No. 65: East Asia Market Y-o-Y Growth Projections by Country, 2020 to 2030
Figure No. 66: East Asia Market Attractiveness Analysis by Country, 2020 to 2030
Figure No. 67: South Asia & Oceania Market Value (US$ Mn), Forecast and Analysis, 2020 to 2030
Figure No. 68: South Asia & Oceania Market Share Analysis by Product, 2020 to 2030
Figure No. 69: South Asia & Oceania Market Y-o-Y Growth Projections by Product, 2020 to 2030
Figure No. 70: South Asia & Oceania Market Attractiveness Analysis by Product, 2020 to 2030
Figure No. 71: South Asia & Oceania Market Share Analysis By Application, 2020 to 2030
Figure No. 72: South Asia & Oceania Market Y-o-Y Growth Projections By Application, 2020 to 2030
Figure No. 73: South Asia & Oceania Market Attractiveness Analysis By Application, 2020 to 2030
Figure No. 74: South Asia & Oceania Market Share Analysis by Fiber, 2020 to 2030
Figure No. 75: South Asia & Oceania Market Y-o-Y Growth Projections by Fiber, 2020 to 2030
Figure No. 76: South Asia & Oceania Market Attractiveness Analysis by Fiber, 2020 to 2030
Figure No. 77: South Asia & Oceania Market Share Analysis by Country, 2020 to 2030
Figure No. 78: South Asia & Oceania Market Y-o-Y Growth Projections by Country, 2020 to 2030
Figure No. 79: South Asia & Oceania Market Attractiveness Analysis by Country, 2020 to 2030
Figure No. 80: MEA Market Value (US$ Mn), Forecast and Analysis, 2020 to 2030
Figure No. 81: MEA Market Share Analysis by Product, 2020 to 2030
Figure No. 82: MEA Market Y-o-Y Growth Projections by Product, 2020 to 2030
Figure No. 83: MEA Market Attractiveness Analysis by Product, 2020 to 2030
Figure No. 84: MEA Market Share Analysis By Application, 2020 to 2030
Figure No. 85: MEA Market Y-o-Y Growth Projections By Application, 2020 to 2030
Figure No. 86: MEA Market Attractiveness Analysis By Application, 2020 to 2030
Figure No. 87: MEA Market Share Analysis by Fiber, 2020 to 2030
Figure No. 88: MEA Market Y-o-Y Growth Projections by Fiber, 2020 to 2030
Figure No. 89: MEA Market Attractiveness Analysis by Fiber, 2020 to 2030
Figure No. 90: MEA Market Share Analysis by Country, 2020 to 2030
Figure No. 91: MEA Market Y-o-Y Growth Projections by Country, 2020 to 2030
Figure No. 92: MEA Market Attractiveness Analysis by Country, 2020 to 2030
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the global Textile Chemicals Market scenario?
The global value of textile chemicals market is estimated to be worth over USD 26.5 Billion in 2022.
How far is the global demand expected to reach over the forecasted period?
The demand is anticipated to surpass USD 40.6 Billion by 2032 end.
What was the last 5-year CAGR for the demand in the Textile Chemicals Market?
During 2017 to 2021, global textile chemicals market grew at 2.8% CAGR.
Who are the prominent players in the global Textile Chemicals Market?
Some of the prominent players in textile chemicals market are Dow Inc., Huntsman Corporation, Archroma, Wacker Chemie AG, Evonik Industries AG, etc.
Which is the most leading region in the Textile Chemicals Market?
North America tops the global textile chemicals market accounting for 42.3% of global market share in 2022.
Which application segment contributes maximum share in Textile Chemicals sales?
Apparel segment under the application segment contributes 31.2% of market share in global sales of textile chemicals.
Textile Chemicals Market