Textile Chemicals Market was estimated to be around 26 billion in 2020 and is anticipated to display a CAGR of above 4% over the forecast period (2021-2027). With rising technical advancements in machinery and textile manufacturing process for textile and apparel industries and surge in demand for home furnishing products, resulting in demand of large amount of textile chemicals resulting in expansion of textile chemicals market. Textured filament yarn of polyester which is extensively used in knitting and weaving to make home textiles like bed linens and curtains has vast usage in residential, healthcare and hospitality industry which has led to increase in its exports. In addition to this, the increase in manufacture of polyester yarn for exports led to consumption of chemicals for further advancements, thereby expanding textile chemical market. For instance, in 2020, China exported textured filament yarn of polyester was valued to nearly USD 1.6 Bn.

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Novel corona virus has negatively impacted the supply and demand of textile chemicals by suspension of manufacturing units and border closure to stop the spread of virus. However, since pandemic exposes inefficiencies in its value chains, therefore companies and countries have responding by accelerating investments in initiatives to reduce risks, improve productivity, and leverage alternative products, processes, and markets.

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Based on fiber type, textile chemicals market is bifurcated into natural and synthetic fiber. Currently, synthetic fibers hold a prominent market share due to large demand of polyester, nylon, acrylic and polyolefin in sportwear market. Natural fiber category is likely to witness high growth rate due to rising awareness among population with the benefits associated with the use of natural fibers. Natural textile fibers are plant-based or animal-based. Both have different benefits for instance, Cotton fabrics are comfortable, very soft, have good heat conduction and absorbency; these characteristics make it perfect for garments that are in close contact with the skin, both in spring-summer and fall-winter seasons.

Based on product type, textile chemicals market in divided into coating & sizing agents, colorant & auxiliaries, furnishing agents, surfactants, desizing agents, bleaching agents, and others. Among all, desizing and colorants holds a considerable market share. This is mainly due to their extensive usage in large segment of textiles. Although, furnishing agents also hold a prominent market share for premium aesthetic textiles manufacturing.

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On the basis of application, textile chemicals market is divided into apparels, home textiles, technical textiles, others. Currently, apparels and home textiles hold considerable market share which is mainly owing higher purchasing power of end users. Further, Covid-19 propelled the demand for sportswear. During lockdown majority of population opted to wear comfortable apparels thereby escalating the demand for textile chemicals used in apparel category.

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Additionally, the report provides detailed initiatives that are being taken in the field of textile chemicals. The market is classified into distinct regions including North America, Europe, Asia Pacific, and the Rest of World. Asia Pacific constitutes the prominent market for the industry in 2020 owing to growing population leading to high demand for textiles thus increasing the demand for textiles chemicals.

Global Textile Chemicals Market Segmentation

Market Insight, by Fiber Type

• Natural Fiber

• Synthetic Fiber

Market Insight, by Product Type

• Coating & Sizing Agents

• Colorants & Auxiliaries

• Finishing Agents

• Surfactants

• Desizing Agents

• Bleaching Agents

• Others

Market Insight, by Application

• Apparel

o Sportswear

o Intimates

o Outerwear

• Home Textiles

o Bed Linens

o Carpet

o Curtains

o Others

• Technical Textiles

• Others

Market Insight, by Region

·        North America

·        Europe

·        Asia Pacific

·        Rest of World

Top Company Profiles

·        Huntsman International LLC

·        Dow Chemical Company

·        DyStar Textilfarben GmbH

·        Bayer AG

·        Pulcra Chemicals GmbH

·        Archroma Management GmbH

·        Omnova Solutions Inc.

·        The Lubrizol Corporation

·        Covestro AG

·        BASF SE