Textile Chemicals Market Industry Key Players, Trend and Forecast to 2025

The rising consumer demand for innovative and styled clothing products is expected to be a key factor steering the market growth in the coming years. The Global Textile Chemicals Market value is anticipated to exceed USD 30.70 billion by 2025, according to a new report by Grand View Research, Inc.

Due to increased disposable income and high purchasing power especially in the emerging economies such as China, India, Russia, and Brazil is anticipated to result in increased demand for textile chemicals in the next eight years. However, stringent regulatory laws implemented on the usage of fabric chemicals due to its hazardous impact on environment and human health is expected to remain a critical challenge for the manufacturers.

Home furnishing applications dominated the textile chemicals market with demand exceeding 3,600 kilo tons in 2015. Apparel segment accounted for over 25% of global revenue in 2015. Increasing usage of specialty chemicals in emerging application segments such as medical, industrial, and construction textiles is expected to further boost the market growth in the next eight years.

The Global Textile Chemicals demand was 9.78 million tons in 2015 and is estimated to grow at a CAGR of 3.4% over the forecast period to reach a total market size exceeding 13 million tons by 2025. Coating and sizing chemicals was the largest consumed product category with a total worth of USD 6,353.5 million in 2015 while accounting for just over 30% of the global demand in 2015

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Asia Pacific textile chemicals industry is expected to witnessed the fastest growth and is expected to grow at a CAGR of 4.2% from 2016 to 2025. Expansion of key textile manufacturing players in the region, coupled with increasing domestic consumption of novel textile products is expected to support the region to maintain its dominance over the forecast period.

Top Players of Textile Chemicals Market:

Major companies identified in this industry include BASF, Dow Chemical Company, Bayer AG, Huntsman International LLC and Sumitomo Chemicals Co. Ltd.

Market Segmentation of Textile Chemicals Market:

The Textile Chemicals Market segmented on the basis of Product, Application and Region.

By Product:

    Coating & Sizing Chemicals
        Dispersants/levelant
        Fixative
        UV absorber
    Finishing Agents
        Water-repellent
        Flame retardants
        Lubricants
    Surfactants
        Wetting Agents
        Detergents
        Emulsifying Agents
        Dispersing Agents
    Desizing Agents
    Bleaching Agents
    Scouring Agents
    Yarn Lubricants

By Application:

    Apparel
    Automotive fabric
    Home furnishing
    Technical textiles

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

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