Global Textile Chemicals Market to Reach US$ 37.1 Billion by 2032, Impelled by Rising Sales of Clothing

IMARC Group’s latest report, titled “Textile Chemicals Market Report by Fiber Type (Natural Fiber, Synthetic Fiber), Product Type (Coating and Sizing Chemicals, Finishing Agents, Colorants and Auxiliaries, Surfactants, Desizing Agents, and Others), Application (Home Furnishing, Apparels, Industrial Textile, Automotive Textile, and Others), and Region 2024-2032,” finds that the global textile chemicals market size reached US$ 25.8 Billion in 2023. Textile chemicals refer to specialty compounds used during various stages of dyeing and processing natural or artificial fabrics to impart desired properties to the final product. Biocides, flame retardants, bleaches or mixtures, emulsified oils and greases, starch, sulfonated oils, waxes, and surfactants are some commonly used textile chemicals. They are generally added in the pre-treatment of textiles, including de-sizing, scouring, bleaching, dyeing, mercerizing, printing, and finishing. They aid in improving the wearability, functionality, and appearance of textiles by providing the desired color, softness, texture, sweat absorbency, and finish. They also assist in imparting antimicrobial features, flame retardancy, crease, wrinkle, and stain resistance, and water-repellant properties to the fabrics. As a result, textile chemicals find extensive applications across the textiles and apparel industries. 

Global Textile Chemicals Market Trends:

The rising sales of clothing with numerous textures and designs due to the expanding global population, evolving fashion trends, and inflating consumer purchasing power represents the primary factor driving the market growth. Besides this, the growing demand for apparel, home furnishings, and other textile products owing to improving lifestyles, rapid urbanization, and increasing social media influence has accelerated product adoption rates. In addition, there is a surge in the use of textile chemicals for manufacturing automotive fabrics, such as headliners, seat belts, and seat fabric. Along with this, the escalating demand for technical textiles with enhanced mechanical resistance, anti-dust properties, elasticity, and ultraviolet (UV) and thermal resistance in non-aesthetic applications has catalyzed the market growth. Furthermore, the leading manufacturers are introducing green or bio-based textile chemicals obtained from renewable or readily available resources. These chemicals are biodegradable and non-flammable, with low toxicity and a low tendency to undergo bioaccumulation in the environment, unlike their traditional counterparts. This, coupled with the rising adoption of artificial intelligence (AI) and the Internet of Things (IoT) in production processes, has propelled market growth. Other factors, including the launch of smart textiles, significant expansion in the apparel sector, increasing consumer preferences for foreign textile brands, and ongoing research and development (R&D) activities, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 37.1 Billion by 2032, growing at a CAGR of 4% during 2024-2032. 

Market Summary:

• Based on the fiber type, the market has been bifurcated into natural and synthetic fibers. 
• On the basis of the product type, the market has been categorized into coating and sizing chemicals, finishing agents, colorants and auxiliaries, surfactants, de-sizing agents, and others. 
• The market has been segmented based on the application into home furnishing, apparels, industrial textile, automotive textile, and others. 
• Region-wise, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.  
• The competitive landscape of the market has also been analyzed, with some of the key players being Archroma, BASF SE, CHT Group, Dow Inc., Evonik Industries AG, Huntsman Corporation, Kiri Industries Limited, OMNOVA Solutions Inc. (Synthomer plc), Solvay S.A., Tanatex Chemicals BV (Zhejiang Transfar Co. Ltd.), The Lubrizol Corporation (Berkshire Hathaway Inc.), and Wacker Chemie AG.
   

Report Scope:

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