According to a recent report by Grand View Research, Inc., the global textile chemicals market is projected to reach USD 36.14 billion by 2030, expanding at a CAGR of 4.5% from 2024 to 2030. This growth is largely attributed to the rising demand for textile products across key applications such as apparel, home furnishing, technical textiles, and more.
The apparel industry's rapid expansion is expected to significantly boost demand for textile chemicals throughout the forecast period. In developing economies, increasing interest in modern and stylish home furnishing items is also contributing positively to market growth.
A variety of chemicals, known as process chemicals, are utilized in textile manufacturing to deliver specific performance characteristics. These include biopolishing and desizing enzymes, flame retardants, antiviral and antimicrobial agents, lubricants and anti-crease agents, water and oil repellents, printing auxiliaries, and softening agents.
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Emerging application areas are being explored for textile chemicals based on existing operations and technologies. These developments aim to enhance efficiency, reduce costs and environmental impact, and ensure optimal formulation performance. Major end-use segments include apparel, home furnishings, and technical textiles, with notable market participants such as STYLUS APPAREL, HYAK DESIGN GROUP, Suuchi Inc., TechniTextile Qu¨¦bec, and Stafford Textiles Limited.
The production of textile chemicals heavily relies on the availability and cost-efficiency of raw materials. Market players focus on strategies like the commercialization of innovative products (e.g., yarn lubricants, finishing agents, and coating & sizing agents) and investments in production capacity.
The competitive landscape is intense, with numerous manufacturers operating globally. Key players in the industry include Dow, Huntsman International LLC, The Lubrizol Corporation, Archroma, Evonik Industries AG, and Solvay S.A.
Textile Chemicals Market Report Highlights
Leading Companies in the Textile Chemicals Market
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