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The global textile chemicals market size was valued at 20.85 billion in 2019 and is projected to reach USD 26.40 billion by 2027, exhibiting a CAGR of 3.2% during the forecast period.
Textile chemicals are used to treat textile material at different manufacturing steps, from fiber pre-treatment to textile finishing. Various stages in textile chemical manufacturing include washing, scouring, mercerizing, dyeing, printing, and finishing. As these chemicals play a crucial role in achieving pre-defined textile properties, textile chemicals became paramount for textile and apparel industries around the world. Over the years, the scope of textile applications has broadened across various industries, which has further increased the popularity of these chemicals.
The outbreak of covid-19 has had a significant impact on the growth of the market. The year-on-year growth rate is estimated to decline for this year as compared to historic years due to a decrease in textile production. Therefore, the textile chemicals market is expected to drive to grow at a lower CAGR during this year.
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Adoption of Sustainable products in Textile Manufacturing
Owing to strict environmental regulations and commitment to sustainable goals, most textile & chemical manufacturers are shifting their preference toward green chemicals. For instance, in 2019, biological dyeing firm Colorifix, in association with textile manufacturers such as Switzerland's Forster Rohner and India's Arvind, launched new industrial-scale trials for biological dyes. In 2018, Croda international launched new 100% bio-based surfactants. In developed countries, environmental regulations are strictly followed. Also, developing countries are setting their goals for a sustainable future. Therefore, the green textile chemical segment has potential growth opportunities in both developed & developing economies during the forecast period.
Rising Awareness Regarding the Benefits of Textile Chemistry in Manufacturing to Aid Growth
Textile chemistry is a highly specialized field as it applies principles of chemistry at different levels of textile and apparel manufacturing. Textile chemistry mainly includes segments such as dyeing & finishing, fiber & polymer, and more important conjunction of material science with textile material. With increasing consumer demand for enhanced quality and functionality, textile chemistry has become a pivotal element in the textile and apparel industry.
Textile chemical plays an important role in the manufacturing process right from fiber pre-treatment to textile finishing. Different textile chemicals serve unique or multiple functions in defining the efficiency of textile manufacturing as well as the quality of finished products. Moreover, these chemicals are capable to widen the scope of textile products in variety of applications. For instance, continuous research and development in the field of technical textile has extended their scope in agriculture, construction, industrial, medical, environmental, electrical, and electronic industries. Therefore, the rising importance of textile chemistry is boosting demand for the product in textile manufacturing.
Environmental & human health Effects is a Key Challenge for Market Growth
During the dyeing process, the dye materials which do not bond to textile material are lost to the wastewater stream. Approximately 10-15% of dyes are released into waste water which further results in an unpleasant and high-colored appearance. Synthetic dyes can pollute land, air, and water bodies. The wastewater discharged through textile industries is considered as the most polluting of all industrial sectors. Wastewater containing dyes absorbs the light and affects the photosynthesis phenomenon of aquatic species. This in turn disturbs the ecosystem of water resources. Moreover, during prolonged contact with the human skin, these harmful chemicals are absorbed into the skin and can cause skin allergies and even serious diseases. Moreover, if proper precaution is not taken during textile processing, these harmful chemicals can lead to respiratory and skin-related diseases. Therefore, strict regulations have been imposed on these chemicals and specialty chemicals. This factor presents a key challenge to the growth of the market.
Colorant & Auxiliaries Segment Dominated the Global Market in 2019
Based on product type, the market is categorized into coating & sizing chemicals, colorant & auxiliaries, finishing agents, surfactants, de-sizing chemicals, and others. Colorant & auxiliaries were the largest consumed product type and this segment accounted for the largest share in terms of value. Dyeing auxiliaries are primarily used for washing & dyeing yarns & fabrics. These chemicals are used to prepare & modify substrate for coloration and stabilize the application medium to increase the fastness properties of dyeing. Important auxiliaries include dispersing agents, carriers, sequestering agents, peroxide killer, anti-foaming, and anti-pilling agents among others. Textile colorants can be dyes & pigments. Textile colorants are applied to color the textile as per desired aesthetic appeal. The selection of appropriate textile colorant is an important step because every type of fiber is not suitable for every type of dye. Different types of dyes are used as per the fiber type. The main types of dyes are acid dyes, basic dyes, mordant dyes, azoic dyes, sulfur dyes, and vat dyes.
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Apparel Segment to Account for the Major Share during the Forecast Period
Based on application, the market is categorized into apparel, home furnishing, and technical textile. Among these, the apparel segment accounted for the largest revenue share in the market in 2019. The apparel segment includes products such as shirts, t-shirts, suits, jackets, trousers, skirts, shorts, kids wear, and swimwear among others. Increasing the production of apparel to meet rising demand from the growing population is the key driver for the growth of the segment. The Apparel industry is a dynamic industry and is driven by changing consumer trends. In order to sustain in a highly competitive environment, apparel manufacturers are more focused to maintain the quality of their products and adopt the latest manufacturing techniques & raw materials. Therefore, textile chemicals are extensively adopted in apparel manufacturing. Moreover, increasing disposable income in emerging economies has created a significant demand for apparel and high-end apparel. Hence, favorable growth of the apparel industry is projected to increase demand for textile chemicals.
The technical textile segment is expected to be the fastest-growing application segment in the market during the forecast period. The main application areas of technical textile include construction & civil engineering, agriculture & horticulture, footwear & clothing, cleaning & conveying industrial equipment, household furniture & coverings, automotive industry, packaging industry, environmental protection, sport, personal protective equipment, and leisure. These textiles are popular due to their multi-dimensional properties. As compared to other textiles, these textiles are light weight, durable, high strength, and versatile.
North America Textile Chemicals Market Size, 2019 (USD Billion)
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Based on region, the global textile chemicals market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia Pacific is the global hub for textile production and export. The presence of leading textile manufacturers in countries such as China, India, Bangladesh, Indonesia, and Vietnam among others is driving growth of the market in this region. China accounted for largest market share both in terms of value and volume. China holds around 50% of the global textile and apparel production.
China is the leading producer & exporter of textiles and apparel, followed by India. China controls over 35% of the global textile and apparel trade. Moreover, bulk availability of raw materials, low-cost labor, and low production cost are some of the driving factors for the growth of the market in China. India is projected to register the fastest textile chemicals market growth during the forecast period.
Rapid industrialization, along with increasing investment by the Indian government to support the textile business has created several growth opportunities for the textile chemicals market in India. Huge investments are made under the Scheme for Integrated Textile Parks (SITP) and Technology Upgradation Fund Scheme (TUFS). According to the India Brand Equity Foundation, over US$ 4 billion was invested in the textile sector from June 2017 to May 2018. Moreover, under the Union budget 2019-20, the government allocated around US$ 97 million for the Amended Technology Upgradation Fund Scheme (ATUFS).
The textile and clothing industry is a diverse sector in Europe and holds a significant share in the overall manufacturing sector. The industry includes approximately 171,000 manufacturing units of which small & medium enterprises holds 99% share. Top textile and clothing producers are Italy, Germany, Portugal, Spain, France, the UK, Belgium, Poland, Romania, and Austria. Italy is the biggest textile & clothing producer in Europe. It holds around 42% share in the EU textile & clothing production. Germany accounts for 25% share of total technical textiles produced in the EU. Local German textile production is more focused on technical textiles, home textiles, and clothing. UK and France lead the textile consumption in terms of value. Home furnishing textile makes more than 21% share of the overall production of textile in Poland. Belgium is considered a leading manufacturer of carpets in the EU.
In North America, the United States was the largest market in 2019 and the country is projected to retain its dominance during the forecast period. The U.S. is the second-largest individual exporter of textile-related products to the world. In 2019, the combined sale of fiber, textiles, and apparel was valued at US$ 29.1 billion. The country supplied its textile products to more than 200 countries & territories in 2019. The U.S. is a world leader in textile research and development activities. The country is always engaged in developing new next-generation textile materials for defense, apparel, electronics, and other industries. In the defense sector, the U.S. textile industry plays an important role and supplies 8,000 different textile products to the U.S. military. Moreover, increasing investment in the textile sector is fueling the growth of the market in the U.S. According to the U.S. Census Bureau, Annual Capital Expenditure Survey, in the overall textile industry, the total capital investment resulted in around US$ 18.7 billion between 2009 and 2018.
An Infographic Representation of Textile Chemicals Market
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The textile chemicals market research report provides both qualitative & quantitative insights across the world. Quantitative insights include sizing in terms of value (US$ Billion) & volume (Kilo Tons) across each segment, sub-segment, and region profiled in the scope of the study.
Also, it provides market share analysis and growth rates of the segment, sub-segment, and key counties across each region. Qualitative insight covers the elaborative analysis of market drivers, restraints, growth opportunities, and key trends related to the market. The competitive landscape section covers detailed company profiling of the key players operating in the industry.
Value (USD Billion) Volume (Kilo Tons)
By Product Type
Fortune Business Insights says that the global market size was valued at USD 20.85 billion in 2019 and is projected to reach USD 26.40 billion by 2027.
Growing at a CAGR of 3.2%, the market will exhibit significant growth in the forecast period (2020-2027).
Apparel segment is expected to be the leading application segment in this market during the forecast period.
Increasing importance of textile chemistry and increasing investment in textile industry globally are the key factors driving this market.
Asia Pacific held the highest market share in 2019.
Key players operating in the market are Archroma, Huntsman Corporation, DIC Corporation, Kiri Industries Ltd., Covestro AG, Omnova Solutions Inc., Lubrizol Corporation, Solvay S.A., Evonik Industries, Tanatext Chemicals, Rudolf GmbH, NICCA Chemical Co. Ltd., Kemin Industries Inc., JINTEX Ltd., Sarex Chemicals among others.
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