Global Textile Chemicals Market Outlook to 2026

Textile chemicals are specialty synthetic compounds used in the manufacturing of textile products, adjusting the quality and appearance of the product attaining desired results. According to BlueQuark Research & Consulting, the global Textile Chemicals market is expected to witness a significant growth rate during the forecast period. Factors such as the increasing demand for textile chemicals in the apparel industry are expected to drive the demand in the forecasted years. The increasing e-commerce and e-retail industries are driving apparel sales globally. Major investments in the Research and Development of the textile industry due to the growth in the demand for garments and industrial fabric in emerging countries like China, Turkey, and India are projected to surge the demand for textile chemicals. Furthermore, the increasing investments in the textile industry globally are rising demand for textile chemicals. However, the harmful extractions and left-over waste materials from the production of textile chemicals have led the government to take strict actions to preserve the environment, which has had a substandard impact on textile chemicals and is expected to restrain growth.

Textile Chemicals manufacture pre-treatment chemicals, dyes, textile printing chemicals, textile colorant, sizing agent, textile polymers that include fabric thickeners, stain removers, bleaching agents, and intermediate chemicals for synthetic textiles like nylon, polyester, and many more.

The Apparel industry is a prime consumer of textile chemicals globally and is expected to drive the future market. The increasing population has surged the demand for apparel globally. Despite a tough 2020, the global textile chemicals industry has finally found its footing in 2021, with sales restoring to the pre-pandemic times giving the industry a much-needed boost. The automotive textile industry is also driving the demand for textile chemicals globally. It is estimated that about 50 square yards of textile material are used on average in a car during its manufacture. It is used in the interior of a car for seating areas, headliners, side panels, carpets and trunk, lining, etc. Owing to the rapid urbanization in emerging countries like China and India, the sales of commercial vehicles such as trucks, tractors, and trailers are on the surge. Furthermore, the automotive industry is experiencing a boom in the electric vehicle market. The environmental awareness amongst citizens and the government offering subsidies on its purchase further propels the automotive industry. Thus, the increasing usage of textile chemicals in the apparel and automotive industry is expected to drive the global textile chemical market in the forecasted years.

Major market players in the industry were Archromo , BASF , Bayer AG , Rossari Biotech , Pulcra Chemicals , BEZEMA Group , Dow Chemical Company , Zschimme and Schwarz , among others.

The Asia Pacific region is expected to be the largest market for textile chemicals owing to the rapidly increasing demand in the technical textile industry. The textile industry is booming in the region, with China leading the production and exports. This growth is attributed to the increasing government support and increasing cash inflow as investments in the sector. The availability of cheap labor and low raw materials costs compared to the western countries in the Asia Pacific region is fueling the growth. The Indian textile industry is one of the oldest industries in the Indian economy. The Indian textile industry employs around 4.5 crores, with the Indian Textile industry contributing around 2% to the country's GDP. The Indian textile industry witnessed a surge in investments by attracting foreign direct investment worth USD 3.68 billion from April 2000 to December 2020. Bangladesh is also emerging as a growing textile industry hub in the region. According to the International Finance Corporation, Bangladesh's garment industry has increased from USD 19 billion to USD 34 billion, accounting for 80% of Bangladesh's total export earnings. Thus, developments like these in emerging countries such as India and China are expected to propel the growth of textile chemicals in the forecasted years.

In July 2021, Pulcra Chemicals reported its first acquisition of Devan for its bio textile business at a confidential amount.

Rossari Biotech Limited has reported its Board has acquired 100% obtaining of Unitop Chemicals Private Limited for Rs. 421 crores in June 2021.

Global Textile Chemical Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Textile Chemical market by segmenting based on the Type (Dying Chemicals, Finishing Agents, Surfactants, Bleaching Agents, Others), Application (Apparels, Home Textile, Automotive Textile, Others), and Geography (Asia-Pacific, North America, and Europe). The report calculates the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trend, market share, developments, opportunities, and challenges in the industry. This report covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.