Textile Chemical Market Report: Trends, Forecast and Competitive Analysis to 2030

Textile Chemical Trends and Forecast

The future of the global textile chemical market looks promising with opportunities in the apparel, home textile, and technical textile applications. The global textile chemical market is expected to reach an estimated $32.9 billion by 2030 with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are growing demand for eco-friendly dyes, rising penetration of online retail shops, and augmenting preference for non-hazardous textile chemicals.

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Textile Chemical by Segment

The study includes a forecast for the global textile chemical by fiber type, product type, application, and region.

Textile Chemical Market by Fiber Type [Shipment Analysis by Value from 2018 to 2030]:

• Natural Fiber
• Synthetic Fiber

Textile Chemical Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Coating & Sizing Agents
• Colorants & Auxiliaries
• Finishing Agents
• Surfactants
• Desizing Agents
• Bleaching Agents
• Others

Textile Chemical Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Apparel
• Home Textile
• Technical Textile
• Others

Textile Chemical Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Textile Chemical Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies textile chemical companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the textile chemical companies profiled in this report include-

• Dow
• BASF SE
• Wacker Chemie
• Huntsman
• Solvay

Textile Chemical Market Insights

Lucintel forecasts that natural fiber is expected to witness the highest growth over the forecast period.

Within this market, apparel is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Textile Chemical Market

Market Size Estimates: Textile chemical market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Textile chemical market size by fiber type, product type, application, and region in terms of value ($B).

Regional Analysis: Textile chemical market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different fiber types, product types, applications, and regions for the textile chemical market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the textile chemical market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the textile chemical market size?

Answer: The global textile chemical market is expected to reach an estimated $32.9 billion by 2030.

Q2. What is the growth forecast for textile chemical market?

Answer: The global textile chemical market is expected to grow with a CAGR of 4.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the textile chemical market?

Answer: The major drivers for this market are growing demand for eco-friendly dyes, rising penetration of online retail shops, and augmenting preference for non-hazardous textile chemicals.

Q4. What are the major segments for textile chemical market?

Answer: The future of the textile chemical market looks promising with opportunities in the apparel, home textile, and technical textile applications.

Q5. Who are the key textile chemical market companies?

Answer: Some of the key textile chemical companies are as follows.

• Dow
• BASF SE
• Wacker Chemie
• Huntsman
• Solvay

Q6. Which textile chemical market segment will be the largest in future?

Answer: Lucintel forecasts that natural fiber is expected to witness the highest growth over the forecast period.

Q7. In textile chemical market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the textile chemical market by fiber type (natural fiber and synthetic fiber), product type (coating & sizing agents, colorants & auxiliaries, finishing agents, surfactants, desizing agents, bleaching agents, and others), application (apparel, home textile, technical textile, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?