Textile chemicals market to grow by USD 5,153.79 million from 2022 to 2027
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01 Aug, 2023, 22:00 ET
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NEW YORK, Aug. 1, 2023 /PRNewswire/ -- The textile chemicals market size is set to grow by USD 5,153.79 million between 2022 and 2027 and register a CAGR of 4.35%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. The report is segmented by Application, Product, and Geography. The apparel segment will be significant during the forecast period. This segment includes affordable clothing, professional attire, sportswear, and statement luxury items. As a result of the availability of high-end brands and limited-edition goods, they have improved with consumers' exposure to the Internet and e-commerce. Furthermore, owing to rising consumer demand, the apparel industry's evolutionary pressure helps the market of textile chemicals. Hence, such factors boost the growth of the apparel segment of the textile chemicals market during the forecast period. Read our Sample Report
The report also covers the following areas:
Textile Chemicals Market 2023-2027: Segmentation
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Textile Chemicals Market 2023-2027: Vendor Analysis and Scope
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Some of the major vendors of the textile chemicals market include 3M Co., Archroma Management GmbH, Associated British Foods Plc, BASF SE, Biotex Malaysia, Christeyns NV, Dow Chemical Co., Evonik Industries AG, Fibro Chem LLC, Huntsman International LLC, Kemira Oyj, Kiri Industries Ltd., Lanxess AG, Omya International AG, Organic Dyes and Pigments, Resil Chemicals Pvt. Ltd., Solvay SA, SURTECO GmbH, Syntha Group, and The Lubrizol Corp. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market.
Textile Chemicals Market 2023-2027: Market Dynamics
Increasing use of technical textiles in the industrial manufacturing sector drives the growth of the market. Some of the major end-users for textile chemicals include construction, transportation, agriculture, medicine, hygiene, and sports. For abrasive surfaces, conveyor belts, machine clothes, and filters technical textiles in industrial manufacturing processes, textile chemicals are used.
Furthermore, textile chemicals are used in industrial items such as acoustic and thermal insulation for other home appliances, flexible seals and diaphragms, and electrical parts and cables. Hence, factors such as the growing technical textile industry are expected to increase the demand for textile chemicals used in the manufacturing of technical textiles will drive the growth of the global textile chemicals market during the forecast period.
The growing number of recent developments is an emerging textile chemicals market trend. The global market has several recent developments, which help vendors expand their product portfolios, increase their market presence, and acquire new technologies.
Furthermore, Emulsion Dowsil IE-8749 helps designers to receive a water-repellent treatment that supports the industry's greater sustainability and also helps to meet those needs. For Instance, in February 2022, a new vegan textile softener based on Siligen EH1. Hence, such trends fuel the growth of the global textile chemicals market during the forecast period.
Health and safety issues associated with the use of textile chemicals challenge the growth of the textile chemicals market. The rise in volatile organic compounds (VOCs) and other airborne pollutants can be attributed to factors such as poor ventilation and inadequate control measures in textile manufacturing facilities.
Additionally, factors such as Inadequate storage, spills, or improper disposal practices result in the contamination of water sources, soil, and air. This leads to negative impacts on the local ecosystems. Hence, such challenges impede the market growth of the global textile chemicals market during the forecast period.
Textile Chemicals Market 2023-2027: Key Highlights
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The textile manufacturing market is estimated to grow at a CAGR of 4.8% between 2022 and 2027. The size of the market is forecast to increase by USD 351.51 billion. This report extensively covers market segmentation by type (natural fibers, polyesters, nylons, and others), application (fashion, technical, household, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The premiumization through well-positioned brands is notably driving market growth.
The Textile Industry Waste Management Market size is estimated to grow at a CAGR of 12% between 2022 and 2027 and the size of the market is forecast to increase by USD 2,072.14 million. This report extensively covers market segmentation by application (wastewater treatment equipment and water purifier), service type (landfill, open dumping, incineration, recycling, and composting and anaerobic digestion), and geography ( APAC, North America, Europe, Middle East, and Africa, and South America). One of the key factors driving the textile industry waste management market growth is the increasing awareness about sustainability and environmental protection.
Textile Chemicals Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 4.35%
Market growth 2023-2027
USD 5,153.79 million
YoY growth 2022-2023(%)
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 52%
US, China, India, Germany, and UK
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
3M Co., Archroma Management GmbH, Associated British Foods Plc, BASF SE, Biotex Malaysia, Christeyns NV, Dow Chemical Co., Evonik Industries AG, Fibro Chem LLC, Huntsman International LLC, Kemira Oyj, Kiri Industries Ltd., Lanxess AG, Omya International AG, Organic Dyes and Pigments, Resil Chemicals Pvt. Ltd., Solvay SA, SURTECO GmbH, Syntha Group, and The Lubrizol Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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