The global Textile Chemicals market size is expected to surpass around US$ 35.4 billion by 2027 and the market is expected to garner growth at a CAGR of 4.3% over the forecast period 2021 to 2027.
The Textile Chemicals market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.
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Growth Factors
The major factors driving the growth of the market include the growing demand for apparel and industrial fabrics globally. Apparel is one of the oldest and largest export industries across the globe. Apparel is often the typical starter industry for countries engaged in export-oriented markets, due to its low fixed costs and emphasis on labor-intensive manufacturing. Rapid growth in the apparel industry drives the textile chemicals market prominently. To explore more market opportunities market players are collaborating with the stakeholders in apparel industry value chain. Furthermore, a paradigm shift in the sustainable and responsible manufacturing has upended the market trend for types of textile chemicals. Presently, green and eco-friendly textile chemicals are the most preferred chemicals in the market. Furthermore, public awareness has also triggered the use of non-toxic and green dyes and colorants to remain safe from skin allergies and other diseases.
However, governments from various regions have imposed stringent regulation for the application of harmful chemicals such as chlorine bleach, VOCs, and formaldehyde in the manufacturing process of textile chemicals. This is largely attributed to the health problems to the industry workers that are exposed to these chemicals as some of them are highly toxic in nature. Hence, manufacturers have to develop sustainable solution for the textile manufacturing along with increased attention towards cost-effective feature.
Market Report Scope
| Report Highlights | Details |
| Market Size | USD 35.4 Billion by 2027 |
| Growth Rate | CAGR of 4.3% from 2021 to 2027 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2021 to 2027 |
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Market Overview
A recent study by Precedence Research on the Textile Chemicals market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Textile Chemicals market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Textile Chemicals. The study also provides the dynamics that are responsible for influencing the future status of the Textile Chemicals market over the forecast period.
A detailed assessment of the Textile Chemicals market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Textile Chemicals market along with their product portfolio enhances the reliability of this comprehensive research study.
Report Highlights
- The Asia Pacific led the global textile chemicals market with significant revenue share in 2010 owing large population and exponential growth in apparel industry. Furthermore, increasing sales of passenger and commercial vehicles in the region again contributes significantly towards the positive growth of industrial textiles in the region.
- Europe and North America are the most opportunistic regions in the global textile chemicals market. The key factors responsible for their exponential growth are prominent growth of automotive industry coupled with technological advancement in the apparel and industrial fabrics. The regions are the major importers for the textile chemicals from China.
- By product, coating & sizing chemicals segment acquired the maximum revenue share in the global textile chemicals market in 2020. Coating & sizing offers strength and abrasion resistance during yarn weaving. However, dyes & dyestuffs anticipated to grow with the highest CAGR due to rising preference for non-toxic colorants and dyes.
- In 2020, apparel segment dominated the global textile chemicals market and expected to continue its dominance during the forecast period. Increasing investments by the apparel manufacturers to attract maximum unique selling points for its products. Besides this, technical textile offer lucrative growth opportunity during the forecast period. The prime factor behind this is introduction of smart textiles for dynamic functionalities.
Regional Snapshots
In 2020, the Asia Pacific dominated the global textile chemicals market with magnificent revenue share. Low production and labor cost supported by new technologies has resulted in the rapid growth of the region. China is the largest producer and consumer of textile chemicals across the world. It exports most of its products to North America and Europe. Besides this, India, Bangladesh, Vietnam, and Indonesia are some of the other major textile producing nations in Asia region. For instance, apparel and clothing export business in Bangladesh raised three folds between 2008 and 2018. Further, the textile industry contributes approximately 13% to the country’s GDP. According to Bangladesh Textile Mills Association (BTMA), total number of spinning mills in Bangladesh rose from 260 to 430 between 2006 and 2018.
However, Europe and North America project lucrative growth during the forecast period. Rising demand for technical textiles in the regions is the key factor that drives the market growth. The regions being technically advanced adapt new technologies easily and primarily than other regions. Therefore, disruption in automotive industry along with other industries such as fashion, manufacturing, and others prominently drives the demand for textile chemicals in the region.
OBJECTIVES OF THE STUDY
- To analyze and forecast the electric motor market, in terms of value and volume
- To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
- To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
- To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
- To strategically profile key players and comprehensively analyze their core competencies
- To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market
Research Methodology
- Market estimate for 2020
- Average selling price (ASP) per region for specific product type
- Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
- Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
- National government documents, statistical databases
- News articles, press releases, and webcasts specific to companies operating in the market
- Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
- Determination of market penetration by country
Major Players Covered in this Report
The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Major key players operating in the market are
- Archroma
- Lonsen Inc.
- Evonik Industries AG
- Huntsman
- Solvay
- CHT Group
Segments Covered in the Report
By Product Outlook
- Dyes & Dyestuff
- Basic Dyes
- Acid Dyes
- Direct Dyes
- Reactive Dyes
- Disperse Dyes
- Vat Dyes
- Sulfur Dyes
- Others (Azo Dyes and Mordant Dyes)
- Coating & Sizing Chemicals
- Defoamers
- Wetting Agents
- Others (Adhesives, Softening Agents, and Antimicrobial Agents)
- Surfactants
- Finishing Agents
- De-sizing Agents
- Yarn Lubricants
- Bleaching Agents
- Others (Leveling Agents, Scouring Agents, and Fixing Agents)
By Application Outlook
- Technical Textiles
- Geotech
- Meditech
- Agrotech
- Others (Clothtech, Including Buildtech, and Hometech)
- Home Furnishing Textiles
- Furniture
- Carpets & Rugs
- Others
- Industrial Textiles
- Apparel
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Why should you invest in this report?
If you are aiming to enter the global Textile Chemicals market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Textile Chemicals are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Textile Chemicals Market, By Product
7.1. Textile Chemicals Market, by Product Type, 2020-2027
7.1.1. Dyes & Dyestuff (Basic Dyes, Acid Dyes, Direct Dyes, Others)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Coating & Sizing Chemicals (Defoamers, Wetting Agents, Others)
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Surfactants
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Finishing Agents
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. De-sizing Agents
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Yarn Lubricants
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Bleaching Agents
7.1.7.1. Market Revenue and Forecast (2016-2027)
7.1.8. Others
7.1.8.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Textile Chemicals Market, By Application
8.1. Textile Chemicals Market, by Application, 2020-2027
8.1.1. Technical Textiles (Geotech, Meditech, Agrotech, Others)
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Home Furnishing Textiles (Furniture, Carpets & Rugs, Others)
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Industrial Textiles
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Apparel
8.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Textile Chemicals Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
Chapter 10. Company Profiles
10.1. Archroma
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Lonsen Inc.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Evonik Industries AG
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Huntsman
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Solvay
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. CHT Group
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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