Textile Chemicals Market Summary
As per Market Research Future Analysis, the Global Textile Chemicals Market was valued at USD 25.5 billion in 2021 and is projected to grow from USD 26.64 billion in 2022 to USD 36.26 billion by 2030, with a CAGR of 4.50% during the forecast period (2024 - 2030). Key drivers include rising demand for technical textiles, sports and activewear, and enhanced home furnishing aesthetics. The market is significantly influenced by innovations in textile chemistry, particularly in dyeing, finishing, and the integration of material science. The Asia-Pacific region dominated the market in 2021, driven by urbanization and robust apparel production, while North America is expected to grow the fastest due to demand in construction and healthcare sectors.
Key Market Trends & Highlights
The textile chemicals market is witnessing several key trends that are shaping its growth trajectory.
- Technical textiles are driving demand for textile chemicals, with applications in automotive, medical, and industrial sectors.
- Natural textile chemicals held the majority market share in 2021, attributed to product innovations and emerging markets.
- The Finishing Agent segment dominated the market in 2021, reflecting the growing need for textile finishing.
- Apparel applications accounted for 44.71% of the market share in 2021, fueled by millennial and Gen Z consumer trends.
Market Size & Forecast
2021 Market Size | USD 25.5 Billion |
2022 Market Size | USD 26.64 Billion |
2030 Market Size | USD 36.26 Billion |
CAGR (2024-2030) | 4.50% |
Major Players
Key players include Archroma, Huntsman International LLC, DowDuPont, Wacker Chemie AG, Evonik Industries, TANATEX Chemicals B.V., Rudolf GmbH, and GIOVANNI BOZZETTO S.p.A.