Textile Chemicals Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The market for textile chemicals was valued at $ 26.64 billion in 2022 and is projected to reach $ 36.26 billion by 2030, at a CAGR of 4.5% from 2024 to 2030. The steady growth of the market is attributed to the expansion of the textile and clothing industry and the rising demand for sustainable and high-tech products. The growing demand for eco-friendly and high-tech textiles has led to an increase in the use of advanced chemicals to enhance the properties of fabrics and reduce the impact on the environment. The use of textile chemicals is expected to increase further with the development of new chemical technology, which can enhance the functionality and life of textiles. The major companies in the textile chemicals industry, such as BASF, Huntsman, and Archroma, are actively pursuing strategic initiatives, such as acquisitions and mergers, to increase their market share and meet the needs of consumers. The recent investment by BASF in sustainable textile solutions reflects the industry's increasing focus on sustainable development and will help to drive market growth.

Regional Market Size

Regional Deep Dive

The textile chemicals market is experiencing dynamic growth in various regions, driven by increasing demand for sustainable and specialized textile solutions. In North America, the market is characterized by a strong focus on eco-friendly products and advanced technology, while in Europe the market is characterized by stricter regulations and the implementation of sustainable initiatives. In Asia-Pacific, the textile industry is experiencing a surge in growth, resulting from rapid industrialization and urbanization. The Middle East and Africa are gradually adopting modern textile chemicals solutions, influenced by economic diversification efforts. Latin America is also a growing market, characterized by a focus on local manufacturing and sustainable practices.

Europe

• The European Union's REACH regulation continues to shape the textile chemicals market by enforcing strict safety and environmental standards, compelling companies to reformulate their products.
• Innovations in digital textile printing technologies are gaining traction, with companies like Kornit Digital leading the way in sustainable printing solutions that reduce water and chemical usage.

Asia Pacific

• China's textile industry is rapidly adopting advanced textile chemicals to enhance production efficiency and product quality, with companies like Zhejiang Longsheng Group investing heavily in R&D.
• India is witnessing a rise in demand for eco-friendly textile chemicals, driven by government initiatives promoting sustainable practices in the textile sector.

Latin America

• Brazil is focusing on local production of textile chemicals to reduce dependency on imports, which is fostering growth in the domestic market.
• Sustainability initiatives are gaining momentum, with companies like Rhodia and Solvay developing eco-friendly textile chemicals tailored for the Latin American market.

North America

• The U.S. Environmental Protection Agency (EPA) has introduced new regulations aimed at reducing the environmental impact of textile chemicals, pushing manufacturers to innovate towards greener alternatives.
• Major companies like Huntsman Corporation and BASF are investing in R&D to develop bio-based textile chemicals, reflecting a shift towards sustainability in the region.

Middle East And Africa

• The UAE is investing in textile manufacturing as part of its economic diversification strategy, leading to increased demand for modern textile chemicals.
• Local companies are beginning to collaborate with international firms to enhance their product offerings, focusing on sustainable and innovative textile chemical solutions.

Did You Know?

“Approximately 20% of global water pollution comes from textile dyeing and treatment processes, highlighting the urgent need for sustainable textile chemicals.” — UN Environment Programme

Segmental Market Size

The market for textile chemicals is experiencing steady growth, driven by increasing demand for high-performance textiles and sustainable production methods. The market is also being driven by a growing consumer preference for eco-friendly products and by stricter regulations aimed at reducing the use of hazardous chemicals in the textile industry. Meanwhile, technological advances such as the development of bio-based and functional chemicals are expanding the product portfolio and driving innovation in the industry. The use of textile chemicals has now reached a mature stage, with BASF and Huntsman leading the way in sustainable solutions. These chemicals are mainly used in dyeing, finishing and coating processes, where they are used to improve the performance and longevity of fabrics. The development of circular economy concepts and the drive for greater sustainability are also contributing to the growth of this market. Nanotechnology and digital printing are also shaping the evolution of textile chemicals, enabling more efficient and more eco-friendly production methods.

Future Outlook

The market for textile chemicals will grow from $27.68 billion in 2022 to $37.72 billion in 2030, at a compound annual growth rate of 4.6%. The main reason for this is the increasing demand for new textile products. This is mainly driven by the demand for high-performance fabrics and sustainable materials. The market for textile chemicals will also grow as a result of the growing population and the increasing urbanization of the world's population. The demand for advanced textiles in various applications such as clothing, home textiles and industrial fabrics is expected to increase further. Also, the major technological developments and the main policy drivers will have a major influence on the future development of the textile chemicals market. Also, the increased use of eco-friendly and bio-based chemicals, as a result of increasingly stricter environmental regulations and the growing demand for sustainable products, will change the market. Nano- and smart textiles will further increase the functionality of the products, which will lead to an increased penetration of specialty chemicals in the market. The increasing research and development in the textile industry, aimed at finding more efficient and sustainable textile processing methods, will lead to a shift towards greener alternatives. This is in line with the global sustainable development goals and will strengthen the competitive position of companies.