Textile Chemicals Market: Snapshot
In the textile manufacturing processes, textile chemicals play an important role at each processing stage, starting from pre-treatment to finishing of textiles. Textile chemicals improve and optimize the textile manufacturing processes for final specific function, texture, and appearance.
Rising Demand for Home Furnishings and High Number of Home Textile Manufacturers in Asia Pacific
Textile chemicals are significantly used in home furnishings in the building & construction industry. Rise in expenditure on home furnishings is anticipated to propel the textile chemicals market during the forecast period. Demand for home furnishings is rising in Asia Pacific owing to a rapidly increasing middle class and a booming housing market. Moreover, fashion sensitivity toward household furnishing has improved in countries in the region. Home fashion has emerged as a separate segment in the consumer goods sector since consumer awareness about high quality living has increased. Therefore, in order to cater to a rise in demand, the number of retailers selling home textiles is also increasing. Major players such as IKEA and H&M are also focusing on the expansion of their businesses in Asia Pacific. Thus, these trends are expected to boost demand for home textiles, which, in turn, is anticipated to drive the textile chemicals market during the next few years.
Rising Demand for Technical Textiles
Furthermore, demand for technical textiles is also rising. Technical textiles are high-performance textiles used due to their superior properties and functionality as compared to conventional textiles. They can be utilized in several end-user industries such as automotive, environmental protection, sports equipment and sportswear, construction, packaging, health care, agriculture, and clothing. Rise in demand for technical textiles can be ascribed to favorable government policies and initiatives boosting infrastructure spending, chemical manufacturing, etc. Hence, rise in demand for technical textile is expected to boost the textile chemicals market as these chemicals impart high strength and versatility to technical textiles, making them ideal for application in their respective end-user industries.
Stringent Environmental Regulations Likely to Hamper Textile Chemicals Market
Textile chemicals contain several substances that may pose risks to the environment and human health. Both people and the environment are exposed to these chemicals in and around cotton plantations and textile factories. The European Union implemented the Integrated Pollution Prevention and Control (IPPC) directive from January 2008, along with Emissions Trading System (ETS) and regulation on registration, evaluation, authorization, and restriction of chemicals. This has significantly reduced the demand for textile chemicals in Europe. Various countries such as the Netherlands and Germany have banned some textile chemicals that pose a threat to the environment and human health. Thus, rise in environmental concerns and implementation of stringent environmental regulations, especially in the European Union, are anticipated to hamper the textile chemicals market in the near future.
Moderately Consolidated Textile Chemicals Industry Expanding through Frequent Acquisitions & Mergers
Key players are focusing on mergers and acquisitions of regional and global players in order to gain a substantial share of the global and regional textile chemicals market. In 2015, Archroma acquired BASF’s global textile chemical business. The acquisition is expected to strengthen Archroma’s position as the leading supplier of chemicals and dyes across the globe. Recently in 2017, Archroma acquired 75% share of Germany-based M. Dohmen GmbH, which is engaged in the production of textile dyes and chemicals for the automotive, carpet, and apparel industries.
Finishing Agents Expected to be the Rapidly Expanding Segment
The finishing agents segment is estimated to expand at a fast pace during the forecast period due to favorable performance characteristics of finishing agents. They can provide a specific function or particular appearance such as greenhouse fabrics that reflect the sun, flameproof furniture fabrics, durable airbags for vehicles, waterproof fabrics, and many others.
Asia Pacific Dominated the Market in 2017
Asia Pacific constituted a key share of the global textile chemicals market in terms of consumption as the region is a major textile manufacturer globally. China and India accounted for more than 70% share of the textile chemicals market in Asia Pacific. Vietnam, Bangladesh, and Indonesia are also leading countries of the markets for textile chemicals as these countries were prominent exporters of the product in 2016 and 2017.
Top Three Players Account for Nearly 30% Share of the Global Textile Chemicals Market
In the global textile chemicals market, the top three players accounted for nearly 30% share of the market in 2017. Key players in the textile chemicals market include Covestro AG, Lonsen Inc., Archroma, Huntsman Corporation, DyStar Singapore Pte Ltd, Tata Chemicals Ltd., Fibro Chem LLC, OMNOVA Solutions Ins., and Solvay S.A. Archroma held major share of the textile chemicals market in 2017. Lonsen Inc. and Huntsman Corporation also accounted for key share in 2017.
Textile Chemicals Market: Overview
Textile chemicals are highly specialized chemicals incorporated in the long chemical and non-chemical processing of textiles. They are employed to impart specific properties such as water resistance, fire resistance, warp size, and others. They are utilized in processes such as scouring, bleaching, softening, dyeing, printing, finishing, and others.
Shifting of textile manufacturing facilities to developing regions and a large consumer base for textiles are driving the textile chemicals market. Home furnishing textiles is expected to be a key application of the textile chemicals market. Demand for textile chemicals for furniture is expected to be high throughout the forecast period. The apparel segment is anticipated to expand at a rapid pace in the near future, owing to the rise in per capita spending on apparel, particularly in the developing regions. However, stringent environmental regulations are projected to hamper the textile chemicals market in the next few years.
Asia Pacific dominated the global textile chemicals market in 2017, and the market in the region is expected to expand significantly during the forecast period. Asia Pacific was followed by Europe in terms of revenue and volume of the textile chemicals market in 2017. However, the market in Europe is anticipated to expand at a sluggish pace during the forecast period. Demand for textile chemicals in North America and Middle East & Africa is expected to rise at a moderate pace in the near future.
This report analyzes and forecasts the textile chemicals market at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global textile chemicals market. It also covers the estimated impact of these drivers and restraints on the demand for textile chemicals during the forecast period. The report also highlights business opportunities for the textile chemicals market at the global and regional level.
The report includes detailed value chain analysis, providing a comprehensive view of the global textile chemicals market. Porter’s Five Forces model for the textile chemicals market has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global textile chemicals market by segmenting it in terms of product (coating & sizing chemicals, colorants & auxiliaries, finishing agents, surfactants, desizing agents, bleaching agents, yarn lubricants, and others) and application (home furnishing textiles, technical textiles, apparel, and industrial textile). These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for textile chemicals in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa.
The report provides the actual size of the textile chemicals market in 2017 and the estimated size of the market for 2018, along with forecast for the next eight years. The global market size has been provided in terms of volume and revenue. Volume has been defined in kilo tons, while revenue in US$ million. Market numbers have been estimated based on key products of textile chemicals. Market size and forecast for applications have been provided at global, regional, and country levels.
The report comprises profiles of major companies operating in the global textile chemicals market. Key players include Archroma, Lonsen Inc., Covestro AG, Huntsman Corporation, The Dow Chemical Company, and Solvay S.A. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global textile chemicals market has been segmented as follows:
- Coating & Sizing Chemicals
- Wetting Agents
- Other Coating & Sizing Chemicals
- Colorants & Auxiliaries
- Finishing Agents
- Desizing Agents
- Bleaching Agents
- Yarn Lubricants
- Home Furnishing Textiles
- Carpets & Rugs
- Other Home Furnishing Textiles
- Technical Textiles
- Other Technical Textiles
- Industrial Textiles
Textile Chemicals Market: Regional Analysis (Volume Kilo tons, Revenue US$ Mn, 2017-2026)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
- The report provides regional and country level analysis in terms of volume (Kilo Tons) and revenue (US$ Mn) from 2018 to 2026 (8 year forecast), by product type and applications
- The report provides a comprehensive analysis of the textile chemicals market with respect to the regional production output and price trends of the product that subsequently impact the market outlook and forecast of global textile chemicals market between 2017 and 2026
- The report analyzes various market drivers, restraints, current & future market trends and emerging applications
- It includes value chain analysis, Porter’s Five analysis, and SWOT analysis in order to understand and analyze the textile chemicals market
- The report also includes list of potential key customers of textile chemicals
- It provides detailed competition landscape which covers key company profiles, market share analysis, product mapping of key manufacturers, and competition matrix