TEXTILE CHEMICALS FOR TECHNICAL TEXTILES MARKET ANALYSIS

Textile chemicals are chemical products used in the manufacturing of textiles. These chemicals enhance manufacturing processes and help produce final products with desired properties. Technical textiles are high-performance textiles that have superior functionalities. They are widely used across a wide range of applications such as automotive, environmental protection, construction, electronics, and mining.

The global textile chemicals for technical textiles market is projected to surpass US$ 11.4 billion by the end of 2030, in terms of revenue, growing at CAGR of 4.7% during the forecast period (2023 to 2030).

Drivers

Expansion of the mobiltech textile industry

Expansion of the mobiltech textile industry is propelling the market growth of the textile chemicals for technical textiles. Mobiltech textile is widely used in the manufacturing of ships, automobiles, aircraft, railways, and spacecraft. They are used in the manufacturing of visible and concealed components. Visible components include headliners, carpets, airbags, and seat belts whereas concealed components include tire cords and liners. These textiles offer safety and enhance the performance of the vehicles.

Robust growth in the clothtech textiles market

Robust growth in the clothtech textiles market is augmenting the market growth of the Textile Chemicals For technical textiles. These textiles are used to produce shoes and garments. Interlinings in shirts, sewing threads, shoelaces, labels, and umbrella cloth are other examples of clothtech textiles. Moreover, this textile ensures optimum comfort and provide accurate fitting since they are stretchable, shrink resistant, and durable to regular wash. 

Figure 1. Global Textile Chemicals for Technical Textiles Market, Revenue Share (%), By Region, 2022

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Regionally, Asia Pacific dominated the global textile chemicals for technical textiles market in 2022, reporting 46% of the market share in terms of revenue, followed by North America and Europe, respectively.

Market Restraints

Growing demand for sustainably-produced chemicals

The growing demand for sustainably-produced chemicals due to rising awareness regarding the adverse effect of synthetic chemicals is acting as one of the major challenges for the market. This factor is hindering the market growth of the Textile Chemicals for technical textile over the forecast period.

Increasing incidence of health issues

Owing to the high exposure of workers to textile, there is an increasing incidence of health issues such as pulmonary edema and other respiratory problems. Also, the high manufacturing cost of the technical textiles is expected to hinder the market growth of the Textile Chemicals for technical textile over the forecast period.

Market Opportunities

Growing importance of geotextile across Europe

The growing importance of geotextile across Europe is expected to provide potential market growth opportunities in the near future. Geotextiles are used in the construction industry especially across the erosion control, drainage systems, and road construction applications. They are mainly used owing to their separation property which helps prevent the mixture of different substances under different stresses. It helps in retaining soil particles and the passage of water in the pavement, road, and field constriction.

Continuous product innovations in technical textiles

Continuous product innovations in technical textiles are projected to serve as major growth opportunities in the near future. For instance, in April 2020, Alchemie Technology launched Novara, a high-throughput digital precision coating technology for technical textiles. This coating is created with the aim to combat COVID-19 by applying Novara technology to manufacture safety-critical products including anti-viral facemasks.

Market Trends

The implementation of 3D weaving manufacturing technology for technical textiles is one of the current trends in the market. This technology helps in controlling and monitoring 3D shaped weft knitting and dimensionality in the knit structure. Moreover, this technology also provides alterations and enhancement in the user interface. This leads to the development of more efficient and high-performance knit design products. Thus, the adoption of 3D weaving manufacturing technology increases the production of technical textiles, which, in turn, is augmenting the market growth of Textile Chemicals.

The growing demand for composites from the aerospace industry is expected to fuel the market growth of the Textile Chemicals for technical textiles. These composites have excellent strength and physical properties. Due to these properties, these composite are majorly used to produce an interior component of the aerospace. The growing travel and tourism industry due to shifting trends toward leisure and travel trends is augmenting the demand for high-performance textiles from the aerospace industry.

Figure 2. Global Textile Chemicals for Technical Textiles Market, Revenue Share (%), By Product Type, in 2022

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On the basis of product type, coating & sizing chemicals dominated the global textile chemicals for technical textiles market in 2022 with around 32% of market share in terms of revenue, followed by colorants & auxiliaries and finishing agents, respectively.

Global Textile Chemicals for Technical Textiles Market - Impact of Coronavirus (COVID-19) Pandemic

The demand for textiles depend on various end-use industries such as the household, furnishing, apparel, and automotive industries, which have faced hindrances amidst the ongoing pandemic outbreak. This scenario hampered the growth of the global textile chemicals for technical textiles market for a short period till end quarter of 2020. Furthermore, producers across the globe are expected to move away from China aiming to reduce future risks that would affect their business and to reduce the manufacturers' cluster in a single country in order to smoothen the supply chain.

Competitive Section

The key players operating in the global Textile Chemicals For Technical Textile for technical textile market are The DyStar Group, The Lubrizol Corporation, The Dow Chemical Company, Huntsman Corporation, Kiri Industries Limited, Zhejiang Longsheng Group Co., Ltd., BASF SE, Archroma LLC, OMNOVA Solutions Inc., Solvay S.A., and Bayer MaterialScience AG.

Few Recent Developments

• In June 2023, KARL MAYER Group presented itself at Techtextil from June 21 to 24 2022 in Frankfurt am Main as an innovative partner in the production of high-performance textiles. The global player can be found in Hall 12.0 on Stand C93. Innovative patterns and application examples of warp knitting and flat knitting will be shown.
• In June 2023, the technical textiles and non-woven show, Cinte Techtextil China opened its doors, floor space booked by international suppliers is already more than double the area of the previous edition, which attracted 366 exhibitors from eight countries and regions. Taking place in September 2023, at the Shanghai New International Expo Centre, this year’s fair will see the European Zone return to the fairground. The high-traffic zone is set to welcome a number of new and returning exhibitors eager to showcase their products to a business-hungry domestic market.