TEXTILE CHEMICALS FOR TECHNICAL TEXTILES MARKET ANALYSIS

Textile Chemicals For Technical Textiles MarketSize and Trends

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).

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

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 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

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.