TEXTILE CHEMICALS MARKET ANALYSIS

Textile Chemicals MarketSize and Trends

The global textile chemicals market size is expected to reach US$ 41.40 Bn by 2031, from US$ 31.32 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.8% during the forecast period. Textile chemicals are compounds used in the processing and manufacturing of textiles. They enhance the manufacturing process of textiles with specific properties and a desirable look. Home furnishings, apparel, and industrial chemicals are some of the applications of textile chemicals.

Global Textile Chemicals Market Trends:

Shift towards water-based textile chemicals

The textile chemicals industry is undergoing a major transformation as sustainability becomes a growing concern. There is an increasing demand for water-based textile chemicals from textile manufacturers as many countries are implementing strict environmental regulations to reduce water pollution. Water-based textile chemicals, such as dyeing and printing agents, generate much less wastewater compared to traditional solvent-based products. They also have lower volatile organic compound emissions, thereby reducing the industry's environmental footprint.

Many major textile chemicals companies are heavily investing in developing newer water-based formulations to cater to this rising demand. Archroma announced investments of over US$50 million to expand its water-based textile chemical production capacity in China and Pakistan over the next three years, according to the company's press releases. They aim to replace over 25% of their solvent-based range with water-based alternatives.

Increasing consumer preference for organic textiles

The growing consumer preference for organic textiles is having a significant impact on the global textile chemicals market. There is a rising demand for textiles produced from natural and sustainable fibers that are free from harmful chemicals. Many consumers are becoming more environmentally conscious and eager to purchase clothing and other textile products that use organic cotton and other natural materials instead of conventional synthetic fabrics. This change in consumer sentiment is pushing textile chemical companies to develop more eco-friendly and sustainable product offerings. Chemical manufacturers are investing in researching alternatives to conventional chemicals that are carcinogenic or pose other health and environmental risks. They are bringing new bio-based and plant-extracted textile chemicals to market. For example, textile auxiliaries that are made from natural substances like seeds, plant extracts, and essential oils instead of petrochemical sources. Some large textile chemical producers are also focusing on utilizing renewable raw materials and green chemistry principles in their products.