Growth in Synthetic Fibers and Sustainability Trends Shaping the Textile Chemicals Market
Moreover, according to World Metrics, China’s textile industry represents over 10% of the country's total exports. It is regarded as one of the key players on the international arena (World Metrics). The market for textile chemicals is driven by the increasing popularity of synthetic fibers in apparel, which make up 60%, according to PIRG. These fibers are made using specific chemicals, leading to increased market size. Similarly, advanced processing technologies in textiles, coupled with increased demands for better fabric performance, will stimulate the need for newer types of chemicals used within this industry.
The textile sector valued at US$ 6.5 billion is expected to increase significantly and is estimated to reach US$ 10.1 billion by 2025 and US$15 billion by 2030. This rise is propelled by increasing disposable incomes and changing fashion trends that create greater demand for a broad range of high-quality textile chemicals used in dyeing, finishing, and improving textile characteristics. Specifically, the ethical fashion industry has grown at a rate of 8.3% per annum, with forecasts suggesting an uptick to 9.7% in 2030. This increase indicates a shift towards green practices within the industry that require new and sustainable textile chemicals.
Growing demand for textile chemicals demonstrates wider trends within the fashion sector, indicating the increasing importance of innovative chemical solutions that can meet the evolving requirements of textile production.
Innovations and Surge in Advanced Textiles Driving the Demand for the Textile Chemicals Market
Deven Supercriticals Pvt. Ltd. has introduced SUPRAUNO, a ground breaking waterless dyeing and finishing technology that utilizes supercritical CO2 instead of water. This innovation achieves a notable reduction in resource consumption, with the process saving 76% of water and 67% of energy in dyeing polyester-cotton blends. With water scarcity becoming more critical worldwide, sustainable dyeing solutions are becoming more important. The increasing preference for sustainable practices is leading to a rise in the need for advanced textile chemicals, mirroring a larger movement towards sustainability that is important for both consumers and industries. This growing emphasis on eco-friendly methods is enhancing the textile chemical market.
Recent Trends in the textile chemicals Industry:
- Adoption of digital printing technologies
- Consumer awareness and demand for transparency
- Bio-based and renewable chemicals
- Development of smart textiles
- Rising Adoption of digital printing technologies
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Stricter Environmental Laws and Sustainability Challenges Affect Textile Chemical Growth
Following the guidelines set by the UNFC on Climate Change, a rise of 60% in emissions from textile manufacturing is expected by 2030. Moreover, a report from PIRG highlights that approximately 35% of microplastic pollution in ocean environments is a result of synthetic clothing. From 2015 to 2050, the fashion industry might release around 22 million metric tons of microplastics into the oceans through clothing production and consumption. The textile chemical market is at risk due to increasing emissions and microplastic contamination. Stricter regulations and a shift towards eco-friendly practices may challenge market growth and alter chemical product demand.
Sustainable Textile Technologies Rising the Demand of the Textile Chemicals Market
In March 2024, CHT Group, a leading global manufacturer in textile chemistry and dyes, participated in the PERFORMANCE DAYS Functional Fabric Fair held in Munich. At the event, CHT presented its latest advancements in sustainable textile technologies. The company focused on showcasing innovations in both dyeing and effect chemicals that are designed to enhance the performance of textiles. CHT's textile solutions aim to improve the quality, functionality, appearance, and purity of textiles while optimizing manufacturing processes. This emphasis on sustainability and innovation is expected to significantly influence the textile chemicals market, driving increased demand for advanced and eco-friendly textile solutions.
In June 2023, ERCA TCS introduced REVECOL, a certified, high-performance chemical auxiliary designed for textiles. This new generation of products enhances the company's existing extensive range, offering versatile and effective solutions that integrate into textile pre-treatment, dyeing, and finishing processes. REVECOL provides a drop-in solution, ensuring compatibility and ease of use within various textile production workflows.
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Sustainable Advances Boosting the Demand for Textile Chemicals in North America
North America leads in the textile chemicals market, propelled by cutting-edge technological advancements and a commitment to sustainability. The region excels in developing smart textiles and high-performance fabrics, necessitating specialized chemical solutions. A significant focus on eco-friendly practices is evident, with investments in green technologies adhering to strict environmental standards.
North American firms drive growth through groundbreaking research and innovative products, particularly in high-value sectors like aerospace, automotive, and healthcare. Stringent regulatory frameworks further foster the use of advanced, safer textile chemicals. Overall, North America’s market for textile chemicals is rapidly expanding, driven by these key factors.
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Austria, Sweden, Norway, Denmark, Finland, Ireland, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Vietnam, Thailand, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Morocco, Algeria, Israel, Iran, Kenya, Turkey, Rest of MEA |
Textile Chemicals Market Research Report Covers In-depth Analysis on:
- Textile chemicals market detailed segments and segment-wise market breakdown
- Textile chemicals market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in textile chemicals industry)
- Current, historical and forthcoming 10 years market valuation in terms of textile chemicals market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Textile chemicals market demand analysis
- Textile chemicals market pricing analysis over forecast period (by key segment and by region)
- Textile chemicals market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in textile chemicals market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in textile chemicals market
- Textile chemicals market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on textile chemicals market forecast by countries
- Mergers and acquisitions in textile chemicals market
- Essential information to enhance market position
- Robust research methodology