The market for textile auxiliaries is expected to develop at a moderate CAGR of 5.2% from 2022 to 2032 when it is valued at US$ 16,589.3 million. The target market is expected to grow from its 2021 value of US$ 9,491.1 Million to an estimated US$ 9,992.4 Million in 2022. During the projected period, the growing market for textile chemicals is expected to support the expansion of the market for textile auxiliaries.
Specialty chemicals that are applied in the different steps in the fabrication of textiles and fabrics are categorized as textile chemicals. These chemicals have the capacity to make fabric stronger, more adaptable, and further improve its original characteristics.
The constant demand and growth of the textile chemicals industry is a prime growth driver of the global textile auxiliaries market. In addition to this, the increasing adoption of technical textiles in various industries is likely to promote the growth of the textile auxiliaries market. Technical textiles provide strength, resistance, and ensure protection from different pollutants and environmental factors.
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These textiles are in high demand from the rising infrastructural development and rapid urbanization. This is because technical textiles are more durable and effective as compared to traditional textile materials. This ultimately leads to the expansion of the target market.
The expanding automotive sector, increasing environmental awareness and rising application of technical textiles in environmental protection initiatives like erosion protection, waste treatment/recycling, and domestic water sewerage plants are some of the other factors that are promoting the growth of the textile auxiliaries market during the forecast period.
“Heightened popularity as well as rising application of technical textiles in multiple industry verticals is expected to drive the global growth of the textile auxiliaries market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Stringent environmental regulations will likely stunt market growth over the forecast period.
- Asia Pacific is offering multiple lucrative opportunities to the textile auxiliaries market.
- Major player of the market are keen on investing more into developing eco-friendly, energy-efficient, and affordable chemicals.
- In 2022, the pre-treatment agents subsegment will account for 38.1% of the global sales of textile auxiliaries market.
- The dyestuff segment is predicted to register a 5.3% CAGR during the forecast period.
Competitive Landscape
Huntsman Corporation, Solvay, Tata Chemicals, DyStar Singapore Pte Ltd., The Dow Chemical Company, Akzo Nobel N.V., Evonik Industries AG, Archroma Limited, Zschimmer and Schwarz GmbH & Co KG, Rudolph GmbH, ChemDyes Sdn Bhd, Oleon, Fibro Chem LLC, Covestro AG, Camex Ltd., Fineotex Group, Croda International Plc, OMNOVA Solutions Inc., and Kemin Industries among others are some of the major players in the textile auxiliaries market profiled in the full version of the report.
Major market players are concentrating on increasing investment in research and development activities to introduce innovative products in the market. These players are keen on expanding their capacity and entering new markets in emerging economies. Acquisition of other firms is another strategy employed by these organizations to gain a stronghold in the international market.
- In june 2022, Cosmo Speciality Chemicals, a subsidiary of Cosmo Films, launched a new cost-effective finishing textile auxiliary, Silky SF – a cationic softener that enables excellent softening effect on all kinds of textile and offers a silky touch to the fabric.
- In April 2022, Garmon Chemicals, the Kemin Textile Auxiliaries business unit introduced a sustainable “Power Saving” approach that combines processes and chemicals to improve the efficiency of garment-finishing treatments, reduce costs and resource consumption.
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Textile Auxiliaries Market Segmentation
By Product Type:
- Pre-Treatment Agents
- Dye-Stuffs
- Finishing Agents
- Softening Agents
- Anti-Foaming Agents
- Odour Absorbers
- Corrosion Inhibitors
By End Use:
- Apparel
- Home and Institutional
- Technical Textiles
- Digital Printing
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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