The textile chemicals market in Asia is buoyed by strong demand from the textile industry in China, India, Vietnam, Bangladesh, and Indonesia. The market is expected to expand at a compound annual growth rate (CAGR) of seven per cent.

The global textile chemicals market is in a transitional phase, with an increase in emphasis on developing skin- and eco-friendly apparel. Textile companies are regulating their supply chain stringently. Compliance with international regulations and a focus on using safe chemicals will be the key trends in the Asia textile chemicals market.

The global textile chemicals industry is highly fragmented and is comprised of both big and small players catering to a fiercely competitive market. To consolidate their position in the market, the key textile chemical companies will focus on developing innovative products and widening their range of offerings.

Furthermore, it is anticipated that the demand for functional finishes that impart specific properties to textiles will continue to drive innovation in the market.On the basis of product type, the textile chemicals market in Asia is segmented into textile auxiliaries and textile colourants. Owing to the increased demand for chemicals used during the various processing stages, the textile auxiliaries segment has a slight upper hand over textile colorants.