"As per Business Wire, the global textile chemicals market is expected to reach $27.56 billion by 2022 from $21.80 billion in 2016. The market is expected to grow at a CAGR of 3.4 per cent during the period. With designers focused on grabbing a bigger share of the market, designs are becoming fancier requiring more processing; increasing chemical use and other operational footprints. Allied Market Research data shows, significant factors are contributing to the growth of textile chemicals market. These include development of apparel industry, rising consumer demand for innovative and styled clothing products, evolution of environmentally friendly chemicals required by textiles industries, and development of packaging industries, that require a large amount of textile chemicals".

As per Business Wire, the global textile chemicals market is expected to reach $27.56 billion by 2022 from $21.80 billion in 2016. The market is expected to grow at a CAGR of 3.4 per cent during the period. With designers focused on grabbing a bigger share of the market, designs are becoming fancier requiring more processing; increasing chemical use and other operational footprints.

Growth drivers

Allied Market Research data shows, significant factors are contributing to the growth of textile chemicals market. These include development of apparel industry, rising consumer demand for innovative and styled clothing products, evolution of environmentally friendly chemicals required by textiles industries, and development of packaging industries, that require a large amount of textile chemicals.

A US-based market research and consulting company, Grand View Research views that the US product market for textile chemicals is anticipated to grow at a CAGR of 3.8 per cent from 2016 to 2025 to reach a net worth of $930.1 million by 2025. Low price of fast fashion garments is also increasing consumption of technical textiles. As garment makers are always under pressure to reduce costs, they opt for low price chemicals in their fabrics. This is increasing health and environment concern. To prevent this, retailers need to promote high-value less hazardous chemicals in the value chain.

Home furnishing applications drive up market

The Grand View Research study also points out home furnishing applications dominated the textile chemicals market in 2015, 2016 and 2017. Coating and sizing chemicals were the largest consumed products category with a total worth of $6,353.5 million, accounting for over 30 per cent of global demand in 2015. Printing being the last step and, the popularity of printed fabric is increasing. The key players in textile chemicals market include: Covestro AG, Lonsen Inc., Archroma, BASF, Dow Chemical Company, Bayer AG, Huntsman International LLC and Sumitomo Chemicals. And there are many other major players.

Asia-Pacific: Strong growth centre

The report further highlights, Asia-Pacific region is the fastest growing market in textile chemicals space. In 2017, the Asia Pacific market had a share of 63.35 per cent in the global textile chemicals market in terms of consumption. The report by the Transparency Market Research reveals China and India accounted for more than 70 per cent share in Asia Pacific. Bangladesh consumes about $800 million worth of dyes and chemicals every year.

Limitations of the industry

The major limitations of the textile chemicals include adverse effects of chemicals on the environment and stringent environmental regulations. However, recent innovations, which embed innovative ideas of anti-microbial, luxurious, and stain-resistant fabrics, allow these chemicals to reach a wider segment of audiences. Emerging technology such as the establishment of sterilised textiles is expected to increase competition in the years to come.

The European Union implemented the Integrated Pollution Prevention and Control (IPPC) directive from January 2008, along with Emissions Trading System (ETS) and regulation on registration, evaluation, authorization, and restriction of chemicals. Initiatives like REACH have significantly reduced the demand for textile chemicals in Europe. Countries such as the Netherlands and Germany have banned some textile chemicals that pose a threat to the environment and human health.

Michael Kors will soon takeover Versace. Michael Kors is best known for its leather handbags. This US brand wants to aggregate various luxury brands - including fashion, shoes and accessories - under one larger group. Last year it bought British stiletto-heel maker Jimmy Choo.

Versace, based in Italy, is a family-owned brand known for its bold and glamorous designs and its Medusa head logo. It is a mega-brand and a red carpet favorite that is among the most recognisable and followed fashion labels in the world. Versace last year posted sales of €668 million and earnings before interest, tax, depreciation and appreciation of €44.6 million. Since 2016, Versace has been working on streamlining its management structure, cutting costs and pushing to increase sales online.

Synonymous with luxury style and effortless polish, Michael Kors has a sophisticated, jet-set aesthetic. Known for his laidback, luxurious, wearable and quintessentially American silhouette, designer Michael Kors started his label in 1981 and has dressed Hollywood actresses, music superstars and first ladies.

The label offers clothing, shoes, bags, jewelry, accessories, sunglasses and watches. Men can choose from tailored shirts, sweaters, vests, jackets, pants, wallets, card cases, messengers and totes. For women there are fit and flare, sheath, or shift dresses, platforms, heels, wedges, clutches, earrings, bracelets, rings, necklaces.

Nilit, producer of the Sensil fabric, a smart choice for premium Nylon 6.6 designed especially for apparel, will showcase its performance collection at Intertextile Shanghai. In addition, the brand will present Sensation: Spring/Summer 2020, the next edition in Nilit’s Trend Book series.

Sensil Nylon 6.6 is soft, strong, and durable fabric that retains newness after many wearings and washing. Its performance features include inherent odour control, temperature management, moisture management, and UV resistance. Its comfort is enhanced by the cooling effects of the Sensil Breeze or the warmth of Sensil Heat. Sensil Aquarius keeps things dry while Sensil Body Fresh makes sure they remain pleasant smelling. Sensil Innergy contributes its energising properties while Sensil EcoCare combines performance and environmental responsibility, according to the manufacturer.

Inexmoda will host BCapital in Bogotá, Colombia from October 17-19, 2018.The trade show links the consumer to the best local designs that seek to express fashion in non-conventional formats, link the end consumer with de Fashion System´s creative industries and create experiences through innovative languages and formats.

BCapital, a meeting place for the public who becomes validator of trend, has three fundamental axes: BSmart, academic axis of the event that seeks to democratise knowledge; BCool, the place where brands and designers lead attendees through memorable experiences, with presence of national and international buyers and exclusive collections; and BFashion, the place where you live fashion as a creative and cultural manifestation with production of more than 40 designers on stage.

The 9th Bangladesh Denim Expo with the motto “Simplicity” will be held on November 7 and 8, 2018 in Dhaka. The expo will hold three panel discussions that will focus on different aspects of the topic.

The first of these discussions will dwell on the simplicity of collaboration between the designers and consumers. The second will deal with the need for simplifying the standards and certificates for the global textile industry besides clarifying the procedures between producer and buyer. The third discussion will deal with simplicity in production. It will discuss the innovation, technology and optimised handling of resources in the industry.

Since its premiere four years ago, the Bangladesh Denim Expo has proven to be one of the major fairs for the denim community. The expo is known to be an important hub for innovation and sustainability. It’s 9th edition in November will present 60 exhibitors from all over the world who will showcase their offerings in material production, jeans production, chemicals, equipment and technology.

In 2017, China’s exports of textile products were 12.13 per cent of the country’s total exports. The Chinese textile industry has been competitive in the global value chain for years. The industry shows vigor and vitality, and the performance of brands with creative designs remains strong. But the industry is facing growing pressure from transforming and upgrading. China's textile industry urgently needs to figure out how to face the challenges brought out by the new era of reform and opening-up.

Technology, fashion, green have become the new labels for China's textile and garment industry. The future of design is soft design, which is user-oriented and aims to dig out potential demand from consumers. The high-quality development of China's textile products requires not only soft design but also something that leads the market.

Shenzhen, one of the country's major garment and textile industrial bases, is aiming to transform itself from a manufacturing powerhouse into a design and innovation-driven fashion hub after reporting robust income since 2017. This fashion hub is cultivating its own Chinese cultural characteristics to make it distinct and unique. It is aiming for faster growth by enhancing the design side rather than manufacturing since design creates culture, culture shapes value, and value determines the future.

A Thai company Saha Pathana has partnered with Global Chemical, a petrochemical refiner, to develop textile products using plastic waste. In this partnership, Global will bring its expertise in the petrochemical business and manufacturing of plastic resin by incorporating innovative and groundbreaking technology.

The combined strengths of the two organisations will ensure the promise of long-term business and simultaneously maximise the potential for Thai businesses, while also corresponding with the growing trend of green business across the world. Global will also provide technological knowhow and support for transforming plastic waste into textile products.

The companies will focus on developing products that are less environmentally damaging, while bringing high standards to the task of reducing Thailand’s waste problems. Textile products created from plastic waste are an interesting business, as the global shift of sustainability and environmental protection continues to rise. Apart from creating high-value textile products from plastic waste, the business collaboration also aims at expanding into both domestic and international markets. The tie-up will also extend efforts to pursue corporate social responsibility activities such as exhibitions and community development activities.

The National Council of Textile Organizations (NCTO) has launched the Rhode Island Textile Innovation Network (RITIN) at the Slater Mill Museum in Pawtucket. RITIN unveiled its new website and held an expo featuring local manufacturers. The activities supplemented NCTO’s We Make Amazing campaign that promotes the US textile industry. The network fosters collaboration among textile industry leaders, designers, academia and government with a mission to make Rhode Island a leader in advanced textile manufacturing and to develop solutions to recruit and train the sector’s future workforce.

Created in late 2016 by US Senator Sheldon Whitehouse and the University of Rhode Island Business Engagement Center, RITIN operates with planning grants received in late 2017 from Real Jobs RI and the Rhode Island Commerce Corporation. Polaris MEP, an affiliate of the National Institute of Standards and Technology’s Manufacturing Extension Partnership (NIST MEP) provides RITIN’s program management.

Maroc will be held in Morocco, October 11 to 12, 2018. Around 200 exhibitors will be present representing fast fashion, denim, knitting, tailoring, lingerie, work wear, leather goods, shoes and accessories. The Circular Denim Cluster, a joint project by Hallotex, Textil Santanderina, Vich Industrial and Lenzing, will present actions to ensure sustainability along the complete production chain.

A textile cluster is being planned for Morocco. This is a project for the development of sustainable production. Planned are inter alia a spinning mill that processes recycled fibers and a recycling plant that is expected to recycle over one million kilograms of textile waste per year.

Stable macroeconomic factors and a favorable investment climate make Morocco an interesting and innovative production and sourcing location for the Mediterranean and North Africa. The clothing and textile industry in Morocco accounts for 24 per cent of Morocco’s total exports.

The country is at a favorable geostrategic location at the crossroads of three continents. Fast fashion, denim, knit, technical textiles and knitwear are Morocco’s competence. A striking advantage of Moroccan production is the proximity to Europe and the many years of experience in production for the world’s largest fashion brands and retailers. Moroccan producers can react quickly to new trends, implement and deliver them.

Uniqlo, a subsidiary of Japanese retail holding company Fast Retailing – plans to form a joint venture with three Pakistani companies, to boost textile exports. The brand will outsource textile garments for its more than 3,000 outlets worldwide. Uniqlo initially selected five textile companies in Lahore, Faisalabad, and Karachi and sent its two member team to meet their representatives and assess the potential.

Pakistan’s textile exports rose around 9 percent to $13.53 billion for the fiscal year ended June 30, which account for more than 60 per cent of the country’s total exports. Yet, Pakistan has lost its textile export share in the world market to 1.7 per cent from 2.2 per cent over the last decade.

In February, Spanish Inditex Group, the world’s biggest clothes retailer and owner of fast fashion brand Zara, opened its maiden branch office in Pakistan to double its imports from the country. Other key foreign buying houses in the country include IKEA, Walmart Global Procurement, Li and Fung Pakistan, Target and JC Penny.