The global market for textile chemicals is growing by four per cent a year.
Textile chemicals are used in many parts of the manufacturing process to ensure that fabrics, yarns, and fibers are produced with consistent results across multiple batches.
In addition, textile chemicals can help create innovative finishes and styles that make textile products more attractive to consumers.Textile chemicals are used in various stages of fabric production such as pre-treatment, dyeing and finishing, printing and other processes. Textile chemicals are used to improve the feel, look and performance of fabrics. They are an integral part of textile production, as they provide special treatments that help reduce wear and tear, resist stains and add colour to fabrics. Increasing investments in the textile industry, growing demand for eco-friendly and sustainable fabrics, advances in the production technologies of textiles are some of the factors driving the growth of this market.
Initiatives to promote investments in the fashion and garment industry are providing a major impetus to the global textile chemical market. Countries are regulating standards for the safe use of chemicals for dyeing and processing of fabrics. This is likely to boost the growth of the global textile chemical market. Rising disposable income coupled with changing lifestyle trends in developing countries is estimated to increase demand for apparel and other textiles, which can grow the demand for textile chemicals in coming years.
Textile chemicals are used to enhance various characteristics of textiles such as shrinkage protection, resistance against bacteria, soil release property, dye fixation, texture modification and flame retardation. The use of enzymes, bio-polishers and biobased surfactants is gaining traction due to their environment-friendly nature and cost effectiveness. Moreover, the increasing demand for improved quality of textile products is another factor driving the global textile chemicals market.In addition, technological advances in the production of dye intermediates and textile dyes are another factor propelling the growth of this market.
Furthermore, increasing investments in research and development activities, introduction of bio-based dyes are some other factors estimated to contribute to the growth of the global textile chemical market in coming years.Major brands and stores are continuously looking for ways to reduce their water and energy consumption. As a result, the demand for eco-friendly textile chemicals is increasing in the global market.Colorants and auxiliaries account for the largest revenue share in the global textile chemicals market due to an increasing demand for vibrant shades and textured fabrics in the textile industry.
The segment is expected to remain dominant due to rising awareness regarding sustainability and development of innovative products that have advanced properties. Additionally, increasing production capacities by leading companies is anticipated to drive market growth.
Stringent environmental regulations and health safety issues associated with certain chemicals are some factors hampering the growth of the global textile chemical market.Despite these challenges, companies operating in this industry are focusing on the development of environment-friendly chemicals for dyeing and processing of textiles. This factor is expected to provide new opportunities for the growth of this market in future.