Global Technical Textile Chemicals Market Analysis, 2024-2030

The demand for textile industry is increasing worldwide due to rising population as well as improving standard of living of people. Therefore, the production is also increasing accordingly. Technical textile chemicals play huge role in production technical textile and industrial textile as colorants and auxiliaries, surfactants, designing agents, and fishing agents, covers textile industry.

In modern world, the increasing demand for textile industry has resulted in increased demand for chemicals. Technical textiles are known for their functional properties and performance. Technical textile can be divided into different segments based on its usage as Meditech, Agrotech, Mobiltech, Buildtech, Oekotech, Packtech, Protech, Hometech, Sportech, and Indutech. Increase in demand for these textiles have increased the demand for chemicals used during manufacturing of these textiles.

The global technical textile chemicals report shows the current market insights by conducting more than 325 hours of secondary and primary research. Nevertheless, the global technical textile chemicals is broadening its borders throughout the world in terms of market share and market volume rapidly. The global technical textile chemicals market is valued at US $ xxx million in 2018 which is expected to achieve a market valuation of US $ xxx million dollars by the end of the year 2023 growing at a steady growth rate of xx% annually.

The products suitable for modern life style widely make use of technical textile chemicals in manufacturing or production process. The main reason behind the growth of global technical textile chemicals is demand for products made from them worldwide. Additionally, growth in automotive, construction, and healthcare industry increase the demand for the technical textile and thereby rising the demand for chemicals used during the manufacturing of technical textile chemicals. The decorative material modern people use, uses global technical textile chemicals as a raw material. For example, carpets, furniture and rugs.

When you mix waste from industries in water, it has negative effects on aquatic life to a greater extend. Due to this negative effect and different types of pollution, the demand for global technical textile chemicals is facing a challenge in the market.

Geographically technical textile chemicals are used in many regions like U.S, and Canada from North America, Germany, U.K, France, Italy, and Turkey from Europe. Along with these, Asia Pacific regions such as China, Japan, India, and Vietnam, Middle east and South Africa, and Mexico and Brazil from Latin America have a big market for technical textile chemicals.

Major companies in global technical textile chemicals market are Archroma, BASF SE, Bayer AG, Covestro AG, Dow Chemical Company, DyStar Group, Fibro Chem, LLC, German Chemicals Ltd., Huntsman International LLC, Kiri Industries Limited, Omnova Solutions, Inc., Omya United Chemicals, Pulcra Chemicals, Sumitomo Chemicals Co., Ltd., and The Lubrizol Corporation.

Our Approach

The research process includes the market segmentation of the global technical textile chemicals market followed by identifying the growth factors affecting every segment and conducting market forecast. Market forecasts are conducted here by taking the opinions of the business leaders across the industry value chain. Market Krystal therefore carried out more than 45 interviews devoted to this study, the details of the same are enclosed below:

By company type:

Manufacturers (40%), Suppliers (25%), Consumers (25%), Researchers (5%), Independent industry consultant (5%)

By geography:

North America (20%), Asia (45%), Europe (35%)

By designation:

Top level (50%), Operation level (25%), Mid-level (25%)

Contents of the report:

• Insights on the global technical textile chemicals industry dynamics
• Estimation of the current global technical textile chemicals market size in terms of value and volume
• Global technical textile chemicals market breakup based on type (auxiliaries, colorants, others), application (Meditech, Agrotech, Mobiltech, Buildtech, Oekotech, Packtech, Protech, Hometech, Sportech, and Indutech), and geography (North America, Europe, Asia-Pacific, Middle East, Africa & Latin America)
• Substantiated global technical textile chemicals market forecast for the next five years
• Comprehensive analysis of the key companies working across different nodes of global technical textile chemicals industry value chain