Textile Chemicals Global Market Report 2024

The textile chemicals market size has grown strongly in recent years. It will grow from $23.98 billion in 2023 to $25.5 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth witnessed in the historic period can be attributed to several factors, including the expansion of the textile industry, increased consumer demand for a wide range of textiles, evolving global fashion trends, adherence to environmental and regulatory standards, and advancements in textile manufacturing technologies and innovations. These combined elements have significantly contributed to the growth observed in that timeframe.

The textile chemicals market size is expected to see strong growth in the next few years. It will grow to $32.43 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth in the forecast period can be attributed to several factors such as the emphasis on sustainable textile production, increased utilization of technical textiles across various applications, the rise in disposable income, globalization impacting textile supply chains, and the enforcement of stringent quality standards.

The textile chemicals market anticipates a surge in demand due to the escalating need in the textile industry. These chemicals play a pivotal role in enhancing various stages of textile production, from fibers to finished products. They optimize processes, reduce time, and enhance quality. For instance, India's textile and apparel exports saw a 41% increase to US$ 44.4 billion in FY22, indicating a growing need for textile chemicals to ensure superior product manufacturing.

The textile chemicals market foresees a boost from increasing disposable income levels. Disposable income, the amount available for spending or saving post-tax deductions, stimulates textile demand. This trend propels innovation in the textile chemicals sector, aligning with evolving consumer preferences. For instance, Japan saw a rise in disposable income from 412.82 JPY thousand ($3,014.64) in March 2022 to 463.91 JPY thousand ($3,387.76) in February 2023, reflecting the role of rising disposable income in driving the textile chemicals market.

Technological advancements constitute a prevalent trend shaping the textile chemicals market. Companies are dedicating efforts to integrating cutting-edge technologies, such as non-fluorinated durable water repellence and eco-friendly digital printing, into textile development. An example includes Cosmo Speciality Chemicals' launch of Superwash POL in September 2021. This dye transfer inhibitor boasts amphiphilic properties that prevent bleeding and staining on textiles, utilizing polar and hydrophilic agents to avert dye redeposition on various colored fabrics and white surfaces.

Leading entities within the textile chemicals market are forming strategic alliances to offer dependable services to their clientele. These partnerships drive innovation, broaden market reach, optimize supply chains, ensure compliance with regulations, provide customer-centric solutions, and elevate brand stature. An example is Madewell, a US-based fashion brand, partnering with Bluesign in August 2023, marking its distinction as the first US denim company to join as a Bluesign system partner. This collaboration underscores Madewell's commitment to sustainable denim production, emphasizing clean chemistry and production processes meeting Bluesign criteria, safeguarding workers, the environment, and consumers.

In July 2021, Pulcra Chemicals, a Germany-based specialty chemicals company, completed the acquisition of Devan, a Belgium-based manufacturer specializing in high-tech finishing chemicals for textiles. This undisclosed acquisition enables Pulcra Chemicals to access Devan's robust portfolio of bio-based textile finishes, bolstering its position as a comprehensive solutions provider across diverse textile markets. The move amplifies Pulcra Chemicals' presence and offerings in thermoregulation and flame-retardant products.

Major companies operating in the textile chemicals market report are BASF SE, Dow Inc., Evonik Industries AG, Covestro AG, Solvay SA, Formosa Organic Chemical Industry Co. Ltd., Arkema SA, AkzoNobel NV, Wacker Chemie AG, The Lubrizol Corporation, Kemira Oyj, Croda International PLC, Huntsman Corporation, CHT Group, Kemin Industries Inc., NICCA Chemical Co. Ltd., Giovanni Bozzetto SpA, Pulcra Chemicals GmbH, DIC Corporation, Kiri Industries Limited, Archroma India Pvt. Ltd., Indofil Industries Ltd., Fineotex Chemical Limited, Tanatex Chemicals BV, Chemipol SA, Achitex Minerva SpA, Jintex Corporation Ltd., Sarex Chemicals, Lonsen Inc., Tata Chemicals Ltd.

Asia-Pacific was the largest region in the textile chemicals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the textile chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the textile chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of textile chemicals encompass coating and sizing chemicals, finishing agents, colorants and auxiliaries, surfactants, desizing agents, yarn lubricants, and bleaching agents. Coating and sizing chemicals play a vital role in augmenting or altering the characteristics of textiles applied onto a substrate. They are categorized based on fiber type, distinguishing between natural and synthetic fibers. Textile chemicals find diverse applications across various sectors including apparel, home furnishing, automotive textiles, industrial applications, and other specialized uses.

The textile chemicals research report is one of a series of new reports that provides textile chemicals statistics, including textile chemicals industry global market size, regional shares, competitors with textile chemicals share, detailed textile chemicals segments, market trends and opportunities, and any further data you may need to thrive in the textile chemicals industry. This textile chemicals research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The textile chemicals market consists of sales of levelling agents, sequestering agents and whitening agents. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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