The global textile chemicals market size was US$ 27.1 billion in 2021. The global textile chemicals market is forecast to grow to US$ 35.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.

Factors Influencing the Market
The global textile chemical market is expanding at a substantial rate due to rising demand for home furnishings, technical tiles, and floor coverings. In addition to that, the apparel sector is gaining substantial traction, which will ultimately contribute to the growth of the textile chemicals market.
The growing range of technological advancements aimed at developing superior quality fabrics at low cost will benefit the textile chemicals market. Textile chemical manufacturers are now adopting nanotechnology to develop high-performance garments. Thus, it will drive the textile chemicals market forward.
The rising demand for technical textiles due to their performance benefits will benefit the textile chemicals market. Further, awareness related to health and hygiene is increasing at a substantial rate. Thus, the demand for sanitary napkins and baby diapers is expected to rise, which will also drive the demand for technical textiles. On the contrary, stringent environmental regulations associated with textile chemicals may limit the growth of the market.
Growing awareness related to the benefits of textile chemicals, such as fire or water resistance, will also contribute to the growth of the market.

COVID-19 Impact Analysis
The demand for healthcare products, such as sanitary pads and diapers, remained the same throughout the COVID-19 pandemic period. As a result, it also influenced the growth of the textile chemicals market. Further, the textile chemicals market is forecast to witness promising growth opportunities as the pandemic highlighted the need to look over hygiene. Thus, it will benefit the textile chemicals market in the coming years.

Regional Analysis
The Asia-Pacific textile chemicals market is forecast to grow at the highest growth rate, owing to the rising population, which is driving the demand for apparel, automotive and industrial textile, etc. Further, Chinas textile and apparel industry is forecast to emerge as one of the significant contributors due to the growing industrialization. In addition, the country is home to one of the largest passenger car manufacturers in the world, which will drive the demand for automotive textiles. Thus, it will benefit the textile chemicals market during the forecast period.



Competitors in the Market
Archroma
Tanatex Chemicals
Huntsman
DowDuPont
Evonik Industries
WackerChemie AG
Rudolf Group
Bozzetto Group
Dystar Group
AkzoNobel N.V.
Kemin Industries
Covestro
Croda Chemicals
CHT Group
Other Prominent Players

Market Segmentation
The global textile chemicals market segmentation focuses on Fiber, Product, Application, and Region.
By Fiber
Natural
Synthetic
By Product Type
Coating & Sizing Agents
Colorants & Auxiliaries
Finishing Agents
Surfactants
Desizing Agents
Bleaching Agents
Others
By Application
Apparel
Home Textile
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America