Textile chemicals includes different chemicals such as complexing agents, surfactants, wetting agents, sequestering agents, dispersing agents, emulsifiers, dyes, dye protective agents, fixing agents, leveling agents, pH regulators, carriers and UV absorbers which are used in the textile industry. It majorly finds application in the apparel and home furnishing industry.

Market Dynamics

Growing apparel and textile industry is a major factor driving growth of the textile chemicals market in the Asia Pacific region. For instance, according to the India Brand Equity Foundation (IBEF), Ministry of Commerce & Industry, Government of India, the textile and apparel industry in India was valued at US$ 108 billion in 2015 which increased to US$ 150 billion in 2015. In addition, exports of textiles and apparels in 2016 was US$ 36.75 billion and is expected to reach US$ 82 billion in 2021, according to IBEF.

The Asia textile chemical market is estimated to account for US$ 1,0811.0 Mn in terms of value by the end of 2019.

However, toxicity of textile chemicals which includes carcinogenic effect and genetic mutations is expected to hinder growth of the textile chemicals market.

China dominated the global textile chemical market in 2019, accounting for 60% share in terms of value, followed by Rest of Asia and India, respectively.  This is attributed to the growing apparel demand and growing production of fabrics and yarns in China.

Key features of the study

• This report provides in-depth analysis of Asia textile chemicals market and provides market size (US$ million & tons) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the Asia textile chemicals market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study includes, Huntsman Corporation, Archroma Management LLC, DyStar Group.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
• The Asia textile chemicals market report caters to various stakeholders in this industry including investors, suppliers, textile chemicals manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Asia textile chemicals market

Market Segmentation

• By Product Type
  • Auxiliaries
  • Dye Stuff
• By End Use Type
  • Apparel
  • Home Furnishing
  • Others
• By Process Type
  • Pre-treatment  
  • Finishing
  • Dyeing
  • Others
• Asia Textile Chemicals Market Companies
  • Huntsman Corporation
  • Archroma Management LLC
  • DyStar Group