Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Definition of Market/Industry:

Textile chemicals are the chemical compound that is widely used in the different stages of textile production. They can be classified as coating & sizing chemicals, colorants & auxiliaries, finishing agents, surfactants, yarn lubricants, bleaching agents, and desizing agents. They are widely used across apparel, home furnishings, and industrial chemicals. They are used to offer an aesthetic look and enhance the property of the fabrics. They are mainly produced from coal and petroleum products and the process includes pre-treatment of textile and coating the fabrics.

The Asia textile chemical market is estimated to account for US$ 10,811.0 Mn in terms of value by the end of 2019

Drivers:

The booming textile industry coupled with the increasing adoption of textile chemicals in improving quality of the fabric is projected to fuel the market growth of textile chemicals. Increasing demand for clothing due to the rising sense of fashion among consumers along with the increasing disposable income of the people is projected to boost the market growth of the textile chemical over the forecast period. The rising number of strategic partnerships for introducing textile chemicals is further projected to propel the market growth. For instance, in January 2016, Huntsman Corporation and Jihua Group, a market leader have signed a strategic partnership agreement under which the two companies will cooperate in a wide range of areas to jointly capitalize on the growing need for dye and chemical solutions for China’s textile sector, thereby improving the country’s textile industry.

Emerging new markets for textile chemicals especially in the region such as Bangladesh, Vietnam, Indonesia, and Cambodia due to low labor costs and adequate infrastructure is projected to foster market growth over the forecast period. Moreover, low cost of production of textile chemical and shift of the textile market in the Asia as compared to other regions is further projected to propel growth of the Asia textile chemical market. Growing demand for technical textile due to rising demand across various industries is projected to boost the market growth over the forecast period.

Statistics:

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

Asia Textile Chemicals  | Coherent Market Insights

Market Restraints

Uncertainty in raw materials coupled with the strict government rules and regulations for meeting regulatory compliance is expected to hinder the market growth of textile chemicals. Moreover, the negative effects of textile chemicals in the environment is also expected to pose a challenge to the market growth of the textile chemical.

The adverse effects of the textile chemical on human health which may have to vary bad consequences in the future are projected to curb the market growth. For instance, the textile chemical is produced by using chemicals such as acetic acid, sulfuric acid, peroxide, Polyvinyl Chloride (PVC), Polytetrafluoroethylene (PTFE), oxalic acid, and polychloroprene (neoprene).

Market Opportunities

Growing demand for functional finishes products that are durable and exhibit novel properties have raised the demand for functional chemicals which  offer water- repellency, anti-bacterial properties, soil-release, and anti-static properties is projected to offer immense growth opportunity to the market of textile chemical.

Increasing production of a bio-based textile chemical to reduce the negative environmental impact is projected to foster market growth over the forecast period. For instance, in November 2019, TANATEX Chemicals introduced bio-based & biodegradable micro-encapsulating technology in the TANA CARE Bio range. The product TANA CARE Bio-Slim is the first in this brand new range of Cosmeto Finishes, delivering improved skin conditions and a proven slimming effect.

Asia Textile Chemicals  | Coherent Market Insights

Statistics:

China textile chemical market was valued at US$ 6,489.0 Mn market in 2019 and is forecast to reach a value of US$ 13,654.2 Mn by 2027 at a CAGR of 8.6% between 2019 and 2027. 

Market Trends/Key Takeaways

Increasing focus on developing innovative product and increasing expenditure by the government on promoting R& D activities is projected to offer immense growth to the market over the forecast period. Growing demand for anti-microbial, stain-resistance and luxurious fabrics is projected to offer room for the growth of the market of textile chemicals. Moreover, emerging advanced technology such as sterilized textiles is also projected to propel the market growth over the forecast period.

Increasing demand for branded and high-quality fabric coupled with the growing sense of fashion in another major factor that has been observed in the market. Moreover, the increasing launch of smart technology for coloring the fabric is further expected to fuel the market growth over the forecast timeframe. For instance, in April 2019, Alchemie is pleased to announce the launch of a breakthrough new technology in textile dyeing — The Alchemie Endeavour waterless smart dyeing process, at Interdye on April 10 in Shanghai, delivering a step-change in sustainability at a radically lower cost.

Competitive Section:

Company Names 

Players active in the market are Huntsman Corporation, Archroma Management LLC, and DyStar Group.

Huntsman Corporation

  • In October 2016, Singapore-based Textile Effects Division of Huntsman Corporation, leading global provider of high-quality dyes and chemicals to the textile, and Jihua Group, a market leader in China for the manufacture of dyes and intermediates, have signed a strategic partnership agreement under which the two companies will cooperate in a wide range of areas to jointly capitalize on the growing need for dye and chemical solutions for China’s textile sector, thereby improving the country’s textile industry.

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

Detailed Segmentation:

  • Asia Textile Chemicals Market, By Product Type:
    • Auxillaries
    • Dye Stuff
  • Asia Textile Chemicals Market, By End Use Type:
    • Apparel
    • Home Furnishing
    • Others
  • Asia Textile Chemicals Market, By Process Type:
    • Pre-treatment
    • Finishing
    • Dyeing
    • Others
  • Asia Textile Chemicals Market, By Country:
    • China
      • By Product Type
        • Auxillaries
        • Dye Stuff
      • By End Use Type
        • Apparel
        • Home Furnishing
        • Others
      • By Process Type
        • Pre-treatment
        • Finishing
        • Dyeing
        • Others
    • India
      • By Product Type
        • Auxillaries
        • Dye Stuff
      • By End Use Type
        • Apparel
        • Home Furnishing
        • Others
      • By Process Type
        • Pre-treatment
        • Finishing
        • Dyeing
        • Others
    • Bangladesh
      • By Product Type
        • Auxillaries
        • Dye Stuff
      • By End Use Type
        • Apparel
        • Home Furnishing
        • Others
      • By Process Type
        • Pre-treatment
        • Finishing
        • Dyeing
        • Others
    • Vietnam
      • By Product Type
        • Auxillaries
        • Dye Stuff
      • By End Use Type
        • Apparel
        • Home Furnishing
        • Others
      • By Process Type
        • Pre-treatment
        • Finishing
        • Dyeing
        • Others
    • Indonesia
      • By Product Type
        • Auxillaries
        • Dye Stuff
      • By End Use Type
        • Apparel
        • Home Furnishing
        • Others
      • By Process Type
        • Pre-treatment
        • Finishing
        • Dyeing
        • Others
    • Rest of Asia
      • By Product Type
        • Auxillaries
        • Dye Stuff
      • By End Use Type
        • Apparel
        • Home Furnishing
        • Others
      • By Process Type
        • Pre-treatment
        • Finishing
        • Dyeing
        • Others
  • Company Profiles
    • Huntsman Corporation *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Archroma Management LLC
    • DyStar Group

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End Use Type
      • Market Snippet, By Process Type
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Asia Textile Chemicals Market, By Product Type, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Auxillaries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Tons)
    • Dye Stuff
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Tons)
  5. Asia Textile Chemicals Market, By End Use Type, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Apparel
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Tons)
    • Home Furnishing
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Tons)
  6. Asia Textile Chemicals Market, By Process Type, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Pre-treatment  
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Tons)
    • Finishing
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Tons)
    • Dyeing
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Tons)
  7. Asia Textile Chemicals Market, By Country, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End Use Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Process Type, 2017- 2027 (US$ Million & Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End Use Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Process Type, 2017- 2027 (US$ Million & Tons)
        • Bangladesh
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End Use Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Process Type, 2017- 2027 (US$ Million & Tons)
        • Vietnam
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End Use Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Process Type, 2017- 2027 (US$ Million & Tons)
        • Indonesia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End Use Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Process Type, 2017- 2027 (US$ Million & Tons)
        • Rest Of Asia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End Use Type, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Process Type, 2017- 2027 (US$ Million & Tons)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Huntsman Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Archroma Management LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • DyStar Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 25 market data tables* and 15 figures* on “Textile  Chemicals Market” - Asia forecast to 2027.

Frequently Asked Questions

The Asia textile chemicals market is estimated to account for US$ 10,811.0 Mn, in terms of value by the end of 2019.
Major players operating in the Asia textile chemicals market include Huntsman Corporation, Archroma Management LLC, and DyStar Group
Fluctuation in the price and availability of raw materials, stringent government rules and regulations for meeting regulatory compliance, coupled with adverse effects of the textile chemical on human health are some of the major factors that are expected to hamper growth of the market over the forecast period.
The booming textile industry, coupled with rising adoption of textile chemicals in improving quality of the fabric are some of the major factors that are expected to propel growth of the market over the forecast period.
The increasing demand for branded and high-quality fabric is one of the major trends that is observed in the market.
Among product type, auxiliaries segment is expected to hold a dominant position in the Asia textile chemicals market, accounting for US$ 5,739.2 Mn in 2019, and is expected to reach US$ 11,470.1 Mn by 2027 exhibiting a CAGR of 8.0% over the forecast period (2019-2027).
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