The global textile auxiliaries market size was US$ 9.1 billion in 2021. the global textile auxiliaries market is forecast to grow to US$ 12.1 billion by 2030, registering a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2022 to 2030.
Textile auxiliaries are chemicals of formulated chemical products that help in the various processes associated with textile, such as preparation, dyeing, printing, etc.
Factors Influencing the Market
- Infrastructure development and rapid urbanization will increase the demand for advanced technological textiles. Users prefer textile auxiliaries as they are more durable and effective than traditional textiles.
- The introduction of smart textiles is forecast to change the outlook of the textile auxiliaries industry. Manufacturers are increasingly looking over the R&D activities in order to meet the demands of electric textiles. Thus, all o these factors will contribute to the growth of the global textile auxiliaries market during the study period.
- The increasing awareness about the beneficial applications of textile auxiliaries is forecast to help the market grow. Textiles are used in cleanliness, health, and surgical applications. In addition, the increasing initiatives from authorities to expand the healthcare expenditure are forecast to benefit the global textile auxiliaries market during the study period.
- Rising demand for technical textile-based healthcare goods, such as baby diapers and sanitary napkins, will benefit the market. In addition, increasing the living standards of the urban population will help the market grow during the study period.
- The environmental risk associated with textile auxiliaries may hamper the growth o the global market.
COVID-19 Impact Analysis
The COVID-19 had a tremendous negative impact on the global textile auxiliaries market. Textiles are highly adopted in the apparel, home, and furnishings segments. However, all of these segments witnessed significant drawbacks due to the COVID-19 pandemic, which ultimately hampered the growth of the global textile auxiliaries market during the forecast period.
In addition, the global textile auxiliaries market also hampered manufacturing activities. In addition, Asia-Pacific is a prominent contributor to the market. Various nations, such as India and China, witnessed significant economic disruptions which ultimately impacted the global textile auxiliaries market.
Regional Analysis
The Asia-Pacific textile auxiliary market is forecast to register the highest CAGR in terms of value and volume. The growth of the region is attributed to the favorable initiatives from government bodies, such as the ‘Make in India’ campaign. In addition, the massive production by firms operating in China, India, and Vietnam will contribute to the regional market growth. All of these factors are forecast to drive demand for textile auxiliaries in the region.
Competitors in the Market
- Kemira
- Evonik
- Akzo
- Nobel
- Huntsman Corporation
- Tata Chemicals Limited
- DyStar Group
- Dow Chemical Company
- Archroma
- Zschimmer and Schwarz GmbH & Co KG
- Other Prominent Players
Market Segmentation
The global textile auxiliaries market segmentation focuses on Type, Application, and Region.
By Type
- Coating and Sizing Chemicals
- Colorants and Auxiliaries
- Finishing Agents
- Desizing Agents
- Other Types
By Application
- Apparel
- Home Furnishing
- Automotive Textile
- Industrial Textile
- Other Applications
On the basis of Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America