Textile Auxiliaries Market

Textile Auxiliaries Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Textile Auxiliaries Market grew at a CAGR of 4.0 % between 2017-2021 and is estimated to be US$ 6,782.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.4% and is expected to reach a valuation of US$ 10,432.3 Mn by 2032 end.

Throughout the projected period, the market is anticipated to grow in response to rising demand for textile auxiliaries, which is being boosted by the expanding apparel and clothing sector, increasing use of textile auxiliary materials for various applications, and a shift in emphasis toward ecologically friendly products.

Market Dynamic

THE GROWING TREND FOR SPECIAL PROPERTY FABRICS IN TEXTILES WILL BOOST THE MARKET FOR TEXTILE AUXILIARIES

The hydrophobic property of spandex fabric refers to the capability of suppressing wetting by aqueous fluids and resisting wicking. Due to its hydrophobic, high temperature resistant, lightweight & durable, air permeability, good tensile strength, and zero toxicity, the demand for textiles tends to increase. The hydrophobic feature of special fabrics implies their waterproof property. It doesn’t just mean that it is purely water repellent; it helps maintain quality fabrics even if water gets inside.

RISE IN RAW MATERIAL COSTS HAMPER THE MARKET GROWTH

Ethylene glycol and dimethyl terephthalate are combined in a high-heat process to create polyester fiber. This process yields a monomer, which forms a polymer when combined with dimethyl terephthalate. The manufacture of polyester is generally more expensive than the production of other raw materials due to the sharp rise in the price of crude oil, which restrains the market’s expansion. The output of synthetic raw materials is also declining due to environmental regulations, while demand for natural fibers, replacing them, is rising. This factor is also likely to restrain market expansion, and the effects of this trend can be seen in hypothetical market scenarios.

THE RISE IN TECHNICAL TEXTILE  PROJECTS WILL CREATE MORE OPPORTUNITIES FOR THE MARKET

The technical textiles industry has immense potential in developing countries. Asia is now emerging as a powerhouse of production and end-use consumption of technical textiles. In technical materials, available high-tech finishes are utilized to make them functionally superior and relevant to the end-use application, such as anti-bacterial, anti-static, UV protective, thermal, or biodegradable functions, which play an increasingly important role.

COVID-19 Impact

Due to the concern that the COVID-19 epidemic caused, local and international demand for textile items slowly decreased until they abruptly stopped. Numerous textile-related factories were closed as a result of the lockdown. A cash constraint, supply chain disruptions, and challenges with human resources also impacted the textile market. Over 40 million garment workers in their supply chains worldwide were in danger of going hungry as factories closed and orders dried up due to the Covid-19 pandemic. The fashion industry was under pressure to intervene and preserve their pay. Due to the COVID-19 pandemic, the textile sector in many emerging nations suffered significant losses, which decreased the demand for fabrics and hindered market expansion until the second half of the century. The market value might not catch up to the pre-COVID-19 value until 2027.

Market Segments Covered in Report

By Product Type:

• Pre-Treatment Agents
• Dye-Stuffs
• Finishing Agents
• Softening Agents
• Anti-Foaming Agents
• Odour Absorbers
• Corrosion Inhibitors

By End Use:

• Apparel
• Home and Institutional
• Technical Textiles
• Digital Printing

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are Synthetic fibers projected to ensure the most revenue during the forecast period?

At 40.0 % of the market, Synthetic fibers had the greatest revenue share. Synthetic fibers are made from chemicals superior to natural fibers, such as cotton or silk. The most common types of synthetic fiber include polyester, acrylic, nylon, and rayon. Synthetic textiles can be more durable than natural fibers like cotton. Compared with raw materials such as cotton or paper, synthetic materials are more likely to be breathable and comfortable while providing other benefits such as better dyes, longer durability, and lower cost per gram.

Why is the textile industry segment expected to expand the fastest during the forecast period?

In 2021, The global textile industry was expected to witness an accelerating growth trend during the forecast period, resulting in a steady rise in revenues. Increasing demand for textiles and growing investments in the fashion and clothing sector are driving the market’s growth. Moreover, the rising usage of materials for fashion and clothing applications is estimated to drive market growth in the forecast period.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• In 2021, The Asia Pacific dominated the textile market in terms of revenue with a share of 45.6 % in 2020 and was projected to dominate the market during the forecast period. The region will benefit from increased production of textiles in emerging economies such as China, Japan, India, and South Korea.
• Demand for textile auxiliaries in North America is projected to increase at a moderate pace from 2021 to 2031. Investments by major players in producing fibers, fabrics, yarns, and non-apparel textile goods have been rising for the last few years. These are the key factors projected to boost the demand for textile auxiliaries in North America shortly.

Competition Analysis

Key players in the market have been aggressively investing in research and innovations to develop products for high-growth applications such as apparel and home furnishings. Further, they are also focusing on geographic expansions to bolster their stronghold in the market. Leading players are also acquiring other competitors to increase their consumer base.

Some of the key developments that have taken place in the Textile Auxiliaries Market include:

• In April 2022, A sustainable “Power Saving” strategy was established by Garmon Chemicals, a division of Kemin Textile Auxiliaries, to increase the effectiveness of garment-finishing procedures while lowering costs and resource usage.
• In Feb 2021, The Kemin Textile Auxiliaries business section of Garmon Chemicals introduced a new line of enzymes called Kemzymes. Kemzymes is a specially created enzyme for washing clothes, and the business was the first in the textile chemical industry to make its enzymes.

A list of some of the key suppliers present in the market are:

• Huntsman Corporation
• Solvay
• Tata Chemicals
• DyStar Singapore Pte Ltd.
• The Dow Chemical Company
• Akzo Nobel N.V.
• Evonik Industries AG
• Archroma Limited
• Zschimmer and Schwarz GmbH & Co KG
• Rudolph GmbH
• ChemDyes Sdn Bhd
• Oleon
• Fibro Chem LLC
• Covestro AG
• Camex Ltd.
• Fineotex Group
• Croda International Plc
• OMNOVA Solutions Inc.
• Kemin Industries
• Others

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.