Textile Auxiliaries Market

Global Textile Auxiliaries Market Analysis and Opportunity Assessment by Product Type, End Use, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 3,650.0 Mn between 2022 and 2032

Category: Chemicals & Materials

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ID: CVC-00437

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Format: PDF+Excel Dataset

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Published Date: October 2022

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Pages: 300

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.

Textile Auxiliaries Market

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.
Research Scope Details
Forecast period 2022-2032
Historical data available for 2017-2021
Market analysis USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments covered By Product Type, End Use, and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request
  • Report Includes

    Market Size Data

    • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
    • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
    • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
    • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
    • Incremental dollar opportunity generated in the forecast period would be indicated
    • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

    Market Background

    • Macroeconomic factors that impact the market developments
    • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
    • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
    • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
    • Trade analysis and analysis of key supply and demand hubs
    • Identification of hotbed opportunities existing in the market
    • Porter’s and PEST analysis to understand the business environment of the geography
    • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

    Pricing Analysis

    • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
    • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
    • Cost teardown analysis and key factors impacting pricing

    Value Chain Analysis

    • Country-wise list of raw material suppliers
      • Raw material price trends and buyers’ sentiment
      • Overview of Intelligent Sourcing Technique
      • Raw material procurement requirements
      • Vendor selection criteria
    • Country-wise list of product manufacturers
    • Country-wise list of distributors/traders
    • Country-wise list of end-users
      • End-Users/Customers consumption mapping
      • Key End-Users/Customers client list
    • Country-wise list of other key channel partners
    • Average profitability margins
    • Regional value chain dynamics

    Competition Analysis

    • Market shares and production capacities of key players
    • Tier structure analysis of market
    • Comprehensive competition dashboard representing the top 10-15 players in the market
    • Individual company profiles of top 15 to 20 manufacturers
      • Business Overview
      • Product Portfolio
      • Key Financials
      • Recent Developments
      • SWOT Analysis
      • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.4%.

In the upcoming years, the growth of the auxiliary textile market is anticipated to be driven by growth in the automotive sector, particularly in emerging economies. To increase fuel efficiency, automotive manufacturers focus on using lightweight materials, such as technical textiles, on reducing vehicles’ overall weight.

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

Polyester production tends to be expensive compared to other raw materials due to the sharp rise in crude oil prices, which restrains the market’s expansion.

The Asia Pacific region is expected to account for the largest market revenue share in the Global Textile Auxiliaries market.

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