Textile Chemicals Market is Estimated to Witness High Growth Owing to Automation in Manufacturing

The global textile chemicals market
is a highly diversified industry comprising wide range of products such as
coating & sizing agents, colorants & auxiliaries, finishing agents,
surfactants, desizing agents and others. Textile chemicals are predominantly
used in the textile manufacturing process to impart desired functions and
performance to the fabrics.

The
global textile chemicals market size is expected to reach US$ 41.40 Bn by 2031,
from US$ 31.32 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of
4.8% during the forecast period.

Textile chemicals play a crucial
role in determining properties such as wrinkle resistance, shrinkage control,
water resistance and fabric handle. Textile chemicals like dyes and pigments
add aesthetic appeal whereas processing chemicals enhance performance
capabilities of fabrics such as easy care, durable press and stain resistance.
Growth in technical textiles and demand for sophisticated textiles from end use
industries are major drivers for the market.



Key Takeaways

Key players operating in the textile chemicals are Cisco System Inc., Schneider
Electric, Wipro Consumer Lighting, Avnet Inc., Crestron Electronic Inc.,
Honeywell International Inc., Inventronics Inc., Philips Lighting Holding
B.V.(Signify Holding), Legrand, Jaquar India. These key players are focusing on
developing bio-based and environment friendly textile chemicals to cater to the
rising demand for sustainability.



The Textile
Chemicals Market Demand provides opportunities for innovative chemicals
that can enable multi-functional and intelligent textiles. Nanotechnology based
finishings and polymer chemistry leads to development of smart textiles. Growth
in technical textiles and urbanization in developing countries will drive new
opportunities.



Automation in textile manufacturing through adoption of IoT solutions help
achieve cost and time efficiency. Process automation helps reduce manual errors
and improves quality. Data analytics enables real time process monitoring and
control. RFID systems track materials throughout the production cycle.

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Chemicals Market