The global textile chemicals market was valued at USD 20.67 billion in 2019 and is projected to reach USD 26.97 billion by 2027, expanding at a CAGR of 3.5% during the forecast period from 2020 to 2027. This growth is driven by rising demand for technical textiles, increased focus on sustainable processing, and innovations in chemical formulations used in textile manufacturing.

Rising popularity across textile and apparel industries and robust adoption of sustainable products may propel market growth. Fortune Business Insights™ presents this information in its report titled “Textile Chemicals Market, 2024-2032.”

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Segmentation Analysis:

• Colorant & Auxiliaries Segment to Dominate Owing to Extensive Consumption

By product type, the market is classified into coating & sizing chemicals, colorant & auxiliaries, finishing agents, surfactants, de-sizing chemicals, and others.

The colorant & auxiliaries segment is expected to dominate owing to its increasing applications. This factor is expected to dominate segmental growth.

• Apparel Segment to Dominate Owing to Increasing Apparel Production

Based on application, the market is trifurcated into apparel, home furnishing, and technical textiles.

The apparel segment is expected to dominate owing to rising apparel production. Further, the growing demand for textiles from the geriatric population may enhance market progress.

Regionally, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

List of companies profiled in the report:

• Archroma (Switzerland)
• Huntsman Corporation (USA)
• DIC Corporation (Japan)
• Kiri Industries Ltd. (India)
• Covestro AG (Germany)
• Omnova Solutions Inc. (USA)