The global textile chemicals market is estimated to be valued at US$ 22.92 Billion in 2022 and is projected to increase at a CAGR of 3.2% in the forecast period from 2022 to 2032.
The field of textile chemistry applies chemistry principles to various levels of textile and apparel manufacturing, making it a highly specialized field. The field of textile chemistry consists mainly of dyeing, finishing, fibers, and polymers, as well as material science combining with textiles. The textile and apparel industries have incorporated textile chemistry into a pivotal role due to consumer demands for enhanced quality and functionality.
As part of the manufacturing process, textile chemicals play a crucial role, from fiber pretreatment to finishing textiles. In addition to defining the efficiency of textile manufacturing as well as the quality of finished products, different textile chemicals can serve multiple or unique functions. Furthermore, these chemicals can extend the use of textile products in a variety of settings.
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What are the World’s Top 10 Companies in the Global Textile Chemicals Market?
- Allied Industrial Corp. Ltd
- LANXESS
- Huntsman Corporation
- Sumitomo Chemical
- BASF SE
- Kiri Industries
- DowDuPont Inc.
- Bozzetto Group
- Archroma International
- Dystar Group
What is the Competition Landscape in the Global Textile Chemicals Market?
Some of the leading companies operating in the global textile chemicals market include Allied Industrial Corp. Ltd, LANXESS, Huntsman Corporation, Sumitomo Chemical, BASF SE, Kiri Industries, DowDuPont Inc., Bozzetto Group, Archroma International, Dystar Group
- Allied Industrial Corp. Ltd
In the past, it produced and sold cigarette filters, nylon, and polyester fibers, but since 1979 it has focused on disperse dyestuff and developed gradually. The company was initially formed to manufacture and sell cigarette filters, nylon and polyester fibers. Taiwan’s primary supplier of disperse dyestuffs, Allied Industrial Corp, Ltd, ranked among the world’s leading chemical manufacturers, and became the first dye stock to be listed on the OTC in Tai-wan in 1995.
- LANXESS
Rubber, plastics, specialty chemicals, and intermediates are offered by LANXESS, which operates 52 manufacturing plants across the globe and provides products for various markets, including agriculture, polymers, pigments, paints, automobiles, and construction. The company operates 52 manufacturing plants worldwide. Performance polymers, advanced intermediates, and performance chemicals are the three segments of the company’s business operations.
- Huntsman Corporation
Founded in 1963, Huntsman Corporation manufactures and distributes a wide range of chemical products for the consumer and industrial markets. With headquarters in The Woodlands, Texas and executive offices in Salt Lake City, Huntsman manufactures polyurethanes, performance products, and pigments for a variety of customers, including BMW, GE, Chevron, Procter & Gamble, and Unilever.
- Sumitomo Chemical
As a multinational Japanese company, Sumitomo chemical produces chemical substances. It is a part of Sumitomo Corporation, founded in 1925. As a result, farmers are able to increase their crop production volume with pesticides, fertilizers, and crop protectors made by the company. As a manufacturer of chemicals such as plastics, energy materials, pharmaceuticals, and IT-related chemicals, Sumitomo Chemicals produces a wide variety of chemicals.
Key Questions answered by the Report:
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