Technical Textile Chemicals Market Size To Reach $12.43 Billion By 2030

Technical Textile Chemicals Market Growth & Trends

The global technical textile chemicals market size is expected to reach USD 12.43 billion in 2030 and is projected to grow at a CAGR of 4.8% from 2024 to 2030. Increasing penetration of technical textiles across various end-use industries such as medical, military, and transportation is expected to drive the global technical textile chemicals market. A positive outlook on the global automotive industry is also expected to have a positive influence on market growth over the next six years. Increasing industrial growth rate in emerging markets of China, India, Brazil, and Russia is further expected to complement the market growth. Volatile prices of key raw materials coupled with growing environmental concerns are expected to remain a key challenge for market participants.

Transtech emerged as the largest application segment and accounted for 25.1% of total market volume in 2013. The growth of the automotive industry particularly in BRIC nations coupled with the resurgence of the American automotive industry is expected to drive the market. Geotech is expected to witness the highest growth rate of 6.4% from 2014 to 2020. Growth of the geotextiles market particularly in Asia Pacific and Middle East is expected to remain a key driving factor for this segment.

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Technical Textile Chemicals Market Report Highlights

• Asia Pacific technical textile chemicals market dominated the market share with 54.9% in 2023. Increasing infrastructure spending coupled with the growth of the automotive industry particularly in emerging markets of China, India, Thailand, and Indonesia is expected to drive the regional market. Asia Pacific is also expected to witness the highest growth rate over the forecast period.

• Europe technical textile chemicals market is expected to grow at a significant growth rate over the forecast period

• Global technical textile chemicals market dominated by top multinational corporations, which have a presence across the value chain. Leading companies have been focusing on building new improved high-performance products using advanced technologies such as biotechnology, ink-jet printing process, and nanotechnology. Major market participants include Lonsen, DyStar Group, The Lubrizol Corporation, Kiri Industries, The Dow Chemicals Company, Sumitomo Chemicals, BASF SE, Huntsman Corporation, Bayer Material Science AG, Archroma, Clariant International, Omnava Solutions Incorporated, Solvay SA, and Kemira.

Technical Textile Chemicals Market Segmentation

Grand View Research has segmented the global technical textile chemicals market report based on application and region

Technical Textile Chemicals Application Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

• Agrotech

• Buildtech

• Geotech

• Medtech

• Miltech

• Packtech

• Protech

• Transtech

• Others

Technical Textile Chemicals Regional Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

  • Argentina

List of Key Players in Technical Textile Chemicals Market

• DyStar Singapore Pte Ltd

• The Lubrizol Corporation

• Dow

• Huntsman International LLC.

• Kiri Industries Ltd.

• Solvay

• Archroma

• BASF SE

• Sumitomo Chemical Co., Ltd.

• Evonik Industries AG