Revenue from the sales of textile auxiliaries is expected to be USD 11,058.6 million in 2024. The textile auxiliary market is slated to achieve USD 18,359.4 million by 2034. Over the assessment period, the market is anticipated to record a CAGR of 5.2%.
The textile auxiliary industry is up for a consistent rise in the next decade. With the booming textile sector, industries like auxiliaries also get ample opportunities to support the broad textile sector.
Auxiliary textile manufacturers are thus coming up with high-performing products that meet the evolving requirements of the textile sector. A key focus is also being given to environmental regulations, which are shaping the efforts of textile auxiliary vendors.
Empower Your Business With Valuable Insights. Request a Sample Industry Overview to Assess Market Potential and Drive Growth!
As manufacturers continuously balance between sustainability and performance, they are challenged as well as driven for innovation in the market. Further, in the evolving world of apparel, agile auxiliary producers are quickly adapting to the latest color trends and fabric types. This is helping them to match pace with the robust cycles in the fashion industry.
Going forward, key players are set to invest in the development of sustainable auxiliaries. For instance, CHT Group develops tailor-made and modern process and product solutions to boost technical textiles’ performance and functionality.
The product portfolio of the company consists of silicone-based and water-based coatings and finishing systems that facilitate new innovative functionalities. The company announced in March 2024, that it will be presenting sustainable auxiliaries at Techtextil. The event was held in Frankfurt. Such events aim to expose attendees to cutting-edge technologies in the industry.
Key Takeaways from the Textile Auxiliary Market Report
- The textile auxiliary market is projected to continue rising at a CAGR of 5.2% from 2024 to 2034.
- Pre-treatment agents are the leading product type, which is expected to account for 27.3% share of the global market.
- Apparel is the dominant end-use segment, which is projected to accumulate 51.4% of the global market share.
- The demand predictions for textile auxiliaries are significantly high in India, expanding at a 7.7% CAGR over the next decade.
- In China, the growth is estimated to surge at a 5.8% CAGR through 2034.
“Leading players focus on spreading their operations in emerging countries with high demand for textiles as opportunities for auxiliaries are rising in such nations,” says an analyst of Future Market Insights.
Competitive Landscape
Industry participants are following competitive strategies to enhance their game. For this, they are developing specialized auxiliaries to meet the specific requirements for various applications, like printing, finishing, and dyeing. Players are also acquiring and merging with other players to increase their footprint and gain access to each other’s expertise.
Participants are further increasing their footprint in emerging nations like China and India to generate high revenue. For this, they are strengthening their distribution channels to improve access to potential customers. Growing sustainability concerns are estimated to guide players’ strategies in the forecast period.
Latest Developments Shaping the Textile Auxiliary Market-
- In January 2024, Erca Group completed the business spinoff. This unit’s focus is to supply the textile industry with sustainable chemistry solutions. The company is famous as a distributor of textile chemical auxiliaries that use recycled vegetable oils.
- The latest Circular Textile Days 2024 will empower companies to showcase their sustainable products on a platform with a wide global reach.
Get in Touch with Our Sales Team to Secure Your Copy of the Report Now!
Leading Textile Auxiliary Brands
- 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
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides a thorough, detailed, and unbiased analysis of the global textile auxiliary market, presenting historical demand data for the years 2019 to 2023 and forecast statistics for the years 2024 to 2034.
The study provides compelling industry insights based on the product type (pre-treatment agents, dye-stuffs, finishing agents, softening agents, anti-foaming agents, odor absorbers, and corrosion inhibitors) and end-use (apparel, home and institutional, technical textiles, and digital printing) across several regions.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube