Europe Textile Chemicals Market

Europe Textile Chemicals Market Size (2023-2028)

The Europe Textile Chemicals Market is expected to grow at a CAGR of over 3.2% during the foreseen period of 2023 to 2028.

Drivers and Restraints of the Europe textile chemicals market

Europe has seen rapid urbanization in the past few years and a lot of immigration. This has contributed to the growth of the textile chemicals market. Improvement and large investments in healthcare facilities are also other factors in improving demand. Pharmaceutical industries will boost the growing market. Textiles can also be used in flooring activities. The growth of the wind power sector in Europe countries is a major driving force for the Europe Textile chemicals market. This is because of the protective coatings provided by the polymers.
These resins come with reinforced polymers that are made up of composites derived from petroleum sources. They provide excellent strength and durability along with chemical resistance which is why they are preferred in the industrial segment. They also enhance the manufacturing processes, thereby inflicting excellent properties to the final finished product.

The textile chemicals industry in Europe is hindered by the availability of raw materials and fluctuation in prices. The powder coating segment is another drawback as many alternatives are available which prove to be much more cost-effective. Many textile chemicals are also termed as carcinogenic and thus pose a great risk of causing cancer to the workers, which is a serious threat to the industry.

Impact of COVID-19 on Europe Textile Chemicals Market:

Europe was an early hotspot for the coronavirus during the months of February to May. Amidst this UK, Germany, Spain, Italy, and France prepared themselves for the search for vaccines. In this process, the Textile chemicals industry was one of the few industries that gained some profits. Investment in the healthcare sector has also improved its position. Despite the increased demand from the healthcare sector, the natural fibers sector saw subdued growth as the shopping activities for clothing, etc., stopped during the pandemic. The market is currently in the recovery stage and the normal range is expected by 2022.

EUROPE TEXTILE CHEMICALS MARKET REPORT COVERAGE:

Market Segmentation:

Europe Textile Chemicals Market On the basis of Fiber Type:

• Natural

• Synthetic

Europe Textile Chemicals Market On the basis of the Product:

• Colorants & Auxiliaries

• Finishing Agents

• Coating & Sizing

• Surfactants

Europe Textile Chemicals Market On the basis of End-Use:

• Apparel

• Home Furnishing

Textile chemicals in terms of application are extensively in protective coating applications. They play vital roles in various industries including power and chemical & petrochemical, among which the power industry is one of the major consumers of Textile chemicals. Coating and sizing chemicals account for roughly 30% of the total market.

The synthetic fiber market in Europe is growing rapidly; the dyeing and finishing industry is prospering by introducing brilliantly colored fabrics. Very few of these fabrics are pure cotton, the majority of them are blended materials. The blending processes become smoother with better chemicals and thus it provides a great opportunity for the textile chemicals industry.

Geographical Overview And Regional Presence:

• France
• Spain
• Germany
• Italy
• Russia
• Sweden

In the United Kingdom, dye & dyestuff dominated the Europe textile chemical market in the later stages of the 2010 decade. The dyeing process was widely used in textile products such as fibers, yarns, and fabrics. It is usually done in a unique solution containing dyes and particular chemical material. After dyeing, dye molecules have an uncut chemical bond with fiber molecules. Germany, Italy, and Spain were also key consumers of the textile chemicals

Recent Developments:

• In July 2020, Dow introduced sustainable packaging in the form of INNATE TF polyethylene resins for Biaxial orientation. This answers the industrial questions regarding high performance.

• In December 2019, Olin Corporation announced that it plans to permanently close all the chloralkali plants amounting to a capacity of 230,000 tons, which is supposed to finish by 2020.

Key Players Operating in the Europe textile chemicals market are:

• CHT Group
• Archroma
• Olin Corporations
• Hexion
• Huntsman International LLC