European Textile Chemicals Market: Size & Trends Shows a Rapid Growth by 2026
The European textile chemicals market is estimated to witness a modest CAGR of 2.9% during the forecast period (2020-2026). Europe has some of the most developed countries and is one of the biggest markets for textiles, which makes the region a lucrative market for textile chemicals. Major factors contributing to the growth of the textile space in Europe include changing consumers’ shopping behavior such as a rise in demand for organic textile & fabrics and rising disposable income, which spurred the demand for textile chemicals in the region.
Due to the outbreak of COVID-19, the region had to witness non-essential businesses closing in the 2nd quarter of 2020. Owing to such closures, the textile and apparel sectors took a severe hit with most of the brands putting a break to their manufacturing. This resulted in retail stores recording major losses, which had a negative impact on the overall textile chemicals industry in the region. However, the 4th quarter of 2020, witnessed the opening up of the textile industry, which resulted in the textile chemicals space gaining momentum slowly.
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Furthermore, fast fashion has proven to be a lucrative sector in the apparel industry. Growth in demand has been aided by children requiring regular clothing, as school uniform is not worn in Germany. Parents, therefore, look for fashionable clothing at affordable prices as they are required to spend money on a variety of other items. This has bolstered the demand for textile chemicals in the apparel manufacturing segment.
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Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- by Type and Application
- Countries Covered- UK, Germany, Italy, Spain, France, and Rest of Europe
- Competitive Landscape- AB Enzymes, Croda International PLC, Evonik Industries AG, Koninklijke DSM N.V., and Tanatex Chemicals B.V.
Europe Textile Chemicals Market Report Segment
By Type
- Colorants & Auxiliaries
- Coating & Sizing Chemicals
- Surfactants
- Desizing Agents
- Finishing Agents
- Others
By Application
- Apparels
- Automotive Textile Chemicals
- Home Furnishing
- Industrial Textile Chemicals
- Others
By Raw Material
- Synthetic (Polyester, Nylon)
- Cotton
- Wool & Cashmere
- Silk
- Rayon/Viscose
- Other
Europe Textile Chemicals Market Report Segment
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- AB Enzymes GmbH
- Achitex Minerva SpA
- Archroma
- Arkema SA
- Borealis AG
- CHT Germany GmbH
- Covestro AG
- Croda International PLC
- Evonik Industries AG
- Giovanni Bozzetto SpA
- INEOS AG
- KemiraOyj
- Koninklijke DSM N.V.
- LyondellBasell Industries N.V.
- Nouryon
- Rudolf GmbH
- Solvay SA
- Tanatex Chemicals B.V.
- Wacker Chemie AG
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