Press Release

United States Textile Chemicals Market to Grow with a CAGR of 3.58% through 2028

Growth in research and development activities is expected to drive the United States Textile Chemicals Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “United States Textile Chemicals Market – By Region, Competition, Forecast and Opportunities, 2018-2028F”, the United States Textile Chemicals Market stood at USD3.84 billion in 2022 and is anticipated to grow with a CAGR of 3.58% in the forecast period, 2023-2028. The initiatives taken by government based on textile chemicals has led to favorable market conditions for the United States Textile Chemicals Market. Several factors contribute to the growth of various textile chemicals market products.  Per- and polyfluoroalkyl substances (PFAS) are a group of man-made chemicals that have been widely used in various industries, including the textile industry, due to their water- and stain-resistant properties. However, research has shown that these chemicals can have adverse health effects on both humans and the environment. Exposure to PFAS has been linked to issues such as hormone disruption, immune system dysfunction, and even certain types of cancer.

While there are currently no federal bans on the use of PFAS in textiles, several state governments have taken proactive measures to regulate their use. These legislations aim to protect both consumers and the environment from the potential risks associated with PFAS exposure. By implementing these regulations, states are sending a clear message about the importance of responsible manufacturing practices and the need to prioritize human health and environmental well-being.

The recent ban on PFAS in the United States has sparked a broader assessment of other toxic chemicals used in textiles. This assessment includes chemicals that are already restricted in various regions and may potentially face a global ban in the future. This indicates a growing trend towards more stringent regulation of harmful substances in the textile industry, with a focus on creating safer and more sustainable products.

By addressing the presence of harmful chemicals in textiles, the industry can move towards a more responsible and transparent approach to manufacturing. This not only safeguards the health and well-being of consumers but also contributes to the preservation of our environment for future generations.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "United States Textile Chemicals Market

 

In the United States, the growth of research and development (R&D) activities has made a significant impact on the textile chemicals market. The country is home to numerous textile and chemical companies that are heavily investing in R&D to create innovative, high-performance, and sustainable solutions.

These R&D initiatives have resulted in the introduction of advanced textile chemicals that enhance the functionality of textiles while also reducing their environmental impact. For example, the development of water- and stain-resistant chemicals has brought about a revolution in the apparel industry, and advancements in flame-retardant chemicals have greatly improved safety standards.

The United States Textile Chemicals Market is segmented into product, application, regional distribution, and company.

Based on its product, the coating & sizing chemicals segment held the largest share in the market. With the growing emphasis on sustainability in the textile industry, there has been a significant increase in the demand for eco-friendly coating and sizing chemicals. These innovative chemicals play a crucial role in reducing the environmental impact of textile production by minimizing waste and pollution. By incorporating these eco-friendly solutions, textile manufacturers can contribute to a more sustainable future while meeting the rising consumer demand for environmentally friendly products. As a result, these eco-friendly coating and sizing chemicals have gained immense popularity and are now widely recognized as a key component in the market's shift towards more sustainable practices.

Based on region, Midwest segment is expected to grow during the forecast period.

The Midwest's strategic geographical location plays a vital role in the textile chemicals market. Situated centrally, it serves as an ideal hub for efficient distribution and logistics. This advantageous central position not only enables easy access to raw materials and markets but also enhances the region's capability to dominate the textile chemicals market. With its convenient connectivity and proximity to key resources, the Midwest establishes itself as a powerhouse in this industry, fostering growth and driving innovation in textile chemical production and trade.

 

Major companies operating in United States Textile Chemicals Market are:

  • The Dow Chemical Company
  • BASF Corporation
  • Huntsman Corporation
  • Archroma U.S., Inc.
  • E.I. DuPont de Nemours and Company
  • 3M Company
  • Lubrizol Corporation

 

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“Growing application of textile chemicals in various end user industries are key drivers of the textile chemicals market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of textile chemicals with every passing year are anticipated to register an impressive growth to United States Textile Chemicals Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Textile Chemicals Market By Product (Coating & Sizing Chemicals, Colorants & Auxiliaries, Finishing Agents, Surfactants, Others), By Application (Apparel, Home Furnishing, Technical Textiles, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of United States Textile Chemicals Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States Textile Chemicals Market.

 

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Relevant Reports

United States Textile Chemicals Market By Product (Coating & Sizing Chemicals, Colorants & Auxiliaries, Finishing Agents, Surfactants, Others), By Application (Apparel, Home Furnishing, Technical Textiles, Others), By Region, Competition, Forecast and Opportunities 2018-2028

Chemicals | Dec, 2023

Growth in textile industry and surge in technological advancements are factors driving the United States Textile Chemicals Market in the forecast period 2024-2028.

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