United States Textile Chemicals Market to Grow with a CAGR of 3.58% through 2029
Growth
in research and development activities is expected to drive the United States
Textile Chemicals Market growth in the forecast period, 2025-2029
According to TechSci
Research report, “Textile Chemicals Market – United States Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2019-2029F”,
the United States Textile Chemicals Market stood at USD 3.84 billion in 2023
and is anticipated to grow with a CAGR of 3.58% in the forecast period,
2024-2029. 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.
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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 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 SE
· Huntsman Corporation
· Archroma U.S., Inc.
· E.I. DuPont de
Nemours and Company
· 3M Company
· Lubrizol Corporation
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“United States Textile
Chemicals Market include technological advancements, driving innovation in
textile manufacturing processes, enhancing product quality, and meeting
regulatory standards. The growing demand for functional textiles, such as
waterproof and flame-retardant fabrics, boosts market growth. Sustainability
concerns prompt the adoption of eco-friendly chemicals and processes, fostering
market expansion. The increasing consumer preference for high-performance and
aesthetically appealing textiles fuels market demand. Economic growth,
urbanization, and rising disposable incomes contribute to the expansion of the
textile industry, further propelling the demand for textile chemicals in the
United States” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based management consulting firm.
“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, By Competition Forecast & Opportunities,
2019-2029F”, 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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