North America Textile Chemicals Market Size, Share, Industry, Forecast and outlook (2024-2031)

North America Textile Chemicals Market is segmented By Type (Pretreatment Auxiliaries, Printing Auxiliaries, Finishing Auxiliaries, Others), By Application (Home Furnishings, Apparel Industries, Industrial, Others), and By Country (United States, Canada, and Mexico) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

North America Textile Chemicals Market Overview

The North America textile chemicals market is anticipated to register a CAGR of over 5.25% during the forecast period (2023-2030).

Textile chemicals are used to enhance a range of items, including furniture, textiles, and clothing. These chemicals differ in terms of colors, finishing techniques, surfactants, and application techniques. Synthetic and natural textiles both often employ textile chemicals. Natural fibers include cotton and wool, whereas synthetic fibres include viscose, polyester, and polyamide. 

In the next years, the North American textile chemical market is expected to increase at a significant rate due to factors such as rising demand from the garment sector, home furnishings industries, and technological improvements. Because technical textiles are used in so many different industries, such as the chemical, industrial, and medical ones, there is a sharp increase in demand for them. 

But in the future, this market's expansion could be hampered by the fierce competition North America faces from imported textiles made with cheap labor and low-cost infrastructure.

North America Textile Chemicals Market Scope

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North America Textile Chemicals Market Drivers

North America Textile Chemical Market is expected to register tremendous growth during the forecast Period.

The growth is mainly driven by technical advancements, increased demand for industrial fabrics, and the region's expanding textile and garment sectors. The previous US government announced the creation of a textile manufacturing innovation centre in Cambridge, Massachusetts, which would aid in the creation of textile industry employment while also increasing demand for textile chemicals in the area.

Tianyuan Garments Company, which would construct a garment plant in Arkansas and would mix visualization technology and robots across all phases of manufacture, is one such significant example emphasizing technical breakthroughs in the textile business. These factors will boost demand for the North American textile chemical industry in the future years.

Market Restraints

The textile chemicals industry is influenced by price fluctuations and the availability of substitutes. The North American region is the largest market for these chemicals, but the Asia-Pacific region is the fastest-growing, and future growth is anticipated in this region.  The exchange capacity of resins is limitless. The textile industry as a whole is experiencing the effects of the economic downturn, and as a result, growth opportunities have become extremely limited.

Impact of COVID-19 Pandemic on North America Textile Chemicals Market

North America, especially the USA is badly plagued by coronavirus in 2020. However, the Textile chemicals industry was one of the few industries that gained in this period. Investment in the healthcare sector has also improved its position. The PPE industry which has widespread implications for Textile chemicals, benefitted during this time, and this led to the growth in demand for the industry. The market will grow at a steady pace once the situation normalizes, which is expected to be after 2021.

North America Textile Chemicals Market Segmentation

The North America textile chemicals market is segmented by type into pretreatment auxiliaries, printing auxiliaries, finishing auxiliaries, and others; by application into home furnishings, apparel industries, industrial, and others; and by country into United States, Canada, and Mexico.

Based on Application: The apparel segment accounts for the largest market Share.

The apparel segment is projected to be the largest application segment during the forecast period. Increasing disposable income and growing population have led to a boost in the consumption of apparel, especially sportswear and casualwear. There is a huge demand for textile chemicals in the automobile sector also as textiles are used in the construction of truck covers, lashing belts for cargo tie-downs, seat belts, seat covers, etc.

North America Textile Chemicals Market Regional Insights

By region, the North America Textile Chemicals market is segmented into the United States, Canada, and Mexico.

The North American textile chemicals market is expected to grow at a CAGR of 3.1 per cent during the forecast period. High clothing demand, raised environmental concerns, and favorable government regulations and trade agreements are driving the region's textile market, all of which are boosting demand for textile chemicals. The healthy economy has been a primary driver of the textile industry's growth in the United States. With a per capita income of $59,610 in 2018, the United States has the world's largest and most powerful economy. The economy increased at a 2.0 per cent annual pace between April and June of 2019. 

On the other hand, the Canadian textile sector has shown a positive trend owing to rising technical textile demand from different end-user industries such as automotive and industrial applications. Because of the global economy's continuous expansion, demand for technical textiles is expected to remain high in the next years, resulting in increasing demand for textile chemicals in the area.

North America Textile Chemical Market Companies

The major companies operating in the North America textile chemicals market are Archroma, BASF, Bayer, Dow Chemical, and Huntsman.