The North American textile chemicals market is anticipated to grow at a CAGR of 3.1% during the forecast period. High apparel demand, increasing environmental concerns, and favorable government regulations & trade agreements are the primary drivers of the textile sector in the region, which directly induces the demand for textile chemicals. Strong economy has been one of the major drivers for the boom in the textile industry in the US. The US is the world’s largest and most powerful economy, and it had a per capita income of $59,610 in 2018. The economy grew at a 2.0% pace during the April-June 2019 period. Furthermore, in third quarter of 2019, the economy grew by an annualized 1.9%. There were signs that the economy maintained a moderate pace of expansion as the year ended, supported by a strong labor market. The drastic outbreak of COVID-19 in the country has led to a downfall in the economic growth, owing to a fall in consumer spending and business shutdowns.

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The North American textile industry ranks third, after China and India, in the global market. It consists of yarns and fabric made from raw materials, such as cotton and manmade fibers. The textile industry in the region, overall, has shown a positive trend due to the growing technical textile demand from various end-user industries, such as automotive and industrial applications. The demand for technical textiles is expected to remain high in the coming years as well, due to growth in the global economy, which will result in an increased demand for textile chemicals in the region.

The North American textile chemicals market is segmented based on type, application, and raw material. Based on type, the market is classified into colorants and auxiliaries, coating & sizing chemicals, surfactants, desizing agents, finishing agents, and others. Based on application, the market is further classified into apparel, automotive textile, home furnishing, industrial textile, and others. In household textiles, the prospect for chemical textile is booming due to the growing fashion sensitivity of urban consumers toward home furnishings. Based on raw material, the market is fragmented into synthetic, cotton, wool & cashmere, silk, rayon/viscose, other.

Country-wise, the North American textile chemicals market is bifurcated into the US and Canada. Canada is projected to be the fastest growing market for textile chemicals across the region. The Canadian textile industry has shifted from traditional textile manufacturing to the production of technical and non-woven textiles in the past few years. The implementation of the US-Canada Free-Trade Agreement, 1989 and NAFTA in 1994, has increased the trade and economic integration of Canada with the US. Ontario and Quebec account for the largest textile clusters in Canada, with nearly 70.0% of all establishments, making the cities, the most prominent market for textile chemicals in the country.

Further, some of the major companies in the North American textile chemical industry include Apollo Chemical Company, LLC, Chevron Phillips Chemical Co, LLC; DuPont de Nemours, Inc. Fibro Chem, LLC; Huntsman International LLC, Marlin Company, Inc.; and Organic Dyes and Pigments. 

Research Methodology

The market study of the North American textile chemicals market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for chemical manufacturers, textile industry, raw material suppliers, traders, third-party distributors, importers, exporters, government organizations, regulatory bodies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and strategies adopted by them. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. North American Textile Chemicals Market Research and Analysis by Type
2. North American Textile Chemicals Market Research and Analysis by Application
3. North American Textile Chemicals Market Research and Analysis by Raw Material

The Report Covers

• Comprehensive research methodology of the North American textile chemicals market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American textile chemicals industry.
• Insights about market determinants that are stimulating the North American textile chemicals market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.