The demand for biodegradable and non-toxic Textile Binders is also rising by customers’ rising consciousness about environment-friendly and sustainable products
The global Textile Binders Market size was USD 3.45 Billion in 2022 and is expected to reach USD 5.13 Billion in 2032, and register a rapid revenue CAGR of 4.5% during the forecast period. Rising demand for Textile Binders from various end-use sectors, including textile, healthcare, automotive, construction, and packaging, is a key factor driving market revenue growth.
Advanced Textile Binders are increasingly necessary due to the rising demand for tough and effective fabrics in automotive and healthcare sectors. In addition, rising demand for environment-friendly and biodegradable Textile Binders is another key factor driving revenue growth of the market. The purpose of Textile Binders is to give fabrics and textiles qualities for bonding, stiffening, and shaping.
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Major Companies:
- Clariant AG
- BASF SE
- Akzo Nobel N.V.
- Arkema S.A.
- Dow Inc.
- Eastman Chemical Company
- Stahl Holdings B.V.
- Evonik Industries AG
- Wacker Chemie AG
- OMNOVA Solutions Inc.
Strategic Development:
- In 2021, Clariant AG announced that it had opened a new facility in Indonesia to meet the growing demand for its Textile Chemicals in the region. The new plant will produce a range of Textile Binders, finishing agents, and dyes.
- In 2021, Stahl Holdings B.V. announced that it had acquired Eagle Performance Products, a U.S. based manufacturer of specialty chemicals for the textile industry. The acquisition was aimed at expanding Stahl’s product offerings in the North American market.
- In 2020, BASF SE announced that it had developed a new bio-based binder for the textile industry. The new binder is made from renewable raw materials and offers a more sustainable alternative to traditional binders.
Key questions addressed in the report:
- What is the expected market size of the global Textile Binders market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Textile Binders market?
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Textile Binders Market Segmentation:
By Type Outlook:
- Acrylic
- Styrene-Butadiene latex
- Vinyl acetate Ethylene
- Others
By Application Outlook:
- Apparel
- Home Textiles
- Technical Textiles
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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