The global scouring agent market size is expected to reach US$ 4.7 Billion in 2022 and US$ 8.4 Billion in 2032. It is anticipated to exhibit growth at an astonishing CAGR of 5.3% in the forecast period from 2022 to 2032. The ongoing development in the field of material science and the increasing spending by various companies in R&D activities are projected to augment the demand for scouring agents in future years.
Report Attribute | Details |
Scouring Agent Market Estimated Base Year Value (2021) | US$ 3.2 Billion |
Scouring Agent Market Expected Market Value (2022) | US$ 4.7 Billion |
Scouring Agent Market Anticipated Forecast Value (2032) | US$ 8.4 Billion |
Scouring Agent Market Projected Growth Rate (2022-2032) | 5.3% CAGR |
Scouring agent is a pollution-free, tasteless, and non-toxic white powder that is easily soluble in water. It is mainly referred to as a large number of auxiliaries with various functions of dispersing, emulsifying, wetting, washing, and penetrating in the scouring process before printing and dyeing.
These are capable of removing impurities and oil stains from the textile fibers. Some of the common scouring agents include alkali-resistant, sizing, wax removing, mercerizing, oil stains, and lubricating agents.
The increasing usage of these agents along with other alkali classes to decontaminate textiles is projected to bode well for the global market. The ability of these agents to make the fiber brighter and to prevent the production of white powder is another vital factor that is anticipated to drive the growth in this market.
The increasing usage of scouring agents in the textile industry for cleaning fabrics is set to bolster the market in the upcoming years. The ongoing development and innovation in the textile processing industry across the globe is also estimated to push sales of scouring agents.
These agents have various beneficial characteristics, such as excellent cleansing ability of wool and cotton. These contain abrasive powders of uniform size to accelerate the refinement process. Some of the innovative scouring agents have the ability to work with acids and enzymes.
Various chemicals are increasingly used in scouring agents during textile processing. Once the processes are complete, these chemicals need to be disposed of safely without harming the environment. Governments of various countries are thus implementing stringent norms to control the usage of chemicals in the textile industry. These factors may obstruct the scouring agent market share in the assessment period.
The presence of several textile manufacturing companies in emerging economies, such as India and China is likely to propel the Asia Pacific scouring agent market growth in the evaluation period. The rising import and export activities in the textile industry is another vital factor that is estimated to augur well for the regional market.
As per the India Brand Equity Foundation (IBEF), from April 2000 to March 2021, the textile industry in the country attracted Foreign Direct Investment (FDI) worth US$ 3.75 billion. In addition to that, in FY20, the production of raw cotton reached 35.4 million bales in India. This trend is expected to continue throughout the forecast period, thereby bolstering the Asia Pacific market.
The surging sales of scouring agents in Canada and the U.S. for pre-treatment of fabrics is expected to boost the North America market in future years. The rising population and the increasing need for superior cleaning properties in textiles are some of the other significant factors that are projected to drive the regional market.
According to the National Council of Textile Organizations (NCTO), in 2020, the U.S. textile industry supply chain employed approximately 529,600 workers and the government projected that one textile manufacturing job in the U.S. supports about 3 other jobs. In 2020, textile and apparel shipments in this country was worth US$ 64.4 billion. These numbers are set to surge at a rapid pace in the evaluation period, thereby fueling the North America market.
Some of the leading companies present in the global scouring agent market include The Dow Chemical Company, Evonik Industries AG, Huntsman Corporation, Viswaat Chemicals Limited, HT Fine Chemical Co., Ltd., Rung International, Indokemika Jayatama, Tata Chemicals, Organic Dyes and Pigments, Sarex, DyStar Singapore Pte Ltd., N. Chemical Industries, Fineotex Chemical Ltd., Archroma Limited among others.
Leading players are increasingly focusing on partnerships and collaborations with start-up companies to co-develop novel products to cater to the high demand from customers. A few other key players are striving to diversify their product portfolios and expand their manufacturing capacities to gain a large customer base across the globe.
Report Attribute | Details |
Growth Rate | CAGR of 5.3% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015-2020 |
Forecast Period | 2022-2032 |
Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
|
Regions Covered |
|
Key Countries Profiled |
|
Key Companies Profiled |
|
Customization | Available Upon Request |
By Type:
By Function:
By Region:
The global scouring agent market is anticipated to exceed US$ 8.4 Billion in 2032.
Asia Pacific is likely to lead the scouring agent market in the forecast period.
The Dow Chemical Company, Evonik Industries AG, Huntsman Corporation, Viswaat Chemicals Limited, and HT Fine Chemical Co., Ltd. are some of the renowned companies in the scouring agent market.
Explore Similar Insights
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.