Silicone Solutions for Leather & Textiles Market Size, Share & Trend Analysis Report By Application (Textile, Leather), And Segment Forecasts, 2019 - 2025

Industry Insights

The global silicone solutions for leather & textiles market size was estimated at USD 555.2 million in 2017. Rising product innovation in terms of new apparel and accessories in the fashion industry is anticipated to propel the demand for silicone-based chemicals in clothing and textile applications.

Affordable fashion and customization in the apparel segment have become the key factors in improving apparel sales. Therefore, ever-growing product differentiation and evolving retailer trends to best serve the challenging consumer demands are expected to drive the silicone-based chemicals market in the apparel industry over the forecast period.

Apparel is one of the significant applications in the textile & leather market. The fabrics in the apparel industry are treated with chemicals to impart specific features such as stain resistance, wrinkle resistance, soft finish for fashion apparels, antimicrobial properties, and sweat absorbency as well as extra comfort & performance for activewear and sportswear.

With respect to this, ascending demand for apparel in China, Brazil, India, Russia, and Argentina is projected to result in high demand for textile chemicals over the next nine years. Nowadays, consumers prefer to buy apparel that matches their status and lifestyle and suit their needs and aspirations.

Continuing further, customizing products according to the consumer requirements offers a high potential for apparel companies to improve the bottom line of business. Rising demand for customized solutions is likely to significantly boost the application of silicone in apparel production. This, in turn, is expected to drive the overall market over the upcoming years.

The growing consumption of hydrophobic and tear-resistant finishes in sports and activewear products is anticipated to spur the growth of silicone in the apparel market over the forecast period. Moreover, when treated with silicone-based chemicals, the product offers several performance properties such as long-lasting softness, lubricity, elasticity, and stretch recovery to cotton & cotton-blended fabrics.

Sluggish growth of the manufacturing sector in developed economies including Germany, France, and the UK, as a result of rising utility expenditure, is projected to shrink the market size of textile in technical or industrial applications.

However, increasing importance of EHS systems in the manufacturing sector on account of the establishment of stringent regulations aimed at worker safety and reporting incidents in offshore industries including oil & gas and mining is likely to increase the demand for personal protective clothing.

The penetration of organized retail and rising disposable income levels have promoted apparel shopping trends. Development in the building & construction industry is expected to continue to propel the demand for technical textiles. These factors are projected to boost the growth of silicon-based chemicals in the technical textile market over the coming years.

Application Insights

On the basis of application, the industry can be segmented into leather and textile. The leather industry held around 6.45% of the global share in terms of revenue in 2017. Silicone offers a shine/buffer effect of waxes/polishes for leather products. The demand for silicone in leather product polishing is likely to exhibit high growth on account of its eco-friendly, weatherproof, sustainable, and easy to clean properties.

Various applications using silicone coated faux leather products such as public transportation, interior & exterior design, and marine are expected to propel the overall market growth over the forecast period. Other industries including outdoor furniture and hospitality & healthcare are projected to further drive the growth of the silicone market owing to its antibacterial and mold-proof properties in leather fabrics.

The demand for silicone is projected to witness significant growth for a wide range of products such as protective clothing for motorcyclists and women’s stockings. Silicone coatings are especially beneficial for outdoor clothing owing to their waterproofing characteristics. Therefore, their demand in various clothing applications, such as trekking, hiking, and hunting gear, is likely to be driven over the coming years.

Regional Insights

In terms of region, Asia Pacific accounted for the largest share of the global market in 2017. The growing demand for textile and apparel and increased consumption of technical textiles are expected to propel the market growth over the forecast period. This scenario is likely to be reflected in key countries such as India, China, Japan, and Australia over the years ahead.

In addition, India is projected to be the fastest-growing consumer of the silicone solutions for the leather & textiles market in Asia Pacific. Growing population, increasing consumption of apparel, and increasing foreign investments are some of the major socio-economic factors that are likely to support the industry growth in the country.

Moreover, the rising use of polyester, acrylic fibers, and viscose for household, technical, and clothing applications is expected to drive the overall market demand in the country over the next few years.

The growing consumption of apparel in the U.S. is expected to result in increased consumption of silicone for application during various stages of fabric processing. Also, the increasing demand for technical textiles on account of their use in a broad range of applications including chemical, manufacturing, and medical is projected to augment the demand for silicone over the forecast period.

Silicone Solutions for Leather & Textiles Market Share Insights

The market is fragmented in nature due to the prominent share captured by regional and other small-scale players. The increasing number of regional market players, especially those based in Germany, India, and the U.S., is estimated to influence the competitive environment of the market over the forecast period. This scenario is likely to intensify the industry rivalry in the next couple of years.

High to moderate entry barriers owing to the difficulty in registration and large capital investment, are expected to maintain high competition among the industry participants. The companies are focusing on optimum business expansion by implementing various growth strategies. They are adopting strategic partnerships with regional players and providing technical expertise for manufacturing silicone-based products for the textile & leather industry.

Some of the key companies present in the industry are The Dow Chemical Company, Wacker Chemie AG, Lanxess, Momentive Performance Materials, Inc., and Elkem ASA, The CHT Group, Arihant Dyechem, Elkay Chemicals Pvt. Ltd., Siltech Corporation, and Shin-Etsu Chemical Co., Ltd.

Report Scope

Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global silicone solutions for leather & textiles market report on the basis of application and region:

• Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

  • Leather

  • Textiles

• Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • UK

    • France

    • Russia

    • Turkey

  • Asia Pacific

    • China

    • India

    • Japan

    • Bangladesh

    • Pakistan

    • Vietnam

  • Central & South America

    • Brazil

  • Middle East & Africa