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Textile Finishing Chemicals Market - By Product Outlook (Coating & Sizing Chemicals, Colorants & Auxiliaries, Finishing Agents, Surfactants, Desizing Agents, Bleaching Agents, Scouring Agents, and Yarn Lubricants), By Type (Softening Finishes, Repellent Finishes, Wrinkle Free Finishes, Coating Finishes, Mothproofing Finishes, and Others), By Process (Pad-Dry Cure Process, Exhaust Dyeing Process, and Others), By Application (Clothing Textile, Home Furnishing, Technical Textiles, and Others) & By Region (North America, Latin America, Europe, Middle East & Africa) – Industry Analysis on Size, Share, Growth, Trends & Forecast | (2023-2028)

Published: March, 2023
ID: 9488
Pages: 175
Formats: report pdf report excel report power bi report ppt

Textile Finishing Chemicals Market Size (2023-2028):

Textile Finishing Chemicals Market expanding from USD 9.8 billion in 2022 to get valued around USD 12.10 billion by 2028, growing at a CAGR of 7.28% over the forecast period of 2023-2028

Textile Finishing Chemicals are the chemicals that are used to achieve the desired textile property's finish. Several finishing techniques, such as bleaching and dyeing, are applied to the yarn prior to weaving these fabrics while the others are used for the grey cloth directly after it is woven or knitted. The rapid growth in the apparel industry, all around the world, is the major driver for the growth of the global textile finishing chemicals market. Also, rising disposable incomes among consumers coupled with the increased penetration of organized retails are fuelling apparel shopping globally, which is another considerable driver for the growth of the target market. In the textile industry, these textile chemicals get added while the fabric processing for imparting some specific features like sweat antimicrobial properties, absorbency, wrinkle resistance, desired texture, stain resistance, and finish in the fabrics.

However, concerns about the emission of various harmful substances, while the manufacturing processes are expected to become a risk for the environment and human health too. Further, the major challenge that the global textile finishing chemicals market is getting restraint is the contamination of water and the water shortage that is caused by a surge in the growth of the textile industry.

Drivers of the Textile Finishing Chemicals Market:

The high demand for technical fibers all around the world is the major driver for the growth of the Global Textile Finishing Chemicals Market. Moreover, the surge in the demand for home furnishings & its trends and clothing is a major booster for the growth of the target market over the coming years.

Restraints of the Textile Finishing Chemicals Market:

However, the growing implementation of stringent regulations in the environmental aspect regarding the disposal of these effluents of textile finishing is the major restraint that is likely to impede the development of the textile finishing chemicals market over the calculated period.

Opportunities in the Textile Finishing Chemicals Market:

Furthermore, the growing adoption of fabric finishes that are eco-friendly for the textile manufacturing processes is the factor that was estimated to create lucrative opportunities for the expansion of the players of the target markets in the near future.

TEXTILE FINISHING CHEMICALS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022-2028

Base Year

2022

Forecast Period

2023-2028

CAGR

7.28%

Segments Covered

  • By Product
  • By Process Type
  • By Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

  • North America
  • Europe
  • Asia Pacific 
  • Latin America
  • Middle East & Africa

Market Leaders Profiled

Huntsman Corporation (US), Wacker Chemie AG (Germany), The Dow Chemical Company (US), Archroma (Switzerland), Evonik Industries (Germany), Dupont (US), Solvay SA (Belgium), Tanatex Chemicals B.V (The Netherlands) and Dystar Singapore PTE Ltd. (Singapore)

 

Textile Finishing Chemicals Market

Textile Finishing Chemicals Market Segmentation:

Textile Finishing Chemicals Market – By Product:

  • Coating & Sizing Chemicals

  • Colorants & Auxiliaries

  • Finishing Agents

  • Surfactants

  • Desizing Agents

  • Bleaching Agents

  • Scouring Agents

  • Yarn Lubricants

The Colorants & Auxiliaries segment is sub-segmented into Dispersants/levelant, Fixative, UV absorber , and others. The Finishing Agents segment is divided into Repellent and release, Flame retardants, Antimicrobial or anti-inflammatory, and others. And the Surfactants segment is sub-segmented into Wetting Agents, Detergents & Dispersing Agents, Emulsifying Agents, and Lubricating Agents.

Textile Finishing Chemicals Market – By Type:

  • Softening Finishes

  • Repellent Finishes

  • Wrinkle Free Finishes

  • Coating Finishes

  • Mothproofing Finishes

Textile Finishing Chemicals Market – By Process:

  • Pad-Dry Cure Process

  • Exhaust Dyeing Process

Textile Finishing Chemicals Market – By Application:

  • Clothing Textile

  • Home Furnishing

  • Technical Textiles

Among these, the Clothing Textile segment is sub-segmented into Sportswear, Outerwear, Innerwear, and Others. The Home furnishing segment is sub-segmented into Furniture, Drapery, Carpet, and Others. And the Technical textiles segment is sub-segmented into Agrotech, Buildtech, Geotech, Medtech, Mobiltech, Packtech, Protech, Indutech, and Others.

Textile Finishing Chemicals Market - By Region:

  • North America

  • Europe

  • Asia-Pacific

  • Latin America 

  • Middle East & Africa

In the regional analysis of the Global Textile Finishing Chemicals Market, North America occupied the dominant portion of the global business. The major factor supporting the growth of the market in this locale is the rising need for clothing in North America, which is boosting the consumption of textile chemicals over different phases of fabric processing. Also, due to the broad usage of these chemicals in various applications that includes chemical, manufacturing, and medical owing to the demand for technical textiles rapid growth is augmenting the growth of the Textile Finishing Chemicals Market. Also, this regional market is facing competition from imported textiles that are produced with low labor costs & inexpensive infrastructure. And the key issue in fabric Production is the cost of the production and quality of fabric textiles.

The regional textile finishing chemicals market in Asia-Pacific is estimated to grow in a significant way during the outlook period. The major factor that is driving this rapid growth of the target market in the Asia-Pacific region is the lower production costs of these chemicals coupled with the latest technologies in these product developments. Also, the presence of the country that is the largest consumer and producer of these textile chemicals, China is another area that is boosting the growth of the target market in Asia-Pacific. China exports most of its products to North America and Europe, which are developed markets. Further, the regulations by the governments of the countries in Asia being tolerant when compared to other regions are benefitting the chemical manufacturing industry in this region.

Recent Developments:

  • Apttus has announced that through its Apttus' Contract Lifecycle Management (CLM) solution, Huntsman Corporation has developed its legal operations, running its operations of contracting in a single data model by enabling a consistent view of contracts among the sales, finance, legal, and other groups of functions.

  • Archroma has announced the acquisition of BASF India Limited (BIL) by its India subsidiary based on stilbene OBA (optical brightening agents) business for powder and paper detergent applications.

Textile Finishing Chemicals Market Key Players:

The key players in the Global Textile Finishing Chemicals Market include

  1. Huntsman Corporation (US)

  2. Wacker Chemie AG (Germany)

  3. The Dow Chemical Company (US)

  4. Archroma (Switzerland)

  5. Evonik Industries (Germany)

  6. Dupont (US)

  7. Solvay SA (Belgium)

  8. Tanatex Chemicals B.V (The Netherlands)

  9. Dystar Singapore PTE Ltd. (Singapore)

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