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.
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.
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.
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.
REPORT METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
7.28% |
Segments Covered |
|
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 |
|
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) |
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.
Softening Finishes
Repellent Finishes
Wrinkle Free Finishes
Coating Finishes
Mothproofing Finishes
Pad-Dry Cure Process
Exhaust Dyeing Process
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.
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.
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.
The key players in the Global Textile Finishing Chemicals Market include
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)
Dystar Singapore PTE Ltd. (Singapore)
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