DUBLIN--(BUSINESS WIRE)--The "Textile Finishing Chemicals Market by Type (Softening Finishes, Repellent Finishes, Wrinkle Free Finishes, Coating Finishes, Mothproofing Finishes), Process (Pad-Dry Cure Process, Exhaust Dyeing Process), Application , Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global textile finishing chemicals market size is expected to grow from USD 6.2 billion in 2019 to USD 8.2 billion by 2024, at a CAGR of 5.5% during the forecast period.
Increasing demand from various textile applications is expected to drive the textile finishing chemicals market
It is driven by various factors, such as high demand from the technical textile and home textile applications. The growth of these applications is likely to propel the market. However, stringent environmental regulations regarding the disposal of textile finishing effluents are likely to hinder the growth of the market.
The softening finishes type segment is estimated to drive the global textile finishing market during the forecast period
The global textile finishing chemicals market has been divided into 6 major types - softening finishes, repellent finishes, wrinkle-free finishes, coating finishes, mothproofing finishes, and others. The softening finishes segment is projected to be the largest and the fastest-growing type of textile finishing chemicals, globally during the forecast period. Softening finishes are commonly used because they assist textiles to attain softness, smoothness, flexibility, superior drape, and elastic properties. Moreover, softening finishes provides a refreshing fragrance as well as reduces the danger of germ invasion. These finishes reduce the wear and tear of the apparel and also provide shape retention, which further fuels the demand for textile softener finishes in the market. The growth is mainly attributed to the increasing use of softening finishes in the clothing textiles and home textiles.
The pad-dry cure process segment is estimated to drive the market during the forecast period
Based on the process, the textile finishing chemicals market has been segmented into three types - pad-dry cure process, exhaust dyeing process, and others. The pad-dry cure process is projected to be the largest and the fastest-growing process in the textile finishing chemicals market during the forecast period. It is a continuous high-speed process that saves time and cost. Also, this process can be used on all kinds of textiles and on a variety of finishing chemicals. Thus this process is the most common process of application for textile finishing chemicals.
The technical textile application is projected to register the highest CAGR during the forecast period
On the basis of application, the textile finishing chemicals market can be divided into four major types - clothing textile, home textile, technical textile, and others. The technical textile application is projected to be the fastest-growing application for textile finishing chemicals market during the forecast period. These textiles possess unique and special characteristics. Technical textiles are largely used in non-aesthetic applications such as transportation, automotive, medical & personal hygiene, industrial, packaging and sports. Technical textiles provide protection; the demand for protective clothing has increased not only because of industrialization but also because of the increased level of awareness of health & safety and hygiene. All these factors are boosting the growth of technical textile applications in the textile finishing chemical market.
The textile finishing chemicals market in APAC is expected to record the highest growth during the forecast period
APAC is projected to be the largest and the fastest-growing region for textile finishing chemicals market, globally during the forecast period. The emerging economies of APAC, such as China, India, Bangladesh, Vietnam, and Indonesia, play a major role in the growth of the textile finishing chemicals market. The expansion of the textile industry and the rising awareness of consumers toward fashion and quality apparel will drive the market of this region during the forecast period. Moreover, there is increasing competition among emerging markets such as Vietnam, Indonesia, and Bangladesh. The textile finishing chemical market in APAC is projected to register the highest CAGR due to the growing economy, increasing textile exports, the presence of huge textile manufacturers, and low labor costs.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the global textile finishing chemicals market and its sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses in a better way and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Fabric Finishing Chemicals Market
4.2 Fabric Finishing Chemicals Market, By Type
4.3 Fabric Finishing Chemicals Market, By Type and Region
4.4 Fabric Finishing Chemicals Market, By Application
5 Market Overview
5.2 Market Dynamics
5.3 Porter's Five Forces Analysis
6 Fabric Finishing Chemicals Market, By Type
6.2 Softening Finishes
6.3 Repellent Finishes
6.4 Wrinkle-Free Finishes
6.5 Coating Finishes
6.6 Mothproofing Finishes
7 Fabric Finishing Chemicals Market, By Process
7.2 Pad-Dry Cure Process
7.3 Exhaust Dyeing Process
8 Fabric Finishing Chemicals Market, By Application
8.2 Clothing Fabric
8.3 Home Fabric
8.4 Technical Fabric
9 Fabric Finishing Chemicals Market, By Region
9.4 North America
9.5 South America
9.6 Middle East & Africa
10 Competitive Landscape
10.2 Market Ranking Analysis
10.3 Competitive Scenario
11 Company Profiles
11.1 Huntsman Corporation
11.2 Wacker Chemie AG
11.3 The Dow Chemical Company
11.6 Evonik Industries AG
11.9 Tanatex Chemicals
11.10 Dystar Singapore PTE Ltd.
11.11 Rudolf Gmbh
11.12 Bozzetto Group
11.13 Other Company Profiles
11.13.1 Celanese Corporation
11.13.2 ORA Chem
11.13.3 Ethox Chemicals
11.13.4 Chungyo Chemicals
11.13.5 Resil Chemicals
11.13.6 CHT Group
11.13.7 Omnova Solutions
11.13.8 Croda International PLC
11.13.9 The Chemours Company
11.13.10 The Seydel Companies, Inc.
11.13.11 Fineotex Chemical Limited
11.13.12 Ht Fine Chemicals Co. Ltd
11.13.13 Clariant AG
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