Pune, India, August 2023, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Functional Textile Finishing Agents Market.
Market Research Future (MRFR) has published a cooked research report on the “Global Functional Textile Finishing Agents Market” that contains information from 2023 to 2032. The Global Functional Textile Finishing Agents Market is estimated to register a CAGR of 5.2% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the Global Functional Textile Finishing Agents Market— Zschimmer & Schwarz GmbH, Rudolf GmbH, CHT Group, Wacker Chemie AG, Evonik Industries AG, Tepar Tekstil Sanayi ve Ticaret A.S, DAIKIN INDUSTRIES, Tanatex Chemicals B.V., Sarex, NICCA CHEMICAL CO. and Nano Tech Chemical Brothers Private Limited.
Functional Textile Finishing Agents Market Highlights
The Global Functional Textile Finishing Agents Market is accounted to register a CAGR of 5.2% during the forecast period and is estimated to reach USD 1.26 Billion by 2032.
Global Functional Textile Finishing Agents Market" refers to the worldwide market that deals with functional textile finishing agents. These agents are chemical substances used in the textile industry to enhance the performance and properties of fabrics and textiles.
The demand for functional textile finishing agents is driven by various industries, including apparel, home textiles, automotive textiles, medical textiles, and industrial textiles. Consumers and industries alike seek textiles with improved performance, comfort, and durability, leading to a growing interest in functional finishing technologies.
Segment Analysis
The Global Functional Textile Finishing Agents Market has been segmented based on product and method.
On the basis of product, the market is segmented into hydrophilic agent, anti-static agent, softening agent, anti-bacterial agent and anti-slip agent. The repellents segment dominated the market, accounting for 35% of market revenue in 2022. Repellent compounds prevent water from penetrating materials while allowing humidity to flow.
Based on method, the market has been segmented into continuous processing, batch treatment and coating. The coating segment dominated the market, accounting for 44% in 2022. Continuous Processing is expected to grow significantly at a fast growth rate the during the projected timeframe.
Regional Analysis
The Global Functional Textile Finishing Agents Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Functional Textile Finishing Agents Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Functional Textile Finishing Agents Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Functional Textile Finishing Agents Market comprises of Middle East, Africa, and Latin America.
The North American region is a mature market for functional textile finishing agents. The demand in this region is driven by factors like technological advancements, increased awareness of sustainability, and growing applications in industries such as sportswear, automotive, and healthcare.
Europe is another significant market for functional textile finishing agents. The region's strict regulations regarding chemical usage and environmental protection have influenced the development and adoption of eco-friendly finishing agents.
The Asia-Pacific region is one of the most prominent and fastest-growing markets for functional textile finishing agents. The region's growing middle-class population, rising disposable incomes, and increasing demand for technical textiles have boosted the demand for functional finishing agents.
Furthermore, the rest of the world's Global Functional Textile Finishing Agents Market is divided into the Middle East, Africa, and Latin America. Latin America's market for functional textile finishing agents is relatively smaller compared to the regions mentioned above. However, the region shows potential for growth due to the expansion of the textile industry, particularly in countries like Brazil, Mexico, and Argentina.
Key Findings of the Study
- The Global Functional Textile Finishing Agents Market is expected to reach USD 1.26 Billion by 2032, at a CAGR of 5.2% during the forecast period.
- The North American region is a mature market for functional textile finishing agents. The demand in this region is driven by factors like technological advancements, increased awareness of sustainability, and growing applications in industries such as sportswear, automotive, and healthcare.
- Based on on method, the market has been segmented into batch treatment and coating holding the largest market in 2022.
- Zschimmer & Schwarz GmbH, Rudolf GmbH, CHT Group, Wacker Chemie AG, Evonik Industries AG, Tepar Tekstil Sanayi ve Ticaret A.S, DAIKIN INDUSTRIES, Tanatex Chemicals B.V., Sarex, NICCA CHEMICAL CO. and Nano Tech Chemical Brothers Private Limited.
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 160 |
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