Functional Textile Finishing Agents Market Share

Global Functional Textile Finishing Agents Market Overview

Functional Textile Finishing Agents Market Size was valued at USD 0.84 Billion in 2023. The Functional Textile Finishing Agents industry is projected to grow from USD 0.88 Billion in 2024 to USD 1.26 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.53% during the forecast period (2024 - 2032). The growing use of functional textiles in manufacturing clothing and upholstery, along with the booming textile sector in emerging economies, are the key market drivers contributing to market growth and expansion.Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Functional Textile Finishing Agents Market Trends

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  The growing textile sector in emerging economies is driving market growth.

  
  

The Market CAGR for functional textile finishing agents is driven by the rising textile sector in emerging economies. Growing per capita spending flow and a booming synthetic assembling sector in emerging nations are the primary factors shaping the beneficial material completing expert's market trends. Because workers in this industry are at risk of fire, the increased interest in synthetic materials and petroleum products will accelerate the acceptance of material-completing synthetic compounds with flame-resistant capabilities. However, implementing rigorous criteria to limit the number of synthetic compounds contained in finished material items may cause a delay in the business perspective over the estimated timeframe.

Additionally, organizations encircled by the functional textile completing agent’s sector are increasingly attracted by beginning methods such as targeted advertising and CSR programs. An unmistakable trend that can be discovered regardless of how one examines it is that these organizations now expect to deal with a specific business-related activity in a nation that offers perfect ways. This enables these specific organizations to cut expenses while utilizing industry professionals for each essential crossroads of their unique association. Worldwide performing fabric finishing producers are implementing new technologies to improve clothes to fulfill rising customer demands based on end-use parameters. The application of performance finishing decides the good's final application and helps extend its shelf-life.

The innovative COVID pandemic has caused monetary contraction and exchange disruptions across firms, particularly material trade. According to the Textile Textiles Export Promotion Council, the supply of material and clothing decreased by roughly 13% in 2020-2021 compared to the previous year. This particular factor has negatively influenced the constant expansion of the practical substance-completing experts' sector during the most recent period. Nonetheless, the massive increase in supplies of PPE during the epidemic to protect against transmission and other microbial expertise may help businesses recover quickly.

For instance, according to the United States National Federation of State High School Associations, 973,792 males participated in football during the academic year 2021-2022, while 456,697 girls participated in track and field. Because cooling, sweat absorption, and quick drying are some of the most important functional needs for high-activity sportswear, the use of temperature-regulating materials and functional fabric treatments is expected to skyrocket. Thus, it is anticipated that demand for Functional Textile Finishing Agents will increase throughout the projection timeframe due to the rising textile sector in emerging economies. Thus, driving the Functional Textile Finishing Agents' market revenue.

Functional Textile Finishing Agents Market Segment Insights

Functional Textile Finishing Agents Product Insights

The Functional Textile Finishing Agents market segmentation, based on product, includes repellents, flame-retardants, hydrophilic agents, anti-static agents, softening agents, anti-bacterial agents, anti-slip agents, and UV protective. The repellents segment dominated the market, accounting for 35% of market revenue (USD 0.3 Billion) in 2022. Repellent compounds prevent water from penetrating materials while allowing humidity to flow. Flame retardants are expected to grow and expand significantly during the projected timeframe.

Functional Textile Finishing Agents Processing Method Insights

The Functional Textile Finishing Agents market segmentation, based on processing method, includes continuous processing, batch treatment, and coating. The coating category generated the highest revenue income of about 44% (USD 0.4 billion) in 2022. Continuous Processing is expected to grow significantly at a fast growth rate the during the projected timeframe.

Figure 1: Functional Textile Finishing Agents Market, by Processing Method, 2022 & 2032 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Functional Textile Finishing Agents Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Functional Textile Finishing Agents market area will dominate this market, owing to Strict recommendations related to current labor security are one of the major factors driving the interest in defensive garments and, therefore, resistant to fire and anti-static experts, which will boost the market growth in this region.

Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Functional Textile Finishing Agents Market Share by Region 2022 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe region’s Functional Textile Finishing Agents market is expected to grow and expand rapidly during the projected timeframe due to the growth of important end-use businesses that employ functional materials, such as medical treatment, automobiles, protective clothing, individual consideration, and consumer goods. Further, the German Functional Textile Finishing Agents market holds the largest market share, and the UK Functional Textile Finishing Agents market is expected to grow and expand quickly in the European region during the projected timeframe.

The Asia-Pacific Functional Textile Finishing Agents Market accounts for the second-largest market share during the projected timeframe. The expansion of the area's material sector and the growing acceptance of new materials are expected to drive overall market growth. Moreover, China’s Functional Textile Finishing Agents market dominates the market share, and the Indian Functional Textile Finishing Agents market is expected to grow and expand steadily in the Asia-Pacific region during the projected timeframe.

Functional Textile Finishing Agents Key Market Players & Competitive Insights

Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and product lines, which will help the Functional Textile Finishing Agents market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with important market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Functional Textile Finishing Agents industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.

Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the key business strategies organizations use in the Functional Textile Finishing Agents industry to benefit customers and capture untapped market share and revenue. The Functional Textile Finishing Agents industry has recently offered significant advantages to the textile industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially. Major players in the Functional Textile Finishing Agents market, including Huntsman International LLC (US), Zschimmer & Schwarz GmbH (Germany), Rudolf GmbH (Germany), CHT Group (Germany), Wacker Chemie AG (Germany), Evonik Industries AG (Germany), Tepar Tekstil Sanayi ve Ticaret A.S (Turkey), DAIKIN INDUSTRIES, Ltd (Japan), Tanatex Chemicals B.V. (The Netherlands), Sarex (India), NICCA CHEMICAL CO., LTD (Japan), Nano Tech Chemical Brothers Private Limited (India), and Zydex Industries (India), are attempting to expand market share and demand by investing in research and development (R&D) operations to produce sustainable and affordable solutions.

Rudolf GmbH sells textiles and chemicals. Pretreatment, coloring, completing, and coating goods are available from the company. It sells to the fabric, covering, and building sectors. They service consumers all across the world. Their major business provides various industrial chemical products and services that boost creativity and sustainability throughout the textile value chain. In June 2021, The Rudolf Group decided to consider this type of trash an "important asset." Cycle-Logic is a unique brand and item family within the Rudolf Group's layout of synthesized configurations that transform polyethylene terephthalate into substance science, offering plastic that would otherwise wind up in a landfill a second shot at life

Huntsman Textile is a leading producer of textile solutions, providing dependable functionality and superior quality through its broad array of high-performance products. They provide more transparency in the textile supply chain, adding value to manufacturing facilities, brands, customers, and other stakeholders today while contributing to a more vibrant planet. Huntsman Textile Effects, in November 2021, announced that it would bring to the Performance Days Electronic Fair its complete start-to-finish setup of outstanding performance solutions for sportswear.

Key Companies in the Functional Textile Finishing Agents market include

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  Huntsman International LLC (US)

  
  


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  Zschimmer & Schwarz GmbH (Germany)

  
  


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  Rudolf GmbH (Germany)

  
  


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  CHT Group (Germany)

  
  


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  Wacker Chemie AG (Germany)

  
  


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  Evonik Industries AG (Germany)

  
  


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  Tepar Tekstil Sanayi ve Ticaret A.S (Turkey)

  
  


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  DAIKIN INDUSTRIES

  
  


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  Tanatex Chemicals B.V. (The Netherlands)

  
  


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  Sarex (India)

  
  


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  NICCA CHEMICAL CO.

  
  


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  Nano Tech Chemical Brothers Private Limited (India)

  
  


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  Zydex Industries (India)

  
  

Functional Textile Finishing Agents Industry Developments

November 2021: Huntsman Textile Effects, a pioneer in intelligent fixes and environmentally friendly goods, has announced that it will bring to Performance Days Electronic Fair its comprehensive start-to-finish setup of outstanding performance solutions for sportswear.

June 2021: The Rudolf Group has decided to consider this type of trash an "important asset." Cycle-Logic is a unique brand and item family within the Rudolf Group's layout of synthesized configurations that transform polyethylene terephthalate into substance science, offering plastic that would otherwise wind up in a landfill a second shot at life.

Evonik delivers designed textile additives to end clients that enable the processability of clothes and fibers as well as the necessary standards of the finished textile item.

Functional Textile Finishing Agents Market Segmentation

Functional Textile Finishing Agents Product Outlook

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  Repellents

  
  


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  Flame Retardant

  
  


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  Hydrophilic Agent

  
  


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  Anti-Static Agent

  
  


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  Softening Agent

  
  


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  Anti-Bacterial Agent

  
  


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  Anti-Slip Agent

  
  


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  UV Protective

  
  

Functional Textile Finishing Agents Processing Method Outlook

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  Continuous Processing

  
  


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  Batch Treatment

  
  


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  Coating

  
  

Functional Textile Finishing Agents Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Russia
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Latin America
  
  
  
  • Brazil
  
  
  • Mexico
  
  
  • Argentina
  
  
  • Rest of Latin America
  
  
  
  


• MEA
  
  
  
  • GCC Countries
  
  
  • South Africa
  
  
  • Rest of MEA