Functional Textile Finishing Agents Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4093
Functional Textile Finishing Agents Market size is increasing rapidly due to the surge in usage from fashion & clothing industry. Rising popularity of functional textiles in healthcare, sports & leisure, automotive and consumer goods industries will indirectly boost the demand for finishing agents in the near future. Functional textile finishing agents comprises of water-soluble polysiloxane with polyether and epoxy polyether lateral chains, combined with organic properties, i.e. antimicrobial & anti-bacterial substances, cross-linking agents and catalysts, which makes it suitable for textile finishing. Textile finishing process is a sequence of operations that is applied to the fabrics to improve their handling, appearance and functional properties such as resistance to UV, water, chemicals, odor and fire; the product softens the fabric and enhances color deepening. These finishes in the textile changes their internal performance and other properties of the fabric, thus corrects the inadequacies in the textile. Additionally, increasing consumer awareness for hygienic lifestyle; and the necessity for a wide variety of antimicrobial & anti-bacterial textile products will increase the product demand during the projected timeframe.
Increasing apparel sales with customization and affordable fashion in addition to evolving retailer trends and upsurge in product differentiation in the segment will drive the product market over the forecast period. Moreover, product usage in textile production will resist microbes, flame, crease and stains. These fabrics can be used by diverse industries, such as hospitals, defense, hotels, home textiles, etc. Beside this, functional textile finishing agents are also utilized in the production of other materials, such as surgical threads, sanitary materials, filtration materials, etc. Furthermore, rising demand of functional textile finishing agents in the production of industrial textiles, medical textiles, sportswear, household textiles, protective textiles and upholstery furniture for applications like flooring, cabinets, etc. will drive use of finishing agents in textile market.
Strict environmental guidelines related to the harmful impacts of chemicals may hamper the functional textile finishing agents market. This will limit their production and profit margin among suppliers and product manufactures. Likewise, its adverse effect on human health may deter the growth of the product for the projected timespan.
By type, functional textile finishing agents are classified into anti-microbial and anti-bacterial, repellent and release, flame retardant, temperature regulation and other that mainly includes durable press/wrinkle resistance, chemicals and stains. Rising demand for anti-microbial and anti-bacterial in addition to flame retardant and their property of providing resistance from chemicals and stains will surge the product demand in the coming years.
On the basis of textile type, functional textile finishing agents market is categorized into two main types i.e., natural and synthetic. The demand for textile products from natural and synthetic fibers such as wool, cotton, polyester and silk are growing as a result of comfort, aesthetic, and protection based applications from the end-use industries such as hospitality, furniture, healthcare, etc.
Asia Pacific is expected to grow with the significant CAGR in comparison to other regions. Growing demand for apparel in the region will lead Asia Pacific market. It is anticipated that countries like China, India and Japan will grow in finishing agents for functional textile market due to increasing population in the region. North America is also anticipated to perceive reasonable demand for functional textile finishing agents as a result of rising disposable income in the region and rising revenue contribution from textile to the economy in recent years will surge the product demand during the estimated period. Additionally, growing demand for smart and enhanced textiles from several end-use sector such as defense, healthcare, fashion, etc. will increase the functional textile finishing agents market size.
Some of the important players in functional textile finishing agents market share are BASF SE, Huntsman Corporation, Covestro, Sumitomo Chemicals, Archroma, The Dow Chemical Company, Evonik Industries, HT Fine Chemical, FCL, KAPP-CHEMIE, NICCA CHEMICAL CO., Ltd, CHT Group, Wacker Chemie AG, Tanatex Chemicals B.V., Zydex Industries, Sarex, OMNOVA Solutions, etc.
Functional Textile Finishing Agents Market, By Type, 2014-2025
- Anti-Microbial and Anti-Bacterial
- Repellent and Release
- Flame Retardant
- Temperature Regulation
Functional Textile Finishing Agents Market, By Textile Type, 2014-2025
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- BASF SE
- Huntsman Corporation
- Sumitomo Chemicals
- The Dow Chemical Company
- Evonik Industries
- HT Fine Chemical
- NICCA CHEMICAL CO., Ltd
- CHT Group
- Wacker Chemie AG
- Tanatex Chemicals B.V.
- Zydex Industries
- OMNOVA Solutions
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