TRENDS AND OPPORTUNITIES OF TEXTILE FINISHING CHEMICALS MARKET 2018-25 BY TYPE OF CHEMICAL, APPLICATION, GEOGRAPHY

Press Release - 11 June 2018
Research and Development News --
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Latest Update "Textile Finishing Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" with Industries Survey | Global Current Growth and Future.
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Textile finishing chemicals provide desirable end-use properties to the product. These chemicals help change or improve the surface characteristics of the fiber, according to the desired application. Textile chemicals are been applied on fibers, yarns and textile materials to improvise its properties. These chemicals make the textile product durable, attractive, and resistant to certain environmental factors. The various textile finishing chemicals that are available in the market are dyes, dye-protective agents, surfactants, dispersing agents, pH regulators, etc.
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Based on chemical type, the textile finishing chemicals market can be segmented into textile auxiliaries, textile colorants, and textile finishes. Textile auxiliaries are chemicals that cover a major range of functions. These chemicals help textile in self- cleaning, smoothing, and improving its easy care properties. Examples of textile auxiliaries include complexing agents, surfactants, wetting agents, and dispersing agents. Textile colorants are chemicals that help in coloring protecting textiles and making them attractive. Examples of textile colorants include dyes, dye-protective agents, fixing agents, pH regulators, and UV absorbers. Textile finishes are chemicals that are utilized to attain very specific properties in the material. Examples of textile finishes include antimicrobial agents, binders, and UV stabilizers.

Based on method of application, the textile chemicals market can be segregated into exhaust application and pad-dry cure application. The pad-dry cure application is the most widely utilized method for application of finishing chemicals to textiles. In the exhaust application method, chemicals with a strong affinity to fibers are applied over the textile by the exhaustion process. Chemicals with low affinity for fibers are applied by pad-dry cure application. This process involves padding with chemical solution, squeezing, drying, and curing for fixation. There are two types of pad-dry cure application methods. One for wet fabric and the other for dry fabric. In the pad-dry cure application method for dry fabric, the fabric is passed through the chemical finish solution. In the pad-dry cure application method for wet fabric, finishing chemicals are directly applied on the wet surface of the fabric to avoid the cost of drying after dyeing.

Asia Pacific accounted for a major share of the global textile finishing chemicals market in 2016. Rising standard of living across the region along with the increased consumption of textiles for various applications is projected to boost the market in the region. Demand for textiles in China and India is increasing, which is estimated to drive the market in the region. Rapid urbanization, rising population, and increasing demand for various products such as footwear, sports apparel, and other sports and leisure products in developing nations are key factors that are anticipated to fuel the market during the forecast period. The expanding industrial and manufacturing sectors in Asia Pacific are boosting the market. Rising penetration in transportation and protective clothing applications, due to the presence of numerous manufacturing companies in the country, is anticipated to drive the textile finishing chemicals market in China.

The market in Asia Pacific is estimated to expand at a high growth rate due to expansion of chemical, automotive, and healthcare industries in South Korea, India, and Malaysia. North America accounted for the next major share of the global textile finishing chemicals market in 2016, followed by Europe. Increased demand for advanced automotive interiors is anticipated to support the demand for textile finishing chemicals during the forecast period in North America and Europe. Implementation of standardized safety protective measures for workers associated with industrial operations and usage of safety packages in rescue and swimming purposes are anticipated to drive the protective clothing market, where textile finishing chemicals find major application Latin America and Middle East & Africa account for a minor share of the global market. The share of the region is anticipated to rise at a steady pace in the near future.
- Key manufacturers operating in textile finishing chemicals market include Sumitomo Chemicals Co. Ltd., BASF SE, Bayer AG, Dow Chemical Company, and Huntsman International LLC.
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