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Textile Finishing Chemicals Market 2023-2032: Future Growth, Industry Trends And Major Players | Archroma, DuPont de Nemours Inc., Dystar Singapore Pte. Ltd., Evonik Industries AG, Huntsman Corporation
Textile Finishing Chemicals Market
The Business Research Company's Textile Finishing Chemicals Global Market Report 2023 identifies rapid growth in apparel industries as the major driver for the Textile Finishing Chemicals Market's growth in the forecast period. The apparel industry is referred to as sector that manufactures clothing designed or intended to be worn by any individual. The apparel industry uses textile finishing chemicals in textile finishing processes such as cutting, washing, dyeing, coating, and sewing of fabrics to create desired apparel or accessories such as footwear, outerwear, pants, and tops.
The global textile finishing chemicals market size is expected to grow from $7.61 billion in 2022 to $8.05 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global textile finishing chemicals market size is expected to grow to $9.95 billion in 2027 at a CAGR of 5.4%.
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Major competitors in the textile finishing chemicals market are Archroma, DuPont de Nemours Inc., Dystar Singapore Pte. Ltd., Evonik Industries AG, Huntsman Corporation, Solvay S.A., The Dow Chemical Company, Wacker Chemie AG, CHT Group, Hangzhou Chungyo Chem Co. Ltd., Clariant AG, Bozzetto Group, Celanese Corporation, Fineotex Chemical Limited, and Ht Fine Chemicals Co. Ltd.
A key trend in the Textile Finishing Chemicals Market includes technological advancement. Major companies operating in the textile finishing chemicals market are focused on developing technologically advanced products to strengthen their market position. For instance, in June 2022, Osmo Chemical Laboratories Pvt Ltd., an India-based specialty chemical manufacturer launched Silky SF, a cationic softener that enables an excellent softening effect on all kinds of textiles. The newly released item is affordable and gives the fabric a velvety feel. The product will be offered on the entire Indian and international market. All types of fabric, especially cotton, should be finished with Silky SF softener since it gives the cloth a smooth surface. The application of this finishing chemical gives the fabric's actual physical texture a soft, fluffy, soapy, voluminous surface. This finishing chemical can be applied using the exhaust and pad processes to boost the fabric's lubricity. Silky SF is a reasonably priced solution that guarantees little shade change in treated materials following thermo-mechanical treatments for softening
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The Textile Finishing Chemicals Market is segmented -
By Type: Softening Finishes, Repellent Finishes, Wrinkle-Free Finishes, Coating Finishes, Mothproofing Finishes, Other Types
By Process: Pad-Dry Cure Process, Exhaust Dyeing Process, Other Process
By Application: Clothing Textile, Home Textile, Technical Textile, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Textile Finishing Chemicals Market.
The Business Research Company's "Global Textile Finishing Chemicals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Textile Finishing Chemicals Market Include:
1. Executive Summary
2. Textile Finishing Chemicals Market Characteristics
3. Textile Finishing Chemicals Market Trends And Strategies
4. Textile Finishing Chemicals Market - Macro Economic Scenario
5. Textile Finishing Chemicals Market Size And Growth
……
26. Africa Textile Finishing Chemicals Market
27. Textile Finishing Chemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Textile Finishing Chemicals Market
29. Textile Finishing Chemicals Market Future Outlook and Potential Analysis
30. Appendix
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