Press release
Textile Finishing Chemicals Market Research 2024-2033 - Size, Trends, Outlook, Overview
Textile Finishing Chemicals Market
The textile finishing chemicals market size is expected to see strong growth in the next few years. It will grow to $10.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to fashion customization, rise in athleisure wear, resilience against external factors, increasing demand in emerging markets, sustainable and eco-friendly solutions.. Major trends in the forecast period include digital printing technologies, fashion customization, innovations in functional finishes, nano-finishing technologies, smart textiles and wearables, biodegradable and biocompatible chemicals..
Market Overview -
Textile finishing chemicals are a part of the textile finishing process that uses chemical substances to alter the chemical composition of the fabric. It is used to alter the final appearance of fabric, soften it, or improve certain aspects of its performance.
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Fashioning Success Textile Finishing Chemicals Market Thrives On Apparel Industry Growth
The rapid growth in apparel industries is expected to propel the growth of the textile finishing chemicals market going forward. 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. For instance, in May 2022, according to a report by the National Retail Federation, a US-based retail trade association that represents the retail industry, sales at clothing and clothing accessory stores in the U.S. increased by 11.2% from the previous year and a 0.8% increase from the previous month. Therefore, the rapid growth in apparel industries is driving the growth of the textile finishing chemicals market.
Competitive Landscape -
Major companies operating in the textile finishing chemicals market report are Archroma India Pvt. Ltd., Giovanni Bozzetto S.p.A., Celanese Corporation, CHT Group, Clariant AG, DuPont de Nemours Inc., Dystar Singapore Pte. Ltd., Evonik Industries AG, Fineotex Chemical Limited, Hangzhou Chungyo Chem Co. Ltd., Ht Fine Chemicals Co. Ltd., Huntsman Corporation, Solvay S.A., The Dow Chemical Company, Wacker Chemie AG, TANATEX Chemicals B.V., BASF SE, Sumitomo Chemical Co. Ltd., Kiri Industries Ltd., Allied Industrial Corp. Ltd., Lanxess AG, Zschimmer & Schwarz Holding GmbH & Co. KG, Pulcra Chemicals India Pvt. Ltd., Kemin Industries South Asia Pvt. Ltd., Rudolf GmbH, Akzo Nobel NV, Bayer MaterialScience AG, Carpetex GmbH, Chemische Fabrik Kreussler & Co. GmbH, DowDuPont Inc., Ethox Chemicals LLC, Leuna-Tenside GmbH, Veronii Specialty Chemicals Ltd., The Chemical Company, Turning Star Inc., Shawmut Corporation, Macro International Co., Harodite Industries Inc., Fiber-Shield Industries Inc., Michelman Inc. .
Innovative Threads Textile Finishing Chemicals Market Embraces Technological Advancements
Technology advancements are the key trend gaining popularity in the textile finishing chemicals market. 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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Key Segments -
The textile finishing chemicals market covered in this report is segmented -
1) By Type: Softening Finishes, Repellent Finishes, Wrinkle-Free Finishes, Coating Finishes, Mothproofing Finishes, Other Types
2) By Process: Pad-Dry Cure Process, Exhaust Dyeing Process, Other Process
3) By Application: Clothing Textile, Home Textile, Technical Textile, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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