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Textile Finishing Chemicals Market Size, Share, Trends, Growth, Opportunities, and Strategies 2024
Textile Finishing Chemicals Market Size
As per the report, the textile finishing chemicals market size has grown strongly in recent years. It will grow from $8.01 billion in 2023 to $8.5 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. 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%.
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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.
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.
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
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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. .
Contents of the report:
1. Executive Summary
2. Textile Finishing Chemicals Market Report Structure
3. Textile Finishing Chemicals Market Trends And Strategies
4. Textile Finishing Chemicals Market - Macro Economic Scenario
5. Textile Finishing Chemicals Market Size And Growth
…..
27. Textile Finishing Chemicals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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