Press release
Textile Finishing Chemicals Market Anticipated To Witness Robust Growth, Surpassing $11.65 Billion By 2029
Textile Finishing Chemicals
How Big Is the Textile Finishing Chemicals Market Size Expected to Be by 2034?
There has been significant growth in the size of the textile finishing chemicals market in the past few years. The market is predicted to expand from a value of $8.44 billion in 2024 to an estimated $8.93 billion in 2025, representing a compound annual growth rate (CAGR) of 5.8%. This growth during the historic period can be ascribed to several factors including the expansion of the textile industry, increased demand for specialty fabrics, trends in fashion and apparel, consumer inclinations towards functional fabrics, enhancement of performance, and the global expansion of textile trade.
There is a prediction of robust expansion in the textile finishing chemicals market in the upcoming years. The market is expected to soar to $11.65 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 6.9%. The projected growth during this period can be associated with factors such as fashion personalization, the popularity of athleisure attire, resistance to external conditions, burgeoning demand in newer markets, and the implementation of environment-friendly, sustainable solutions. In the specified period, key trends are expected to be digital printing technologies, alterations in fashion, advances in functional finishes, breakthroughs in nano-finishing technologies, intelligent textiles and wearable technologies, and chemicals that are biodegradable and biocompatible.
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How Are Emerging Segments Shaping the Textile Finishing Chemicals Market Landscape?
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
Subsegments:
1) By Softening Finishes: Fabric Softeners, Silicone Softening Agents
2) By Repellent Finishes: Water Repellent Finishes, Oil Repellent Finishes, Stain Repellent Finishes
3) By Wrinkle-Free Finishes: Durable Press Agents, Anti-Wrinkle Agents
4) By Coating Finishes: PVC Coatings, Polyurethane Coatings, Acrylic Coatings
5) By Mothproofing Finishes: Chemical Moth Repellents, Natural Mothproofing Agents
6) By Other Types: Fire Retardant Finishes, Anti-Microbial Finishes, UV Resistant Finishes
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Which Growth Factors Are Influencing Textile Finishing Chemicals Market Expansion?
Continued expansion within the apparel sector is anticipated to fuel progress in the textile finishing chemicals industry. The garment industry, responsible for creating clothing for all individuals, frequently employs textile finishing chemicals. These chemicals are used in a number of finishing processes such as cutting, washing, dyeing, coating and sewing, in order to produce the desired finished garments or accessories, including footwear, outerwear, pants, and tops. For instance, as reported by the National Retail Federation in May 2022, American retail clothing and accessory store sales witnessed a year-over-year growth of 11.2% and a month-over-month growth of 0.8%. Consequently, this swift development in the apparel industries is propelling the textile finishing chemicals market forward.
Who Are the Dominant Players Across Different Textile Finishing Chemicals Market Segments?
Major companies operating in the textile finishing chemicals market include 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, Chemische Fabrik Kreussler & Co. GmbH, Ethox Chemicals LLC, Leuna-Tenside GmbH, Veronii Specialty Chemicals Ltd., The Chemical Company, Shawmut Corporation, Michelman Inc.
What Are the Latest Developing Trends in the Textile Finishing Chemicals Market?
In the textile finishing chemicals market, the emerging trend is technological advancement. Major market players are focusing on the development of technologically superior products to solidify their market standing. For example, in June 2022, Osmo Chemical Laboratories Pvt Ltd., a specialty chemical manufacturer from India, introduced Silky SF, a budget-friendly cationic softener with powerful softening properties for all types of textiles. This freshly launched product, which imparts a velvety touch to the fabric, will be available throughout the entire Indian and global market. All fabric varieties, with a particular emphasis on cotton, are recommended to be finished with this softening agent to achieve a smoother surface. The usage of this finishing chemical results in a soft, fluffy, soapy, and voluminous feel of the fabric's authentic physical texture. This chemical can be applied by exhaust and pad methods to enhance the fabric's slipperiness. Silky SF is a cost-effective option that promises minimal color alteration in treated fabrics after thermo-mechanical softening processes.
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Which Geographic Regions Are Expected to Dominate the Textile Finishing Chemicals Market in the Coming Years?
Asia-Pacific was the largest region in the textile finishing chemicals market in 2024. The regions covered in the textile finishing chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Textile Finishing Chemicals Market?
2. What is the CAGR expected in the Textile Finishing Chemicals Market?
3. What Are the Key Innovations Transforming the Textile Finishing Chemicals Industry?
4. Which Region Is Leading the Textile Finishing Chemicals Market?
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