Press release
Global Textile Finishing Chemicals Market Worth $11.31 Billion by 2029, Growing at 6.5% CAGR
Textile Finishing Chemicals Market Size
Textile Finishing Chemicals Market Outlook: What Size And CAGR Are Anticipated By 2025?
In recent times, there has been steady expansion in the textile finishing chemicals market. The market value is anticipated to rise from an approximation of $8.44 billion in 2024 to around $8.81 billion in 2025. This represents a compound annual growth rate (CAGR) of 4.4%. The progression observed in the historic phase can be linked with the surge in the textile industry, heightened demand for specialty fabrics and trends in fashion and apparel. Other contributing factors include, consumer inclination towards functional fabrics, enhancement in performance and the worldwide spread of textile trade.
What Is the Expected CAGR for the Textile Finishing Chemicals Market Growth Through 2029?
The market for textile finishing chemicals is poised for significant expansion in the upcoming years. It is projected to surge to $11.31 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 6.5%. The proliferation during the forecast period is motivated by factors such as fashion personalization, the popularity of athleisure wear, robustness against external influences, ascending demand in developing markets, and sustainability and ecology-friendly practices. Key ongoing trends predicted for this period encompass digital printing methodologies, fashion individualization, novel advancements in functional finishes, nano-finishing techniques, intelligent textiles and wearable technology, and chemicals that are biodegradable and biocompatible.
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What Are the Primary Drivers Behind Textile Finishing Chemicals Market Growth?
The textile finishing chemicals market is expected to flourish due to the swift expansion in apparel industries. This sector, which manufactures all sorts of clothing intended for wear by individuals, utilizes textile finishing chemicals in the textile finishing processes. These processes include cutting, washing, dyeing, coating, and sewing of fabrics which are turned into desired apparel or accessories, such as footwear, outerwear, trousers, and tops. A case in point is a report by the National Retail Federation in May 2022 which stated that sales at clothing and accessories stores in the U.S had increased by 11.2% from the previous year and a rise of 0.8% from the preceding month was seen. Consequently, this rapid expansion in apparel industries is fuelling the growth of the textile finishing chemicals market.
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What Are the Key Segments Driving Textile Finishing Chemicals Market Growth?
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
What Are the Technological Trends Impacting the Textile Finishing Chemicals Market?
The growth and development of advanced technology are prevalent trends in the textile finishing chemicals industry. Several leading businesses in the sector are investing in the creation of technologically superior products to consolidate their market stance. In this context, an Indian specialty chemical manufacturing company, Osmo Chemical Laboratories Pvt Ltd., introduced Silky SF in June 2022. This cationic softener offers impeccable softening effects on all types of textiles and adds a velvety touch at a reasonable price. The product, available across India and internationally, is highly recommended for all kinds of fabric, particularly cotton. It results in a smooth, fluffy, soapy, and voluminous texture of the fabric. This finishing chemical, applicable through exhaust and pad processes, enhances the fabric's slipperiness. Being an economically viable product, Silky SF assures minimal color alteration in the materials treated after undergoing thermo-mechanical treatments for softening.
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Who Are the Major Competitors in the Global Textile Finishing Chemicals Market?
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.
Which Region Dominates the Textile Finishing Chemicals Market Share in 2025?
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
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