The report of Functional Textile Finishing Agents Market by Product (Repellents, Flame Retardant, Hydrophilic Agent, Anti-Static Agent, Softening Agent, Anti-Bacterial Agent, Anti-Slip Agent, and UV Protective, others), Processing Method (Continuous Processing, Batch Treatment, Coating, and Others), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach around US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
Textile chemicals manufacturers are concentrating on the development of new products with smart features. They are focusing on improving the mechanical properties of cotton fabrics with the help of nanocomposite coating. This coating also delivers wrinkle and shrinking resistance, oil & soil repellent, and has antibacterial properties. MMR report has identified the introduction of new functional textiles as one of the primary growth drivers for the global functional textile finishing agents’ market till 2027. Likewise, with the booming textile industry in Asia-Pacific and the Middle East & Africa, because of the availability of encouraging macroeconomic conditions, skilled & low-cost labor, and abundant availability of natural resources are further expected to boost demand for functional textile finishing agents in the textile industry in these regions. Asia-Pacific is the largest consumer of the product worldwide, hence the rising product demand in the region is expected to favor the global market growth in the future.
On the other hand, the legislation on the manufacturing of chemicals in various regions may restrain the functional textile finishing agents’ market globally.
By product, the repellant product segment held the largest market share of the functional textile finishing agents’ market in 2019. Water-repellant chemicals resist the penetration of water through the fabrics and permit the passage of moisture or air. Durable water repellents & resisting agents are topical finishes applied to fibers to deliver protection against water, stain, oil, soil, insects, and others.
Region-wise, the market in Asia-Pacific held the largest market share of the global market in 2018, accounting for over 50% share. The healthy growth of the textile industry in the region, together with the rising adoption of industrial textiles is expected to be the key driving factor for the growth of the regional market. The growth of the key end-use industries that use functional textiles, including the healthcare, automotive, protective clothing, personal care, and consumer goods, is further expected to force the growth of the regional market in the future.
Key players operating in the Functional Textile Finishing Agents Market are Huntsman International LLC, Zschimmer & Schwarz GmbH, Rudolf GmbH, CHT Group, Wacker Chemie AG, Evonik Industries AG, Tepar Tekstil Sanayi ve Ticaret A.S, DAIKIN INDUSTRIES, Ltd, Tanatex Chemicals B.V., Sarex, NICCA CHEMICAL CO., LTD, Nano Tech Chemical Brothers Private Limited, and Zydex Industries.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Functional Textile Finishing Agents Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Functional Textile Finishing Agents Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Functional Textile Finishing Agents Market positioning of competitors.
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