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The functional textile finishing agents market size is forecast to increase by USD 736.5 million at a CAGR of 3.77% between 2023 and 2028.
The functional textile finishing agents industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Functional textile finishing agents play a crucial role in enhancing the performance and functionality of various textile products, including apparel, home textiles, and technical textiles. Repellent and release agents, a significant segment of these finishing agents, were extensively used in 2023 due to their ability to provide water and oil resistance, soil release, and crease resistance to fabrics. These agents modify the surface characteristics of fabric fibers, creating a barrier against water, oil, and soil. Examples include water-based repellents, such as those introduced by Rudolf Group in January 2021, which provide sustainable solutions for textiles. Functional textile finishing agents also offer other benefits, such as UV protection, flame retardancy, moisture-wicking, temperature regulation, and durability.
With increasing environmental concerns and stricter regulations, eco-friendly and sustainable solutions, such as ecofriendly reagents and nano-coatings, are gaining popularity. Performance finishing, fabric versatility, and product sustainability are key drivers for the growth of the market.
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The Repellent and release segment was valued at USD 807.70 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market In the Asia Pacific region is experiencing significant growth due to the increasing consumption of smart textiles, such as antimicrobial, repellent, and release, and flame-retardant fabrics. The production of cotton and synthetic textiles is fostering high consumption of finishing agents in this region. China, India, Bangladesh, Indonesia, Cambodia, and Vietnam are major countries contributing to this growth, with China being the dominant player In the textile industry. Economic development, low labor costs, and abundant raw materials are the primary factors driving the textile industry's expansion in this region. Additionally, the development of niche products with unique features and properties is generating a high demand for finishing agents.
The market for functional textile finishing agents in the Asia Pacific region is expected to continue growing due to environmental guidelines, water shortages, and the need for product sustainability. Key players in this market include multinational producers offering eco-friendly and sustainable solutions, such as nanocoatings, enzyme immobilization, encapsulation, and protective garments. Innovative solutions, such as smart textiles and interactive clothing, are also gaining popularity in this region.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand for textile finishing chemicals is the key driver of the market.
Increasing use of nanotechnology in textiles is the upcoming market trend.
Toxicity of chemicals used in functional textile finishing agents is a key challenge affecting the industry growth.
The functional textile finishing agents market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the functional textile finishing agents market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, functional textile finishing agents market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Functional textile finishing agents play a crucial role in enhancing the performance and functionality of various textiles, including apparel, home textiles, technical textiles, and more. These agents contribute to the creation of textiles with desirable properties such as antimicrobial, flame retardancy, water repellency, wrinkle resistance, UV protection, durability, and comfort. The textile industry continues to evolve, driven by the demand for textiles with advanced functions and increased focus on health and safety. Functional textiles, also known as textiles with functions, have gained significant attention due to their ability to offer enhanced performance and added benefits. These textiles can be found in various applications, including apparel, home textiles, upholstery, curtains, and technical textiles used in industries such as healthcare, aerospace, and outdoor apparel.
Functional textile finishing agents can be categorized based on their chemical and physical properties. Some common properties include moisture-wicking, temperature regulation, and chemical resistance. Moisture-wicking agents help transport moisture away from the skin, keeping the wearer cool and dry. Temperature regulation agents help maintain a comfortable body temperature, making them ideal for use in performance apparel. Chemical resistance agents protect textiles from damage caused by various chemicals, making them suitable for use in industrial applications. Environmental responsibility and sustainability are becoming increasingly important considerations In the textile industry. As a result, there is a growing demand for eco-friendly and sustainable solutions.
Eco-friendly reagents, such as water-soluble polysiloxane, are being used to replace traditional, toxic fabric chemicals. These eco-friendly solutions offer similar functional benefits while minimizing the environmental impact. Stricter regulations and guidelines are being implemented to ensure the safety and sustainability of textile finishing processes. For example, regulations on the use of chlorine bleach and formaldehyde have become more stringent due to their potential health hazards. Similarly, the use of perfluorinated chemicals, which have been linked to environmental concerns, is being phased out in favor of alternative solutions. Innovative solutions continue to emerge In the market. For instance, nano-coatings and enzyme immobilization are being used to enhance fabric performance and functionality.
Protective garments, smart textiles, and interactive clothing are also gaining popularity due to their advanced features and benefits. The textile finishing process involves the application of finishing agents to the textile surface to enhance its performance and appearance. Performance enhancement can include water resistance, UV light resistance, and chemical resistance. Adhesion, optical appearance, and hydrophilicity are important considerations In the textile finishing process to ensure the desired fabric properties. Functional finishing agents play a vital role In the textile industry by enabling the production of textiles with advanced properties. The demand for functional textiles is expected to continue growing due to their increased use in various industries and applications. As the industry evolves, there will be a continued focus on eco-friendly and sustainable solutions to meet the growing demand for textiles that offer superior performance and reduced environmental impact.
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Market Scope |
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Report Coverage |
Details |
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Page number |
181 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.77% |
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Market growth 2024-2028 |
USD 736.5 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.58 |
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Key countries |
China, US, India, Germany, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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