0

Functional Textile Finishing Agents Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR44283
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The functional textile finishing agents' market share is expected to increase by USD 8.60 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.96%.

This functional textile finishing agents market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers functional textile finishing agents market segmentations by product (repellent and release, flame retardant, antimicrobial and antibacterial, temperature regulation, and others) and geography (APAC, North America, Europe, MEA, and South America). The functional textile finishing agents market report also offers information on several market vendors, including Archroma Management GmbH, BASF SE, CHT Group, Covestro AG, Dow Inc., Elkem ASA, Evonik Industries AG, Fashion Chemicals GmbH & Co. KG, Huntsman Corp., and Wacker Chemie AG among others.

What will the Functional Textile Finishing Agents Market Size be During the Forecast Period?

Functional Textile Finishing Agents Market Size

Download the Free Report Sample to Unlock the Functional Textile Finishing Agents Market Size for the Forecast Period and Other Important Statistics

 

Functional Textile Finishing Agents Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing demand for finishing chemicals is notably driving the functional textile finishing agents market growth, although factors such as toxicity of chemicals in functional textile finishing agents may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the functional textile finishing agents industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Functional Textile Finishing Agents Market Driver

The deployment of aerobridges in tier-2 cities of emerging economies is one of the key factors driving the growth of the global functional textile finishing agents market. The demand for functional textile finishing agents is growing at a steady rate. This growth can be attributed to the fact that these finishing agents allow garment makers, textile decorators, and textile manufacturers to differentiate their products by adding features such as wrinkle resistance, softness, flame, stains, and oil and water resistance. These chemicals increase the functionality of textiles and assist in laminating, coating, and finishing. In addition, these chemicals can impart soil release and repellent properties, antimicrobial or antifungal properties, and temperature regulation features to textiles. Functional finishing agents ensure and enhance the quality of products. Wrinkle-free or wrinkle-resistant finishing agents are widely used in making comfortable and durable garments. The demand for functional textile finishing agents is increasing due to the increased production and consumption of apparel in China, India, the US, and European countries. The high demand for functionality chemicals is also attributed to the growing demand for textiles in home furnishings, floor coverings, car seats, furniture, and advanced textiles.

Key Functional Textile Finishing Agents Market Trend

The increasing use of nanotechnology in textiles will fuel the global functional textile finishing agents market growth. The applications of nanotechnology in textiles are rapidly increasing due to their significant properties. Nanotechnology has a high potential for profitable applications in cotton and textile fabrics. The application of nanotechnology in textile manufacturing increases the durability of fabrics, enhances their hygienic properties, and increases comfort. The use of nanotechnology in textiles provides excellent chemical resistance, mechanical resistance, water repellency, antibacterial properties, stain resistance, and other properties that cannot be achieved by any other means or process. Nanotechnology is being increasingly used by manufacturers to make advanced technical textiles. Swimsuits are often made by incorporating zinc oxide nanoparticles or plasma layers, enhanced by nanotechnology to repel water to a greater extent and make it dry in a short time. Silver nanoparticles are added to fabrics for their ability to kill bacteria and fungi and to prevent odor in clothing. Carbon nanotubes provide flame retardancy and help achieve high electrical conductivity. Silicon dioxide nanoparticles are added to fabrics to make the fabrics abrasion-resistant. The increasing use of nanotechnology in smart textiles will foster the demand for functional textile finishing agents during the forecast period.

Key Functional Textile Finishing Agents Market Challenge

The toxicity of chemicals in functional textile finishing agents is a major challenge for the global functional textile finishing agents market. The use of synthetic chemicals in textile finishing agents results in adverse effects on human health due to their high toxicity. Initially, wrinkle-free finishers were made with phenol-formaldehyde condensates or dimethylol urea, which release urea-formaldehyde emissions that are toxic to humans. Formaldehyde is used to make textiles stain-resistant, wrinkle-resistant, water-proof, moth-proof, and prevent shrinking. The toxic effects of formaldehyde include allergies, skin irritation, skin rashes, nausea, and eye and nose irritation. Polybrominated diphenyl ethers (PBDEs) are used as flame retardants in textile finishing agents. PBDEs affect the liver and thyroid functioning, hinder reproductive systems, and impair brain development. Most of the finishing chemicals are toxic. Clothing comes into prolonged contact with the skin, and these toxic chemicals can penetrate and get absorbed into the skin. Chlorinated solvents used as finishing agents in textiles for dirt and oil repellence can affect the central nervous system (CNS). Perfluorinates (PFOs) are used as water-proof finishes in textiles to make waterproof clothing.

This functional textile finishing agents market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global functional textile finishing agents market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the functional textile finishing agents market during the forecast period.

Who are the Major Functional Textile Finishing Agents Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Archroma Management GmbH
  • BASF SE
  • CHT Group
  • Covestro AG
  • Dow Inc.
  • Elkem ASA
  • Evonik Industries AG
  • Fashion Chemicals GmbH & Co. KG
  • Huntsman Corp.
  • Wacker Chemie AG

 

This statistical study of the functional textile finishing agents market encompasses successful business strategies deployed by the key vendors. The functional textile finishing agents market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Archroma Management GmbH - The company offers functional textile finishing agents under the product lines Smartrepel, Pekoflam and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The functional textile finishing agents market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Functional Textile Finishing Agents Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the functional textile finishing agents market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Functional Textile Finishing Agents Market?

Functional Textile Finishing Agents Market Share by Geography

For more insights on the market share of various regions Request for a FREE sample now!

57% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for functional textile finishing agents market in APAC. Market growth in this region will be slower than the growth of the market in regions.

The deployment of aerobridges in tier-2 cities of emerging economies will facilitate the functional textile finishing agents market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in the region hampered the adoption of neoprene in the manufacturing industries in 2020. Several countries have imposed partial or complete lockdown to contain the spread of the COVID-19 pandemic. For instance, in March 2020, India imposed a complete, nationwide lockdown to prevent the community spread of the disease. All manufacturing industries were highly affected, as their production units were either closed or halted, which, in turn, had a negative impact on the growth of the functional textile finishing agents market in the region in 2020. However, with relaxations in lockdown norms in the region, there has been a rise in textile production during the first half of 2021. This is further expected to foster market growth during the forecast period.

What are the Revenue-generating Product Segments in the Functional Textile Finishing Agents Market?

Functional Textile Finishing Agents Market Share

To gain further insights on the market contribution of various segments Request for a FREE sample

The functional textile finishing agents market share growth by the Repellent and release segment will be significant during the forecast period. The increased absorption ability of fabrics makes it easy for detergents and cleaning agents to penetrate and remove stains and soil. The increasing demand for stain, water, and oil repellents in apparel goods is fueling the demand for repellent and release textile finishing agents.

This report provides an accurate prediction of the contribution of all the segments to the growth of the functional textile finishing agents market size and actionable market insights on post COVID-19 impact on each segment.

 

Functional Textile Finishing Agents Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.96%

Market growth 2021-2025

$ 8.60 billion

Market structure

Fragmented

YoY growth (%)

4.58

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 57%

Key consumer countries

China, India, US, Germany, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Archroma Management GmbH, BASF SE, CHT Group, Covestro AG, Dow Inc., Elkem ASA, Evonik Industries AG, Fashion Chemicals GmbH & Co. KG, Huntsman Corp., and Wacker Chemie AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Functional Textile Finishing Agents Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive functional textile finishing agents market growth during the next five years
  • Precise estimation of the functional textile finishing agents market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the functional textile finishing agents industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of functional textile finishing agents market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Commodity chemicals

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Repellent and release - Market size and forecast 2020-2025
      • Exhibit 17: Repellent and release - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Repellent and release - Year-over-year growth 2020-2025 (%)
    • 5.4 Flame retardant - Market size and forecast 2020-2025
      • Exhibit 19: Flame retardant - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Flame retardant - Year-over-year growth 2020-2025 (%)
    • 5.5 Antimicrobial and antibacterial - Market size and forecast 2020-2025
      • Exhibit 21: Antimicrobial and antibacterial - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Antimicrobial and antibacterial - Year-over-year growth 2020-2025 (%)
    • 5.6 Temperature regulation - Market size and forecast 2020-2025
      • Exhibit 23: Temperature regulation - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Temperature regulation - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by Product
      • Exhibit 27: Market opportunity by Product

    6 Customer landscape

    • 6.1 Customer landscape
      • Exhibit 28: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 29: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 30: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 33: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 35: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 MEA - Market size and forecast 2020-2025
      • Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 39: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 40: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 41: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 42: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 43: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 44: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 45: Landscape disruption
          • Exhibit 46: Industry risks
        • 9.3 Competitive scenario

          10 Vendor Analysis

          • 10.1 Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 48: Market positioning of vendors
            • 10.3 Archroma Management GmbH
              • Exhibit 49: Archroma Management GmbH - Overview
              • Exhibit 50: Archroma Management GmbH - Product and service
              • Exhibit 51: Archroma Management GmbH – Key news
              • Exhibit 52: Archroma Management GmbH - Key offerings
            • 10.4 BASF SE
              • Exhibit 53: BASF SE - Overview
              • Exhibit 54: BASF SE - Business segments
              • Exhibit 55: BASF SE– Key news
              • Exhibit 56: BASF SE - Key offerings
              • Exhibit 57: BASF SE - Segment focus
            • 10.5 CHT Group
              • Exhibit 58: CHT Group - Overview
              • Exhibit 59: CHT Group - Business segments
              • Exhibit 60: CHT Group - Key offerings
              • Exhibit 61: CHT Group - Segment focus
            • 10.6 Covestro AG
              • Exhibit 62: Covestro AG - Overview
              • Exhibit 63: Covestro AG - Business segments
              • Exhibit 64: Covestro AG– Key news
              • Exhibit 65: Covestro AG - Key offerings
              • Exhibit 66: Covestro AG - Segment focus
            • 10.7 Dow Inc.
              • Exhibit 67: Dow Inc. - Overview
              • Exhibit 68: Dow Inc. - Business segments
              • Exhibit 69: Dow Inc.– Key news
              • Exhibit 70: Dow Inc. - Key offerings
              • Exhibit 71: Dow Inc. - Segment focus
            • 10.8 Elkem ASA
              • Exhibit 72: Elkem ASA - Overview
              • Exhibit 73: Elkem ASA - Business segments
              • Exhibit 74: Elkem ASA– Key news
              • Exhibit 75: Elkem ASA - Key offerings
              • Exhibit 76: Elkem ASA - Segment focus
            • 10.9 Evonik Industries AG
              • Exhibit 77: Evonik Industries AG - Overview
              • Exhibit 78: Evonik Industries AG - Business segments
              • Exhibit 79: Evonik Industries AG – Key news
              • Exhibit 80: Evonik Industries AG - Key offerings
              • Exhibit 81: Evonik Industries AG - Segment focus
            • 10.10 Fashion Chemicals GmbH & Co. KG
              • Exhibit 82: Fashion Chemicals GmbH & Co. KG - Overview
              • Exhibit 83: Fashion Chemicals GmbH & Co. KG - Product and service
              • Exhibit 84: Fashion Chemicals GmbH & Co. KG - Key offerings
            • 10.11 Huntsman Corp.
              • Exhibit 85: Huntsman Corp. - Overview
              • Exhibit 86: Huntsman Corp. - Business segments
              • Exhibit 87: Huntsman Corp. – Key news
              • Exhibit 88: Huntsman Corp. - Key offerings
              • Exhibit 89: Huntsman Corp. - Segment focus
            • 10.12 Wacker Chemie AG
              • Exhibit 90: Wacker Chemie AG - Overview
              • Exhibit 91: Wacker Chemie AG - Product and service
              • Exhibit 92: Wacker Chemie AG - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 93: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 94: Research Methodology
                • Exhibit 95: Validation techniques employed for market sizing
                • Exhibit 96: Information sources
              • 11.4 List of abbreviations
                • Exhibit 97: List of abbreviations

              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.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
              Get your sample now!
              Functional Textile Finishing Agents Market market growth will increase by $8.60 bn during 2021-2025.
              The functional textile finishing agents market market is expected to grow at a CAGR of 4.96% during 2021-2025.
              Technavio has segmented the functional textile finishing agents market market by product (repellent and release, flame retardant, antimicrobial and antibacterial, temperature regulation, and others) ,geography (APAC, North America, Europe, MEA, and South America) , and geographic (APAC, North America, Europe, MEA, and South America).
              Archroma Management GmbH, BASF SE, CHT Group, Covestro AG, Dow Inc., Elkem ASA, Evonik Industries AG, Fashion Chemicals GmbH & Co. KG, Huntsman Corp., Wacker Chemie AG are a few of the key vendors in the functional textile finishing agents market market.
              APAC will register the highest growth rate of 57% among the other regions. Therefore, the functional textile finishing agents market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the functional textile finishing agents market market growth are:
              • Growing demand for finishing chemicals
              • Increasing use of nanotechnology in textiles
              The functional textile finishing agents market market vendors should focus on grabbing business opportunities from the repellent and release segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

              Certified ISO 9001 : 2015

              We are ISO recognized

              We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

              We are GDPR and CCPA compliant

              We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

              Safe and Secure SSL Encrypted
              Technavio

              info
              close
              • Single:

                One user only.
                Quick & easy download option

              • Enterprise:

                Unlimited user access (Within your organization)
                Complimentary Customization Included

              2500 USD

              Technavio Get the report (PDF) sent to your email within minutes.

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Customized Report as per your Business Needs

              • Our analysts will work directly with you and understand your needs
              • Get data on specified regions or segments, competitor and Vendors
              • Data will be formatted and presented as per your requirements
              • We offer $1000 worth of FREE customization at the time of purchase

              Let us help you make report more suited to your requirements.

              • Get a competitive breakdown as per your niche industry
              • Customize the data with various metrics that meet your business prerequisite
              • Understand Revenue Sources, Customers and many more
              • Details on Market Share
              • These customizations are done in a short amount of time by our analysts and industry experts
              Technavio
              Enquire Before Buying
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>