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

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR44283
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The functional textile finishing agents market has the potential to grow by USD 860.87 million during 2021-2025, 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 market segmentation 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 in 2021?

Functional-Textile-Finishing-Agents-Market-Market-Size-2020-2025

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Functional Textile Finishing Agents Market: Key Drivers and Trends

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. To unlock information on the key market drivers and the COVID-19 pandemic impact on the functional textile finishing agents industry get your FREE report sample now.

  • The growing demand for finishing chemicals will fuel the growth of the functional textile finishing agents market size.
  • 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.
  • 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.
  • The increasing innovations and emerging new functional textiles will drive the functional textile finishing agents market growth during the forecast period.
  • The functional textile finishing agents market is growing with the development of new textiles with smart features.
  • Recent developments include the use of nanocomposite coating for cotton fabrics to improve their mechanical properties. It also provides antibacterial, wrinkle resistance, shrinking resistance, and oil and soil repellent and release properties.
  • The apparel industry, with its focus on branding, is selling differentiated products with unique features such as antibacterial properties, stain resistance, improved breathability, and wrinkle resistance.
  • The growing demand for leisure, baby products, sportswear, and other garments with antibacterial properties is driving the market for functional textile finishing agents.

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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

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

 

The functional textile finishing agents market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the functional textile finishing agents market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

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

Functional-Textile-Finishing-Agents-Market-Market-Share-by-Region-2020-2025

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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 in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, and South America.

The rising consumption of smart textiles, such as anti-microbial, repellent and release, and flame-retardant fabrics will facilitate the functional textile finishing agents market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

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

Functional-Textile-Finishing-Agents-Market-Market-Share-by-Product-2020-2025

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The functional textile finishing agents market share growth by the repellent and release segment will be significant during the forecast period. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the functional textile finishing agents market size.

 

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What are the Key Factors 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

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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 5%

Market growth 2021-2025

$ 860.87 million

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

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 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.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Repellent and release - Market size and forecast 2020-2025
    • Flame retardant - Market size and forecast 2020-2025
    • Antimicrobial and antibacterial - Market size and forecast 2020-2025
    • Temperature regulation - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • 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
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    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
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    TechnavioREPORT WRITING

    Qualitative

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

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The functional textile finishing agents market growth will increase by $1019.97 million during 2019-2024.
    The functional textile finishing agents market is expected to grow at a CAGR of 5.52% during 2019-2024.
    Technavio has segmented the functional textile finishing agents market by product (Repellent and release, Flame retardant, Antimicrobial and antibacterial, Temperature regulation, and Others) and geographic (APAC, North America, Europe, MEA, and South America).
    BASF SE, Bayer AG, CHT Group, Covestro AG, Dow Inc., Elkem ASA, Evonik Industries AG, Huntsman Corp., Sumitomo Chemical Co. Ltd., Wacker Chemie AG are a few of the key vendors in the functional textile finishing agents market.
    APAC will register the highest growth rate of 55.12% among the other regions. Therefore, the functional textile finishing agents 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 growth are:
    • Growing demand for finishing chemicals
    The functional textile finishing agents market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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