Enjoy complimentary customisation on priority with our Enterprise License!
The functional textile finishing agents market size is estimated to grow at a CAGR of 4.32% between 2022 and 2027. The market size is forecast to increase by USD 822.96 million. The growth of the market depends on several such as growing demand for textile finishing chemicals, increasing innovations and new product launches in functional textiles and the growing apparel market accelerating demand for functional textile finishing agents.
This functional textile finishing agents market report extensively covers market segmentation by product (repellent and release, flame retardant, antimicrobial and antibacterial, temperature regulation, and durable press and others), type (synthetic and natural), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
Our researchers analyzed the data with 2022 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.
The growing apparel market's accelerating demand for functional textile finishing agents is the key factor driving the market growth. The global apparel market is increasing at the highest rate in countries such as China, India, Russia, and Brazil. Emerging economies are propelling the demand in the global apparel market such as growing brand awareness, frequently changing fashion with upgraded lifestyles, and increasing disposable income. This leads to augmenting the demand for apparel and also encourages garment manufacturers to manufacture high-quality and differentiated apparel.
In addition, around 70% of the global apparel market is dominated by the US, the EU, China, and Japan. Moreover, these countries contribute to almost 30% of the global population. This results in a high expenditure on apparel, therefore accelerating the growth of the market during the forecast period.
The increasing use of nanotechnology in textiles is an emerging trend shaping market growth. The use of nanotechnology is increasing in the textile industry due to its advantageous properties. Advanced technical textiles with high-profit potential are being created by manufacturers using nanotechnology. For instance, swimsuits are often made with zinc oxide nanoparticles or plasma layers that repel water and dry quickly. Clothing is infused with silver nanoparticles to kill bacteria and fungi and prevent odours. Flame-retardant properties are provided by carbon nanotubes and electrical conductivity is improved.
Moreover, fabrics are made abrasion-resistant with silicon dioxide nanoparticles and garments are protected from UV radiation and sunburn with titanium dioxide nanoparticles. Therefore, the use of nanotechnology in smart textiles is expected to drive growth in the global functional textile finishing agents market.
Loss of functionality with an increasing number of washes is a significant challenge hindering market growth. When smart fabrics are washed, functional textile finishing agents pose a great challenge. For example, titanium dioxide, which is used to protect textiles from UV radiation and sunburn, is released during the washing of smart textiles. The release of titanium dioxide from fabrics primarily relies on two factors such as its concentration in the fabric and the number of laundry cycles. Fabrics that contain silver nanoparticles release silver particles on washing, which are released into the wastewater.
As a result, there will be a loss of antimicrobial properties besides posing a serious threat to the environment. The fabrics lose their functionality completely with repeated washing. Manufacturers are focusing on making better products with improved technology due to these negative effects of functional textile finishing agents. This can lead to higher prices of functional fabrics, which, in turn, will hinder the growth of the functional textile finishing agents market growth.
The market research 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 report includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Functional Textile Finishing Agents Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Archroma Management GmbH - The company offers functional textile finishing agents such as Arkofix and Fixapret for low emissive crease and shrink resistance, Hydroperm and Sanitized for moisture management and antimicrobial protection.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market 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 market 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.
The repellent and release segment is estimated to witness significant growth during the forecast period. Various kinds of functional repellent and release finishing agents, such as water and oil repellent, mosquito repellent, and dirt-repellent finishing agents, are used in the textile industry. Water and oil repellents are applied to fabrics to provide protection against water, oil, and soil and are topical finishing agents.
Get a glance at the market contribution of various segments View the PDF Sample
The repellent and release segment was the largest segment and was valued at USD 792.97 million in 2017. Widely used textile finishing agents to improve softness, crease resistance, and water repellence are polysiloxanes and fluorochemicals. Soil release agents make the fabrics hydrophilic, which enriches the ability of fabrics to absorb water. The rising demand for stain, water, and oil repellents in apparel goods is driving the growth of repellent and release textile finishing agents in the global functional textile finishing agents market during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 56% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In APAC, increasing consumption of smart textiles, such as anti-microbial, repellent and release, and flame-retardant fabrics, is propelling the market for functional textile finishing agents. The growth in the production of cotton and synthetic textiles is promoting the high consumption of functional textile finishing agents in this region. Additionally, the rising development of niche products with exceptional characteristics and properties is generating a high demand for finishing agents.
However, stringent government regulations toward fire safety and promoting the use of protective fabric textiles in hospitals, educational institutions, and commercial places are also augmenting the demand for functional textiles. Rapid urbanization with the increasing disposable income in emerging economies is driving the demand for advanced textiles and apparel. The growth of the middle-class population is also driving the high demand for textiles in this region. Such factors are expected to drive the market growth during the forecast period.
In 2020, the COVID-19 pandemic in the region hindered the adoption of functional textile finishing agents in the functional textile manufacturing industry. However, in 2021, with the relaxation of lockdown norms in the region following the widespread implementation of COVID-19 vaccination programs, there was a rise in textile production during the first half of 2021. Hence, the adoption of nanotechnology in the textile industry is anticipated to drive the growth of the regional market during the forecast period.
The functional textile finishing agents market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Functional Textile Finishing Agents Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.32% |
Market growth 2023-2027 |
USD 822.96 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.5 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 56% |
Key countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Archroma Management GmbH, BASF SE, Biotex Malaysia, CHT Germany GmbH, Covestro AG, Dow Chemical Co., DyStar Singapore Pte. Ltd., Elkem ASA, Evonik Industries AG, Huntsman International LLC, Kemin Industries Inc., Momentive Performance Materials Inc., Nicca Chemical Co. Ltd., OMNOVA Solutions Inc., Organic Dyes and Pigments, Resil Chemicals Pvt. Ltd., Rudolf GmbH, Stockmeier Holding GmbH, The Lubrizol 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 the 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. |
We can help! Our analysts can customize this market research report to meet your requirements.
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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.