Functional Textile Finishing Agents Market by Type (Anti-Microbial & Anti-Bacterial, Flame Retardant, Repellent & Release, Temperature Regulation, Durable Press/Wrinkle Resistance, and Others) and by Textile Type (Natural and Synthetic): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global functional textile finishing agents market expected to generate USD 6,391 million by 2025, at a CAGR of around 3.9% between 2019 and 2025. The global functional textile finishing agents market is expected to witness remarkable growth over the forecast time period, owing to huge product demand from the textile industry across the globe.

27-Mar-2019 | Number of pages: 110 | Report Code: ZMR-3959 | Report Format : | Status : Published

Analysis

The global functional textile finishing agents market is expected to witness remarkable growth over the forecast time period, owing to huge product demand from the textile industry across the globe. These finishing agents are applied to improve the surface characteristics of the fiber, to make it suitable for desired applications. These chemicals offer resistance to several external factors, such as soil, water, microbial growth, etc. The flourishing textile industry globally is expected to be the major factor driving this market’s growth. The increasing awareness regarding the damage caused by exposure to sunlight, chemicals, micro-organisms, etc. is expected to further aid the growth of the global functional textile finishing agents market. Moreover, the expansion of production lines by the key manufacturers due to the growing textile demand is also expected to propel the functional textile finishing agents market over the forecast time period. The implementation of advanced manufacturing and fabrication techniques to produce smart and advanced clothing is expected to positively impact the functional textile finishing agents market in the upcoming years. Hospitals and care centers use anti-microbial clothing in their facilities to ensure patient safety and prevent the spreading of diseases. The legislation on the manufacturing of chemicals in several regions may restrain the functional textile finishing agents market globally. In the U.S., the FDA has issued several legislations on the chemical manufacturing industry regarding the emissions and toxicity of these products. All these legislations have compelled the manufacturers to develop bio-based textile finishing agents to reduce their carbon footprints. This is expected to provide several new growth avenues for the players operating in the global functional textile finishing agents market.

Based on the type, the global functional textile finishing agents market is segmented into anti-microbial and anti-bacterial, flame retardant, repellent and release, temperature regulation, durable press/wrinkle resistance, and others. On the basis of textile type, the market is segmented into natural and synthetic. The synthetic textile segment held the largest share of the global functional textile finishing agents market in 2018.

Global Functional Textile Finishing Agents Market

By region, Asia Pacific was studied to be the largest market for functional textile finishing agents in 2018 and held the highest market share both in terms of revenue and volume. The increasing production of textile and fabrics in the region is expected to be the major factor driving the growth of the Asia Pacific functional textile finishing agents market in the future.

Some of the key players operating in the global functional textile finishing agents market include BASF SE, Covestro, Huntsman Corporation, Sumitomo Chemicals, The Dow Chemical Company, Archroma, Evonik Industries, FCL, HT Fine Chemical, and KAPP-CHEMIEamong others.


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