Textile Finishing Agents Market Size Worth $4.01 Billion By 2032 | CAGR: 5.0%

Textile Finishing Agents Market Size Worth $4.01 Billion By 2032 | CAGR: 5.0%

The global textile finishing agents market size is expected to reach USD 4.01 billion by 2032, according to a new study by Polaris Market Research. The report “Textile Finishing Agents Market Share, Size, Trends, Industry Analysis Report, By Type (Aesthetic and Functional); By Product; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Continuous rise in the adoption of eco-friendly fabric finishes for the textile manufacturing globally and emerging trend of the modernization in the textile industry along with the growth in technological advancements in the machinery used in the production of finishing agents are among the prominent factors influencing the global market growth.

Moreover, the increasing implementation of advanced techniques to produce interactive, smart, and intelligent clothing and extensively growing focus on key players on introducing new products and expand their production capacity, will further stimulate the global market. For instance, in June 2022, Cosmo Specialty Chemicals, unveiled its new generation Cationic Softener named “Silky SF’, that offers excellent softening effects and unmatched textile finishing effects on all kinds of textiles. It provides a fluffy, soft, soapy, and voluminous surface to the physical texture of fabrics especially on cotton.

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Moreover, the growing emergence and utilization of nanotechnology to build the novel materials with the improved and enhanced performance properties along with the increasing use of this technology in textile materials in enhancing quality by providing various new and sophisticated functionalities to the textile substrates as well as supporting the existing characteristics like durability.

In the recent years, the rising applications of green nanomaterials in imparting multifunctionalities like flame retardancy, antimicrobial properties, antistatic properties, crease-resistant properties, and UV-resistant finishes in textiles. Additionally, finishing agents are gaining significant traction, as it helps the textiles to fight with the damage caused by exposure to several types of harmful chemicals, UV light, and pollutants to maintain the manufactured fabrics around the world.

Textile Finishing Agents Market Report Highlights

  • Functional segment dominated the global market in 2022, which is mainly driven by its widespread adoption of the product to enhance the performance and quality of the textile products
  • Softeners segment held the majority market revenue share in 2022, mainly due to its growing penetration of these products to reduce the electrostatic charge generation during the production process
  • Technical textiles segment is anticipated to grow rapidly during the projected period, on account its growing utilization in numerous sectors including agriculture, home furnishing, and packaging
  • Asia Pacific region accounted for the largest global market share in 2022, owing to increasing investments in the R&D activities to innovate specialized products and rapid rate of urbanization
  • The global key market players include Huntsman International, Resil Chemical, AB Enzymes, Sumitomo Chemicals, Kemin Industries, and Evonik Industries

Polaris Market Research has segmented the textile finishing agents market report based on type, product, application, and region:

Textile Finishing Agents, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Aesthetic
  • Functional

Textile Finishing Agents, Product Outlook (Revenue - USD Billion, 2019 - 2032)

  • Water Repellent
  • Flame Retardant
  • Softeners
  • Antibacterial & Antimicrobial
  • Fragrance Agents
  • Others

Textile Finishing Agents, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Apparel
  • Home Furnishing
  • Technical Textiles
  • Others

Textile Finishing Agents, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa