How Has the Textile Finishing Chemicals Market Size Evolved in Recent Years?
The textile finishing chemicals market has seen considerable growth due to a variety of factors.
• Over the past few years, the market for textile finishing chemicals has seen substantial growth. The market, which stood at $8.44 billion in 2024, is projected to reach $8.93 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.8%. This growth during the historic period can be traced back to factors such as the expansion of the textile industry, increased demand for specialty fabrics, developing fashion and apparel trends, customer inclination towards functional fabrics, improvement in performance, and the global spread of textile trade.
What Are The Predictions for The Textile Finishing Chemicals Market?
The Textile Finishing Chemicals market is expected to maintain its strong growth trajectory in upcoming years.
• Over the next few years, the market for textile finishing chemicals is projected to experience robust growth. It is predicted to reach $11.65 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 6.9%.
This growth in the prospective period is likely to be driven by factors such as fashion customization, increasing popularity of athleisure wear, resilience to external elements, rising demand in developing markets, and eco-friendly and sustainable solutions. The forecast period is expected to see major trends such as digital printing technologies, fashion personalization, innovative functional finishes, nano-finishing technologies, intelligent textiles, and wearable technologies, and the use of biodegradable and biocompatible chemicals.
Which Drivers Are Accelerating Growth In The Textile Finishing Chemicals Market?
The textile finishing chemicals market is expected to experience a significant upward trend due to the burgeoning expansion of the apparel industry. This industry, which is responsible for the production of clothing intended for everyone, employs textile finishing chemicals in numerous procedures including the cutting, washing, dying, coating, and stitching of fabrics to produce the final apparel or accessory products such as shoes, outer garments, trousers, and top-wear. Notably, the National Retail Federation revealed in a May 2022 report that clothing and clothing accessory retail sales in the U.S. surged by 11.2% from the prior year, also marking a 0.8% increase from the previous month. Therefore, the swift expansion of the apparel industry is fuelling the growth of the textile finishing chemicals market.
What Are The Core Segments Of The Global Textile Finishing Chemicals Market?
The textile finishing chemicals market covered in this report is segmented –
1) By Type: Softening Finishes, Repellent Finishes, Wrinkle-Free Finishes, Coating Finishes, Mothproofing Finishes, Other Types
2) By Process: Pad-Dry Cure Process, Exhaust Dyeing Process, Other Process
3) By Application: Clothing Textile, Home Textile, Technical Textile, Other Applications
Subsegments:
1) By Softening Finishes: Fabric Softeners, Silicone Softening Agents
2) By Repellent Finishes: Water Repellent Finishes, Oil Repellent Finishes, Stain Repellent Finishes
3) By Wrinkle-Free Finishes: Durable Press Agents, Anti-Wrinkle Agents
4) By Coating Finishes: PVC Coatings, Polyurethane Coatings, Acrylic Coatings
5) By Mothproofing Finishes: Chemical Moth Repellents, Natural Mothproofing Agents
6) By Other Types: Fire Retardant Finishes, Anti-Microbial Finishes, UV Resistant Finishes
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Which Emerging Trends Are Reshaping The Textile Finishing Chemicals Market Size?
The major trend gaining traction in the textile finishing chemicals market is technological advancements. Major players in the market are prioritizing the development of products with advanced technology to cement their position in the market. For example, in June 2022, Osmo Chemical Laboratories Pvt Ltd., a specialty chemical manufacturing company based in India, introduced the Silky SF, a cationic softener that provides superior softening effects on all fabric types. This newly launched product is not only cost-effective but also endows the textile with a silky texture. It will be available to both Indian and global market. Particularly recommended for cotton but suitable for all fabrics, Silky SF softener imparts a smooth finish, enhancing the fabric's inherent feel to a soft, puffy, soapy, voluminous texture. It can be applied through exhaust and pad processes to increase the fabric's slipperiness. Silky SF is a reasonably priced solution ensuring minimal color variation in treated textiles even after thermo-mechanical treatments for softening.
Who Are the Key Players In The Textile Finishing Chemicals Market?
Major companies operating in the textile finishing chemicals market include:
• Archroma India Pvt. Ltd.
• Giovanni Bozzetto S.p.A.
• Celanese Corporation
• CHT Group
• Clariant AG
• DuPont de Nemours Inc.
• Dystar Singapore Pte. Ltd.
• Evonik Industries AG
• Fineotex Chemical Limited
• Hangzhou Chungyo Chem Co. Ltd.
• Ht Fine Chemicals Co. Ltd.
• Huntsman Corporation
• Solvay S.A.
• The Dow Chemical Company
• Wacker Chemie AG
• TANATEX Chemicals B.V.
• BASF SE
• Sumitomo Chemical Co. Ltd.
• Kiri Industries Ltd.
• Allied Industrial Corp. Ltd.
• Lanxess AG
• Zschimmer & Schwarz Holding GmbH & Co. KG
• Pulcra Chemicals India Pvt. Ltd.
• Kemin Industries South Asia Pvt. Ltd.
• Rudolf GmbH
• Akzo Nobel NV
• Chemische Fabrik Kreussler & Co. GmbH
• Ethox Chemicals LLC
• Leuna-Tenside GmbH
• Veronii Specialty Chemicals Ltd.
• The Chemical Company
• Shawmut Corporation
• Michelman Inc.
What Are The Regional Insights Into The Textile Finishing Chemicals Market?
Asia-Pacific was the largest region in the textile finishing chemicals market in 2024. The regions covered in the textile finishing chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
