Functional Textile Finishing Agents Market Size, Share & Industry Analysis, By Product (Anti-Microbial and Anti-Bacterial, Flame Retardant, Repellent and Release, Temperature Regulation, Durable Press/ Wrinkle Resistance, Others), By Textile Type (Natural, Synthetic) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102914 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Functional textiles are textiles incorporated with certain functions of adjusting according to the requirement and application area. They have additional chemical & physical properties along with the normal properties that textile possesses. The traditional fabrics like cotton, silk, wool, polyester and others are treated with certain chemicals and agents in order to alter their performance. A textile finishing process is a series of operations applied to the fabric that potentially enhances its appearance, handling and functional properties such as resistance to water, UV light, chemicals, flame and odour.

Due to versatility of the functional textiles it is widely used in various application areas like anti-static, high-temperature, waterproof, applications, chemical, healthcare, pharmaceuticals, automotive, gas filtrations, air-conditioning & ventilation, construction, flame-resistant applications which is expected to drive the market for functional textiles finishing agents. Moreover, extensive R&D in developing eco-friendly reagents is likely to boost the market growth.

Key Market Driver -

Increasing use of functional textiles in end-use applications.

Key Market Restraint -

Harmful effects of some toxic textile finishing chemicals.

However, harmful effects of some selective chemical finishing agents like chlorine bleach, formaldehyde perfluorinated chemicals (PFCs) are likely to hinder the market growth.

Market Segmentation:

Based on product, the market is segmented into anti-microbial and anti-bacterial, flame retardant, repellent and release, temperature regulation, durable press/ wrinkle resistance and others. Based on the textile type, the market is segmented into natural and synthetics.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global functional textile finishing agents market share is competitive with some of the key players operating in the market includes BASF, DOW Chemicals, FCL, Sumitomo Chemicals, Evonik Industries, HT Fine Chemical, Archroma, Bayer, Rudolf, Lubrizol Corporation, Huntsman Corp, and Others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Functional Textile Finishing Agents Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

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The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominte the market attributed to healthy growth of the textile industries and large number of manufacturers in the region . Europe is the second-largest market for functional textile finishing agents attributed to the enormous growth of textile industries in Germany, France, UK and Italy. North America is expected to show moderate growth due to the extensive R&D. Latin America and Middle East and Africa are set to witness a significant growth by the end of forecast period, attributed to the high growth potential.

Segmentation

ATTRIBUTE	DETAILS
By Product	icrobial and Anti-Bacterial Flame Retardant Repellent and Release Temperature Regulation Durable Press/ Wrinkle Resistance Others
By Textile Type	Natural Synthetic
By Geography	North America (the U.S., and Canada) Europe (UK, Germany, France, Italy, and Rest of Europe) Asia Pacific (Japan, China, India, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, Saudi Arabia, and Rest of the Middle East & Africa)

Functional Textile Finishing Agents Industry Developments

Evonik offers formulated textile auxiliaries which provides processability of garments and fibres, and desired quality of the final textile good to the end customers

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Functional Textile Finishing Agents Market Report

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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