Functional Textile Finishing Chemicals Market To Reach $5.09 Billion By 2030

Functional Textile Finishing Chemicals Market Growth & Trends

The global functional textile finishing chemicals market size is expected to reach USD 5.09 billion by 2030, registering a CAGR of 5.3% during the forecast period, according to a new report by Grand View Research, Inc. The rising consumer demand for protective fabrics due to growing health awareness and hygienic concerns is expected to steer the market growth in the coming years.

Increasing purchasing power and disposable income in the emerging economies including China, Russia, Brazil, and India is projected to increase the demand for functional textile finishing agents in the next nine years. However, strict regulatory guidelines adopted in the usage of chemicals due to its toxic impacts on human health and environment, it is anticipated to remain a vital challenge for the global manufacturers.

Repellant and release agents dominated the textile furnishing finishing agents market in 2022. Increasing usage of performance finishing agents to discover innovative value-added fabrics so as to strengthen existing product lines and diversify into new horizons is expected to further boost the industry growth over the forecast period.

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Functional Textile Finishing Chemicals Market Report Highlights

• In 2022, The global functional textile finishing chemicals market size was valued at USD 3.36 billion and is anticipated to grow at a CAGR of 5.3% over the forecast period

• In 2022. Asia Pacific market accounted for the largest revenue share of 53.3%. Asian manufacturers are launching innovative performance finishing products to increase their customer base.

• Expansion of multinational players in the region, along with growing local consumption and stable economic conditions is projected to support the regional growth in the coming years.

• Market dynamics including strict regulatory amendments, technological advancements, and changing consumption and demand patterns are anticipated to impact the industry growth.

Functional Textile Finishing Chemicals Market Segmentation

Grand View Research has segmented the global functional textile finishing chemicals market on the basis of product, and region:

Functional Textile Finishing Chemicals Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Antimicrobial /Anti-inflammatory

• Flame retardant

• Repellent and Release

• Temperature Regulation

• Durable Press/Wrinkle Resistant

• Others

Functional Textile Finishing Chemicals Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Taiwan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

  • UAE

  • Egypt

List of Key Players in the Functional Textile Finishing Chemicals Market

• Dow

• Bayer AG

• BASF SE

• Sumitomo Chemical Co., Ltd.

• Huntsman International LLC

• Kemira

• Evonik Industries AG

• OMNOVA Solutions Inc.

• Lubrizol Corporation