The global functional textile finishing agents market value
is anticipated to exceed USD 4.52 billion by 2025, 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 2015, with demand
exceeding 250 kilo tons for the same year. It is projected to grow at an
estimated CAGR of 4.8% from 2016 to 2025. Flame retardant chemicals accounted
for over 22% of global consumption in 2015. 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.
Browse full research report on Functional Textile
Finishing Agents Market: http://www.grandviewresearch.com/industry-analysis/functional-textile-finishing-agents-market
Further key findings from
the report suggest:
- The global functional textile finishing agents demand
was 1,114.2 kilo tons in 2015 and is anticipated to grow at a CAGR of 5%
over the forecast period
- Temperature regulation agents market is anticipated
to reach a net worth exceeding USD 480 million by 2025
- Asia Pacific market is expected to grow at an
estimated CAGR of 5.5% from 2016 to 2025. 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.
- The global functional textile finishing agents market
is consolidated with the top five companies to account for over 45% of the
share in 2015. Major companies identified in this industry include Dow
Chemical Company, BASF, Bayer AG, Sumitomo Chemicals Co. Ltd. and Huntsman
International LLC.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the functional textile
finishing agents market on the basis of product and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million,
2014 - 2025)
- Antimicrobial
/Anti-inflammatory
- Flame
Retardant
- Repellent
and Release
- Temperature
Regulation
- Durable
Press/Wrinkle Resistant
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Asia
Pacific
- China
- South
Korea
- Taiwan
- Japan
- India
- Central
& South America
- Brazil
- Middle
East & Africa
- UAE
- Egypt
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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