Global Anti crease Agent Market Size, Share & Trends Analysis Report, by Type, By Application, By Region Forecasts, 2023 - 2030

Global Anti crease Agent Market Size, Share & Trends Analysis Report, by Type, By Application, By Region Forecasts, 2023 - 2030

Global Anti crease Agent Market was valued at US $ 828.2 Million in 2022 and is expected to reach US $ 1300.2 million by 2030 growing at a CAGR of 5.8% during the forecast period 2023 – 2030.

Wrinkle-resistant agents, sometimes referred to as anti-crease agents, are a class of chemicals used in a variety of industries, primarily in the manufacturing of textiles and clothing. Their goal is to stop or lessen the development of creases and wrinkles in textiles. These agents are added at several points in the textile manufacturing cycle, but especially in the finishing phase, when they enable fabrics to maintain their smooth, pristine appearance through repeated washings and uses. Anti-crease compounds are primarily responsible for improving the general quality, durability, and aesthetic appeal of fabrics. They also lessen the need for time-consuming ironing, which saves consumers and business users both money and energy. Furthermore, some anti-crease agents give preference to eco-friendly formulations, which is in line with the global trend towards sustainable production practices. Anti-crease agents are available in a wide range of product forms, from conventional solutions to cutting-edge, environmentally friendly substitutes, and they are used in a wide range of textile, apparel, home textile, and industrial applications.

The anti-crease agent market has grown significantly as a result of the thriving manufacturing textile industry. The need for anti-crease chemicals is growing as textile output soars in many different industries. These agents are essential for maintaining the aesthetic appeal and quality of textiles during the complex processes of manufacturing, transit, and storage. In the textile sector, quality control is still crucial. Anti-crease chemicals make sure materials keep their smooth, wrinkle-free appearance, satisfying the demands of both producers and buyers. As the textile business grows, it produces fabrics for a range of uses, which calls for specific anti-crease products. The global reach of the textile manufacturing industry drives demand for anti-crease agents in export and local markets, which are essential for preserving textiles during long-distance transit. The need for anti-crease chemicals is increased by consumer demand for premium textiles. In keeping with sustainability objectives, the textile sector uses environmentally benign, sustainable anti-crease chemicals. Manufacturers and textile firms working together provide customised solutions and drive growth. The market value of the Indian textile sector reached 223 billion US dollars in 2021, a considerable increase over the previous year. According to Statista, the market is expected to reach a value of 220 billion dollars by 2026, indicating ongoing expansion.

“Dye-Bath Lubricant segment, by type, to be dominating market from 2023 to 2030.”

With a market share of more than 65.45% in 2022, dye-bath lubricants will be the most popular type of anti-crease products. This popularity can be ascribed to dye-bath lubricants' better efficacy over wet processing lubricants in reducing wrinkles and creases in fabrics. Additionally, dye-bath lubricants work better with a wider range of textiles and colours, which makes them the best option for a variety of uses. Their ability to work with a wide range of textiles and colours demonstrates their versatility, which has cemented their place as the go-to option for a number of textile applications. In addition, dye-bath lubricants have a long history in the industry, which helps explain their large market share.

“Public Use segment, by application, to be dominating market from 2023 to 2030.”

With about 62% of the market share in 2022, the public sector was the main application for anti-crease agents. This dominance can be linked to the textile industry's extensive usage of these agents to produce fabrics that are resistant to wrinkles for a range of industrial uses, such as bed linens, workwear, and uniforms. Anti-crease chemicals are crucial since these sectors need fabrics to look professional even after repeated washings and wear. The public sector contributes significantly to the anti-crease agent industry due to its established and steady demand.

“Asia Pacific to be largest region in Anti crease Agent market.”

Throughout the forecast period, the textile sector in growing economies like China, India, and Japan is expected to generate increased demand for anti-crease agents, with the Asia Pacific market leading the way. Growth in these markets is also anticipated to be fueled by rising urbanisation, industrialization, rising per capita income, changing fashion trends, and the expansion of the fashion sector. APAC is home to a thriving textile and garment sector, with key manufacturing hubs including China, India, Bangladesh, and Vietnam. The demand for high-quality clothing is rising along with the middle-class population's disposable money, necessitating the use of anti-crease chemicals. The region's popularity is further fueled by rapid urbanisation, an increasing emphasis on sustainability, and considerable research and development efforts. APAC leads this dynamic market because of the growing retail sector, reduced manufacturing costs, and more customer knowledge of the advantages of anti-crease chemicals. Due to shifting fashion industry trends, North America and Europe are predicted to have the next-highest demand for anti-crease chemicals in the near future.

in Anti crease Agent Competitive Landscape

The competitive landscape of the in Anti crease Agent market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of in Anti crease Agent technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The in Anti crease Agent market is highly competitive, with numerous companies vying for market share. Prominent companies in the in Anti crease Agent Market include:

Major Players:

Huntsman Advanced Materials, Kemira, Solvay Novecare, Evonik Textile Care, Zschimmer & Schwarz, Eastman Chemical, Stepan Company, Huntsman Textile Effects, Albemarle, Arch Chemicals, Evonik Industries, AkzoNobel, Solvay, Croda International, Lonza, Clariant, Ashland, Huntsman Corporation, BASF, Dow.

Recent Developments:

BASF will launch a novel environmentally friendly wrinkle-reduction product for textiles in 2023 that makes use of renewable resources. Castor oil is the source of this novel product, Crease-Stop®, which highlights the material's biodegradable and compostable qualities. Moreover, Crease-Stop® is excellent at preserving the smoothness of the fabric even after multiple washing cycles.

Dow releases a cutting-edge anti-crease product in September 2023 that improves surface quality and wrinkle resistance specifically for the paper industry. Presenting Dow XLA-501, a flexible non-ionic wetting agent appropriate for a broad spectrum of papermaking uses. When it comes to improving the smoothness and wrinkle resistance of coated paper kinds, its outstanding performance really comes through.

Huntsman Corporation will launch a cutting-edge wrinkle-reduction solution for personal care goods in August 2023, reducing the need for ironing and increasing wrinkle resistance. Introducing Huntsman Aegis® CR, a flexible silicone emulsion that may be used in a variety of personal care products, such as fabric softeners, skin care products, and hair care products.