Functional Textile Finishing Agent Market Report: Trends, Forecast and Competitive Analysis to 2030

Functional Textile Finishing Agent Market Report: Trends, Forecast and Competitive Analysis to 2030

Functional Textile Finishing Agent Trends and Forecast

The future of the global functional textile finishing agent market looks promising with opportunities in the microbial & anti-bacterial, flame retardant, repellent & release, temperature regulation, and durable press/ wrinkle resistance markets. The global functional textile finishing agent market is expected to reach an estimated $4.0 billion by 2030 with a CAGR of 5.0% from 2024 to 2030. The major drivers for this market are growing demand for textiles with enhanced performance and functionality, improvements in R&D activities, and a rise in consumer demand for environmentally friendly goods.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Functional Textile Finishing Agent by Segment

The study includes a forecast for the global functional textile finishing agent by product type, textile type, and region.

Functional Textile Finishing Agent Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Microbial & Anti-Bacterial
• Flame Retardant
• Repellent & Release
• Temperature Regulation
• Durable Press/ Wrinkle Resistance
• Others

Functional Textile Finishing Agent Market by Textile Type [Shipment Analysis by Value from 2018 to 2030]:

• Natural
• Synthetic

Functional Textile Finishing Agent Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Functional Textile Finishing Agent Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies functional textile finishing agent companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the functional textile finishing agent companies profiled in this report include-

• BASF
• DOW Chemicals
• FCL
• Sumitomo Chemicals
• Evonik Industries
• HT Fine Chemical
• Archroma
• Bayer
• Rudolf
• Lubrizol

Functional Textile Finishing Agent Market Insights

Lucintel forecasts that natural is expected to witness the higher growth over the forecast period.

APAC will remain the largest region over the forecast period due to growing production of textile chemicals in emerging economies such as India, China, Bangladesh, and Vietnam and favorable government initiatives in the region.

Features of the Global Functional Textile Finishing Agent Market

Market Size Estimates: Functional textile finishing agent market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Functional textile finishing agent market size by product type, textile type, and region in terms of value ($B).

Regional Analysis: Functional textile finishing agent market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product type, textile type, and regions for the functional textile finishing agent market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the functional textile finishing agent market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the functional textile finishing agent market size?

Answer: The global functional textile finishing agent market is expected to reach an estimated $4.0 billion by 2030.

Q2. What is the growth forecast for functional textile finishing agent market?

Answer: The global functional textile finishing agent market is expected to grow with a CAGR of 5.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the functional textile finishing agent market?

Answer: The major drivers for this market are growing demand for textiles with enhanced performance and functionality, improvements in R&D activities, and a rise in consumer demand for environmentally friendly goods.

Q4. What are the major segments for functional textile finishing agent market?

Answer: The future of the global functional textile finishing agent market looks promising with opportunities in the microbial & anti-bacterial, flame retardant, repellent & release, temperature regulation, and durable press/ wrinkle resistance markets.

Q5. Who are the key functional textile finishing agent market companies?

Answer: Some of the key functional textile finishing agent companies are as follows:

• BASF
• DOW Chemicals
• FCL
• Sumitomo Chemicals
• Evonik Industries
• HT Fine Chemical
• Archroma
• Bayer
• Rudolf
• Lubrizol

Q6. Which functional textile finishing agent market segment will be the largest in future?

Answer: Lucintel forecasts that natural is expected to witness the higher growth over the forecast period.

Q7. In functional textile finishing agent market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing production of textile chemicals in emerging economies such as India, China, Bangladesh, and Vietnam and favorable government initiatives in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the functional textile finishing agent market by product type (microbial & anti-bacterial, flame retardant, repellent & release, temperature regulation, durable press/ wrinkle resistance, and others), textile type (natural and synthetic), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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