Global Functional Textile Finishing Agents Databank Market Report

Global Functional Textile Finishing Agents Databank Market Report

The Functional Textile Finishing Agents market was valued at $3,415.8 Million in 2022, and is projected to reach $5,034.1 Million by 2031 growing at a CAGR of 4.45% from 2023 to 2031. Repellent and Release segment is expected to be the highest contributor to this market, with $658.8 Million in 2022, and is anticipated to reach $851.0 Million by 2031, registering a CAGR of 2.92%. Durable Press/Wrinkle Resistant segment is anticipated to reach $531.8 Million by 2031 with the highest CAGR of 6.61%. Repellent and Release and Flame retardant segments collectively expected to account for about 36.3% share of the Functional Textile Finishing Agents market in 2022, with the former constituting around 19.3% share. Durable Press/Wrinkle Resistant and Temperature Regulation segments are expected to witness significant growth rates at a CAGR of 6.61% and 6.24% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 19.2% in the overall Functional Textile Finishing Agents market in 2022, and is anticipated to reach 22.8% by 2031.