New York, NY, March 28, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Functional Textile Finishing Agents Market by Type (Anti-Microbial & Anti-Bacterial, Flame Retardant, Repellent & Release, Temperature Regulation, Durable Press/Wrinkle Resistance, and Others) and by Textile Type (Natural and Synthetic): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global functional textile finishing agents market was valued at approximately USD 5,047 million in 2018 and is expected to generate USD 6,391 million by 2025, at a CAGR of around 3.9% between 2019 and 2025.
Functional textile finishing agents are used in textile manufacturing make them resistant to microbes, crease, flame, water, and stain resistance. These fabrics are used by different industries, such as defense, hospitals, home textiles, etc. They are also used in the manufacturing of other materials, such as sanitary materials, surgical threads, filtration materials, etc.
Browse through 72 Tables & 25 Figures spread over 110 Pages and in-depth TOC on “Global Functional Textile Finishing Agents Market: Industry Type, Size, Share, Trends and Forecast 2018–2025”.
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The global functional textile finishing agents market is expected to witness remarkable growth over the forecast time period, owing to huge product demand from the textile industry across the globe. The global textile industry is predicted to grow at a rate of over 18% from 2016 to 2021. The increasing awareness regarding the damage caused by exposure to sunlight, chemicals, micro-organisms, etc. is expected to further aid the growth of the global functional textile finishing agents market. Moreover, the expansion of production lines by the key manufacturers due to the growing textile demand is also expected to propel the functional textile finishing agents market over the forecast time period. The implementation of advanced manufacturing and fabrication techniques to produce smart and advanced clothing is expected to positively impact the functional textile finishing agents market in the upcoming years. However, the legislation on the manufacturing of chemicals in several regions may restrain the functional textile finishing agents market globally. The development of bio-based textile finishing agents is expected to provide several new growth avenues for the players operating in the global functional textile finishing agents market.
Based on the type, the global functional textile finishing agents market is segmented into anti-microbial and anti-bacterial, flame retardant, repellent and release, temperature regulation, durable press/wrinkle resistance, and others. On the basis of textile type, the market is segmented into natural and synthetic. The synthetic textile segment held the largest share of the global functional textile finishing agents market in 2018.
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The North American functional textile finishing agents market is expected to witness moderate growth over the forecast time period, as the region’s textile industry is expected to be the major revenue contributor to this market. Moreover, the demand for smart and enhanced textiles from several sectors, such as defense, healthcare, fashion, etc., is expected to further propel the functional textile finishing agents market in the future.
Europe held a significant share of the global functional textile finishing agents market in 2018, due to the presence of major industry players, such as BASF SE, Covestro, etc. Moreover, the European textile sector is of great significance to the economy, as it employs around 6% of the European population in the manufacturing sector.
Browse the full “Functional Textile Finishing Agents Market by Type (Anti-Microbial & Anti-Bacterial, Flame Retardant, Repellent & Release, Temperature Regulation, Durable Press/Wrinkle Resistance, and Others) and by Textile Type (Natural and Synthetic): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/functional-textile-finishing-agents-market
The Asia Pacific functional textile finishing agents market held the largest market share in 2018 and is expected to grow at the highest rate over the forecast timeframe. This regional functional textile finishing agents market is particularly expected to grow in developing countries, such as China, India, Bangladesh, etc. The region is a major hub for the textile industry with a majority of the global textile production happening across the region, owing to the economical cost of labor, easy availability of raw materials, etc.. China is a major textile exporter and holds over 35% of the global textile and apparel exports.
Latin America and the Middle East and Africa are expected to witness moderate growth in the global functional textile finishing agents market over the forecast time period, owing to the growing product demand from the regions’ textile industries and the rising migration activities, and increasing influx of expats in the region.
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Some key players operating in the global functional textile finishing agents market include BASF SE, Covestro, Huntsman Corporation, Sumitomo Chemicals, The Dow Chemical Company, Archroma, Evonik Industries, FCL, HT Fine Chemical, and KAPP-CHEMIE, among others.
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This report segments the global functional textile finishing agents market into:
Global Functional Textile Finishing Agents Market: Type Analysis
- Anti-Microbial and Anti-Bacterial
- Flame Retardant
- Repellent and Release
- Temperature Regulation
- Durable Press/Wrinkle Resistance
- Others
Global Functional Textile Finishing Agents Market: Textile Type Segment Analysis
- Natural
- Synthetic
Global Functional Textile Finishing Agents Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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