San Francisco, 24 December 2018, Functional Textile Finishing Agents Market by
Product (Antimicrobial, Flame Retardant, Repellent and Release, Temperature
Regulation, Durable Press/Wrinkle Resistant), By Region, Competitive
Strategies, And Segment Forecasts, 2018 – 2025.
The global functiona ltextile 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.
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Report On Functional Textile Finishing Agents Analysis:
www.grandviewresearch.com/industry-analysis/functional-textile-finishing-agents-market
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 At: 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
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
France
·
Asia Pacific
o
China
o
South Korea
o
Taiwan
o
Japan
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
o
UAE
o
Egypt
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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.
For more information: www.grandviewresearch.com/
