Global Functional Textile
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.
Repellent 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.
Access Full Research Report on Global Functional Textile
Finishing Agents Market: http://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.
View More Reports
from same category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research
has segmented the Global 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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Asia
Pacific
- China
- South
Korea
- Taiwan
- Japan
- India
- Central
& South America
- Brazil
- Middle
East & Africa
- UAE
- Egypt
View Press Release on Global Functional Textile Finishing Agents Market By Grand View Research: http://www.grandviewresearch.com/press-release/global-functional-textile-finishing-agents-market
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.
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.
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