Sarasota, FL -- (SBWire) -- 04/02/2019 --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.
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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.
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.
By region, Asia Pacific was studied to be the largest market for functional textile finishing agents in 2018 and held the highest market share both in terms of revenue and volume. The increasing production of textile and fabrics in the region is expected to be the major factor driving the growth of the Asia Pacific functional textile finishing agents market in the future.
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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.
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
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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
Global Functional Textile Finishing Agents Market Is Expected to Reach Around USD 6,391 Million by 2025
Global functional textile finishing agents market expected to generate USD 6,391 million by 2025, at a CAGR of around 3.9% between 2019 and 2025. 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.