Textile Finishing Chemicals Market Will Touch USD 11,983.2 Million Value by 2030: P&S Intelligence

NEW YORK, July 10, 2023 /PRNewswire/ -- The global textile finishing chemicals market is projected to be worth USD 11,983.2 million by 2030, growing at a CAGR of 3.8%, according to P&S Intelligence. These chemicals are consumed in significant volumes in furniture, textile, and other sectors. In this regard, the growing demand for unique finishes for residential upholstery and advanced textiles is propelling the market.

The main aim of such chemicals is to improve the aesthetic and functional features of outfits and make textiles eco-friendly and visually appealing. 

Technical Textile Category Is Advancing at Fastest Pace 

During the forecast period, the technical textile category will grow the most rapidly, by more than 5%. This is mainly because technical textiles have more-complex performance requirements in comparison to normal textiles.

Technical textiles often need to exhibit reinforcement, elasticity, tenacity, insulation, and mechanical, dust, thermal, fire, ultraviolet, and infrared resistance. Moreover, these textiles are widely accepted in the sports, agriculture, healthcare, aerospace, and construction sectors.

Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/textile-finishing-chemicals-market/report-sample

Softening Finishes Are High in Demand 

In 2022, the softening finishes category generated approximately 35% of the market revenue and dominated the type segment. Softeners are used as lubricants to make cloths softer (sleek, pliant, supple, and fluffy), flexible, better drapable, and smoother; lessen friction among fibers, and augment wrinkle resistance. Furthermore, softening finishes aid in soaking the mechanical stress of fibers.

Adoption of Pad-Dry Cure Process To Rise Fastest

During the projection period, the usage of the pad-dry cure is projected to witness the quickest progress. With this process, clothes can be given any kind of finish.

Asia-Pacific Is Dominating the Industry 

In 2022, the Asia-Pacific region dominated the market, and the region is also projected to be dominant in the future. This can mainly be credited to the growing textile sector, improving technology, rising comfort requirements of clients, and surging per capita income, which augments the purchasing power of individuals in the region.

Browse detailed report on Textile Finishing Chemicals Market Share, Growth and Demand Forecast to 2030

In the region, India consumes a massive amount of these chemicals, driven by the government efforts to boost its textile production and quality. Moreover, with the changing fashion trends under the influence of the Western culture, new kinds of textiles are gaining popularity among people.

China is another key market in the APAC region, on account of the rampant economic growth and boom in the textile industry. Further, silk has a deep association with the history and culture of the People's Republic, and silk is mostly given a shimmery finish, so that the sharp colors come out even more.

Textile Finishing Chemicals Market Segmentation Coverage in the Report

Textile Finishing Chemicals Market Analysis by Type

• Softening
• Repellent
• Wrinkle-Free
• Coating
• Mothproofing

Textile Finishing Chemicals Market Analysis by Process

• Pad-Dry Cure
• Exhaust-Dyeing

Textile Finishing Chemicals Market Analysis by Application

• Clothing Textile
• Home Textile
• Technical Textile

Textile Finishing Chemicals Market Regional Analysis

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Asia-Pacific
• Japan
• China
• India
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• Saudi Arabia
• South Africa
• U.A.E.

Browse More Reports Published by P&S

Progressing Cavity Pumps Market Size, Share, Development and Demand Forecast to 2030

Acetone Market Size, Share, Development and Demand Forecast to 2030

Recycled Elastomers Market Size, Share, Development and Demand Forecast to 2030

Industrial Filtration Market Size, Share, Development and Demand Forecast to 2030

Vinyl Sulfone Market Size, Share, Development and Demand Forecast to 2030

About P&S Intelligence

P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.

Contact:
Chandra Mohan
AVP – Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow Us: LinkedIn Twitter

Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg