The Textile Finishing Agents Market size was valued at USD 2.71 billion in 2023 and is expected to grow to USD 4.03 billion by 2031 and grow at a CAGR of 5.02% over the forecast period of 2024-2031.
Textile finishing agents are the chemicals that are used on fabrics after manufacturing but before the cutting and sewing into garments or converted into various things. By using these agents, it gives the desired effects and it can also have the functional and aesthetic benefits. Textile finishing is an important process done on the fabrics to improve their appearance of that fabrics, wearing quality, and properties of that fabric such as softness, waterproofing, flameproofing, and many more. It is the last step of the manufacturing process of the fabrics. Textile finishing agents are also called beautifications agents and the process is called beautification processes.
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Textile finishing agents give two types of finishing one is mechanical finishing and another is chemical finishing. Mechanical finishing involves the application of physical principles and it includes raising, calendaring, sanforizing (compressive shrinkage), embossing, brushing, peaching, and cropping. On the other hand, chemical textile finishing involves a chemical application that includes antistatic activity, flame retardants, water resistance, softener, antimicrobial, and photoprotection.
It also helps to cover the faults in the original clothes. Textile finishing agents are important because they help to make textile material user-friendly and marketable. But, finished fabrics also have some disadvantages such as poor elasticity, poor washing resistance, large shrinkage, poor storage stability, and additional formaldehyde release.
Drivers
Rising per-capita income of the developing nations
Changing lifestyle due to urbanization
The increasing rural-to-urban migration
Rising need and demand for apparel products
Increasing the standard of living
For education or good career people from rural area decides to shift to the urban area which increases the demand for fashionable and quality clothes according to the trend driving the market for textile finishing agents. Increasing disposal income in emerging countries and changing lifestyle of the people due to industrialization and urbanization has increased the demand for up-to-date apparel which further boosts the textile finishing agents market.
Restrain
Strict environmental regulations imposed by the government regarding the textile finishing effluents disposal
Opportunities
Continuous change in fashion trends
Challenges
Complex manufacturing process
The production of textile finishing agents uses various hazardous chemicals and toxic particles which are regulated by the government to reduce the harmful effect of these chemicals on the environment. Due to this reason handling of these hazardous chemical agents is difficult which makes the manufacturing process complex.
The outbreak of COVID-19 has been an acid test for various industries across the globe. The textile industry was affected massively from both the demand and supply side during the pandemic. The major supply chain disruption by China as China is the largest producer of textiles affected the market severely. The textile finishing agents market is dependent on the production of the textile industry. The low demand for luxurious and expensive clothes and materials has reduced the need for finishing agents in the textile industry. The total disruption of workflows and production schedules further decreased the production capacity of the textile industry. Due to the stringent regulation imposed by the government, thousands of garment companies had to shut down their factories.
The ongoing conflict between Russia and Ukraine has had a significant impact on various industries, including the textile industry. One area that has been particularly affected is the use of textile finishing agents. Textile finishing agents are chemicals used to enhance the properties of fabrics, such as softness, durability, and water resistance. Many of these agents are imported from Russia, which has been a major supplier to the global textile industry.
However, due to the sanctions imposed on Russia by the international community, the supply of these agents has been disrupted. This has led to a shortage of textile finishing agents, causing delays in production and increased costs for manufacturers. Furthermore, the conflict has also affected the transportation of these agents, as many of the major transport routes pass through Ukraine. The instability in the region has made it difficult for companies to transport their goods, leading to further delays and increased costs.
The textile industry has been significantly affected by the recent economic recession. One area that has been particularly impacted is the market for textile finishing agents. These agents are used to enhance the properties of textiles, such as durability, water resistance, and color fastness. However, due to the recession, the demand for these agents has decreased, resulting in a decline in sales and revenue for manufacturers.
The recession has also led to a shift in consumer behavior, with many opting for cheaper and more basic textiles. This has further reduced the demand for finishing agents, as these are typically used on higher-end textiles. As a result, manufacturers have had to adjust their production and marketing strategies to remain competitive in the market.
By Type:
Aesthetic
Functional
By Product:
Water Repellant
Flame-Retardant
Softeners
Antibacterial & Antimicrobial
Fragrance Agents
Others
By Application:
Apparel
Home Furnishing
Technical Textiles
Other
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The Asia Pacific region dominated the textile finishing agents market and hold the largest revenue share of about 58.46% in 2023. This growth is attributed to the changing lifestyle of the people due to the increasing per capita income, rapid industrialization and urbanization, and increasing migration of people from rural to urban areas. The increasing use of shielding fabrics in the healthcare sector during the COVID-19 pandemic drives the demand for the textile finishing agent market in Asian countries. The presence of a large number of manufacturers and the growth of the textile industry boosted the market significantly.
Europe is expected to grow with a significant CAGR during the forecast period due to the enormous textile industry growth in the countries like UK, Germany, France, and Italy. Increasing R&D activities and high growth potential drives the market for textile finishing agents in the European region.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Key Players are Dow, Fineotex Chemical Ltd., BASF SE, Synthomer plc, Huntsman International LLC, Sarex, Resil Chemicals Pvt. Ltd., Zydex Group, DyStar Singapore Pte Ltd., Lubrizol Corp., Archroma, Kemin Industries Inc., BioTex Malaysia, AB Enzymes, Evonik Industries, Organic Dyes, Pigments LLC & Other Players.
In Feb 2021, Dow announced the new generation of durable water-repellant finishes (Dowsil IE-8749 Emulsion) for fabric based on silicon chemistry.
| Report Attributes | Details |
| Market Size in 2023 | US$ 2.71 Bn |
| Market Size by 2031 | US$ 4.03 Bn |
| CAGR | CAGR of 5.02% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Aesthetic and Functional) • By Product (Water Repellant, Flame-Retardant, Softeners, Antibacterial & Antimicrobial, Fragrance Agents, and Others) • By Application (Apparel, Home Furnishing, Technical Textiles, and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Dow, Fineotex Chemical Ltd., BASF SE, Synthomer plc, Huntsman International LLC, Sarex, Resil Chemicals Pvt. Ltd., Zydex Group, DyStar Singapore Pte Ltd., Lubrizol Corp., Archroma, Kemin Industries Inc., BioTex Malaysia, AB Enzymes, Evonik Industries, Organic Dyes, Pigments LLC |
| Key Drivers | • Rising per-capita income of the developing nations • Changing lifestyle due to urbanization • The increasing rural-to-urban migration |
| Market Opportunities | • Continuous change in fashion trends |
The expected CAGR of the global Textile Finishing Agents Market during the forecast period is 5.02%.
The market size of the Textile Finishing Agents Market is USD 2.71 billion in 2023.
The major key players are Dow, Fineotex Chemical Ltd., BASF SE, Synthomer plc, Huntsman International LLC, Sarex, Resil Chemicals Pvt. Ltd., Zydex Group, DyStar Singapore Pte Ltd., Lubrizol Corp., Archroma, Kemin Industries Inc., BioTex Malaysia, AB Enzymes, Evonik Industries, Organic Dyes, Pigments LLC
Asia-Pacific region dominated the Textile Finishing Agents Market.
Rising per-capita income of the developing nations, changing lifestyles due to urbanization, increasing rural-to-urban migration, rising need and demand for apparel products, and increasing the standard of living are the driving factors of the Textile Finishing Agents Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Textile Finishing Agents Market Segmentation, By Type
8.1 Aesthetic
8.2 Functional
9. Textile Finishing Agents Market Segmentation, By Product
9.1 Water Repellant
9.2 Flame-Retardant
9.3 Softeners
9.4 Antibacterial & Antimicrobial
9.5 Fragrance Agents
9.6 Others
10. Textile Finishing Agents Market Segmentation, By Application
10.1 Apparel
10.2 Home Furnishing
10.3 Technical Textiles
10.4 Other
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Textile Finishing Agents Market by Country
11.2.2North America Textile Finishing Agents Market by Type
11.2.3 North America Textile Finishing Agents Market by Product
11.2.4 North America Textile Finishing Agents Market by Application
11.2.5 USA
11.2.5.1 USA Textile Finishing Agents Market by Type
11.2.5.2 USA Textile Finishing Agents Market by Product
11.2.5.3 USA Textile Finishing Agents Market by Application
11.2.6 Canada
11.2.6.1 Canada Textile Finishing Agents Market by Type
11.2.6.2 Canada Textile Finishing Agents Market by Product
11.2.6.3 Canada Textile Finishing Agents Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Textile Finishing Agents Market by Type
11.2.7.2 Mexico Textile Finishing Agents Market by Product
11.2.7.3 Mexico Textile Finishing Agents Market by Application
11.3 Europe
11.3.1 Europe Textile Finishing Agents Market by Country
11.3.2 Europe Textile Finishing Agents Market by Type
11.3.3 Europe Textile Finishing Agents Market by Product
11.3.4Europe Textile Finishing Agents Market by Application
11.3.5Germany
11.3.5.1 Germany Textile Finishing Agents Market by Type
11.3.5.2 Germany Textile Finishing Agents Market by Product
11.3.5.3 Germany Textile Finishing Agents Market by Application
11.3.6 UK
11.3.6.1 UK Textile Finishing Agents Market by Type
11.3.6.2 UK Textile Finishing Agents Market by Product
11.3.6.3 UK Textile Finishing Agents Market by Application
11.3.7 France
11.3.7.1 France Textile Finishing Agents Market by Type
11.3.7.2 France Textile Finishing Agents Market by Product
11.3.7.3 France Textile Finishing Agents Market by Application
11.3.8 Italy
11.3.8.1 Italy Textile Finishing Agents Market by Type
11.3.8.2 Italy Textile Finishing Agents Market by Product
11.3.8.3 Italy Textile Finishing Agents Market by Application
11.3.9 Spain
11.3.9.1 Spain Textile Finishing Agents Market by Type
11.3.9.2 Spain Textile Finishing Agents Market by Product
11.3.9.3 Spain Textile Finishing Agents Market by Application
11.3.10 The Netherlands
11.3.10.1 Netherlands Textile Finishing Agents Market by Type
11.3.10.2 Netherlands Textile Finishing Agents Market by Product
11.3.10.3 Netherlands Textile Finishing Agents Market by Application
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Textile Finishing Agents Market by Type
11.3.11.2 Rest of Europe Textile Finishing Agents Market by Product
11.3.11.3 Rest of Europe Textile Finishing Agents Market by Application
11.4 Asia-Pacific
11.4.1 Asia Pacific Textile Finishing Agents Market by Country
11.4.2Asia Pacific Textile Finishing Agents Market by Type
11.4.3 Asia Pacific Textile Finishing Agents Market by Product
11.4.4 Asia Pacific Textile Finishing Agents Market by Application
11.4.5 Japan
11.4.5.1 Japan Textile Finishing Agents Market by Type
11.4.5. 2Japan Textile Finishing Agents Market by Product
11.4.5. 3Japan Textile Finishing Agents Market by Application
11.4.6 South Korea
11.4.6.1 South Korea Textile Finishing Agents Market by Type
11.4.6.2. South Korea Textile Finishing Agents Market by Product
11.4.6.3. South Korea Textile Finishing Agents Market by Application
11.4.7China
11.4.7.1 China Textile Finishing Agents Market by Type
11.4.7.2. China Textile Finishing Agents Market by Product
11.4.7.3. China Textile Finishing Agents Market by Application
11.4.8 India
11.4.8.1 India Textile Finishing Agents Market by Type
11.4.8.2. India Textile Finishing Agents Market by Product
11.4.8.3 India Textile Finishing Agents Market by Application
11.4.9Australia
11.4.8.1 Australia Textile Finishing Agents Market by Type
11.4.8.2. Australia Textile Finishing Agents Market by Product
11.4.8.3. Australia Textile Finishing Agents Market by Application
11.4.10Rest of Asia-Pacific
11.4.10.1 APAC Textile Finishing Agents Market by Type
11.4.10.2. APAC Textile Finishing Agents Market by Product
11.4.10.3. APAC Textile Finishing Agents Market by Application
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Textile Finishing Agents Market by Country
11.5.2 The Middle East & Africa Textile Finishing Agents Market by Type
11.5.3The Middle East & Africa Textile Finishing Agents Market by Product
11.5.4The Middle East & Africa Textile Finishing Agents Market by Application
11.5.5Israel
11.5.5.1 Israel Textile Finishing Agents Market by Type
11.5.5.2 Israel Textile Finishing Agents Market by Product
11.5.5.3 Israel Textile Finishing Agents Market by Application
11.5.6 UAE
11.5.6.1 UAE Textile Finishing Agents Market by Type
11.5.6.2 Israel Textile Finishing Agents Market by Product
11.5.6.3 Israel Textile Finishing Agents Market by Application
11.5.7South Africa
11.5.7.1 South Africa Textile Finishing Agents Market by Type
11.5.7.2 South Africa Textile Finishing Agents Market by Product
11.5.7.3 South Africa Textile Finishing Agents Market by Application
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Textile Finishing Agents Market by Type
11.5.8.2 Rest of Middle East & Asia Textile Finishing Agents Market by Product
11.5.8.3 Rest of Middle East & Asia Textile Finishing Agents Market by Application
11.6 Latin America
11.6.1 Latin America Textile Finishing Agents Market by Country
11.6.2. Latin America Textile Finishing Agents Market by Type
11.6.3 Latin America Textile Finishing Agents Market by Product
11.6.4 Latin America Textile Finishing Agents Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Textile Finishing Agents Market by Type
11.6.5.2 Brazil Textile Finishing Agents Market by Product
11.6.5.3Brazil Textile Finishing Agents Market by Application
11.6.6Argentina
11.6.6.1 Argentina Textile Finishing Agents Market by Type
11.6.6.2 Argentina Textile Finishing Agents Market by Product
11.6.6.3 Argentina Textile Finishing Agents Market by Application
11.6.7Rest of Latin America
11.6.7.1 Rest of Latin America Textile Finishing Agents Market by Type
11.6.7.2 Rest of Latin America Textile Finishing Agents Market by Product
11.6.7.3Rest of Latin America Textile Finishing Agents Market by Application
12. Company Profile
12.1 Dow
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Fineotex Chemical Ltd.
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 BASF SE
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Synthomer plc
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Huntsman International LLC
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Sarex
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Resil Chemicals Pvt. Ltd.
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Zydex Group
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 DyStar Singapore Pte Ltd.
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Lubrizol Corp.
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Archroma
12.11.1 Market Overview
12.11.2 Financials
12.11.3 Product/Services/Offerings
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Kemin Industries Inc.
12.12.1 Market Overview
12.12.2 Financials
12.12.3 Product/Services/Offerings
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.13 BioTex Malaysia
12.13.1 Market Overview
12.13.2 Financials
12.13.3 Product/Services/Offerings
12.13.4 SWOT Analysis
12.13.5 The SNS View
12.14 AB Enzymes
12.14.1 Market Overview
12.14.2 Financials
12.14.3 Product/Services/Offerings
12.14.4 SWOT Analysis
12.14.5 The SNS View
12.15 Evonik Industries
12.15.1 Market Overview
12.15.2 Financials
12.15.3 Product/Services/Offerings
12.15.4 SWOT Analysis
12.15.5 The SNS View
12.16 Organic Dyes
12.16.1 Market Overview
12.16.2 Financials
12.16.3 Product/Services/Offerings
12.16.4 SWOT Analysis
12.16.5 The SNS View
12.17 Pigments LLC
12.17.1 Market Overview
12.17.2 Financials
12.17.3 Product/Services/Offerings
12.17.4 SWOT Analysis
12.17.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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