Textile Finishing Chemicals Market To Generate $11,983.2 Million Revenue by 2030

The global textile finishing chemicals market size is expected to advance at a CAGR of 3.8% during 2022–2030, to reach USD 11,983.2 million by 2030. This can be ascribed to the rising demand for such chemicals in the textile, furniture, automobile, construction, and other industries. Also, these finish chemicals help make clothes more nature friendly and attractive and improve the functional and aesthetic properties of clothes.

Additionally, almost 7,900 synthetic chemical materials are utilized in clothes production processes, from raw materials to finished goods. There are three types of finish treatments, namely, wash & wear finishing, anti-crease finishing, and durable press treatment.

European Market Is Expected To Hold Significant Share

The European market is expected to hold significant share in the next few years. This can be attributed to rapid urbanization, the growing textile industry, the rising demand for such chemicals in the healthcare sector, and the increasing spending on clothes in the region. Moreover, the increasing usage of geotextiles is also driving the market for technical textiles, which, in turn, boosts the demand for finishing chemicals.

For instance, it is expected that the usage of chemicals will grow by almost 70% by 2027. In addition, an average of 26 kg of textiles is used by an individual every year. Moreover, Germany, Spain, Italy, the U.K., and France are the major markets in the region.

Repellent Finishes Category To Grow Significantly

The repellent finishes category is expected to grow at a significant growth rate over the next few years. This can be due to the surging need for resistant components in several industries. There are several types of repellent finishes used, such as oil repellent and water repellent. These finishes cover the surface of products and offer very excellent durability and water-repellency. Also, these are used in the manufacturing of carpets, surgical gowns, umbrellas, and other products.

Moreover, these repellant agents can be used to reduce building deterioration and damage to automobile parts. Complete waterproof components are majorly required from automobile companies. All these factors are responsible for the growth of the market in this category.

Demand for Wrinkle-Free Finishes To Rise at a Significant Growth Rate

The wrinkle-free finishes category is expected to grow at a significant growth rate during the forecast period. This can be because wrinkle-free finishes act as a crosslinker between enhancing stability, hydrogen bonds, and preventing wrinkling, and the clothes made of these finishes do not require pressing.

Some of the major players operating in the textile finishing chemicals market are Huntsman International LLC, Wacker Chemie AG, The Dow Chemical Company, Archroma, Evonik Industries AG, DuPont, Solvay, TANATEX Chemicals B.V., Dystar Singapore PTE Ltd., and Kiri Industries Ltd.