The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Textile Finishing Chemicals Global Market Report 2023, the textile finishing chemicals market is expected to show significant growth in the forecast period.

Key insights from the textile finishing chemicals market forecast include:

1. Market Size

The global textile finishing chemicals market is expected to grow from $7.61 billion in 2022 to $8.05 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The global textile finishing chemicals market size is expected to grow to $9.95 billion in 2027 at a CAGR of 5.4%.

2. Major Driver

The increasing growth of the garment industry is projected to boost the textile finishing chemicals market ahead. The garment industry is defined as any industry that produces clothes that is created or intended to be worn by any human. Textile finishing chemicals are used in the clothing industry during textile finishing procedures such as cutting, washing, dyeing, coating, and stitching of fabrics to make desired garments or accessories such as footwear, jackets, trousers and tops. For example, according to a report by the National Retail Federation, a US-based retail trade association that represents the retail industry, sales at clothing and clothing accessory stores in the United States increased by 11.2% year on year and 0.8% month on month in May 2022. As a result, the rapid growth of the garment industry drives the growth of the textile finishing chemicals market.

View More On The Textile Finishing Chemicals Market Report 2023 – https://www.thebusinessresearchcompany.com/report/textile-finishing-chemicals-global-market-report

3. Key Trend

Technology developments are the most prevalent trend in the textile finishing chemicals industry. To expand their market position, major players in the textile finishing chemicals market are focusing on producing technologically advanced products. For example, in June 2022, Osmo Chemical Laboratories Pvt Ltd., an India-based speciality chemical producer, introduced Silky SF, a cationic softener with exceptional softening properties for all types of fabrics. The newly introduced item is inexpensive and adds a velvety texture to the fabric. The product will be available on the Indian and worldwide markets. Silky SF softener should be used to finish all types of fabric, especially cotton, because it provides the cloth a smooth surface. This finishing chemical provides the fabric its genuine physical texture.

4. Major Players

Major players in the textile finishing chemicals market are Archroma, DuPont de Nemours Inc., Dystar Singapore Pte. Ltd., Evonik Industries AG, Huntsman Corporation, Solvay S.A., The Dow Chemical Company, Wacker Chemie AG, CHT Group, Hangzhou Chungyo Chem Co. Ltd., Clariant AG, Bozzetto Group, Celanese Corporation, Fineotex Chemical Limited, and Ht Fine Chemicals Co. Ltd.

5. Top Market Segments

The global textile finishing chemicals market is segmented –

1) By Type: Softening Finishes, Repellent Finishes, Wrinkle-Free Finishes, Coating Finishes, Mothproofing Finishes, Other Types

2) By Process: Pad-Dry Cure Process, Exhaust Dyeing Process, Other Process

3) By Application: Clothing Textile, Home Textile, Technical Textile, Other Applications

Request A Sample Of The Global Textile Finishing Chemicals Market Report 2023:

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The Textile Finishing Chemicals Global Market Report 2023  provides an in-depth analysis on the textile finishing chemicals market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the textile finishing chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Textile Chemicals Global Market Report 2023

Textile And Fabric Finishing And Fabric Coating Mills Global Market Report 2023

Surface Active Agents Global Market Report 2023

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