Global Functional Textile Finishing Agents Market 2017-2021
About Functional Textile Finishing Agents
Textile chemicals are widely used in the processing of fabrics. Some of the main processes include dyeing, bleaching, printing, conditioning, and finishing. Functional textile finishing agents are used to enhance properties of fabrics and impart special functions to the fabrics. For instance, antimicrobial finishes provide bacterial and fungal resistance to fabrics and kill odor-causing bacteria. Water and oil repellent finishes are used to lower the surface tension of the fabric and change the surface characteristics.
Technavio’s analysts forecast the global functional textile finishing agents market to grow at a CAGR of 5.30% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global functional textile finishing agents market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Functional Textile Finishing Agents Market 2017-2021
Technavio recognizes the following companies as the key players in the global functional textile finishing agents market: BASF, Bayer, Huntsman Corporation, Sumitomo Chemicals, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Archroma, Evonik Industries, FCL, HT Fine Chemical, KAPP-CHEMIE, NICCA CHEMICAL, OMNOVA Solutions, Organic Dyes and Pigments, Pulcra Chemicals, Resil Chemicals, Rudolf, and The Lubrizol Corporation.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of nanotechnology in textiles. The applications of nanotechnology in textiles are rapidly increasing due to its significant properties. Nanotechnology has a high potential for profitable applications in cotton and textile fabrics. The application of nanotechnology in textile manufacturing increases the durability of fabrics, enhances their hygienic properties, and increases comfort.”
According to the report, one driver in the market is growing demand for finishing chemicals. The demand for functional textile finishing agents is growing at a steady rate. This growth can be attributed to the fact that these finishing agents allow garment makers, textile decorators, and textile manufacturers to differentiate their products by adding features such as wrinkle resistance, softness, flame, stains, and oil and water resistance. The functional textile finishing agents market will grow at a CAGR of 5.3% during the forecast period. These chemicals increase the functionality of textiles and assist in laminating, coating, and finishing. In addition, these chemicals can impart soil release and repellent properties, antimicrobial or antifungal properties, and temperature regulation features to textiles.
Further, the report states that one challenge in the market is toxicity of chemicals in functional textile finishing agents. The use of synthetic chemicals in textile finishing agents results in adverse effects on human health due to their high toxicity. Initially, wrinkle-free finishers were made with phenol formaldehyde condensates or dimethylol urea, which release urea-formaldehyde emissions that are toxic to humans. Formaldehyde is used as a stain resistance, wrinkle resistance, waterproofing, moth-proof, and anti-shrink agent. Toxic effects of formaldehyde include allergy, skin irritation, skin rashes, nausea, and eye and nose irritation.
BASF, Bayer, Huntsman Corporation, Sumitomo Chemicals, The Dow Chemical Company, Archroma, Evonik Industries, FCL, HT Fine Chemical, KAPP-CHEMIE, NICCA CHEMICAL, OMNOVA Solutions, Organic Dyes and Pigments, Pulcra Chemicals, Resil Chemicals, Rudolf, and The Lubrizol Corporation.