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Functional Textile Finishing Agents - Global Market Trajectory & Analytics

  • ID: 5029885
  • Report
  • April 2021
  • Region: Global
  • 191 pages
  • Global Industry Analysts, Inc
Global Functional Textile Finishing Agents Market to Reach 1.9 Million Tons by 2027

Amid the COVID-19 crisis, the global market for Functional Textile Finishing Agents estimated at 1.4 Million Tons in the year 2020, is projected to reach a revised size of 1.9 Million Tons by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Antimicrobial/Anti-inflammatory, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach 346 Thousand Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Flame Retardant segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at 371.5 Thousand Tons, While China is Forecast to Grow at 7.9% CAGR

The Functional Textile Finishing Agents market in the U.S. is estimated at 371.5 Thousand Tons in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of 404.2 Thousand Tons by the year 2027 trailing a CAGR of 7.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Repellent & Release Segment to Record 5.2% CAGR

In the global Repellent & Release segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of 185.8 Thousand Tons in the year 2020 will reach a projected size of 257.9 Thousand Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 256.5 Thousand Tons by the year 2027, while Latin America will expand at a 6.4% CAGR through the analysis period.

Select Competitors (Total 41 Featured):
  • Archroma Management LLC
  • BASF SE
  • Bayer AG
  • DowDupont Inc.
  • Ethox Chemicals, LLC
  • Evonik Industries AG
  • Huntsman International LLC
  • Kemira Oyj
  • Kiri Industries Ltd.
  • Omnova Solutions, Inc.
  • Organic Dyes and Pigments
  • Sumitomo Chemical Co., Ltd.
  • The Lubrizol Corporation
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown
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