According to Future Market Insights, Inc., the global finishing chemical for coated fabrics market value is forecast to increase from USD 12,379.3 million in 2024 to USD 20,992.2 million by 2034. Over the assessment period, global demand for finishing chemicals for coated fabrics is projected to surge at a CAGR of 5.4%.
The silicone softener segment is expected to dominate the global finishing chemical for coated fabrics market through 2034. It will likely hold a volume share of 21.9% by 2024. On the other hand, the enzymatic bio-polishing agent segment is set to thrive at a steady CAGR of 8.2% through 2034.
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The finishing chemical for coated fabrics market is witnessing a steady growth rate. It is driven by diverse industrial applications. A few key end-use areas include apparel, automotive interiors, medical textiles, military and defense textiles, sports textiles, home furnishings, and others.
Demand for coated fabrics in protective clothing applications is on the rise as several industries are realizing the need for such clothing and gear at workplaces. Several chemicals like anti-static, flame retardant, and wicking agents impart unique characteristics to the coated fabrics. These features are set to help safeguard the workers working in risky and difficult environments.
China’s supportive government policies and incentives further play a pivotal role in fostering the growth of the finishing chemical for the coated fabrics industry. Government measures like subsidies on research and development, as well as investment incentives for infrastructure development, surge the competitiveness of manufacturers in China.
Key Takeaways from the Report
- The global finishing chemical for coated fabrics market is projected to thrive at 5.4% CAGR through 2034.
- By product type, the silicone softeners segment is expected to total a value of USD 3,578.9 million by 2034.
- By fabric type, the synthetic segment is expected to attain a value of USD 14,889.2 million by 2034.
- China is expected to account for a significant share of about 7.2% in 2034.
- India’s industry is anticipated to reach USD 2,470.2 million by 2034.
- South Korea is projected to attain a value of USD 1,307.2 million by 2034.
“The global finishing chemical for coated fabrics market is poised to witness healthy growth due to strict environmental regulations and expanding industries. New policies of government bodies are encouraging more manufacturers to produce finishing chemicals. Simultaneously, increasing end-use industries will help the demand to surge.” – says FMI Analyst.
Competitive Landscape
Key finishing chemicals for coated fabric manufacturers are focusing on launching cutting-edge products to cater to the specific needs of several industries. A few leading players aim to set up innovative production facilities in emerging countries to tap into niche areas and surge sales. With a growing focus on reducing carbon footprint, companies are coming up with sustainable products to create an eco-friendly business environment.
Key Players
- Sarex
- Pidilite
- Chemicone
- FCL Fineotex
- Agrawal Drugs and Chemicals Pvt. Ltd.
- Colourinn
- Embassy Silicones
- NICAA
- Kowa Emori Co Ltd
- Nisshinbo Textile Inc.
- HT Fine Chemicals
- Dymatic Chemicals Inc.
- Dr Petry
- Rudolf Group
Recent Development-
- In April 2024, Devan Chemicals, a Belgium-based innovative textile solutions provider, introduced Devan Stain Release, a new textile finishing technology. The release can help wash off both oil- and water-based stains with a high focus on sustainability. The release efficiently prevents stains like oils, tea, mid, ketchup, and grass from entering deep into the fibers. The product is specifically made for those who require the dual benefits of wicking and stain-release properties.
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More Insights into the Global Finishing Chemical for Coated Fabrics Market Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global finishing chemical for coated fabrics market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the global market potential, growth, and scope, the market is segmented based on product type, fabric type, end-use, and region.
Key Segmentations of Market Report
By Finishing Chemical Type:
The industry is divided into silicone softeners, cationic softeners, antistatic agents, durable water repellents (DWR), flame retardants, anti-pilling cum antislip agents, anticrease resins, wicking agents, yarn lubricants, stiffeners, polyurethane finishing agent, wax finishing agent, enzymatic bio-polishing agent, and other finishing auxiliaries.
By Fabric Type:
In terms of fabric type, the sector is bifurcated into natural and synthetic. The natural segment is trifurcated into cotton, silk, and others. The synthetic segment is divided into polyamide (nylon), polyester, and others.
By End-use:
A few end-uses include apparel, automotive interiors, medical textiles, military and defense textiles, sports textiles, and home furnishings.
By Region:
Information about key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and the Middle East and Africa is given.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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