According to Future Market Insights, Inc., the global finishing chemical for coated fabrics market is expected to witness substantial growth, with its value forecasted to rise from USD 12,379.3 million in 2024 to USD 20,992.2 million by 2034. This significant increase represents a robust CAGR of 5.4% over the assessment period. The rising demand for coated fabrics across various industries, including automotive, fashion, and home furnishings, is driving this market expansion. Enhanced durability, aesthetic appeal, and functional properties of coated fabrics, achieved through advanced finishing chemicals, are key factors contributing to the growing market demand.
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.
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.
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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 an analyst at Future Market Insights, Inc.
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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.
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.
Leading Finishing Chemical for Coated Fabrics Industry 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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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