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Functional textiles are textiles incorporated with certain functions of adjusting according to the requirement and application area. They have additional chemical & physical properties along with the normal properties that textile possesses. The traditional fabrics like cotton, silk, wool, polyester and others are treated with certain chemicals and agents in order to alter their performance. A textile finishing process is a series of operations applied to the fabric that potentially enhances its appearance, handling and functional properties such as resistance to water, UV light, chemicals, flame and odour.
Due to versatility of the functional textiles it is widely used in various application areas like anti-static, high-temperature, waterproof, applications, chemical, healthcare, pharmaceuticals, automotive, gas filtrations, air-conditioning & ventilation, construction, flame-resistant applications which is expected to drive the market for functional textiles finishing agents. Moreover, extensive R&D in developing eco-friendly reagents is likely to boost the market growth.
Key Market Driver -
Increasing use of functional textiles in end-use applications.
Key Market Restraint -
Harmful effects of some toxic textile finishing chemicals.
However, harmful effects of some selective chemical finishing agents like chlorine bleach, formaldehyde perfluorinated chemicals (PFCs) are likely to hinder the market growth.
Based on product, the market is segmented into anti-microbial and anti-bacterial, flame retardant, repellent and release, temperature regulation, durable press/ wrinkle resistance and others. Based on the textile type, the market is segmented into natural and synthetics.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global functional textile finishing agents market share is competitive with some of the key players operating in the market includes BASF, DOW Chemicals, FCL, Sumitomo Chemicals, Evonik Industries, HT Fine Chemical, Archroma, Bayer, Rudolf, Lubrizol Corporation, Huntsman Corp, and Others.
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The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominte the market attributed to healthy growth of the textile industries and large number of manufacturers in the region . Europe is the second-largest market for functional textile finishing agents attributed to the enormous growth of textile industries in Germany, France, UK and Italy. North America is expected to show moderate growth due to the extensive R&D. Latin America and Middle East and Africa are set to witness a significant growth by the end of forecast period, attributed to the high growth potential.
By Textile Type
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