The global textile finishing chemicals market size is expected to grow from USD 6.2 billion in 2019 to USD 8.2 billion by 2024, at a CAGR of 5.5% during the forecast period. Increasing demand from various textile applications is expected to drive the textile finishing chemicals market.
It is driven by various factors, such as high demand from the technical textile and home textile applications. The softening finishes type segment is estimated to drive the global textile finishing market during the forecast period.
The global textile finishing chemicals market has been divided into 6 major types – softening finishes, repellent finishes, wrinkle-free finishes, coating finishes, mothproofing finishes, and others. The softening finishes segment is projected to be the largest and the fastest-growing type of textile finishing chemicals, globally during the forecast period. Softening finishes are commonly used because they assist textiles to attain softness, smoothness, flexibility, superior drape, and elastic properties. Moreover, softening finishes provides a refreshing fragrance as well as reduces the danger of germ invasion. These finishes reduce the wear and tear of the apparel and also provide shape retention, which further fuels the demand for textile softener finishes in the market. The growth is mainly attributed to the increasing use of softening finishes in the clothing textiles and home textiles.
