Textile Finishing Chemicals Market worth $8.2 billion by 2024 – Exclusive Report By MarketsandMarkets

The global textile finishing chemicals market is estimated 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. The market is witnessing significant growth globally due to the rising demand for finishing chemicals in various applications. The increasing demand for technical textile and functional home textile finishes is expected to drive the textile finishing chemicals market, globally. However, stringent regulations for the disposal of textile finishing effluents pose as a major restraint for this market.

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Huntsman Corporation (US), Wacker Chemie AG (Germany), The Dow Chemical Company (US), Archroma (Switzerland), Evonik Industries (Germany), Dupont (US), Solvay SA (Belgium), Tanatex Chemicals B.V. (Netherlands), and Dystar Singapore PTE Ltd. (Singapore) are the leading textile finishing chemicals manufacturers, globally. These companies adopted expansion, new product development, joint venture, and merger & acquisition as their key growth strategies between 2015 and 2019 to earn a competitive advantage in market.

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APAC is projected to be the fastest-growing region for the textile finishing chemicals market and is expected to offer significant growth opportunities to the overall market during the forecast period. The market in APAC is much more dynamic and competitive than its western counterparts owing to the high demand and improving economic conditions. 

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Related Reports:

Textile Finishing Chemicals Market by Type (Softening Finishes, Repellent Finishes, Wrinkle Free Finishes, Coating Finishes, Mothproofing Finishes), Process (Pad-Dry Cure Process, Exhaust Dyeing Process), Application , Region - Global Forecast to 2024

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