[FURL=https://www.industryarc.com/Research/Denim-Finishing-Agents-Market-Research-503430?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Denim Finishing Agents Market[/FURL] size is forecast to reach US$ 3.5 billion by 2026, after growing at a CAGR of 5.5% during 2021-2026. Globally, the employment of specialist formulations in the production of denim products such as jeans, jackets, bags, trousers, and accessories has increased the demand for finishing chemicals.Key Takeaways
APAC region dominated the denim finishing agents market owing to the rising investments in the textile and apparel industry. For instance, according to Invest India till March 2021, FDI in the textiles and apparel industry has reached $3.75 billion.
Also, the growing demand for novel stain-resistant textiles and colored denim are the two market potential opportunities that are expected to boost the growth of the denim finishing agents market over the forecast period.
Increasing awareness about the heavy consumption of water and hazardous chemicals in fabric wet processing is contributing to the development of bio-based finishing formulations, which is further estimated to drive the growth of the denim finishing agents industry.
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Denim Finishing Agents Market Segment Analysis – By Geography
Asia Pacific region dominated the denim finishing agents market with a share of 35% in 2020 and is projected to dominate the market during the forecast period (2021-2026). Rapidly rising investments in the textile and apparel sector along with the production of new denim manufacturing industries would further drive the growth of the industry over the forecast period. For instance, Saitex, a Vietnamese denim producer is extending its operations in the country by constructing a new manufacturing facility. The facility will be operational in August 2021. Also, as per a news report of March 2020, three new denim manufacturing plants With an annual capacity of 20 million meters each, including Lodz Denim, JRD Denim at Ankleshwar, and Signet Denim at Palsana near Surat have set up their factories, bringing the total yearly installed capacity to 160 million meters; 8% of the total 1,550 million meters produced in the country.
Denim Finishing Agents Market Driver
Increasing Growth of Nanotechnology and Nano-coatings for denim finishing would drive the Market Growth
Rising Demand for Eco-friendly Denim
Denim Finishing Agents Market Landscape
Major players in the denim finishing agents market are BASF SE, The Dow Chemical Company, Huntsman Corporation, CHT Group, Americos Industries, Seydel Companies, Garmon Chemicals, Rudolf GmbH, Asutex, Pulcra Chemicals, and others.
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