Thursday, February 6, 2025
spot_img
spot_imgspot_img
HomeNews & ViewsIndustry FocusFunctional Textile finishing agent market is moving up

Functional Textile finishing agent market is moving up

textile-finishing-agentIt’s anticipated to grow global market for functional textile finishing agents to grow at a CAGR of five per cent till 2025. Increasing purchasing power and disposable income in emerging economies including China, Russia, Brazil, and India are projected to increase the demand for functional textile finishing agents in the next nine years. Another factor is rising consumer demand for protective fabrics due to growing health awareness and hygiene concerns. Flame retardant chemicals accounted for over 22 per cent of global consumption in 2015. Increasing use of performance finishing agents to discover innovative value-added fabrics so as to strengthen existing product lines and diversify into new horizons is expected to further boost the industry growth over the forecast period.

The Asia Pacific market is expected to grow at an estimated CAGR of 5.5 per cent from 2016 to 2025. Asian manufacturers are launching innovative performance finishing products to increase their customer base. Expansion of multinational players in the region, along with growing local consumption and stable economic conditions, is projected to support regional growth in the coming years.

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement - spot_img

Join Our Weekly Newsletter

spot_img

Upcoming Events

 

Simillar News

Recent Random

Solarizing Every Rooftop

Solar energy has the potential to transform energy landscapes, and Solaric Group is leading the charge. Founded in 2009 by scientist Didar Islam, Solaric...

Denmark Bangladesh project signing on food safety and sustainable production

Denmark and Bangladesh have further strengthened cooperation on food and agriculture to support a safe and sustainable food production in Bangladesh. On Monday 09...

Dhaka School of Economics Opens Admission for Master of Economics in Entrepreneurship Economics

Dhaka, Bangladesh – The Dhaka School of Economics (DScE), a constituent institution of the University of Dhaka, has announced that admission is now open...