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Finishing Chemical for Coated Fabrics Market Outlook from 2024 to 2034

The global finishing chemical for coated fabrics market size reached USD 11,833.4 million in 2023. Over the forecast period, finishing chemical demand is anticipated to rise at 5.4% CAGR. The total value is predicted to increase from USD 12,379.3 million in 2024 to USD 20,992.2 million in 2034.

East Asia is anticipated to remain dominant in the global market during the forecast period. The automotive industry in China is experiencing a rise in demand. The sector’s rapid expansion further fuels demand for coated fabrics and finishing chemicals. With an increasing focus on vehicle aesthetics, durability, and performance, manufacturers in East Asia are turning to chemically finished coated fabrics for interior and exterior applications.

Attributes Description
Estimated Global Finishing Chemical for Coated Fabrics Market Size (2024E) USD 12,379.3 million
Projected Global Finishing Chemical for Coated Fabrics Market Value (2034F) USD 20,992.2 million
Value-based CAGR (2024 to 2034) 5.4%

East Asia is set to hold around 46.2% of the global market share in 2034. The ongoing industrialization and urbanization in countries like China and South Korea are driving demand for finishing chemicals for coated fabrics in various industrial applications such as apparel and medical textiles.

Demand for coated fabrics in protective clothing applications is on the rise as several industries are realizing the need for such clothing and gear at workplaces. Several chemicals like anti-static, flame retardant, and wicking agents impart unique characteristics to the coated fabrics. These characteristics are set to help in safeguarding the workers working in risky and difficult environments.

China's supportive government policies and incentives further play a pivotal role in fostering the growth of the finishing chemical for the coated fabrics industry. Government measures like subsidies on research and development, as well as investment incentives for infrastructure development, surge the competitiveness of manufacturers in China.

Demand for finishing chemicals for coated fabrics is also projected to remain high in the apparel industry. Analysis of the performance enhancement of coated fabrics through finishing chemicals shows that the apparel industry is projected to thrive at 3.8% CAGR during the assessment period.

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Semi-annual Market Update

The table below presents the expected CAGR for the global finishing chemical for coated fabric market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the decade from 2023 to 2033, the sector is predicted to surge at a CAGR of 5%, followed by a slightly higher growth rate of 5.2% in the second half (H2) of the same decade.

Particular Value CAGR
H1 5% (2023 to 2033)
H2 5.2% (2023 to 2033)
H1 4.9% (2024 to 2034)
H2 5.2% (2024 to 2034)

Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decline slightly to 4.9% in the first half and remain relatively considerable at 5.2% in the second half. In the first half (H1), the sector witnessed a decrease of 20 BPS, while in the second half (H2), the growth rate surged by 10 BPS.

Key Industry Highlights

Increasing Awareness of Bio-based Agents to Spur Sales

The textile finishing chemical market size is predicted to showcase a 3.1% increase in CAGR through 2034 compared to the historical one. This is due to the growing demand for silicone softeners, antistatic agents, and flame retardants across a wide range of industries, including apparel and automotive interiors. Global sales of finishing chemicals for coated fabrics are set to rise due to growing awareness of new types of chemicals like bio-based agents.

Need to Prevent Electrostatic Discharge Augments Demand Worldwide

The prevention of electrostatic discharge (ESD) is an important factor boosting demand for anti-static chemicals in the coated fabric sector. ESD causes damage to personnel, devices, and components across key industries like healthcare, automotive, and electronics.

Coated fabrics treated with anti-static finishes are hence set to be used in medical garments, bedding fabric, and equipment covers. The main focus is on minimizing the risk of shock and ensuring a safe and reliable healthcare environment.

In the automotive industry, anti-static properties are important for materials used in interior and exterior components. Static electricity attracts dust and dirt, which leads to contamination. The buildup of static charge can also cause problems with fuel systems in the automobile.

The use of anti-static finishing agents is projected to help ensure the mitigation of these risks and increase the durability of automotive components. As industries increasingly prioritize the protection of sensitive components and the safety of workers, demand for anti-static chemicals in coated fabrics is rising.

Implementation of Stringent Fire Safety Norms Fuels Growth

Increasing concerns over fire safety and strict regulations set by regulatory bodies are pushing demand for flame retardant chemicals. Regulatory bodies like the National Fire Protection Association in the United States have established detailed guidelines and standards for fire safety.

In the automotive industry, flame retardant-coated fabrics are essential for making vehicle interiors. Hence, these materials must meet strict fire standards to ensure passenger safety in the event of fires. Implementation of fire safety regulations is set to augment demand for flame retardant chemicals.

Public transportation networks like buses, trains, and airplanes also require flame-retardant fabrics. These specialized fabrics are projected to be used in upholstery, curtains, and other interior elements, ensuring maximum passenger safety in case of a fire emergency. Finishing chemicals for coated fabrics market analysis shows that growing emphasis on fire safety across industries is set to propel demand for flame retardant chemicals.

Environmental Impact of Conventional Chemicals to Hamper Demand

Finishing chemicals are mainly derived from petrochemicals, which contribute to multiple forms of pollution and environmental degradation. The environmental impact of these chemicals acts as a leading constraint in the growth of the sector.

During the manufacturing process, large volumes of wastewater containing harmful chemicals are discharged into rivers, lakes, and other water bodies. This wastewater carries toxic substances like heavy metals and organic pollutants, which are harmful and life-threatening to aquatic life, thereby creating an imbalance in the aquatic ecosystem.

The contamination of water resources further affects biodiversity and poses health risks to communities that rely on these water sources for drinking and agriculture. The production of these chemicals is associated with the release of volatile organic compounds (VOCs) into the atmosphere.

These emissions contribute to smog formation, acid rain, and respiratory problems. Key players in the finishing chemical for coated fabric industry are anticipated to face challenges due to the significant environmental impact of conventional chemicals.

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2019 to 2023 Global Finishing Chemical for Coated Fabrics Sales Analysis Compared to Demand Forecast for 2024 to 2034

Global finishing chemical sales for coated fabrics grew at a CAGR of 2.3% between 2019 and 2023. Total revenue reached about USD 11,833.4 million in 2023. In the forecast period, the global industry is set to thrive at a CAGR of 5.4%.

The sector witnessed steady growth between 2019 and 2023. This was due to increased demand for finishing chemicals from the textile industry and a high focus on improving product quality.

The COVID-19 pandemic also underscored the crucial usage of chemicals for coated fabrics in various applications. Companies became aware of the importance of these chemicals, which increased demand in the historical period.

The finishing chemical for coated fabric market forecast shows a value of USD 20,992.2 million by 2034. This is due to a combination of several factors, including increasing demand for coated specialized fabrics, technological advancements in production processes, and robust expansion of end-use industries.

Wax finishing agents are projected to witness considerable demand in the industry through 2034 amid ability to enhance durability of the fabric by creating a protective barrier. These agents are set to be applied to fabrics needed to make tents, jackets, and outdoor furniture to provide resistance against moisture, wind, and abrasion.

Market Concentration

Tier 1 companies comprise industry leaders with a revenue of above USD 100 million, capturing a significant share of 15% to 20% globally. A broad range of products and a large production capacity define these leaders. Tier 1 enterprises are characterized by a wide geographic reach supported by a strong customer base and a great deal of experience in producing chemicals for multiple industries.

These offer a large selection of goods. These businesses also make investments in cutting-edge manufacturing technologies to meet regulatory requirements and provide high-quality products. Prominent companies within Tier 1 include The Dow Chemical Company, Nisshinbo Textile Inc., Schüler and Co. K.G, and Piedmont Chemical Industries.

Tier 2 companies include mid-size players with revenue of USD 50 to 100 million, having a presence in specific regions and highly influencing the local market. These are distinguished by having a significant international presence and in-depth industry expertise.

These industry leaders guarantee regulatory compliance and use cutting-edge technologies. These might not, however, have cutting-edge technology or a broad worldwide reach. Prominent companies in Tier 2 include Colourinn, Embassy Silicones, Kowa Emori Co Ltd., William Clark, and Pincroft.

Tier 3 includes most of the small-scale companies operating locally and serving niche markets with revenue below USD 50 million. These businesses are categorized as Tier 3 share because these are particularly focused on meeting local demands.

These are regionally focused and small-scale players. When compared to structured competition, Tier 3 is considered an unorganized market because it is a sector lacking in comprehensive structure and formalization. Prominent companies in Tier 3 include Schill+Seilacher, Weidmann GmbH, Protex Korea, ICEI, PT Hybrid Chemicals, Versachem, Chemdyes SDN Bhd, Chemstar, and Best Chemical Industry.

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Comparative Market Overview

In the section below, the finishing chemical for coated fabrics industry is compared with two related industries in the chemicals and materials domain. These include the technical textile and the textile colorant sectors. Analysis of these related industries can provide in-depth insights that may be helpful for developing unique strategies to pursue growth.

Technical Textile Industry Assessment:

Rapid modernization in farming methods is anticipated to create a high demand for technical textiles. Besides, emergence of smart textiles for military and industrial applications is projected to bolster sales.

Attributes Description
Related Market Technical Textile Market
CAGR (2023 to 2033) 6.7%
Growth Factor Surging use of technical textiles in agriculture and farming activities
Opportunity Launch of unique technologies to bolster production methods
Key Trends High demand for geo-tech textiles amid rising cases of soil erosion

Textile Colorant Industry Assessment:

Increasing trend for interior design owing to the rising demand for well-equipped apartments in the era of social media is projected to boost textile colorant sales. Emergence of unique digital printing technologies is also set to create new growth opportunities.

Attributes Description
Related Market Textile Colorant Market
CAGR (2022 to 2032) 5.4%
Growth Factor High demand for home decor and fashion textiles worldwide
Opportunity Booming e-commerce industry and rising demand from healthcare sector
Key Trends Growing demand for body warmers and raincoats

Country-wise Insights

The table below highlights the estimated growth rates of the leading countries. China, ASEAN, and India are set to record high CAGRs of 7.2%, 7%, and 6.7%, respectively, through 2034.

Countries CAGR 2024 to 2034
China 7.2%
ASEAN 7%
India 6.7%
South Korea 6.3%
Türkiye 6.1%

Demand for Highly Specialized Fabrics to Rise in China

Growth factors influencing the finishing chemical for coated fabrics market in China include high demand from the automotive and apparel sectors. The country is projected to reach USD 3,917 million by 2034. Over the evaluation period, demand is set to rise at 7.2% CAGR.

China’s textile industry is diversified, including a range of applications like apparel, automotive interior, and industrial fabrics. Demand for these chemicals is driven by the need to enhance the durability, performance, and appeal of coated fabrics.

As China’s automotive sector continues to flourish, there is an increasing demand for highly specialized fabrics which have specific characerictics. These can be used in the interior of vehicles. Coated fabrics treated with flame retardants, anti-static agents, and UV-resistant finishes are essential to meet the safety and comfort standards expected by today’s customers.

China houses a well-established manufacturing hub, thereby influencing sales. The country’s vast capabilities in manufacturing allow for the large-scale production of finishing chemicals and coated fabrics. This helps support competitive pricing and innovation in the development of new chemical processes and formulations.

China’s push towards modernization and technological advancement has increased innovation in the textile chemical sector. The integration of smart textiles and advanced materials into consumer products is further driving demand for these chemicals.

Need for Chemicals with Several Features Surges across India

India is set to demonstrate a considerable growth rate in the sector. Favorable government initiatives and increasing purchasing power of most of the population are projected to boost growth.

India’s customers are seeking fabric options that have high functionality apart from the basic features. Consumers are becoming aware of the benefits of anti-crease, flame retardancy, and water resistance characteristics. This shift in preference necessitates the use of specialized finishing chemicals to meet the evolving requirements.

Sales of finishing chemicals in India are projected to soar at a CAGR of around 6.7% during the forecast period. Total value is anticipated to reach USD 2,470.2 million by 2034.

Japan’s Sustainability Goals Fuel Demand for Bio-based Chemicals

Japan is known for advanced manufacturing capabilities, strict quality regulations, and innovation-based approach. The country’s commitment to environmental sustainability and regulatory compliance provides a good opportunity for manufacturers.

Emerging companies are projected to offer eco-friendly and bio-based finishing chemicals. Strict environmental regulations and high consumer preference for sustainable products are anticipated to push the need for bio-based finishing chemicals. This is one of the key market trends in finishing chemicals for coated fabric.

Japan's advanced research and development capabilities also play a key role in creating opportunities for companies. Collaborative efforts between manufacturers, academic institutions, and research organizations will likely lead to innovations in chemical formulations and application techniques.

Japan’s value is anticipated to total USD 1,865.6 million by 2034. Over the forecast period, demand in the country is set to increase at a steady CAGR of 6.6%.

Category-wise Insights

The section below shows the silicone softeners segment dominating based on finishing chemical type. The segment is forecast to thrive at 4% CAGR between 2024 and 2034. Based on fabric type, the synthetic segment is anticipated to exhibit a CAGR of 5.6% during the forecast period. Based on end-use, the apparel segment is set to witness a CAGR of 4.6% during the estimated period.

High Durability of Silicone Softeners to Propel Demand Globally

Segment Silicone Softeners (Finishing Chemical Type)
Value CAGR (2024 to 2034) 4%

Based on finishing chemical type, the silicone softeners segment is projected to witness high demand through 2034. These softeners provide exceptional softness and smoothness to fabrics, enhancing the properties and making the textile feel luxirous. These are also highly durable and can withstand multiple washes while maintaining the softening effect, thereby boosting sales.

Cationic softeners, on the other hand, have a strong affinity to negatively charged fibers like cotton and wool. These softeners provide a soft and silky feel to the fabric. Such softeners also possess excellent antistatic properties, making these suitable for synthetic fibers prone to static build-up.

Over the forecast period, demand for silicone softeners is forecast to rise at a CAGR of 4%. By 2024, the target segment is estimated to reach USD 3,578.9 million.

Apparel Manufacturers Look for High-quality Chemicals

Segment Apparel (End-use)
Value CAGR (2024 to 2034) 4.6%

Based on end-use, the apparel category will likely remain at the forefront by showcasing a 4.6% CAGR through 2034. The segment is set to attain a value of USD 6,349.5 million by 2034.

The apparel sector is set to extensively utilize finishing chemicals in coated fabrics to meet the diverse and evolving demands of consumers. Water-repellent finishes are essential for outdoor and sportswear, ensuring that garments remain dry and comfortable in wet conditions. Stain-resistant coatings are projected to help maintain the appearance of clothing by preventing dirt and spills from penetrating the fabric.

Competition Outlook

The competitive landscape of the finishing chemical for coated fabrics industry is consolidated, with leading players accounting for about significant share. The Dow Chemical Company, Nisshinbo Textile Inc, Schüler and Co. K.G, Piedmont Chemical Industries, Momentive Performance Materials, Pidilite Industries Limited, Rudolf Group, FCL Fineotex, and Sarex are the leading manufacturers and suppliers of finishing chemicals for coated fabrics listed in the report.

Key finishing chemicals for coated fabric manufacturers are focusing on launching cutting-edge products to cater to the specific needs of several industries. A few leading players aim to set up innovative production facilities in emerging countries to tap into niche areas and surge sales. With a growing focus on reducing carbon footprint, companies are coming up with sustainable products to create an eco-friendly business environment.

Industry Updates

  • In April 2024, Devan Chemicals, a Belgium-based innovative textile solutions provider, introduced Devan Stain Release, a new textile finishing technology. The release can help wash off both oil- and water-based stains with a high focus on sustainability. The release efficiently prevents stains like oils, tea, mid, ketchup, and grass from entering deep into the fibers. The product is specifically made for those who require the dual benefits of wicking and stain-release properties.
  • In May 2024, United Kingdom-based Pincroft adopted the unique TexCoat™ G4 system of Baldwin Technology. The company focuses on moving toward a sustainable future in the textile industry. The new precision spray technology would help the company to provide high-quality products and lower carbon emissions.

Leading Finishing Chemical for Coated Fabrics Brands

  • Sarex
  • Pidilite
  • Chemicone
  • FCL Fineotex
  • Agrawal Drugs and Chemicals Pvt. Ltd.
  • Colourinn
  • Embassy Silicones
  • NICAA
  • Kowa Emori Co Ltd
  • Nisshinbo Textile Inc.
  • HT Fine Chemicals
  • Dymatic Chemicals Inc.
  • Dr Petry
  • Rudolf Group
  • Schill+Seilacher
  • Weidmann GmbH
  • Schüler and Co. K.G
  • William Clark
  • Pincroft
  • Bekaert

Key Segments of Market Report

By Finishing Chemical Type:

The industry is divided into silicone softeners, cationic softeners, antistatic agents, durable water repellents (DWR), flame retardants, anti-pilling cum antislip agents, anticrease resins, wicking agents, yarn lubricants, stiffeners, polyurethane finishing agent, wax finishing agent, enzymatic bio-polishing agent, and other finishing auxiliaries.

By Fabric Type:

In terms of fabric type, the sector is bifurcated into natural and synthetic. The natural segment is trifurcated into cotton, silk, and others. The synthetic segment is divided into polyamide (nylon), polyester, and others.

By End-use:

A few end-uses include apparel, automotive interiors, medical textiles, military and defense textiles, sports textiles, and home furnishings.

By Region:

Information about key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and the Middle East and Africa is given.

Frequently Asked Questions

What was the value of the global market in 2023?

The sector was valued at USD 11,833.4 million in 2023.

How big is the global market?

The sector is set to reach USD 12,379.3 million in 2024.

What is the expected market size in 2034?

The sector is set to reach USD 20,992.2 million by 2033.

Which end-use segment is expected to lead the sector?

Apparel is expected to lead the sector during the forecast period.

What are the chemical finishes given to fabrics?

Fabric softeners are mainly utilized.

What are the four types of fabric finishing?

Functional, performance, chemical, and mechanical finishes.

What is coating in fabric finishes?

This involves applying a layer of resin to a fabric.

Which chemical is mainly used in the textile industry?

Acrylic monomers, biocides, and epoxy resins.

Table of Content

1. Executive Summary

2. Industry Introduction, including Taxonomy and Market Definition

3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments

4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections

5. Pricing Analysis

6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    6.1. Finishing Chemical Type

    6.2. Fabric Type

    6.3. End Use

7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Finishing Chemical Type

    7.1. Silicone Softeners

    7.2. Cationic Softeners

    7.3. Antistatic Agent

    7.4. Durable Water Repellents (DWR)

    7.5. Flame Retardants

    7.6. Anti-pilling Cum Antislip Agent

    7.7. Anticrease Resins

    7.8. Wicking Agent

    7.9. Yarn Lubricants

    7.10. Stiffeners

    7.11. Polyurethane Finishing Agent

    7.12. Wax Finishing Agent

    7.13. Enzymatic Bio-polishing Agent

    7.14. Other Finishing Auxiliaries

8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Fabric Type

    8.1. Natural

        8.1.1. Cotton

        8.1.2. Silk

        8.1.3. Others

    8.2. Synthetic

        8.2.1. Polyamide (Nylon)

        8.2.2. Polyester

        8.2.3. Others

9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use

    9.1. Apparel

    9.2. Automotive Interiors

    9.3. Medical Textile

    9.4. Military & Defence Textile

    9.5. Sports Textile

    9.6. Home Furnishings

    9.7. Others

10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region

    10.1. North America

    10.2. Latin America

    10.3. Western Europe

    10.4. Eastern Europe

    10.5. East Asia

    10.6. South Asia and Pacific

    10.7. Middle East and Africa

11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

17. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

18. Sales Forecast 2024 to 2034 by Finishing Chemical Type, Fabric Type, and End Use for 30 Countries

19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard

20. Company Profile

    20.1. Sarex

    20.2. Pidilite

    20.3. Chemicone

    20.4. FCL Fineotex

    20.5. Agrawal Drugs & Chemicals Pvt. Ltd.

    20.6. Colourinn

    20.7. Embassy Silicones

    20.8. NICAA

    20.9. Kowa Emori Co Ltd

    20.10. Nisshinbo Textile Inc.

    20.11. HT Fine Chemicals

    20.12. Dymatic Chemicals Inc.

    20.13. Dr Petry

    20.14. Rudolf Group

    20.15. Schill+Seilacher

    20.16. Weidmann GmbH

    20.17. Schüler & Co. K.G

    20.18. William Clark

    20.19. Pincroft

    20.20. Dow

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