DUBLIN--(BUSINESS WIRE )--The "Textile Finishing Agents Market Size, Share & Trends Analysis Report by Type (Aesthetic, Functional), by Product (Softeners, Fragrance Agents), by Application (Home Furnishing, Apparel), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global textile finishing agents market size is expected to reach USD 3.8 billion by 2030, registering a CAGR of 5.1%.
The growth is majorly driven by the rapid changes in fashion trends and increased demand for home decor products. The increasing use of textile products in end-use industries, such as consumer goods, transportation, packing & shipping, and medical & healthcare applications among others, also supports the industry growth.
The growth in individual purchasing power is attributed to the increasing education level and employability across the globe. Consumers are inclined towards following the trend regarding apparel and home decor items, which results in increased demand for textile products. These factors are expected to contribute to the industry's growth.
The rising consumption of different types of apparel worldwide has fueled their production over the years. The flexibility of online shopping, coupled with attractive sales offers, has been encouraging consumers to increasingly purchase apparel, such as clothes and footwear. Growing individual disposable income even in small countries is fueling the demand for different types of apparel.
The Asia Pacific is characterized by the availability and procurement of raw materials, which are used in the production of various textile finishing agents. Several global manufacturers have set up their production units in the country due to cheap labor availability.
Moreover, textile companies in the region are switching to intelligent manufacturing processes from labor-intensive manufacturing processes. This is anticipated to boost product manufacturing across the region, thereby positively impacting the overall industry growth in the coming years.
Textile Finishing Agents Market Report Highlights
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900