Denim Finishing Agents Market
PUBLISHED: 2023 ID: SMRC23229
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Denim Finishing Agents Market

Denim Finishing Agents Market Forecasts to 2028 - Global Analysis By Product (Detergents, Bleaching Agents, Neutralizing Agents, Resins, Dyes, Anti-back Staining Agents, Enzymes, Softeners, Defoamers, Anti-Rusting Agent, Crush Resistant and Other Products), Denim Type, Wash Type, Application and By Geography

4.2 (91 reviews)
4.2 (91 reviews)
Published: 2023 ID: SMRC23229

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $1.6 BN

Projected Year Value (2028)

US $2.5 BN

CAGR (2022 - 2028)

7.7%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Denim Finishing Agents Market is accounted for $1.6 billion in 2022 and is expected to reach $2.5 billion by 2028 growing at a CAGR of 7.7% during the forecast period. Denim finishing agents are specific additives that are used to pre-treat, dye, and bleach denim jean clothing. They are added to enhance the fabric's colour and other qualities. Enzymes, resins, softeners, defoamers, bleaches, crush-resistance, and anti-back staining agents are a few of the regularly used denim finishing chemicals. These chemicals and mechanical processes are used to soften and stabilise woven denim fabric. To ensure dimensional stability, the agents remove contaminants and increase stiffness.

According to Invest India, from US$ 103.4 billion in 2020-21, the textile and garment sector is estimated to grow to US$ 190 billion by 2025-26.



Market Dynamics:


Driver:

Increasing demand for fashionable & comfortable denim clothing

The growing desire for comfortable and fashionable denim clothing has caused the market for denim finishing agents to expand dramatically. The fast consumer demand and turnover of trends for fresh and new looks have always caused the fashion industry to flourish. One of the factors influencing the rising demand for fashionable denim clothing is the expansion of fast fashion. Demand for the market has expanded as producers quickly produce a variety of denim styles to be in accordance with consumer preferences.

Restraint:

Health & environmental concerns

One of the most important factors restricting the market is the growing concern over the effects of the chemicals employed in the process on the environment and human health. The usage of these substances in denim products may result in health problems for both consumers and workers in the denim industry. Along with health concerns, the use of denim finishing compounds raises environmental concerns. As a result, the need for denim finishing chemicals that are more environmentally friendly than traditional chemical treatments is on the rise.

Opportunity:

Rising demand for eco-friendly denim

Customers are increasingly more concerned about the potential environmental impact of their purchases, and denim makers are responding by promoting more environmentally friendly methods. This incorporates denim finishing methods that use biodegradable enzymes and natural dyes, which are less hazardous to the environment than traditional chemical processes. The growth of the market is being fueled by a variety of factors, such as governmental regulations, altering consumer preferences, and the demand for denim manufacturers.

Threat:

Volatility in raw material prices

There are numerous sources for the softeners, enzymes, and colours that make up denim finishing chemicals. The price fluctuations of these raw materials may have an impact on the price of producing denim finishing agents. Among the many causes of the volatility in raw material prices are shifts in supply and demand, geopolitical events, and natural disasters. The market's expansion may provide difficulties because there is less demand for denim finishing agents because of increasing prices.

Covid-19 Impact

Despite the fact that denim is now a mainstay of fashion, there are a number of factors that have both hurt the market and offered profitable opportunities. The COVID-19 epidemic is one of them, which has forced individuals to remain at home and rely on their usual comforts. Because of this, sales of pants made of denim have significantly decreased. The global corona virus outbreak has also affected supply networks and industry worldwide. thereby having an impact on the market for denim finishing agents.

The cotton segment is expected to be the largest during the forecast period

The cotton segment is estimated to have a lucrative growth, due to increasing demand for cotton to get the perfect texture in denim. Denim is created by tightly weaving together long strings of clean cotton fibres using a piece of industrial machinery. The longevity and thickness of denim are fundamental characteristics due to the strength of these yarn twists. Therefore, the market would continue to rise during the forecast period due to the increased usage of denim finishing agents.

The garments segment is expected to have the highest CAGR during the forecast period

The garments segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the cultural preferences. Denim is a durable cotton twill fabric that is frequently used to make jackets, jeans and dungarees, among other clothing items. Denim is becoming a more popular choice in the apparel industry due to its robust and long-lasting qualities, which is predicted to propel market expansion. The market for denim finishing agents will also rise as a result of the expanding textile and apparel industries.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to investments in the textile and garment industry are increasing quickly, and new industries are being created to make denim. The expansion of e-commerce in the area, which has led to an explosive boom in the sales of garments and apparel in the area, is blamed for the market's expansion.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the increasing opportunity for top denim producing countries. Due to low labour costs and the availability of raw materials, the main denim brands intend to move their import and manufacture activities. Consequently, it is anticipated that rising denim production would ultimately drive market expansion.



Key players in the market


Some of the key players profiled in the Denim Finishing Agents Market include BASF SE, Asutex, The Dow Chemical Company, Rudolf GmbH, CHT Group, Huntsman Corporation , Garmon Chemicalsm, Seydel Companies, Pulcra Chemicals, and others., Americos Industries, AB Enzymes GmbH, Organic Dyes and Pigments LLC, Denimist Chemical Company, Kemin Industries Inc and Kunal Organics Pvt. Ltd.

Key Developments:

In May 2023, CHT Group has announced an expansion of its business by building a new production facility in Meghna Industrial Economic Zone (MIEZ), Narayanganj, Bangladesh to increase its tailor-made customer service in Asia Pacific.

In March 2023, Rudolf GmbH has announced an expansion of its business by opening a new plant in Nantong, China. This new plant is a necessary and logical step in textile auxiliaries’ industry to strengthen the company's competitive position both globally and locally.

Products Covered:
• Detergents
• Bleaching Agents
• Neutralizing Agents
• Resins
• Dyes
• Anti-back Staining Agents
• Enzymes
• Softeners
• Defoamers
• Anti-Rusting Agent
• Crush Resistant
• Other Products

Denim Types Covered:
• Crushed
• Selvedge
• Raw
• Sanforized
• Poly
• Cotton
• Other Denim Types

Wash Types Covered:
• Caustic Wash
• Rinse Wash
• Peach Finish
• Stone Wash
• Enzyme wash & Bio Polishing
• Acid Wash
• Sand Blasting
• Other Wash Types

Applications Covered:
• Garments
• Non-Garments
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Denim Finishing Agents Market, By Product
5.1 Introduction
5.2 Detergents
5.3 Bleaching Agents
5.4 Neutralizing Agents
5.5 Resins
5.6 Dyes
5.7 Anti-back Staining Agents
5.8 Enzymes
5.9 Softeners
5.10 Defoamers
5.11 Anti-Rusting Agent
5.12 Crush Resistant
5.13 Other Products

6 Global Denim Finishing Agents Market, By Denim Type
6.1 Introduction
6.2 Crushed
6.3 Selvedge
6.4 Raw
6.5 Sanforized
6.6 Poly
6.7 Cotton
6.8 Other Denim Types

7 Global Denim Finishing Agents Market, By Wash Type
7.1 Introduction
7.2 Caustic Wash
7.3 Rinse Wash
7.4 Peach Finish
7.5 Stone Wash
7.6 Enzyme wash & Bio Polishing
7.7 Acid Wash
7.8 Sand Blasting
7.9 Other Wash Types

8 Global Denim Finishing Agents Market, By Application
8.1 Introduction
8.2 Garments
8.3 Non-Garments
8.3.1 Homeware
8.3.2 Footwear
8.3.3 Accessories
8.4 Other Applications

9 Global Denim Finishing Agents Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 BASF SE
11.2 Asutex
11.3 The Dow Chemical Company
11.4 Rudolf GmbH
11.5 CHT Group
11.6 Huntsman Corporation
11.7 Garmon Chemicals
11.8 Seydel Companies
11.9 Pulcra Chemicals, and others.
11.10 Americos Industries
11.11 AB Enzymes GmbH
11.12 Organic Dyes and Pigments LLC
11.13 Denimist Chemical Company
11.14 Kemin Industries Inc
11.15 Kunal Organics Pvt. Ltd.

List of Tables
1 Global Denim Finishing Agents Market Outlook, By Region (2020-2028) ($MN)
2 Global Denim Finishing Agents Market Outlook, By Product (2020-2028) ($MN)
3 Global Denim Finishing Agents Market Outlook, By Detergents (2020-2028) ($MN)
4 Global Denim Finishing Agents Market Outlook, By Bleaching Agents (2020-2028) ($MN)
5 Global Denim Finishing Agents Market Outlook, By Neutralizing Agents (2020-2028) ($MN)
6 Global Denim Finishing Agents Market Outlook, By Resins (2020-2028) ($MN)
7 Global Denim Finishing Agents Market Outlook, By Dyes (2020-2028) ($MN)
8 Global Denim Finishing Agents Market Outlook, By Anti-back Staining Agents (2020-2028) ($MN)
9 Global Denim Finishing Agents Market Outlook, By Enzymes (2020-2028) ($MN)
10 Global Denim Finishing Agents Market Outlook, By Softeners (2020-2028) ($MN)
11 Global Denim Finishing Agents Market Outlook, By Defoamers (2020-2028) ($MN)
12 Global Denim Finishing Agents Market Outlook, By Anti-Rusting Agent (2020-2028) ($MN)
13 Global Denim Finishing Agents Market Outlook, By Crush Resistant (2020-2028) ($MN)
14 Global Denim Finishing Agents Market Outlook, By Other Products (2020-2028) ($MN)
15 Global Denim Finishing Agents Market Outlook, By Denim Type (2020-2028) ($MN)
16 Global Denim Finishing Agents Market Outlook, By Crushed (2020-2028) ($MN)
17 Global Denim Finishing Agents Market Outlook, By Selvedge (2020-2028) ($MN)
18 Global Denim Finishing Agents Market Outlook, By Raw (2020-2028) ($MN)
19 Global Denim Finishing Agents Market Outlook, By Sanforized (2020-2028) ($MN)
20 Global Denim Finishing Agents Market Outlook, By Poly (2020-2028) ($MN)
21 Global Denim Finishing Agents Market Outlook, By Cotton (2020-2028) ($MN)
22 Global Denim Finishing Agents Market Outlook, By Other Denim Types (2020-2028) ($MN)
23 Global Denim Finishing Agents Market Outlook, By Wash Type (2020-2028) ($MN)
24 Global Denim Finishing Agents Market Outlook, By Caustic Wash (2020-2028) ($MN)
25 Global Denim Finishing Agents Market Outlook, By Rinse Wash (2020-2028) ($MN)
26 Global Denim Finishing Agents Market Outlook, By Peach Finish (2020-2028) ($MN)
27 Global Denim Finishing Agents Market Outlook, By Stone Wash (2020-2028) ($MN)
28 Global Denim Finishing Agents Market Outlook, By Enzyme wash & Bio Polishing (2020-2028) ($MN)
29 Global Denim Finishing Agents Market Outlook, By Acid Wash (2020-2028) ($MN)
30 Global Denim Finishing Agents Market Outlook, By Sand Blasting (2020-2028) ($MN)
31 Global Denim Finishing Agents Market Outlook, By Other Wash Types (2020-2028) ($MN)
32 Global Denim Finishing Agents Market Outlook, By Application (2020-2028) ($MN)
33 Global Denim Finishing Agents Market Outlook, By Garments (2020-2028) ($MN)
34 Global Denim Finishing Agents Market Outlook, By Non-Garments (2020-2028) ($MN)
35 Global Denim Finishing Agents Market Outlook, By Homeware (2020-2028) ($MN)
36 Global Denim Finishing Agents Market Outlook, By Footwear (2020-2028) ($MN)
37 Global Denim Finishing Agents Market Outlook, By Accessories (2020-2028) ($MN)
38 Global Denim Finishing Agents Market Outlook, By Other Applications (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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