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

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

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• 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
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