Global Denim Finishing Agents Market By Type (Enzymes, Resins, Softeners, Defoamers, Bleaching, Crush-Resistant, Anti-Back Staining, and Others), By End-users (SMEs, and Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023– 2031
The global denim finishing agents market was valued at USD 1.77 Billion in 2022 and is projected to reach USD 3.17 Billion by 2031 expanding at a CAGR of 6.7% during the forecast period, 2023-2031. Denim fabrics are widely recognized for their durability and appearance. The performance and appearance of denim materials largely rely on an appropriate finishing process.
The fabric is mechanically and chemically handled after weaving to make it soft and stabile. The process of finishing involve several stages which includes brushing, singeing, stretching, drying, and shrinking. The primary steps of brushing eliminates impurities and evens the denim fabric surface.
Stretching controls the hand and stiffness of the fabric and guarantees its dimensional stability by compressive shrinking. These fabrics are sent for making up; wherein, the fabric is cut into appropriate width depending on the required size.
Denim Finishing Agents Market Dynamics
The market is majorly driven by factors such as increasing preference of denim apparels among a huge population base. Furthermore, the advent of e-commerce has created a high demand for denim across the fashion industry, resulting in high production of denim garments, which in turn, is driving the global denim finishing agents market.
Rising adoption of ecological finishing solutions in the denim finishing agents has created a preference for new finishing agents and technologies such as ozone fading technology. These ecological solutions help denim manufacturers reduce process treatment time, while lowering energy costs. These attributes have resulted in the expansion of the global denim finishing market.
Introduction of Nanotechnology and Nano-coatings for Denim Finishing to create potential opportunity for denim finishing agents market during the forecast period. Increasing developments and advancements in the overall finishing agents industry is anticipated to generate growth opportunities. The use of nano-coatings and nanotechnology is rising in significantly in the textile industry.
Nanotechnology is the utilization of structure and energy inherent in materials at an atomic level, at the dimension of 10^-9 nm, to create novel materials with improved performance properties. The use of nanotechnology in the denim finishing industry is expected to improve the quality and performance of fabrics by enhancing the existing functionalities such as durability.
Segmental Denim Finishing Agents Market Outlook
By Type Segment
On the basis of type, the global denim finishing agents market is segmented into Enzymes, Resins, Softeners, Defoamers, Bleaching, Crush-Resistant, Anti-Back Staining, and Others. The enzymes segment is expected grow at a CAGR of over 7% during the forecast period. The usage of enzymes in the denim finishing, as biocatalysts, which helps in degrading hard starch present on the denim fabric.
Furthermore, the process consisting enzymes as finishing agents is less corrosive to the fabrics, while also eliminating major fabric issues. Additionally, organic enzymes are considered eco-friendly for washing processes and with the increasing adoption of eco-friendly products, the growth of the enzymes segment is projected to expand at a significant pace.
The softeners segment held over 1/5th share of the market share in 2019 owing to its easy availability in the market. Softeners provide a smooth and light finish to the denim fabrics, while preventing the formation of dark blemishes on denim garments. These attributes are expected to boost the growth of the segment at a significant pace.
The anti-back staining segment also accounted for a significant market share in the denim finishing agents market and is expected to grow at a substantial pace during the forecast period. The growth of the segment is attributed to its ability of preventing redeposition of pigments or dyes on denim fabrics during wet processing. These agents also help in bringing back high contrast in thick denim fabrics.
By End-users Segment
Based on End-users, the global denim finishing Agents market is classified into SMEs, and Large Enterprises. The SMEs segment is projected to constitute more than half share of the market in 2019. The growth of the segment is attributed to the rise in presence of local players in the denim garments industry, resulting in the high usage of denim finishing agents among SMEs.
The large enterprises segment is expected to grow at a considerable CAGR during the forecast period. The growth of the segment is attributed to the emergence of counterfeit goods among several local enterprises which has resulted in denim manufacturing companies to focus their purchases from established market players, further increasing the growth of the segment in the market.
Regional Outlook
In terms of regions, the market has been fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is a promising region for the market. The region held more than half of the market in terms of share in 2019 and expected to retain its dominance during forecast period 2020-2027.
The growth of the market in Asia Pacific is attributed to the proliferation of e-commerce in the region, which has resulted in a rapid rise of clothing and apparel sales in the region. Furthermore, most of the denim production is carried out in Asia Pacific, with China being one of the leading producers. This, is in turn, is expected to increase the demand for denim finishing agents in the region.
The market in Latin America is expected to grow at a significant pace owing to the increasing opportunity for top denim producing countries Mexico and Ecuador in Latin America. The ‘U.S. – China trade war’ is shifting the denim manufacturer’s attention towards Mexico to fulfill the strong denim demand from the U.S. market.
The major denim brands are planning to shift their import, and production activities to Mexico due to cheap labor cost and availability of raw materials. Hence, the increasing denim production is ultimately expected to fuel the denim finishing agents market growth during forecast period.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Denim Finishing Agents Market
- Historical, Current and Projected Market Size in terms of Value and Volume
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Denim Finishing Agents Market Performance
- Historical, Current and Projected Market Production, Capacity, and Historical Import-Export
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Denim Finishing Agents Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Denim Finishing Agents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Denim Finishing Agents Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Denim Finishing Agents Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Denim Finishing Agents Market Size & Forecast, 2017-2027
4.5.1 Denim Finishing Agents Market Size and Y-o-Y Growth
4.5.2 Denim Finishing Agents Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, Type, 2017-2027
Chapter 5 Global Denim Finishing Agents Market Analysis and Forecast Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities Type
5.1.2 Basis Point Share (BPS) Analysis Type
5.1.3 Absolute $ Opportunity Assessment Type
5.2 Denim Finishing Agents Market Size & Volume Forecast Type
5.2.1 Enzymes
5.2.2 Resins
5.2.3 Softeners
5.2.4 Defoamers
5.2.5 Bleaching
5.2.6 Crush-Resistant
5.2.7 Anti-Back Staining
5.2.8 Others
5.3 Market Attractiveness Analysis Type
Chapter 6 Global Denim Finishing Agents Market Analysis and Forecast End-users
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities End-users
6.1.2 Basis Point Share (BPS) Analysis End-users
6.1.3 Absolute $ Opportunity Assessment End-users
6.2 Denim Finishing Agents Market Size & Volume Forecast End-users
6.2.1 SMEs
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis End-users
Chapter 7 Global Denim Finishing Agents Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Denim Finishing Agents Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 North America Denim Finishing Agents Analysis and Forecast
8.1 Introduction
8.2 North America Denim Finishing Agents Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Denim Finishing Agents Market Size & Volume Forecast Type
8.6.1 Enzymes
8.6.2 Resins
8.6.3 Softeners
8.6.4 Defoamers
8.6.5 Bleaching
8.6.6 Crush-Resistant
8.6.7 Anti-Back Staining
8.6.8 Others
8.7 Basis Point Share (BPS) Analysis Type
8.8 Absolute $ Opportunity Assessment Type
8.9 Market Attractiveness Analysis Type
8.10 North America Denim Finishing Agents Market Size & Volume Forecast End-users
8.10.1 SMEs
8.10.2 Large Enterprises
8.11 Basis Point Share (BPS) Analysis End-users
8.12 Absolute $ Opportunity Assessment End-users
8.13 Market Attractiveness Analysis End-users
Chapter 9 Europe Denim Finishing Agents Analysis and Forecast
9.1 Introduction
9.2 Europe Denim Finishing Agents Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Denim Finishing Agents Market Size & Volume Forecast Type
9.6.1 Enzymes
9.6.2 Resins
9.6.3 Softeners
9.6.4 Defoamers
9.6.5 Bleaching
9.6.6 Crush-Resistant
9.6.7 Anti-Back Staining
9.6.8 Others
9.7 Basis Point Share (BPS) Analysis Type
9.8 Absolute $ Opportunity Assessment Type
9.9 Market Attractiveness Analysis Type
9.10 Europe Denim Finishing Agents Market Size & Volume Forecast End-users
9.10.1 SMEs
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis End-users
9.12 Absolute $ Opportunity Assessment End-users
9.13 Market Attractiveness Analysis End-users
Chapter 10 Asia Pacific Denim Finishing Agents Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Denim Finishing Agents Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Pakistan
10.2.6 Bangladesh
10.2.7 Sri Lanka
10.2.8 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Denim Finishing Agents Market Size & Volume Forecast Type
10.6.1 Enzymes
10.6.2 Resins
10.6.3 Softeners
10.6.4 Defoamers
10.6.5 Bleaching
10.6.6 Crush-Resistant
10.6.7 Anti-Back Staining
10.6.8 Others
10.7 Basis Point Share (BPS) Analysis Type
10.8 Absolute $ Opportunity Assessment Type
10.9 Market Attractiveness Analysis Type
10.10 Asia Pacific Denim Finishing Agents Market Size & Volume Forecast End-users
10.10.1 SMEs
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis End-users
10.12 Absolute $ Opportunity Assessment End-users
10.13 Market Attractiveness Analysis End-users
Chapter 11 Latin America Denim Finishing Agents Analysis and Forecast
11.1 Introduction
11.2 Latin America Denim Finishing Agents Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Peru
11.2.4 Colombia
11.2.5 Ecuador
11.2.6 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Denim Finishing Agents Market Size & Volume Forecast Type
11.6.1 Enzymes
11.6.2 Resins
11.6.3 Softeners
11.6.4 Defoamers
11.6.5 Bleaching
11.6.6 Crush-Resistant
11.6.7 Anti-Back Staining
11.6.8 Others
11.7 Basis Point Share (BPS) Analysis Type
11.8 Absolute $ Opportunity Assessment Type
11.9 Market Attractiveness Analysis Type
11.10 Latin America Denim Finishing Agents Market Size & Volume Forecast End-users
11.10.1 SMEs
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis End-users
11.12 Absolute $ Opportunity Assessment End-users
11.13 Market Attractiveness Analysis End-users
Chapter 12 Middle East & Africa (MEA) Denim Finishing Agents Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Denim Finishing Agents Market Size Forecast by Country
12.2.1 Turkey
12.2.2 GCC Countries
12.2.3 South Africa
12.2.4 Tunisia
12.2.5 Morocco
12.2.6 Ethiopia
12.2.7 Kenya
12.2.8 Tanzania
12.2.9 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Denim Finishing Agents Market Size & Volume Forecast Type
12.6.1 Enzymes
12.6.2 Resins
12.6.3 Softeners
12.6.4 Defoamers
12.6.5 Bleaching
12.6.6 Crush-Resistant
12.6.7 Anti-Back Staining
12.6.8 Others
12.7 Basis Point Share (BPS) Analysis Type
12.8 Absolute $ Opportunity Assessment Type
12.9 Market Attractiveness Analysis Type
12.10 Middle East & Africa (MEA) Denim Finishing Agents Market Size & Volume Forecast End-users
12.10.1 SMEs
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis End-users
12.12 Absolute $ Opportunity Assessment End-users
12.13 Market Attractiveness Analysis End-users
Chapter 13 Global Market Analysis, by Region
13.1 Production Market volume and Y-o-Y Growth, by Region 2017-2027
13.2 Capacity Market volume and Y-o-Y Growth, by Region 2017-2027
13.3 Import and Export volume, by region 2017-2019
Chapter 14 Competition Landscape
14.1 Denim Finishing Agents Market: Competitive Dashboard
14.2 Global Denim Finishing Agents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Americos Industries Inc.
14.3.2 APLICACIÓN Y SUMINISTROS TEXTILES SA (Austex)
14.3.3 BASF SE
14.3.4 CHT Group
14.3.5 Denim Care Sdn Bhd
14.3.6 Denimist Chemical Company
14.3.7 Fashion Chemicals GmbH & Co. KG
14.3.8 Huntsman International LLC.
14.3.9 Kemin Industries Inc. (Garmon Chemicals)
14.3.10 Rudolf GmbH & Co.
14.3.11 The Dow Chemical Company
14.3.12 The Seydel Companies Inc.