Denim Finishing Agents Market

Updated on : March 19, 2024

Denim Finishing Agent Market Outlook

The global denim finishing agents market size was valued at USD 1.4 billion in 2023 and is projected to reach USD 1.9 billion by 2028, growing at 6.1% cagr from 2023 to 2028. Over the world, the market is expanding significantly, and during the forecast period, a similar trend is anticipated. The extensive use of denim finishing agents and increasing demand for fashionable & comfortable denim clothing has raised the demand for denim finishing agents worldwide. Technological advancements in denim finishing, increasing demand for customized denim, and growing demand from emerging economics  are key factors expected to drive the global denim finishing agents market during the forecast period. Furthermore, expansion of E-commerce & online retail and growing demand for sustainable & eco-friendly denim finishing agents is an opportunity for market growth. However, competition from counterfeit products and volatility in raw material prices are the major challenges in the denim finishing agents market.

Attractive Opportunities in Denim Finishing Agents Market

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Denim Finishing Agents Market Dynamics

Driver: Increasing demand for fashionable & comfortable denim clothing

The Denim Finishing Agent Industry has spread significantly because of the rising demand for comfortable and stylish denim garments. The fashion industry has always been a boom due to the quick consumer demand and turnover of trends for fresh & new looks. By manipulating to these shifting fashion trends and providing a broad variety of colors, shapes, and finishes, denim has been able to maintain its appeal. The growth of fast fashion is one of the parameters contributing to the increasing demand for stylish denim garments. As producers swiftly produce a range of denim styles to be inline with consumer tastes, this has increased the demand for denim finishing agents.

Restraints: Health & environmental concerns

The growing problem over the environmental and health-related effects of the chemicals used in the denim finishing process is one of the vital parameter limiting the market for denim finishing agents. Softeners, enzymes, and dyes are common ingredients in denim finishing treatments, they have the potential to be harmful to the human health and environment. Both customers and denim industry employees who purchase denim items may have health issues due to the use of these ingredients. Environmental issues are related to the usage of denim finishing agents in addition to health issues. Because of this, there is a rising need for denim finishing agents that are more environmentally friendly than conventional chemical treatments.

Opportunities: Growing demand for sustainable & eco-friendly denim finishing agents

The rising demand for sustainable and environmentally friendly denim finishing agents is one of the major factor for the denim finishing agents market. Customers are becoming more concerned about how their purchases may affect the environment, and denim manufacturers are reacting by enabling more sustainable techniques. This involves denim finishing techniques that are less harmful to surrounding than conventional chemical processes, like natural dyes and biodegradable enzymes. Many factors, including as governmental laws, shifting customer preferences, and necessity for denim producers to differentiate their products in a crowded market, are driving the demand for environmentally friendly and sustainable denim finishing agents.

Challenges: Volatility in raw material prices

The volatility in raw material prices is one of the key challenge to the market of denim finishing agents. The softeners, enzymes, and dyes that form denim finishing agents comes from many different sources. The cost of manufacturing denim finishing agents may be affected by the fluctuating prices of these raw materials. Changes in demand and supply, geopolitical events, and natural disasters are only a few of the factors of the volatility in raw material pricing. With less demand for denim finishing agents due to higher prices, the market's expansion may create challenges for the manufacturers to sell denim finishing agents.

Denim Finishing Agents Market Ecosystem

Prominent companies in denim finishing agents market include financially stable and well-established manufacturers of denim finishing agents. These key players have been operating in the market for several years and possess state-of-the-art technologies, a diversified product portfolio, and strong worldwide marketing and sales networks. Prominent companies in this market include Archroma (Switzerland), Kemin Industries, Inc. (US), Asutex (Spain), Rudolf GmbH (Germany), and DyStar Group (Singapore).

Based on type, the softeners segment is estimated to account for the largest market share of the denim finishing agents market

Based on type, the softeners segment is estimated to account for the largest market share. This is attributed to the high demand for greasy brighter, soft, slippery, and elastic denim jeans is fueling growth of softeners across the globe. Moreover, the enzymes segment is anticipated to grow at the highest CAGR during the forecast period because of its superior qualities.

Based on application, the garments segment is estimated to account for the largest market share of the denim finishing agents market

Based on application, the garments segment is estimated to account for the largest market share. This is attributed to the cultural preferences that drives the demand denim garments, for example denim is seen as a symbol of western culture and is highly valued, globally. Moreover, consumer preference towards certain feel or look of the garment drives the denim finishing agents market in garments application. On the other hand, the garments segment is also anticipated to grow at the highest CAGR during the forecast period.

The Asia Pacific market is projected to contribute the largest share of the denim finishing agents market

Asia Pacific is projected to hold the largest share of the global denim finishing agents market throughout the forecast period, in terms of value. According to projections, the region will be a prime location for the denim finishing agents business attributed to the growing demand for denim garments in the region along with increasing population. Asia Pacific is also projected to witness the highest CAGR during the forecast period between 2023 and 2028 in terms of value. The high production volumes of denim garments in the countries such as India, China, and Bangladesh are expected to further drive the market in Asia Pacific between 2023 and 2028.

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Denim Finishing Agents Market Players

The key market players profiled in the Report include Archroma (Switzerland), Asutex (Spain), Rudolf GmbH (Germany), DyStar Group (Singapore), Kemin Industries, Inc. (US), CHT Group (Germany), Pulcra Chemicals GmbH (Germany), Novozymes A/S (Denmark), The Seydel Companies, Inc. (US), and Yuken Chemical Co., Ltd. (Japan) among others.

Denim Finishing Agents Market Report Scope

The study categorizes the denim finishing agents market based on Ingredient Type, Denim Type, Application, and Region.

By Type:

• Softeners
• Enzymes
  • Cellulase
  • Amylase
  • Catalase
  • Laccase
• Anti-back Staining Agents
• Bleaching Agents
• Resins
• Neutralizing Agents
• Dyes
• Detergents
• Others

By Denim Type:

• Raw
• Cotton
• Sanforized
• Crushed
• Selvedge
• Poly
• Others

By Application:

• Garments
• Non-Garments
  • Footwear
  • Accessories
  • Home Decor

By Region:

• Asia Pacific
• North America
• Europe
• Middle East & Arica
• South America

Recent Development

• 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 April 2023, DyStar Group has announced an expansion of its business by restructuring its Ludwigshafen facility located in Germany. The expansion is made by DyStar Group in response to changing market shifts and business conditions.
• 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.
• In March 2023, Rudolf Bangladesh Ltd., a subsidiary of Rudolf GmbH has announced an expansion of its business by moving to a new office to accommodate a growing local team. With a growing team, the company will provide even more technical support to its customers.
• In February 2023, Archroma has announced an acquisition of textile effects business from Huntsman Corporation. This acquisition will offer combined product portfolios of both the companies with highly complementary fashion brands in the textile industry.
• In January 2023, Devon Chemicals, a subsidiary of Pulcra Chemical GmbH has announced an expansion of its business by introducing Purissimo NTL, a biobased and biodegradable allergen control technology, to apply on textiles during the finishing stage of the textile manufacturing process.

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