The fixing agent market is likely to register a CAGR of 5.3% during the forecast period, and is anticipated to reach a market share of USD 5.24 Billion in 2032, from USD 2.97 Billion in 2021.
Since the textile printing pattern has changed as a result of changing fashion trends and technical breakthroughs, there is a large demand for fixing agent.
| Attributes | Details |
|---|---|
| Fixing Agent Market CAGR | 5.3% |
| Fixing Agent Market Size (2021) | USD 2.97 billion |
| Fixing Agent Market Size (2032) | USD 5.24 billion |
Demand for fixing agent is huge, as a fixing agent is a key component in the dyeing and printing industries, as it aids in improving dye color fastness. Its prominent qualities include effective wash resistance, stiffness, flame resistance, and a relatively higher crease, among others, creating a pool for sales of fixing agent.
The fixing agent is segmented into two product forms: solid and liquid. It is divided into two forms based on the presence of an ion: cationic and anionic fixing agents, affecting the preferences and demand for fixing agents among its end users.
The demand for fixing agent is accelerating as it is utilized in the dyestuff business, food and beverage industry, chemicals, polymer industry, and other end-user sectors. The wide application is the main contributor to higher sales of fixing agent.
The textile industry has undergone revolutionary changes in recent years, with the textile printing pattern changing as a result of changing fashion trends and technical improvements, which is projected to drive the global fixing agent market share significantly.
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Sales of fixing agent are increasing, as it is a vital ingredient in dyeing applications, according to the printing industry. As a result, by the end of the forecast period, customers who are increasingly interested in high-quality printed clothes are expected to have a favorable impact on the global fixing agent market growth.
For example, worldwide garment consumption was expected to be USD 1.8 trillion in 2017, accounting for about 2% of global GDP of USD 79.3 trillion. The sales of global fixing agent, on the other hand, are being hampered by rising raw material prices.
Furthermore, the food and beverage industry's demand for fixing agent will be hampered by the strict requirements related to product food applications.
Geographically, the fixing agent market outlook is influenced by each region's textile and dye industries. The Asia Pacific region, excluding Japan, is anticipated to account for one-fourth of the global fixing agent market size.
Factors contributing to the sales of fixing agent in the APEJ region include economies with large populations and extensive industrial infrastructure, such as China and India. As a result, the Asia Pacific fixing agent market is expected to grow at a rapid pace throughout the forecast period.
In terms of fixing agent market volume share, Europe and North America are expected to grab half of the market during the forecast period, followed by Asia Pacific. Over the projected period, activities such as refinery repairs, textile industry enhancements, and capacity restarts in the GCC nations of the Middle East and Africa are expected to depress demand for fixing agent.
Few global fixing agent key players are Fineotex Chemical Limited, Viswaat Chemicals Limited, GG Organics, Protex Korea, CHT Group, eksoy Chemicals, HT Fine Chemical Co., Ltd., SENKA Corporation, PROTEX, D. K. CORPORATION, Piedmont Chemical Industries, NICCA Chemical, Avocet Dye & Chemical, S D International, Jain Chem, Vertellus Holdings, Achitex Minerva Spa, and among others.
To solidify their market position and increase sales of fire retardant coatings, these companies are utilizing various strategies, such as mergers and acquisitions, partnerships, collaborations, to cope up with the sales of fixing agent.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.3% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Application, Product Type, Product form, Region |
| Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Fineotex Chemical Limited; Viswaat Chemicals Limited; GG Organics, Protex Korea; CHT Group; eksoy Chemicals; HT Fine Chemical Co., Ltd.; SENKA Corporation; PROTEX; D. K. CORPORATION; Piedmont Chemical Industries; NICCA Chemical; Avocet Dye & Chemical; S D International; Jain Chem; Vertellus Holdings; Achitex Minerva Spa |
| Customization | Available Upon Request |
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The global fixing agent market is set to advance at a CAGR of 5.3% from 2022 to 2032.
Asia Pacific is likely to hold major fixing agent market share during the forecast period.
The fixing agent market is expected to reach USD 5.24 billion by 2032.
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