Denim Finishing Agents Market Projected to Reach $1.9 Billion by 2028 | MarketsandMarkets™
The denim finishing agents market is projected to grow from USD 1.4 Billion in 2023 to USD 1.9 Billion by 2028, at a CAGR of 6.1% during the forecast period. The market growth is primarily driven by factors such as technological advancements in denim finishing, increasing demand for fashionable & comfortable denim clothing, growing demand from emerging economies, and increasing demand for customized denim.
The denim finishing agents market is evolving, with major players playing a vital role in developing new and advanced products. Archroma (Switzerland), Kemin Industries, Inc. (US), Asutex (Spain), CHT Group (Germany), Pulcra Chemicals GmbH (Germany), Rudolf GmbH (Germany), DyStar Group (Singapore), Novozymes A/S (Denmark), The Seydel Companies, Inc. (US), and Yuken Chemical Co., Ltd. (Japan) are key players in the denim finishing agents market. These players have adopted various growth strategies to strengthen their position in the market. These include new product launches, mergers and acquisitions, contracts, partnerships, and product development activities to further expand their presence in the denim finishing agents market.
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Archroma
An international maker of specialty chemicals is called Archroma. The business is a part of the SK Capital Partners organization. Three business segments make up how the corporation runs its operations: brand and performance textiles specialties, packaging and paper specialties, and coatings, adhesives, and sealants. In the brand & performance textiles specialty segment, it provides denim finishing agents. The business runs a platform that is highly integrated, focused on the customer, and provides tailored performance and color solutions in over 90 countries. In the continents of Asia Pacific, Europe, North America, South America, and the Middle East & Africa, Archroma has 35 production facilities.
In February 2023, Archroma 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. Moreover, in September 2022, Archroma announced that it has entered into a distribution agreement with Inquisalva-Inquistar. In this agreement, Inquisalva-Inquistar will distribute Archroma’s textile dyes in Central America and the Caribbeans.
Kemin Industries, Inc.
Kemin Industries Inc. is a global leader in the distribution and R&D of chemical solutions for the fashion and denim industries. The company operates its business in five segments, namely animal nutrition & health, animal vaccines, aquaculture, pet food & rendering technologies, and textile auxiliaries. The company offers denim finishing agents through the segment of textile auxiliaries under its subsidiary, Kemin Textile Auxiliaries with a brand name Garmon. Kemin Industries Inc. operates in more than 90 countries, with 15 production facilities and customers in more than 120 countries in the regions of Asia Pacific, North America, Europe, Middle East & Africa, and South America.
In August 2023, Kemin Industries Inc. announced that Garmon Studio, the application laboratory of Kemin Industries Inc., joined the Ellen MacArthur Foundation’s Jeans Redesign project. Garmon Studio joins 94 other garment manufacturers, fabric mills, retailers, and brands demonstrating its commitment to sustainable chemicals for the garment-finishing industry. Moreover, in February 2021, Kemin Industries Inc. has announced a new product launch, named kemzymes. It is a new range of enzymes developed for garment washing, becoming the first textile chemical company to produce its own enzymes.
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Rudolf Group
One of the top service suppliers for the entire textile sector on a global scale is Rudolf GmbH. Offering a broad range of chemical solutions and services along the full textile value chain, from fiber to finish, is the company’s core business. Aspirational chemistry, textile chemicals, construction chemicals, consumer care chemicals, car care chemicals, and brand & retail are the six business segments in which the company operates. The company provides denim finishing agents under the textile chemicals category. The corporation includes 45 subsidiaries spread over Europe, Asia Pacific, North America, the Middle East & Africa, and South America, in addition to 5 core subsidiaries: Hub 1922, Rudolf Italia, Rudolf Duraner, Rudolf Pakistan, Rudolf Indonesia, and Rudolf Atul.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 the textile auxiliaries’ industry to strengthen the company’s competitive position both globally and locally. Further, in the same month, 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.
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