Textile Chemical Market by Product Type (Coating & Sizing Chemicals, Finishing Agents, Colorants & Auxiliaries, Surfactants, Desizing Agents, Yarn Lubricants, and Bleaching Agents), by Application (Home Furnishing, Apparels, and Industrial) - Global Oppor
Posted on: 2019-10-07 10:32:23
Growing at a CAGR of 3.4% from 2016 to 2022, the global textile chemical market is expected to reach $27,560 million by 2022, from $21,770 million in 2015. The demand for textile chemicals is increasing due to technological advancement in mechanized-produced textiles, to fulfill the clothing demands of increase in population and providing effective quality and durability of textile materials. Textile chemicals are intermediate compounds utilized for improving and optimizing fabric processing or for manufacturing processes. These chemicals include dyes, printing agents, stabilizers, surfactants, reducers, equipment cleaners, leather tanning, bleaching agents, detergents, softeners, wetting agents, oxidizers, UV absorbers, flame retardants, colorants, brightening agents, antistatic agents, and many more. The textile chemical products are employed in clothing industries, agriculture, packaging, environmental protection, and transportation sectors. Rise in demand for textile chemical market has reduced the domestic textile industries and workshops.