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Rising Demand and Increasing Adoption to Boost the Global Textile Chemicals Market by 2022

Rising Demand and Increasing Adoption to Boost the Global Textile Chemicals Market by 2022

Textile Chemical Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $27,560 Million by 2022, registering a CAGR of 3.4%. Asia-Pacific is expected to continue to dominate the global textile chemical market, growing at a CAGR of 2.9%, in terms of revenue, from 2016 to 2022. Colorants & auxiliaries segment occupied more than one-fourth share of the total market revenue in 2015. In 2015, the home furnishing segment occupied around one-third share of the global market, in terms of revenue.

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Textile Chemicals Market Size, Market Share, Application Analysis and forecast 2012 - 2020

Textile Chemicals Market Size, Market Share, Application Analysis and forecast 2012 - 2020

Textile chemicals market has been witnessing strong growth on account of increasing demand from home furnishing industry over the past few years. Increasing residential projects in BRICS countries is anticipated to surge the market growth over the next five years. Textile chemicals are used in textile manufacturing to improve and optimize the manufacturing process.

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Textile Chemical Market

Textile Chemical Market

The product type segment namely coating & sizing chemicals, finishing agents, colorants & auxiliaries, surfactants, desizing agents, yarn lubricants, and bleaching agents are covered under the scope of the report. The applications of textile chemicals include home furnishings, apparels, and industrial chemicals.

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