The global textile chemicals market size is projectedto reach USD 26.40 billion by the end of 2027. The increasing applications of
the product across diverse industry verticals will emerge in favor of the
growth of the market. According to a report published by Fortune Business
Insights, titled “Textile Chemicals Market Size, Share & COVID-19 ImpactAnalysis, By Product Type (Coating & Sizing Chemicals, Colorant &
Auxiliaries, Finishing Agents, Surfactants, De-sizing Agents and Others), By
Application (Apparel, Home Furnishing and Technical Textiles) and Regional
Forecast, 2020-2027,” the market was worth USD 20.85 billion in 2019 andwill exhibit a CAGR of 3.2% during the forecast period, 2020-2027.
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Textile chemicals are products that areused in the treatment of textile material at various stages in the
manufacturing process. The product plays an important role in obtaining
favorable textile properties. The rising applications of textile chemicals
across diverse industry verticals will emerge in favor of the growth of the
overall market in the forthcoming years.
The massive investments in the developmentof efficient textile chemicals by major companies across the world will
contribute to the growth of the market. Accounting to the rising awareness
regarding the use of harmful chemicals and their adverse effects on the quality
and durability of textiles, there is an increasing demand for green textile
chemicals across the world. The increasing R&D activities will play a
crucial role in the development of green textile chemicals in the coming years.
