The global textilechemicals market size is projected to reach USD 26.40 billion by theend 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 Impact Analysis, 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 20.85billion in 2019 and will exhibit a CAGR of 3.2% during the forecast period,
2020-2027.
The recentcoronavirus outbreak has created a sense of panic across the world. This has
led to a shutdown in major businesses across the world. We understand that this
health crisis has brought an unprecedented impact on businesses across
industries. However, this too shall pass. Rising support from governments and
several companies can help in the fight against this highly contagious disease.
There are some industries that are struggling and some are thriving. Overall,
almost every sector is anticipated to be impacted by the pandemic.
We are takingcontinuous efforts to help your business sustain and grow during COVID-19
pandemics. Based on our experience and expertise, we will offer you an impact
analysis of coronavirus outbreak across industries to help you prepare for the
future.
Textile chemicalsare products that are used 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.
Cost-reductionNeeds have put Innovations to the Fore
The reportencompasses several factors that have contributed to the growth of the overall
textile chemicals market in recent years. Among all factors, the increasing
number of product innovations driven by rising need for low-cost products will
have a huge impact on the growth of the market. Several companies are focusing
on manufacturing methods with the view to minimizing the total product cost.
