The global textile chemicals
market is anticipated to reach USD 27560 million by 2022, growing at a CAGR of 3.4 percent. The major factors driving the growth of this market include the development of apparel industries owing to the surge in demand from consumers and the increasing population in developing nations across the world. Other factors fueling the textile chemicals market growth include the rise in demand for home furnishing products, the evolution of environmentally friendly chemicals required by textile industries, and the development of packaging industries.
The booming economy has resulted in a surge in disposable personal income in many countries across the world. This has enabled people to spend lavishly on expensive home furnishing textiles products that are supporting the textile chemicals market, remarkably.
Textile chemicals are specialty chemicals such as textile finishing chemicals that are used in the textile industry for a gamut of purposes that include dyeing, coloring, etc. Moreover, textile chemicals find applications in multiple divisions of the textile industry such as home furnishings, apparel, and many others.