The “Textile Chemicals Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015–2030” shows that the textile chemicals market has shown promising growth in the past five years and is anticipated to achieve a CAGR of 5.35% during the forecast period.
Robust growth of the apparel market in developing economies coupled with an increasing population and per capita income is expected to drive the demand for textile chemicals during the forecast period. Moreover, the growing fashion industry and the shorter replacement cycles of the apparel industry are also other factors influencing demand growth during the forecast period.
Pollution caused by the textile dyeing and finishing industry is expected to hinder demand growth during the forecast period. Textile chemicals are the chemicals that are used in the dyeing and processing of textiles to attain desired properties like color, mechanical strength, etc. Textile chemicals are of several types, including colorants and auxiliaries, coating, and sizing, desiring agents, finishing agents, surfactants, and bleaching agents. Textile chemicals find application in various types of textiles, including apparel, home textiles, technical textiles, etc.
They impart several properties to the textile, such as desired shade, tensile strength, shear strength, bleaching, etc. Textile chemicals are related to textiles; hence, their prices are directly linked to the fluctuations in the demand for textiles, including apparel, home textiles, and technical textiles.
A sudden outbreak of novel corona virus followed by a fall in demand for textiles caused a major downfall in textile chemicals, so prices remained low for textile chemicals during the corona virus pandemic.
