29 March 2022, Mumbai:
The worldwide textile chemicals market is estimated to reach US $ 38.66 billion by 2030, growing at a revenue CAGR of 4.3 percent throughout that time.
Growing demand for home decor goods will fuel global revenue growth. At the same time, shifting fashion trends and growth in the working population are driving the demand for attractive attire.
ALSO READ ITIS (International Textile Industry Statistics)
As a result, the market for textile chemicals is growing. Reports and Data is a market research and consulting firm that offers syndicated and custom research reports, as well as consulting services.
Manufacturers in developing nations such as India have switched their emphasis to investing in product innovation, which is assisted by the government's Make in India initiative, according to the research.
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In general, rising demand for natural fibers is predicted to drive up demand for textile chemicals during processing.
Huntsman Corporation, Archroma, Dow Inc., BASF SE, Wacker Chemie AG, Evonik Industries AG, Solvay S.A., TANATEX Chemicals India Ltd., DIC Corporation, and OMNOVA Solutions Inc. are a few of the key firms in the textile chemical market.
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CREDITS: PR NEWS WIRE Reports and Data Survey & Apparel Resources.
