Textile Chemicals Market - Forecast 2021 - 2026
Textile Chemicals Market Overview: According to the Textile Exchange, the apparel industry, a subset of the textile industry, contributes a remarkable $2.5 trillion to $3 trillion to the global cash flow each year. Furthermore, the figure is estimated to escalate in the future in order to fulfill the sustainable development goals (SDGs) of the United Nations (UN). This is to say that the future foresees an augmented demand for clothing and apparel. Perceptibly, industries such as the dye manufacturing industry and other chemicals that are associated with the textile industry will be benefited by this growth in demand which will colossally have a positive impact on the textile chemicals market that was valued to be $26.2 billion as of 2018. Furthermore, the demand for textile chemicals is projected to grow at a compound annual growth rate (CAGR) of 4.50% during the forecast period of 2019 to 2025. Request Sample The China Energy Group has assessed China as the world’s top exporter w