Textile chemicals market growth

“Textile Chemicals Market by Fiber, Product Type, Application, and Region—Global Forecast to 2023,” a report by ResearchAndMarkets.com, looks at the growth of the global textile chemicals market. Estimated at $26 billion in 2018, the market is projected to reach $31.64 billion by 2023, at a CAGR of 4.0 percent. The market is witnessing growth due to the increasing demand for technical textiles in end-use industries, such as automotive, health care, agriculture and packaging. Growing trends towards better home furnishing and aesthetics are also driving the consumption of textile chemicals. Synthetic fiber is projected to be the fastest-growing segment of the overall textile chemicals market.