Textile Chemicals Market to witness revenue growth by USD 5.15 Bn worldwide through 2023-2027
The textile chemicals market is expected to exhibit growth at a CAGR of 4.35% between 2022 and 2027 with an estimated revenue growth of USD 5.15 billion. Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
Navigating through the growth drivers of the Textile Chemicals Market: Technical fabrics are becoming more and more well-liked as substitutes for traditional materials. Global market expansion has been observed for the use of abrasive surfaces, filters, insulation, and electrical parts in industries such as construction, transportation, agriculture, and sports.
For instance, ~ "the expanding automobile industry also contributes to the demand for technical textiles in products like seat belts, airbags, and upholstery. "
Textile Chemicals Market Growth Drivers at a Glance
Key Companies: Some of the major key player worth mentioning names comprises 3M Co., Archroma Management GmbH, Associated British Foods Plc, BASF SE, Biotex Malaysia, Christeyns NV, Dow Chemical Co., Evonik Industries AG, Fibro Chem LLC, Huntsman International LLC, Kemira Oyj, Kiri Industries Ltd., Lanxess AG, Omya International AG, Organic Dyes and Pigments, etc..
Organizations like 3M Co. offers textile chemicals solutions with 3M Dyneon Fluoropolymers. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem.
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