Growth of 9 per cent projected for textile chemicals market

China Textile Chemicals Market Forecast & Opportunities report claims that the textile chemicals market in China is projected to witness a CAGR of 9.7 per cent by 2019. Divided into colorants and auxiliaries, textile chemicals captured majority of shares in 2013. The North Western and South Central regions in China are expected to boost the country’s textile manufacturing industry. China has very good domestic demand also of such chemicals as it is the largest producer of synthetic and natural fibres, fabrics, and apparel. Its textile and clothing exports grew by 11.4 per cent in 2013 as compared to 2012. The technical textile is also witnessing high growth as it utilizes high performance and high functionality textile auxiliaries.

Also Read: Technical Textile Chemicals Market to be worth US $ 4.96 billion by 2020, claims Grand View Research