The global market for textile chemicals is expected to reach USD 25.24 billion by 2020, according to a new study by Grand View Research, Inc. High demand from key application markets including home furnishing and apparel are expected to be a key driving force for the market. The apparel industry has witnessed increased per capita consumption primarily in India, Brazil, China and Russia which is expected to result in increased demand for textile chemicals over the forecast period. However, environmental hazards associated with the use of these chemicals, resulting in an unfavorable regulatory landscape are expected to be a critical challenge for market participants.
http://www.grandviewresearch.com/industry-analysis/textile-chemical-market
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