Technical Textile Chemical Market - Growth, Overview & Outlook
Global technical textile chemical market value in the year 2021 was USD8.6 billion and it is projected to register CAGR growth over 4.6% during the forecast years, 2023-2027, on account of growth factors like surging demand for technical textiles and demand for specific textiles for home furnishing & decoration sector. Rising demands for the commercial spaces due to increasing industrialization and globalization as well as expanding service-based industries like information technology and telecommunications, banking, financial services, and insurance, are further driving the growth of the global technical textile chemical market in the upcoming five years. Rising disposable income among the consumers also facilitates the futuristic growth of the global technical textile chemical market. Chemicals used in the manufacturing of the types of technical textile is termed as technical textile chemical. Technical textiles are manufactured for non-aesthetic purposes wher...