World Textile Chemicals Market Hits USD 25.24 Billion by 2020 : Grand View Research GrandViewResearch.com has announced the addition of "Global Textile Chemicals Market Analysis And Segment Forecasts To 2020" Market Research report to their Database. San Francisco, CA, May 06, 2014 -- 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. Home furnishing was the largest application segment of the market, with demand exceeding 3,500 kilo tons in 2013. Apparel followed home furnishing applications, accounting for 26.0% of global demand in 2013 and is expected to witness fastest growth, at an estimated CAGR of 3.4% from 2014 to 2020. Growth is also expected to be high in emerging application segments such as industrial textiles, medical textiles and construction textiles. The report “Textile Chemicals Market Analysis and Segment Forecast To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/textile-chemical-market Inquiry Before Buying @ http://www.grandviewresearch.com/inquiry/339 Further key findings from the study suggest: • Global textile chemical market volume was 9,230.1 kilo tons in 2013 and is expected to reach 11,462.5 kilo tons by 2020, growing at a CAGR 3.2 % from 2014 to 2020. • Asia Pacific was the largest regional market and is expected to be the fastest growing region over the forecast period, at an estimated CAGR of 3.5% from 2014 to 2020.
World Textile Chemicals Market Hits USD 25.24 Billion by 2020 : Grand View Research
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