Textile Chemicals Market Global Opportunity Analysis and Industry Forecast, 2014-2022 Textile Chemical Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $27,560 Million by 2022, registering a CAGR of 3.4% during the forecast period 2016-2022. Coating & sizing chemicals segment is expected to retain its dominant position, in terms of revenue generation, throughout the forecast period. Asia-Pacific held the leading position in the global market in 2015, and is expected to maintain its lead in the future. Textile chemicals are immediate chemicals expected to witness notable growth in the coming years. This is due to the wide range applications of the chemicals such as dyeing, printing, coating, finishing, and bleaching. Increase in applications of textile chemicals in the apparel sector such as in clothing and footwear is expected to grow in the coming years. Moreover, growth in demand for home furnishings, floor furnishings, and ecofriendly chemicals products are some other factors that drive this market. The impact of these drivers is expected to increase significantly due to increase in awareness about the applications of the textile chemicals. Some of the restraints associated with the textile chemicals market are harmful effects of chemicals on environment and strict regulations for approval of chemicals. The significant impacting factors in the textile chemicals industry include development of apparel industries due to increase in demand for consumers and growth in population. Along with these factors, the market is influenced by the increase in demand for home furnishing products, evolution of environmental friendly chemicals required by textiles industries, and development of packaging industries, which require large textile chemicals. The above-mentioned factors collectively create opportunities for the market growth while factors such as unfavorable effects of textile chemicals pose limitations in the market. However, each factor would have its definite impact on the market during the forecast period. The winning strategies of textile chemicals market are depicted by the analysis performed on company profiles of key players of the market. The data obtained is gathered and analyzed in reference to their recent development. The data obtained through press releases by the companies have limited scope to publicly available information. The key strategies tracked from the recent developments of the companies in this industry include
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