Market Dynamics:
The demand for textile chemicals is expected to be driven by growing demand for functional finishes in textiles. Consumers are increasingly opting for easy-care, wrinkle-free, and stain-resistant fabrics. Additionally, the COVID-19 pandemic has increased demand for antimicrobial textiles. Developments in nanotechnology have led to the development of new functional finishes such as moisture wicking, self-cleaning, thermoregulation, odor resistance, and UV protection. However, stringent regulations regarding toxic chemicals is expected to hinder market growth.

Key Takeaways

The Global Textile Chemicals Market Size is expected to witness high growth, exhibiting CAGR of 3.7% over the forecast period, due to increasing disposable incomes in emerging economies. Rising living standards drive demand for fashion apparel and home textiles in countries like India and Indonesia.

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