Newsline-National | September 2014
Bdesh textile chemicals market to grow at 7%
According to a recently published report by TechSci Research, a research based global management consulting firm, ´Bangladesh Textile Chemicals Market Forecast & Opportunities 2019´, the countrys textile chemicals market is forecast to grow at a CAGR of around 7 per cent during 2014-19. The report indicates that Dhaka is the largest consumer of textile chemicals in the country due to the presence of a large number of textile mills and garment factories in the region. Huntsman, Dystar and Archroma are some of the countrys leading suppliers of textile chemicals, which are majorly imported from countries such as Singapore, India, China, Taiwan and South Korea.
Textile chemicals are used for colouring textiles and fabrics, improving the quality of textiles, and providing desired properties to the textile during processing. These chemicals find widespread application during the processing of cotton, wool and synthetic fibres. Bangladesh continues to be one of the major textile exporting countries, globally, after China and India.