Demand for Textile Chemicals to be $19 Billion in 2012: Study

Global textile chemical demand will increase by 2.8% per year until it reaches $19 billion in 2012, according to a study released last week by the Freedonia Group, an industry research firm. Growth will be driven by rising incomes, particularly in the developing world. The Asia/Pacific region will be both the largest consumer of textile chemicals and experience the strongest growth in demand. Finishing chemicals will continue to post the strongest growth rates, however, colorants and auxiliaries will remain the largest product segment. Meanwhile, demand for dyes...

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