The European textile chemicals market is estimated to witness a modest CAGR of 2.9% during the forecast period (2020-2026). Europe has some of the most developed countries and is one of the biggest markets for textiles, which makes the region a lucrative market for textile chemicals. Major factors contributing to the growth of the textile space in Europe include changing consumers’ shopping behavior such as a rise in demand for organic textile & fabrics and rising disposable income, which spurred the demand for textile chemicals in the region.
Due to the outbreak of COVID-19, the region had to witness non-essential businesses closing in the 2nd quarter of 2020. Owing to such closures, the textile and apparel sectors took a severe hit with most of the brands putting a break to their manufacturing. This resulted in retail stores recording major losses, which had a negative impact on the overall textile chemicals industry in the region. However, the 4th quarter of 2020, witnessed the opening up of the textile industry, which resulted in the textile chemicals space gaining momentum slowly.
Browse the full report description of "European Textile Chemicals Market Size, Share & Trends Analysis Report by Type (Colorants & Auxiliaries, Coating & Sizing Chemicals, Surfactants, Desizing Agents, Finishing Agents, and Others) and by Application (Apparels, Automotive Textile, Home Furnishing, Industrial Textile, and Others), By Raw Material (Synthetic, Cotton, Wool & Cashmere, Silk, Rayon/Viscose, and Others), and Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/european-textile-chemicals-market
Furthermore, fast fashion has proven to be a lucrative sector in the apparel industry. Growth in demand has been aided by children requiring regular clothing, as school uniform is not worn in Germany. Parents, therefore, look for fashionable clothing at affordable prices as they are required to spend money on a variety of other items. This has bolstered the demand for textile chemicals in the apparel manufacturing segment.
Market Coverage
Key Questions Addressed by the Report
o Recovery Timeline
o Deviation from the pre-COVID-19forecast
o Most affected region and segment
Europe Textile Chemicals Market Report Segment
By Type
By Application
By Raw Material
Europe Textile Chemicals Market Report Segment
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