The North American textile chemicals market is estimated to grow at a CAGR of 3.1% during the forecast period (2020-2026). North America is the largest market for textiles across the globe, with the US holding a value share of more than 85% in the region. Presently, the usage of surgical masks and PPE kits has exponentially increased due to the COVID-19 pandemic across the globe and in the region, as it also is one of the worst-hit COVID-19 region, across the globe. This scenario has enhanced the manufacturing of PPE kits and masks, which is likely to create a significant demand for the textile chemicals market.
In Canada, as of April 30, 2020, Health Canada had ordered 1.8 billion units of PPE, which includes masks and PPE kits from China, due to the rise of COVID-19. Many local players have also started manufacturing medical masks and PPE kits, in order to meet the demand in this pandemic situation for medical staffs and patients, which creates significant demand for textile chemicals in the country.
Browse the full report description of "North America 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, Other) Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/north-america-textile-chemicals-market
However, the contemporary North American textile and apparel industry has faced significant challenges, as the volume of imported goods entering the domestic market has been continuously increasing. In attempts to foster the domestic industry, the US government negotiated a variety of trade agreements, extending preferential treatment, including duty and quota-free access to the US market for apparel and other textile products, manufactured in developing countries in the Sub-Saharan Africa, Caribbean Basin, and the Andean region.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
North America Textile Chemicals Market Report Segment
By Type
By Application
By Raw Material
North America Textile Chemicals Market Report Segment
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