Bangladesh Textile Chemicals Market, 2013-2019 & 2024
The "Bangladesh Textile Chemicals Market By Product Type (Colorants and Auxiliaries), By Cluster (Dhaka, Chittagong and Rest of Bangladesh), By Application (Apparel, Technical Textile and Others), Competition, Forecast & Opportunities, 2013-2024" report has been added to ResearchAndMarkets.com's offering.
Bangladesh textile chemicals market is forecast to grow from $ 864 million in 2018 to $ 1.38 billion by 2024, exhibiting a CAGR of around 8% during the forecast period, owing to robust growth in garment sector.
Bangladesh, the second leading textile and apparel exporter worldwide, is witnessing high growth in textile and apparel sector. Moreover, exemption from export duties, favorable governmental policies and availability of labor at lower wages are attracting foreign investors towards the country's textile sector, which in turn is catalyzing the demand for textile chemicals.
Textile colorants dominates the country's textile chemicals market, owing to their property of imparting aesthetic value and appearance to the finished textile products. Dhaka is the largest demand generating region for textile chemicals in Bangladesh, backed by the presence of large number of textile mills in the region.
Source: https://globenewswire.com