Good News For Textile Chemical Industry

摘要

The Freedonia Group Inc. recently released a report that claims the global demand for textile chemicals will reach US$19 billion in 2012. The good news, according to analyst Pauline Tung, is that textile processing and finishing chemicals are "not as sensitive to the general economic cycle as most other industrial sectors" because apparel is considered a basic necessity.rnThe not-so-good news is that chemicals related to items such as carpets, rugs, and industrial textiles are more sensitive to macroeconomie conditions. Regional growth will also be mixed. "While some nations are expected to experience deceleration or decline, the textile industry should remain a significant one for most countries, as it covers basic necessities that are not likely to be completely outsourced," says Tung. North America, Europe, and Japan will face challenges while the Asia/Pacific region, particularly Chinarnand India, will continue to be the largest consumer of textile chemicals and the fastest growing.