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United States Textile Chemicals Market Forecast and Opportunities 2015-2020: Nano Technology to Influence the USD2.6 Billion IndustryDUBLIN, May 27, 2015 /PRNewswire/ -- Research and Markets(http://www.researchandmarkets.com/research/khmmbh/united_states) has announced the addition of the "United States Textile Chemicals Market Forecast and Opportunities, 2020" report to their offering. The United States market for textile chemicals is projected to surpass USD2.6 billion by 2020 Presently, home textiles segment accounts for the largest share in the country's textile chemicals market, followed by technical textiles and apparels. Introduction of new technical textile products and rapidly rising awareness about the benefits of using technical textiles in work places is expected to drive the market through 2020. Accounting for over three-fourths of the overall textile chemical sales in the country, Northeast and Southeast regions are expected to continue their dominance over the next five years. However, during the forecast period, it is expected that the United States textile industry would recover due to rising labor cost outside the US, which would eventually lead to shrinking of textile imports into the US. In addition, growing preference of the consumers towards superior quality textile products manufactured in the domestic market is expected to have a positive impact on the consumption of textile chemicals over the next five years.
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For more information visit http://www.researchandmarkets.com/research/khmmbh/united_states Media Contact: Laura Wood , +353-1-481-1716, [email protected] To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/united-states-textile-chemicals-market-forecast-and-opportunities-2015-2020-nano-technology-to-influence-the-usd26-billion-industry-300090128.html SOURCE Research and Markets |