tmrFebruary 2, 2021 13
According to a recent report by Transparency Market Research (TMR), the global textile enzymes market is foreseen to witness a notable growth in the various part of the world. The global textile enzymes market is estimated to register a steady CAGR of 4.0% within the forecast period from 2018 to 2026. In 2017, the market was valued around worth of US$201.5 mn.
Earlier, strong bases, acids, and other oxidizing agents were used in textile processing. However, with the advancement in technology, the textile enzymes market picked up pace, and provided several eco-friendly and non-toxic enzymes for textile processing. They help in bio-polishing and desizing several kinds of fabrics such as cotton-based, without harming the quality of textiles. Changes in fashion trend and improvement in the spending ability among the populations can be seen as the two major factors contributing in the growth of textile enzymes market.