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Friday, March 1, 2024

Textile enzymes market size is to hit USD 801.3 Mn, globally by 2032, at a CAGR of 5.2%

The textile enzyme market is gaining significant traction due to the increasing demand for eco-friendly production processes in the textile industry. Textile enzymes are used for various purposes such as de-sizing, scouring, and bleaching of fabrics. These enzymes help in reducing water consumption and energy usage during textile processing. Moreover, they also improve the quality of fabrics by enhancing their softness, color brightness, and durability.

The textile enzymes market was accounted for USD 488.8 million in 2022 and expected to grow 801.3 million in 2032. Between 2023 and 2032, this market is estimated to register a CAGR of 5.2%.

The Asia-Pacific region dominates the global textile enzymes market due to large-scale textile manufacturing industries in countries such as China, India, and Bangladesh. The growing awareness about sustainable production practices among consumers is likely to further drive the demand for textile enzymes in this region. North America and Europe are also expected to witness significant growth in this market due to rising concerns about environmental sustainability.

Key players operating in the global textile enzymes market are focusing on product innovation and R&D activities to gain a competitive edge over their peers. They are also collaborating with other companies to expand their geographic reach and strengthen their position in the market

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