With the transfer of the global textile industry center to the country, the center of the world's textile additives has also begun to move to the domestic. At present, the market capacity of the global textile additives industry is over USD 17 billion, and the domestic market is over RMB 20 billion. With the development of the textile industry, the domestic demand for additives will also grow at a rate of 15% to 20% per year. The broad market space provides good opportunities for the development of the textile additives industry. The fundamental driving force for the rapid development of the textile additives industry comes from the industrial upgrading and consumption upgrading of the textile industry. Thanks to the development of new, high-end, and functional textiles, the additive industry will continue to introduce new varieties through technological advancements to meet growing consumer demand.
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