Chemical market thrives on apparel

Riding on rising garment export, Bangladesh's textile chemicals market is forecast to grow to $1.38 billion by 2024 from $864 million last year registering an 8 percent compounded annual growth rate. The Research and Markets, a global market research company based in Ireland, unveiled the info in a recent report titled “Bangladesh textile chemicals market by product type, by cluster, by application, competition, forecast & opportunities, 2013-2024”. The company has 450 of the Fortune 500 companies in the list of its clients and the market insights and analysis it presents comes from 1,700 research teams based across 81 countries. Bangladesh, the second largest apparel exporter, is witnessing high growth in the sector, according to the report.