APAC Bleaching Chemicals Market Revenue and Value Chain 2014-2020 FMI | Page 3

Report
Description
Report Description
The bleaching chemicals market in Asia-Pacific is expected witness the highest growth in the near future.
This is attributed to the fact that APAC countries such as China, India, Malaysia, Bangladesh and Thailand are
estimated to be the high-potential untapped markets due to extensive growth of end-user industries.
Additionally, continuous economic advancement coupled with constantly increasing manufacturing sector
output promises a big market for bleaching chemicals in the APAC region.
China has dominated the global textile and garment industry for the past two decades and remains the
single largest producer and exporter of textiles and clothing. Moreover, with increasing land and labour costs
across major developing markets such as China and India, the global textile and garment industry is expected
to undergo a swing to South East Asia. Asia is a major exporter of textile and clothing to developed markets,
of which emerging Asia accounts for significant contribution. Textile manufactures with production units
based in China have adopted China plus one strategy. Big business houses that can afford such a strategy
retain a production base in China and open another unit in a low cost Asian country. Growth in textile
industry along with other prominent end use industries for bleaching chemicals will ensure healthy demand
for bleaching chemicals in the APAC region.
Request For TOC@ http://www.futuremarketinsights.com/toc/rep-ap-119
Some of the key players operating in the bleaching chemicals market are Akzo Nobel Eka, Aditya Birla
Chemicals, Kemira Oyj and Hercules and Hercules Inc. Companies focus more on research and development
in order to upgrade technology and capitalize on untapped potential markets in various industries like oil and
gas and mining.