As the global textile industry center shifts to the domestic market, the center of the world textile auxiliaries has also begun to shift to the domestic market. At present, the global textile auxiliaries industry has a market capacity of over US$17 billion and the domestic market is over RMB20 billion. With the development of the textile industry, the domestic demand for additives will increase at a rate of 15% to 20% per year. The broad market space provides a good opportunity for the development of the textile auxiliaries industry. The fundamental driving force for the rapid development of the textile auxiliaries industry comes from the industrial upgrading of the textile industry and the upgrading of consumption. Thanks to the development of textiles towards novelty, high-grade and functional, the auxiliaries industry will continue to introduce new varieties through technological advancement to meet the growing consumer demand.
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