Increasing penetration of technical textiles across various end-use industries such as medical, military and transportation is expected to drive the global technical textile chemicals market. Positive outlook on global automotive industry is also expected to have a positive influence on the market growth over the next six years. The Global Technical Textile Chemicals Market is expected to reach USD 4.96 billion by 2020, according to a new study by Grand View Research, Inc. Increasing industrial growth rate in emerging markets of China, India, Brazil and Russia is further expected to complement the market growth. Volatile prices of key raw materials coupled with growing environmental concerns are expected to remain a key challenge for market participants. Transtech emerged as the largest application segment and accounted for 25.1% of total market volume in 2013. Growth of automotive industry particularly in BRIC nations coupled with resurgence of American automotive industr...