The textile chemical and dye market of Bangladesh is seeing huge growth prospects on the back of rising garment exports. The demand for chemicals in Bangladesh has been increasing rapidly because of the growing denim industry. The country’s performance in the denim segment is so strong it has overtaken even China in the EU market.

Bangladesh has 425 spinning, 790 weaving and 250 dyeing mills. With the existing capacity, the primary textile sector can supply 90 per cent of the raw materials for knitwear and 40 per cent for the woven sector. The rest of the demand is met through imports from China, India and Pakistan.

Water use for washing and dyeing can be reduced by about 50 per cent if the chemicals are used properly. Similarly, energy consumption can also be cut by 30 per cent. Huntsman Textile Effects, based in the US, is working with nearly 200 textile and dye factories in Bangladesh and logging 16 per cent year-on-year sales growth. It sees room for further expansion of its chemical and dye business in Bangladesh. The country is among its top four destinations globally.

Huntsman is among the top three chemical companies for Bangladesh. The country is among its top four destinations globally. Among major garment producing nations, Huntsman supplies chemicals to textile factories in China, India and Vietnam.