The global electric commercial vehicle (ECV) market is projected to grow at a compound annual growth rate (CAGR) of over 26.02% from 2023 to 2027, according to a recent report by Technavio. This growth is primarily attributed to increasing environmental concerns and the need for sustainable transportation solutions. Companies are investing heavily in the development and production of ECVs, such as buses, trucks, and vans, to meet the growing demand for eco-friendly transportation options.
The global textile chemicals market is projected to grow significantly in the coming years, primarily driven by the increasing demand for high-quality textiles and the growing textile industries in developing countries. The market is segmented by product type, application, and region. The major product types include dyes, pigments, and finishing agents. The major applications include apparel, home furnishings, and industrial textiles. The major regions include Asia Pacific, North America, Europe, and the Rest of the World.
