Press Release

India Textile Chemicals Market to Grow by more than 9% through 2019

Textiles have symbiotic relationship with textile chemicals. Increasing demand for textilesis boosting the consumption of textile chemicals across the globe. Textile chemicals are speciality chemicals used in textile processing industries for dyeing and processing of textiles during pre-treatment, dyeing and printing & finishing processes. These chemicals help in imparting the desired characteristics and aesthetic properties to the fabric. More than 100 chemicals are used during textile processing, however, they are broadly divided into two categories - Colorants and Auxiliaries.

According to a recently published TechSci Research report India Textile Chemicals Market Forecast and Opportunities, 2019, the demand for textile chemicals in India is forecast to grow at a CAGR of more than 9% during 2014-19.As of 2013, more than 300 large and small players were engaged in manufacturing textile chemicals in India. Small scale players are mainly thriving on government support in the form of hefty concessions in excise duties and other financial incentives in setting up business operations. Rising demand for innovative textile products like technical textiles is one of the major factors driving textile chemicals market in India. Of these, the market share of colorants in value terms is more than that of auxiliaries as the average selling price of colorants is much higher than that of auxiliaries. However, the volume consumption of colorants is much less than that of auxiliaries as they are used at almost all the stages of textile processing.

Major players such as Clariant, BASF and Huntsman are increasing their focus on product innovation to offer eco-friendly products with additional functional properties. Textile manufacturing companies are also inclining towards bio-auxiliaries and other eco-friendly chemicals to decrease the environmental effects of manufacturing textile chemicals.

“In India’s textile chemicals market, colorants account for a significant share in revenue terms due to increasing global prices of dye intermediates. This market segment is expected to grow over the next five years on account of increasing demand for darker shades and high quality products. Moreover, technical textiles segment is expected to witness inflow of new investments, which would boost the demand for innovative and high performance textile chemicals through 2019 in India.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Textile Chemicals Market Forecast and Opportunities, 2019 has evaluated the future growth potential of India textile chemicals market and provides statistics and information on market structure and industry behavior trends. The report includes textile chemicals market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in textile chemicals market in India.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com


Relevant Reports

Bangladesh Textile Chemicals Market By Product Type (Colorants and Auxiliaries), By Cluster (Dhaka, Chittagong and Rest of Bangladesh), By Application (Apparel, Technical Textile and Others), Competition, Forecast & Opportunities,

Chemicals | Jan, 2019

Growing textile sector, increasing apparel exports and access to duty-free trade to drive Bangladesh textile chemicals market through 2024

Relevant News