India
Textile Chemicals market is anticipated to grow significantly in the projected
period 2028 due to increasing awareness on sustainable
textile manufacturing practices, rising disposable incomes, and increasing
demand for textiles and apparel. India’s annual textile and apparel exports mounted
at USD 44.4 billion in 2022, with a rise of 41% compared to last year textile export.
The Indian textile chemicals market is a significant part
of the country's chemical industry, which is one of the largest in the world.
The textile chemicals market is driven by increasing awareness
about the sustainable textile manufacturing practices and rising demand for
various types of chemicals used in the textile manufacturing process. The
market includes a wide range of chemicals, including dyes, pigments,
auxiliaries, and finishing agents.
The demand for textile chemicals in India is driven by
the country's large and growing textile industry. India is one of the largest
producers and exporters of textiles in the world, with a diverse range of
products including cotton, silk, wool, and synthetic fibers. The textile
industry is a significant contributor to India's economy, providing employment
to millions of people and generating significant foreign exchange earnings. The
textile chemicals market in India is highly competitive, with both domestic and
international players competing for market share. Some of the key players in
the market include Archroma India Private Limited, Huntsman International
(India) Private Limited, BASF India Limited, and Clariant Chemicals (India)
Limited. Therefore, the Indian textile chemicals market is expected to continue
to grow in the upcoming years, driven by the country's large and growing
textile industry, as well as increasing demand for sustainable and eco-friendly
textile chemicals.
Increasing Demand from the Textile Industry are Key Factor
that Driving the Market Growth
The growing demand from the textile industry is a key
driver for the Indian textile chemicals market. The Indian textile industry is
one of the largest in the world and is growing rapidly. The demand for textile
chemicals is directly related to the growth of the textile industry. The demand
for textiles and apparel is increasing in India due to factors such as rising
disposable incomes, changing lifestyles, and the growth of e-commerce. This has
led to an increased demand for textile chemicals used in the manufacturing of
these products. Recently, the Gujarat Dyestuffs Manufacturer Association stated
that “the market is experiencing rise in the demand and price of dyes in the
region as they are reopened after six months. As a result, most of the units
are using approx. 60% capacity as compered to 35% of earlier.
Textile chemicals are used for various purposes in the
textile manufacturing process, such as dyeing, printing, finishing, and
coating. They are essential for improving the quality, performance, and durability
of textiles. As the demand for textiles and apparel grows, the demand for
textile chemicals is also increasing. This is driving the growth of the Indian
textile chemicals market. The market includes a wide range of chemicals such as
dyes, pigments, auxiliaries, and finishing agents.
In addition to the domestic demand, the Indian textile
chemicals market is also driven by the global demand for textiles and apparel.
India is one of the largest producers and exporters of textiles in the world.
The country exports textiles and apparel to various countries, which creates a
demand for textile chemicals used in the manufacturing of these products. Therefore,
the growing demand from the textile industry is a key driver for the Indian
textile chemicals market, and this trend is expected to continue in the projected
period.
Upsurge in the Demand of Apparel and Home Textiles is Impacting
the Market Growth
The increasing demand for apparel and home textiles is
another key driver for the Indian textile chemicals market. This trend is driven
by factors such as rising disposable incomes, changing consumer preferences,
and the growth of e-commerce. As disposable incomes rise, consumers are willing
to spend more on clothing and home textiles, which has led to an increased demand
for these products. In addition, changing lifestyles and fashion trends are
driving the demand for new and innovative textile products, which require the
use of textile chemicals. India ranks third among major dyes exporting countries. Currently,
India exports about 355 different types of dyes to 22 different countries worldwide.
Home textiles include products such as bed sheets,
towels, curtains, and upholstery. Apparel includes a wide range of products
such as shirts, pants, dresses, and skirts. Textile chemicals are used in the
manufacturing of these products for various purposes such as dyeing, printing,
and finishing. The demand for textile
chemicals is directly proportional to the demand for apparel and home textiles.
As the demand for these products grows, the demand for textile chemicals is
also increasing. This is driving the growth of the Indian textile chemicals market.
In addition, the growth of e-commerce has also
contributed to the increasing demand for apparel and home textiles. Online retailers
are offering a wide range of textile products at competitive prices, which has
led to an increased demand for these products. In June 2022, Amazon India
signed an MoU with Manipur Handloom & Handicrafts Development Corporation
Limited (MHHDCL), a Government of Manipur Enterprise to support the growth of
artisans and weavers across the state. This has, in turn, driven the demand
for textile chemicals used in the manufacturing of these products. Therefore,
the increasing demand for apparel and home textiles is a key driver for the
Indian textile chemicals market, and this trend is expected to continue in the
coming years.
Different Activities & Efforts by Prominent Players
are Driving the Demand of the Textile Chemicals
The Indian textile chemicals market has witnessed
significant developments in recent years. Some of them are:
Technological Advancements: With advancements in technology, manufacturers can develop
new and innovative textile chemicals that are more effective and sustainable.
For instance, there has been a growing trend towards the development of
eco-friendly textile chemicals, which are free from harmful chemicals and are
safer for the environment.
Expanding Investments: Several companies in the Indian textile chemicals market
are investing in research and development activities to develop new and
innovative products. In addition, there has been a growing trend towards
mergers and acquisitions, which has helped companies to expand their product
portfolios and increase their market share.
Focus on Sustainability: There has been a growing focus on sustainability in the
Indian textile chemicals market. Manufacturers are increasingly developing
products that are more sustainable and environmentally friendly. This trend is
driven by the increasing demand for eco-friendly products from consumers as
well as the need to comply with environmental regulations.
Growing Exports: The Indian textile industry is one of the largest in the world,
and the country is also one of the largest exporters of textiles. This has led
to an increased demand for textile chemicals used in the manufacturing of these
products.
Therefore, the Indian textile chemicals market is
witnessing significant developments, driven by technological advancements,
increasing investments, focus on sustainability, government initiatives, and
growing exports. These developments are expected to continue in the upcoming years,
driving the growth of the Indian textile chemicals market.
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Recent Development
- In 2023, Vatva-based Appex Dyestuff
Industries signed an agreement to acquire the Associated Dyestuff Pvt Ltd for
911,047 USD, to expand their product range into liquid dyes manufacturing.
Currently, Appex Dyestuff Industries produce 100 tons of powder dyes in a
month, but after this acquisition, they will enhance their production capacity
to 200 tons of liquid dyes at the new plant, which will be supplied to paper
industries.
- In 2020, Godrej Industries
announced plans to invest INR 700 crore (approximately USD 100 million) to
expand its production capacity for fatty acids, glycerine, and other textile
chemicals.
- In 2018, Archroma, a global leader
in color and specialty chemicals, announced that it was investing INR 1
billion (approximately $15 million) in its Indian operations. The
investment was aimed at expanding the company's textile chemicals business
in the country.
Market Segmentation
India textile chemicals market is segmented based on type, process
type, textile types, sales channel, end use, and region. Based on the type, the market
is divided into colorants, and auxiliaries. Based
on the process type, the market is divided into pre-treatment, dyeing &
printing, and finishing. Based on the textile type, the market is divided into
fabric, yarn, fiber, and composites. Based on the sales channel, the market is divided
into direct and indirect. Based on the end use, the market
is divided into clothing, construction, packaging, home furnishing, agriculture,
and others.
Company Profiles
Archroma India Pvt. Ltd,
Croda Chemicals (India) Private Limited, Huntsman International, India Private
Limited, Rossari Biotech Ltd., CHT India Pvt. Ltd., Kiri Industries, Bodal Chemicals
Limited, Indofil Industries Limited, Fibro organic (India) Pvt. Ltd., and Jaysynth
Dyestuff (India) Limited are some of the key players of India textile chemicals
market.
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Attribute
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Details
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Base Year
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2023
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Historic Data
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2019 – 2022
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Estimated Year
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2024
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Forecast Period
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2025 – 2029
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Quantitative Units
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Revenue in USD Million, and CAGR for 2019-2022 and 2025-2029
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Report coverage
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Revenue forecast, Company shares,
competitive landscape, growth factors, and trends
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Segments covered
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Type
Process Type
Textile Type
Sales Channel
End Use
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Regional scope
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East, West, North, South
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Key companies profiled
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Archroma India Pvt. Ltd, Croda
Chemicals (India) Private Limited, Huntsman International, India Private
Limited, Rossari Biotech Ltd., CHT India Pvt. Ltd., Kiri Industries, Bodal
Chemicals Limited, Indofil Industries Limited, Fibro organic (India) Pvt.
Ltd., and Jaysynth Dyestuff (India) Limited
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Customization scope
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10% free report customization with purchase. Addition or alteration
to country, regional & segment scope.
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Pricing and purchase
options
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Avail customized purchase
options to meet your exact research needs.
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, India Textile Chemicals market has been
segmented into the following categories, in addition to the industry trends, which
have also been detailed below:
- India Textile
Chemicals Market, By Type:
- India Textile
Chemicals Market, By Process
Type:
- Pre-treatment
- Dyeing & Printing
- Finishing
- India Textile
Chemicals Market, By Textile
Type:
- Fabric
- Yarn
- Fiber
- Composites
- India Textile
Chemicals Market, By Sales
Channel:
- India Textile Chemicals Market, By End Use:
- Clothing
- Construction
- Packaging
- Home Furnishing
- Agriculture
- Others
- India Textile Chemicals Market, By Region:
Competitive landscape
Company Profiles: Detailed analysis of the major companies in India
Textile Chemicals market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company
Information
- Detailed analysis
and profiling of additional market players (up to five).
India Textile Chemicals Market is an
upcoming report to be released soon. If you wish an early delivery of this report
or want to confirm the date of release, please contact us at [email protected].