According to MarkNtel Advisors study the India Textile Chemicals Market is projected to grow at a CAGR of around 11% during the forecast period, i.e., 2023-28.
Key Findings of the Study: India Textile Chemicals market
Key Driver: A Swift Surge in The Technical Textile Demand
With the comprehensive utility in automotive applications and healthcare setups, technical textiles in India have witnessed a sudden demand explosion. Other than these, their role as geotextiles, agro textiles, and protective clothing has also intensified the competition among Indian manufacturers. The surge in demand is primarily due to their superior physical and functional properties. Textile chemicals, especially auxiliaries, are crucial for technical textiles as they provide the required specific properties to the fabric, such as enhanced desired color during manufacturing. Further, the ever-increasing demand for supreme quality textile products presented by Western markets like North America and Europe enables India to fold its export in the coming years.
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Scope of the Report and India Textile Chemicals Market Segmentation:
By Type
- Coating & Sizing Agents
- Colorants & Auxiliaries
- Finishing Agents
- Surfactants
- Desizing Agents
- Others
Here, Colorants and Auxiliaries accounted for the highest share of the India Textile Chemicals market in the historical period.
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By Application
- Apparel
- Home Textile
- Technical Textile
By Fiber
- Natural Fiber
- Synthetic Fiber
India Textile Chemicals Market Competitive Landscape
- Archroma India Pvt. Ltd.
- Croda
- Huntsman International
- Rossari Biotech Ltd.
- CHT India Pvt. Ltd.
- Kiri Industries
- Bodal Chemicals
- Indofil Industries
- Fibro Organic
- Jaysynth Dyestuff
India Textile Chemicals Market Development:
- In August 2022, Archroma, a global leader in sustainable specialty chemicals and solutions, announced its acquisition plan to acquire the Textile Effects business from Huntsman Corporation.
- The Technology Upgradation Fund Scheme[TUFS] and the Scheme for Integrated Textile Parks (SITP) both involve sizable expenditures. The government included approximately US$ 97 million for the Amended Technology Upgradation Fund Scheme (ATUFS), in the Union Budget 2019–20.
Geographical Analysis:
By Region
- North
- South
- East
- West
- Central
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