India Dyes Market is Expected to Reach around INR 48,000 Crore by the Year Ending 2022: Ken Research

India Dyes Market by Market Structure (Unorganized and Organized Market), by Product Type (Reactive Dyes, Disperse Dyes, Direct Dyes, Acid Dyes, VAT Dyes and Others), by Application (Textiles, Leather, Paper, Printing Inks and Others), by Export and Domestic Sales; Company Profile of Major Players (Bodal Chemicals, Clariant Chemicals, Atul Chemicals, Aksharchem Ltd, Kiri Industries, Colourtex Industries and Jay Chemicals)

• The dye and dye intermediaries market in India is expected to achieve a target of more than INR 40,000 crore by the end of this decade (2020).
• The US and European chemical manufacturers are witnessed to shift their manufacturing and production bases to low-cost countries including India thus boosting the domestic manufacturing.
• Growing infrastructural development coupled with rapid industrialization is further anticipated to drive the demand for dyes used during construction activities in India.

India dyes market is poised to grow on account of end-user demand including textiles, leather, printing inks, paper, plastics, foods and beverages, construction, automotives and others. Leading chemical companies in India have started to invest towards expanding their operational capacity in order to meet the ever-growing domestic as well as export demand for dyes. They have started to fit in the use of natural substances such as organic azo dyes owing to its friendly nature towards environment, thus assuring safe usage. Along with increasing competition between MNC’s and domestic firms in India, the dyes market is further expected to witness more strategic alliances and joint ventures/acquisitions in near future.
Trending consumer choices along with ever-changing fashion industry in India are further expected to drive the sales of reactive and disperse dyes towards the country’s textile industry.

Analysts at Ken Research in their latest publication “India Dyes Market Outlook to 2022 – By Market Structure (Organized and Unorganized Market), By Product Type (Reactive, Disperse, Direct, Acid, VAT and Others), By Applications (Textiles, Leather, Printing Inks, Paper and Others) and By Export and Domestic Sales” believe that reducing dependency on textiles, investing towards reducing adverse environmental effect, opting for backward integration model to expand business operations, expansion through mergers and acquisitions, extending product / business portfolio and focusing towards eco-friendly dyes will create a positive impact on the market. India dyes market is expected to register a positive CAGR of more than 7% during the forecast period 2017-2022E. The market is further expected to be driven by shutdown of chemical manufacturers in China, thereby affecting the dyes production on a larger scale. As a result, it has boosted the demand for Indian products across the globe and will continue to do the same over long term.

For More Information, Refer to the Link below
https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/india-dyes-market/149540-101.html

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