Press release
India Textile Chemicals Market Analysis: Projected 11% CAGR by 2028, Exploring Size, Share, and Future Growth
The report indicates that the India Textile Chemicals Market is anticipated to experience a CAGR of approximately 11% during the period of 2023-2028. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.
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Market Dynamics
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.
Recent Developments
• 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.
Segmenting Success: Unveiling Opportunities in the India Textile Chemicals Market 2023-2028
The India Textile Chemicals Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:
Based on Type
Coating & Sizing Agents
Colorants & Auxiliaries
Finishing Agents
Surfactants
Desizing Agents
Others
Based on Application
- Apparel
- Home Textile
- Technical Textile
Based on Fiber
- Natural Fiber
- Synthetic Fiber
Geographically, the India Textile Chemicals Market expands across the following:
- North
- South
- East
- West
- Central
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Unveiling the Competitive Landscape: Insights into Key Players in the India Textile Chemicals Market 2023-2028
The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry-the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the India Textile Chemicals Market, ultimately seeking substantial revenue generation over the forecasted years.
- Archroma India Pvt. Ltd.
- Croda
- Huntsman International
- Rossari Biotech Ltd.
- CHT India Pvt. Ltd.
- Kiri Industries
- Bodal Chemicals
- Indofil Industries
- Fibro Organic
- Jaysynth Dyestuff
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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