NEW YORK, June 24, 2016 /PRNewswire/ --
Textile chemicals are sub-category of specialty chemicals that are utilized in textile processing industry. Textile chemicals are used during different stages of textile processing which includes pretreatment, dyeing & printing and finishing. Textile chemicals impart the yarn or fabric with specific functions which improves and optimize the manufacturing process. A broad range of functional chemical products are utilized during textile processing such as, coating, sizing chemicals, colorants, finishing agents, surfactants, desizing agents, bleaching agents, yarn lubricants and other miscellaneous applications. On the basis of product type, they are majorly bifurcated into two major categories namely, auxiliaries and colorants. Textile chemicals find extensive applications in the apparels, home furnishing and technical textile.
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India Textile Chemicals Market: Drivers and Restraints
The main driver for India textile chemicals market is the strong growth in technical textile market of India. The ability of technical textiles to impart technical performance and functional properties rather than aesthetic value to the textile product is increasing their demand in India textile market. Strong growth in textile export of India is expected to boost the demand for textile chemicals in India. India majorly exports to Western markets like North America and Europe, these regions demand for supreme quality textile products which is augmenting the demand for textile chemicals market in India through 2021. However, there are certain factors which have the potential to refrain the growth in demand for textile chemicals in India. Lack of differentiation in textile chemicals produced by multinational companies &domestic manufacturers and high fragmentation in the industry which is lowering the bargaining power of the suppliers are the factors posing a challenge to growth in demand for textile chemicals in the market.
India Textile Chemical Market: Segmentation
India textile chemical market is segmented on the basis of product type, applications and region.
Based on material used for manufacturing, the India textile chemical market is segmented into the following:
Based on application, the India textile chemical market is segmented into the following:
India Textile Chemicals Market: Overview
India Textile Chemicals Market is anticipated to grow at a healthy pace during 2016-2021 on account of increasing demand for these chemicals in various applications such as home furnishing and apparel, technical textile.The rising advancements in the textile industry of India is due to changing lifestyle and increased spending capacity of Indian population which is subsequently, driving the textile chemicals market of India. Apparel is the largest application sector of textile chemicals and is expected to remain the largest demand generator for textile chemicals through 2021. The colorant product segment is expected to dominate the India textile chemical market through 2021 and is expected to exhibit faster growth in demand as compare to growth in demand for auxiliary textile chemicals.
India Textile Chemicals Market: Region-wise Outlook
West India is the leading region in India textile chemical market, followed by the South and North regions, respectively. North is the fastest growing region for the textile chemical market in the country due to dominant share of this region in textile production. The region generates large demand for cotton fabric which in turn is increasing the demand for textile chemicals. Increasing number of spinning units and manmade fiber manufacturing units are the major contributor to the high growth in demand for textile chemicals by the North region.
India Textile Chemicals Market: Key Players
Key players in the India Textile chemicals Market include BASF India Ltd., Clariant Chemicals (India) Ltd., Huntsman International (India) Pvt Ltd, Jaysynth Group of Companies, Croda Chemicals (India) Pvt Ltd., and others
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"India Textile Chemicals Market Forecast & Opportunities, 2021" has analyzed the potential of the India textile chemicals market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
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