According to MarkNtel Advisors’ research report titled “India Textile Chemicals Market Analysis, 2020" the Textile Chemicals market is projected to register a CAGR of around 11% during 2020-25. The home textile segment captured a significant market share in the India textile chemicals market in 2019. The increased construction activities in the residential and commercial sectors can further escalate the requirement for home textiles such as home and floor furnishing products, thereby boosting the demand for textile chemicals in the years to come. However, the technical textile sector is anticipated to rapidly grow in the forthcoming period. Technical textiles are used primarily due to their superior physical and functional properties and are customized as per the requirements of the end-users. Textile chemicals, especially auxiliaries, are crucial for technical textiles as they provide the required specific properties to the fabric such as it enhanced desire color during the manufacturing. Due to the advent of a large number of industries, growing awareness about technical textiles, along with sufficient availability of raw materials, the market growth for technical textile is anticipated to boost in the forthcoming period.
Colorants and auxiliaries accounted for the highest market share in the India Textile Chemicals market in 2019. The growing demand for technical textile is anticipated to drive the market for auxiliary textile chemicals. Technical textiles generally require high performance chemicals to function efficiently, thereby boosting the demand for auxiliaries. Moreover, automotive industry is a major end user which helps in driving the market growth of the technical textiles market. Therefore, the increasing production of vehicles in the automotive sector are anticipated to boost the demand for textile auxiliaries in the years to come.
According to MarkNtel Advisors, the key players capturing a considerable market share in the India Textile Chemicals market include Archroma, Croda, Huntsman, Rossari, CHT, Kiri Industries, Bodal Chemicals, etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on India Textile Chemicals Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of quantity sold (Thousand Tons).
Q. What would be the growth rate or CAGR of India Textile Chemicals Market during 2020-25?
A. The growth rate of India Textile Chemicals Market during 2020-25 is forecast to be around 11%.
Q. Who are the key competitors or players operating in India Textile Chemicals Market?
A. Archroma, Croda, Huntsman, Rossari, CHT, Kiri Industries, Bodal Chemicals are few of the leading players in the India Textile Chemicals Market.
Q. Does the report scope cover India Textile Chemicals Market type wise market statistics also?
A. Yes, the scope of the report encompass detailed India Textile Chemicals type and region wise statistics such as market size, market segmentation based on various subcategories.
Q. Which segment would emerge as an opportunity area for players in India Textile Chemicals Market?
A. The Home textile segment will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of India Textile Chemicals Market.
Q. Which type would emerge as an opportunity area for players in India Textile Chemicals Market?
A. The Colorants and auxiliaries will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of India Textile Chemicals Market.
