India Textile Chemicals Market Research Report: Forecast (2023-2028)

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India Textile Chemicals Market
2023-2028
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Market Insights
The India Textile Chemicals Market is projected
to grow at a CAGR of around 11 during the
forecast period, i.e., 2023-28. A robust domestic
consumption and export growth coupled with an
increase in import substitution drive the market
across various end-user industries. From June
2017 to May 2018, the textile industry received
nearly 4 billion in investments, according to
the India Brand Equity Foundation with continuous
partnerships, investments, and mergers, key
players like Archroma, Croda, Huntsman, Rossari,
and others are expanding their portfolios to
cater to the emerging needs of the textile
market. Besides, through internal investments in
RD, manufacturing and service capabilities, and
innovative chemicals, these companies are all set
to put a strong foothold in the Indian market.
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Market Driver
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.
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Market Segmentation
By Type Colorants Auxiliaries, Coating
Sizing Agents, Finishing Agents, Surfactants,
Desizing Agents, Others
By Application Apparels, Home Textile, Technical
Textile
By Fiber Natural Fiber, Synthetic Fiber
By Region North, South, West, East, Central
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