Key takeaways from the research report titled, India Dyes Market Outlook to 2022
Indian dyestuffs industry meets more than 95% of the domestic demand requirements. The industry has experienced high growth in terms of market revenues majorly due to high sales volume of reactive and disperses dyes in the country.
The report titled “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” by Ken Research suggested a growth at a noteworthy five year CAGR of more than 7% in terms of revenue in India dyes market till the year ending 2022.
The dye industry’s end users are showcasing more concern towards the organic products and the environment as their customers have started demanding natural substances including organic dyes free from hazardous chemicals over the inorganic product type. Additionally, strict regulations posed by the Indian government have forced many dye and dye intermediate manufacturers in the country to opt for organic compounds, especially towards the textile applications. Dyes are often used to impart colors in various types of textile fibers such as cotton, polyester and others. Cellulose fibers are dyed using reactive dyes, direct dyes, napthol dyes and indigo dyes; protein fibers are dyed using acid dyes and lanaset dyes; and synthetic fibers are dyed using disperse dyes, basic dyes and direct dyes.
Large and organized players are poised to take lead in the Indian dye industry on account of technology, product innovation and brand building. The per capita consumption of dyestuff in India was evaluated at 50 gm compared to the world average of 300 gm (in 2017), therefore demonstrating a large portion of the untapped domestic segment. The textile industry utilizes various chemicals and large quantities of water during the dyeing process (for instance, 200 liters of water is used to produce 1 Kg of textiles), which also leads to the production of waste water that contains heavy toxic metals such as chromium, copper, arsenic and zinc that are capable of harming environment as well as human health. As a result, dye manufacturers in India have started to focus on establishing an effluent water discharge system for waste water treatment, in order to comply with the country’s environmental regulations and norms. Additionally, the manufacturers were witnessed to invest towards their R&D segment for developing organic product solutions with lesser chemical substances to cater the demand for several end-user applications.
Key Topics Covered in the Report
Global Dyes Market
Dyes Imports to India
Dyes Manufacturers in India
Indian Reactive Dyes Market
Reactive Dyes and Disperse Dyes
India Dyes Industry
Dyes Market in India
Dyestuff Production in India
Production Capacity Dyestuff
Dyes Production India
Dyes Exports from India
India Direct Dyes Industry
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Ankur Gupta, Head Marketing & Communications