The Indian textile chemicals market is estimated to grow at a substantial CAGR of 5.1% during the forecast period. India is a growing economy and holds great potential for future market opportunities. The country witnessed a decline in its GDP to 5% in the quarter ending June 2019 (its lowest in five years) from 7.1% in 2018. The stagnation caused in the industrial output, greenfield investment, and flattened demand have led to a decline in the growth rate in the country. However, the outbreak of COVID-19 has further affected the economy at present. The textile industry in India is one of the most vital sectors of the economy, contributing over 2% to the country’s GDP. India is the world’s second-largest manufacturer and exporter of textile and apparel after China. India’s textile sector is one of the oldest industries in the Indian economy, dating back to several centuries. The Indian textile industry is estimated to register a CAGR of nearly 8.0% during the forecast period. The government of India has announced to invest of over $100 million in setting up 21 ready-made garment manufacturing units for the development and modernization of the Indian textile sector.

Free Sample Copy @ https://www.omrglobal.com/request-sample/indian-textile-chemicals-market

The Indian textile chemicals market is segmented based on type, application, and raw material. Based on type, the market is classified into colorants & auxiliaries, coating & sizing chemicals, surfactants, desizing agents, finishing agents, and others. Based on application, the market is segmented into apparel, automotive textile, home furnishing, industrial textile, and others. Based on raw material, the market is fragmented into synthetic, cotton, wool & cashmere, silk, rayon/viscose, others.

Lastly, textile in India has always been one of the most lucrative businesses for manufacturers, distributors, and all the players involved in the life chain of textiles. A huge number of different size players reside in the country. Owing to this numerous textile chemical players have also emerged in the market. Some of the major ones include Archroma, Rossari Biotech Ltd., Sarex Chemical Ltd., Tata Chemicals Ltd., Fineotex Chemical Ltd., JAY Chemical Industries Pvt. Ltd., K-TECH India Pvt. Ltd., among more.

A Full Report of Indian Textile Chemicals Market is Available at:
https://www.omrglobal.com/industry-reports/indian-textile-chemicals-market

The market study of the Indian textile chemicals market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring more authenticity to the reports.

Indian Textile Chemicals Market – Segmentation
by Type
Colorants &Auxiliaries
Coating &Sizing Chemicals
Desizing Agents
Finishing Agents
Others
by Application
Apparel
Automotive Textile
Home Furnishing
Industrial Textile
Others
by Raw Material
Synthetic (Polyester, Nylon)
Cotton
Wool & Cashmere
Silk
Rayon/Viscose
Other

Company Profiles
Archroma
Bodal Chemicals Ltd.
Fineotex Chemical Ltd.
Himson Chemical Industries Pvt. Ltd
Huntsman International LLC
JAY Chemical Industries Pvt. Ltd.
K-TECH India Pvt. Ltd
Kiri Industries Ltd.
L. N. Chemical Industries
Rossari Biotech Ltd.
Sarex Chemical Ltd.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/indian-textile-chemicals-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected] 
Contact no: +91 780-304-0404