Growth in the textile industry to boost Dyestuff Market in India, finds Netscribes
Netscribes (India) Pvt. Ltd. launches a report on the Dyestuff Market in India 2011 as part of Netscribes' Manufacturing Industry Report Series.
- (1888PressRelease) November 30, 2011 - Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company, announces the launch of its report Dyestuff Market in India 2011. Chemical industry in India is amongst the largest globally and ranks 6th worldwide and 3rd across Asia. Closure of a number of manufacturing units in the developed nations due to stringent environmental regulations has led to further growth of the dyestuff industry in India. Textile constitutes the major proportion of demand for dyestuff; however, requirements from other manufacturing sectors such as paints, paper and leather has given the market further impetus.
The report begins with an overview of the chemical industry in India providing the market size and growth as well as the production volume in the sector. This is followed by a primary segmentation of the industry. An overview of dyestuff industry provides an introduction to the sector and covers the market size and growth along with production volume of dyestuff units in India. This is followed by a brief on the major segments in the dyestuff market as well as an analysis of the value chain. Information regarding chief raw materials used for the products as well as classification of dyes is also given. The section also renders information about the distribution model prevalent in the sector along with an EXIM trend over a period of five years. Porter's Five Forces analysis concludes this section.
An analysis of the drivers explains the factors for growth of the market and includes demand from textile sector, growth in associated manufacturing sectors, low per capita consumption of dyestuff and low operating costs. Textile industry requires dyestuff as its colorants and is considered to form the chief demand puller for dyestuff. Certain varieties of dyes are banned in western countries and a strict legal system which forces units to comply with various laws and regulations has resulted in closure of such manufacturing units. Such players have now focused on Asian countries since they have certain advantages with regards to raw material availability as well as less stringent environmental regulations. India has surfaced as a textile major along with growth in related sectors such as paints, paper and leather. This has provided major growth impetus to this sector. Further, low per capita consumption of dyestuff in India is laden with latent opportunity for development. Finally, increase in exports due to cheap price of Indian products owing to low operating cost also indicates that growth opportunity is only on an upward swing. However, the sector is also facing certain challenges. Factors such as rise in crude oil prices and stringent environmental concerns pose as impediments for this sector.
The major trends indentified in the market include new applications of dyestuff, shifting of manufacturing units to Asia and movement towards reactive and disperse dyes. Government participation in this sector covers setting up Dyestuff Manufacturers' Association of India, policy resolution for promotion of PCPIR and certain schemes of the Government.
The competition section offers a competitive landscape of the players, both domestic and foreign, in the market which contains a snapshot of their corporate information and business highlights. Strategic recommendations for this market have also been provided.
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