According to TechSci Research report, “India Textile Auxiliaries Market– By Region, Competition, Forecast and Opportunities, 2019-2029”, the India Textile Auxiliaries Market stood at USD588.24 million in 2023 and is anticipated to grow with a CAGR of 3.68% in the forecast period, 2024-2029. Initiatives taken by government based on textile auxiliaries has led to favorable market conditions for the India Textile Auxiliaries Market. Several factors contribute to the growth of various textile auxiliaries products.
The Apparel Industry Sustainability Action (AISA) was launched with the aim of boosting the sustainability of India’s apparel and textile sector. This holistic initiative encompasses various measures and strategies that address environmental, social, and economic aspects of the industry. By promoting the use of eco-friendly textile auxiliaries, AISA seeks to align the production processes with the broader sustainability goals of the industry, ensuring a greener and more responsible approach that benefits both the environment and society as a whole.
Public Sector Undertakings (PSUs), established by the government, play a vital role in managing the affairs of the textile industry in India. These government-owned enterprises are responsible for the production, distribution, and maintenance of various textile products. As part of their operations, PSUs often require a wide range of textile auxiliaries to enhance the quality, durability, and performance of their textile products. This consistent demand for textile auxiliaries from PSUs serves as a catalyst for the growth of the textile auxiliaries market, fostering innovation and driving the development of new and improved auxiliaries to meet the specific needs of the industry.
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Research and development (R&D) plays a crucial and indispensable role in driving the growth and advancement of the textile auxiliaries market. As textile manufacturers strive to meet the ever-evolving and diverse needs of various industries, the demand for innovative textile auxiliaries has witnessed a significant surge. These auxiliaries, meticulously developed through extensive research and experimentation, serve to enhance multiple aspects of textiles. They not only improve color fastness, durability, and texture but also contribute to making textiles more visually appealing, functionally superior, and environmentally sustainable. The continuous pursuit of R&D in the field of textile auxiliaries ensures that the industry remains at the forefront of innovation, delivering cutting-edge solutions that elevate the overall quality and performance of textiles in the global market.
The India Textile Auxiliaries Market is segmented into product, application, regional distribution, and company.
Based on its product, the dyeing & printing agents segment held the largest market share in the forecast period. Over the years, technological advancements have significantly contributed to the widespread use of dyeing and printing agents in various industries. One such example is the emergence of modern techniques like digital printing, which has revolutionized the textile industry. These advanced methods require specialized dyes and pigments to achieve vibrant and high-quality prints, leading to an increased demand for these materials in the market.
Moreover, continuous innovations in dyeing and printing technologies have brought about remarkable improvements in the efficiency and effectiveness of these agents. Textile manufacturers now have access to more precise and efficient methods of dyeing and printing, resulting in enhanced color vibrancy, durability, and overall product quality.
With the combination of cutting-edge technology and advancements in dyeing and printing techniques, textile manufacturers can now offer a wide range of products with intricate designs and vibrant colors. This has not only expanded the creative possibilities but has also opened up new opportunities for businesses in the textile industry to meet the ever-evolving demands of consumers.
Based on region, West India segment is expected to grow during the forecast period.
The Indian government has implemented several comprehensive policies and initiatives to provide extensive support to the textile industry, with a particular focus on the West India region. These policies, such as the Technology Upgradation Fund Scheme (TUFS) and Integrated Textile Parks (SITP), have been instrumental in fostering growth and development in the textile and textile auxiliaries market. Through these schemes, the government has encouraged investments, promoted innovation, and facilitated the adoption of advanced technologies, leading to a significant boost in the overall competitiveness and productivity of the industry. As a result, the textile sector in West India has witnessed remarkable progress, attracting both domestic and international players and contributing significantly to the region’s economic growth and employment opportunities.
Major companies operating in India Textile Auxiliaries Market are:
- Archroma India Pvt. Ltd.
- Huntsman International (India) Pvt. Ltd.
- Rossari Biotech Limited
- Croda India Company Pvt. Ltd.
- Sarex Chemicals Limited
- Indofil Industries Limited
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“Growing application of textile auxiliaries in various end user industries are key drivers of the textile auxiliaries market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of textile auxiliaries with every passing year are anticipated to register an impressive growth to India Textile Auxiliaries Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“India Textile Auxiliaries Market By Product (Dyeing & Printing Agents, Pretreatment Agents, and Finishing Agents), By Application (Technical Textiles, Home Furnishings, Apparel, and Industrial Textiles), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated the future growth potential of India Textile Auxiliaries Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Textile Auxiliaries Market.
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