Chemical Research Report Dyestuff for Cotton Market | Page 2

Dyes are aromatic and ionizing compounds, which has large affinity towards the substrate applied to. These are of two types namely natural and synthetic dyes. Synthetic dyes use various color modifiers such as methyl and ethyl group in order to alter the color of the dyes, which finds wide applications in various end-use industries such as textile (non-woven), healthcare and personal care. The growing textile industry in Asia Pacific, in turn is expected to boost growth of the dyestuff for cotton market during 2017-2025. China and India are the major manufacturers and exporters of textiles across the world.

The Indian textile industry comprises small scale, weaving, finishing, non-integrated spinning and apparel enterprises. Favorable government policies such as tax policy, regulations and labor intensive enterprises coupled with employment opportunity to the ever growing populations is propelling growth of the textile industry. This is expected to boost the market for dyestuff for cotton, as this industry uses large volumes of dyestuff for providing texture to the finished product. For instance, according to India Brand Equity Foundation (IBEF)—a trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—the Indian textiles industry, in 2016, at around US$ 108 billion, and is projected to reach US$ 223 billion by 2021.