The Indian textile chemicals market is expected to exhibit a rapid CAGR of 5.1% during the forecast period (2020-2026). The Indian textile industry has witnessed positive growth, not only in India but also in the international market. It is one of the leading apparel-exporting countries, supplying to a large market in Europe, including Germany, Spain, France, and the UK, making it a hot prospect for textile chemicals during the forecast period.
The present outbreak of COVID-19 in the country has boosted the manufacturing of masks, and PPE kits, which has, in turn, enhanced the usage of textile chemicals. In May 2020, the Indian government announced that the country has a capacity to manufacture 200,000 PPE kits and N95 masks daily and millions of 3-ply masks per day.
Browse the full report description of "Indian Textile Chemicals Market Size, Share & Trends Analysis Report by Type (Colorants & Auxiliaries, Coating & Sizing Chemicals, Surfactants, Desizing Agents, Finishing Agents, and Others) and by Application (Apparels, Automotive Textile, Home Furnishing, Industrial Textile, and Others), By Raw Material (Synthetic, Cotton, Wool & Cashmere, Silk, Rayon/Viscose, Other), and Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/indian-textile-chemicals-market
While such trends have been prominent in the country, the recent COVID-19 outbreak has interrupted industrial production and all other economic activities. As the number of coronavirus cases has been continuously increasing in the country, lockdowns are still being practiced, affecting the textile coatings market as well. IMF has predicted the GDP growth of the country to fall to about 1.9% or less, from about 5% in FY2019, during the FY2020, due to the impact of COVID-19.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected segment
India Textile Chemicals Market Report Segment
By Type
By Application
By Raw Material
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