Archroma has Overhauled Huntsman and become leader in India Textile Chemicals Market

India: Archroma is a Switzerland based company, involved in manufacturing and distribution of dyes, pigments, emulsions and surface active chemicals. The company operates in three business segments which includes, Textile Solutions, Paper Solutions and Emulsion Products. Advanced Denim, Drimaren, Foron, Nanosphere, Colback, Nuva N, Nylosan are the key brands associated with textile business of Archroma. The textile business unit of Archroma caters to Apparel, Home Textile, Technical textiles, Carpets and Automotive industries across the globe.

Archroma was established in 2013, by carve out of textile, paper and emulsions businesses of Clariant to SK Capital  Partners, a US based private investment firm. In 2014, Archroma acquired 49% stakes in M. Dohmen SA, a Switzerland based company that specialize in the production of textile dyes and chemicals for the automotive, carpet and apparel sectors. In 2015, Archroma acquired global textile chemicals business of BASF, a Germany based chemical manufacturer.

TechSci depicts that post the acquisition of textile businesses of leading textile chemical manufactures, Archroma has secured a leading position in India textile chemicals market has become the largest producer and supplier of textile chemicals in the country. The acquisitions would complement and reinforce the existing textile dyes, chemicals portfolio and geographical presence of Archroma in India. Since textile is one of the fastest growing sub category of specialty chemicals market in India, Archroma is well positioned to capitalize on the expanding textile chemicals business in the country.

According to an upcoming report of TechSci Research, “India Textile Chemicals Market Forecast and Opportunities, 2011-2021”, the strong growth in domestic consumption of textile products in conjunction with rising expenditure on apparels and increasing garment sourcing from India by leading international brands such as United Colors of Benetton and Marks & Spencers are expected to aid the textile chemicals market in India through 2021.