India Azo Dyes Market to Cross 7.5 Thousand Metric Tons by 2025
Growing
pulp & paper industry and increasing
demand from ink & paints industry to drive azo dyes market in India
According to a recently released TechSci Research report, “India
Azo Dyes Market Study, 2011 – 2025”, the
market of azo dyes in India is
anticipated to reach 7.5 Thousand Metric Tons by 2025. Azo dye is tailored for
utilization as the most basic raw material and a key ingredient in dyestuff
sector with potential applications in paper, plastics, printing ink, foodstuffs,
etc. In addition, increasing disposable income coupled with growing infrastructure-based
developments in the country are opening new market opportunities for India’s dye
industry, thereby driving the country’s azo dyes market.
Growing pulp & paper application dominated the country’s azo dyes market in 2015, and
the segment is expected to maintain its dominance through 2025. India’s apparel industry stood at USD58 billion in 2011, and is projected to
reach USD221 billion by 2021, exhibiting a CAGR of 14.31% during 2011 - 2021. Thus,
flourishing paper & pulp industry of the country is anticipated to drive India azo
dyes market through 2025.
“Region-wise, west region is the largest demand generating region of azo
dyes in India, owing to easy availability of raw materials and booming paper & pulp industry. Maharashtra and Gujarat account for 90% of India’s dyestuff
production, and numerous paper & pulp manufacturing units are in this region.” said Mr. Karan Chechi, Research Director, with TechSci
Research, a research based global management consulting firm.
“India
Azo Dyes Market Study, 2011 – 2025” has evaluated the future
growth potential of India azo
dyes market and provides statistics and 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 evaluation.
Besides, the report also identifies and analyses the emerging trends along with
essential drivers, challenges and opportunities in India azo dyes market.
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