Published on July 28, 2014

Market Source said that all the industry players are very positive for the innovation and growth of the industry as the industries such as textile and automobile which are the leading consumers of dyes are expected to gain the momentum in their growth. In recent budget 2014-15 finance minister has introduces the promotion of handloom products and setting up the 6 textile mega cluster, which will enhance the demand for dyes sector in near term.
Textile dyes, considered as one of the oldest chemical businesses, has crossed a long way to emerge as a specialty chemical business said by the industry analysts. Industry sources said that the global textile chemicals and dyes market currently faces a volatile business environment.

Higher raw material cost and low production has resulted in volatility in the dyestuff sector. As per the import policy of India, import of textiles articles and textiles is permitted subject to the condition that they do not contain any of the harmful dyes (azo dyes) whose handling, carriage, or production, use is prohibited in India under the provisions of the Environment Protection Act, 1986.

Recently a research report said that surging demand for pigments in key end-use markets such as paints and coatings, paper, printing inks, and plastics, among others represent the primary driver for the strong evolution of the market over the past few years. Rapid industrialization and elimination of quotas on textile industry is flourishing dyes sector. Market players said that this week this sector is running with a balanced pace owing to seasonal break.