Published on December 16, 2014
Market players said that recently demand for dyestuff industry is showing rapid intensification owing to brisk economic growth.Major dyes players are working for the ground-breaking product development to beat the competition in market. In order to capture market share and resorted to consolidations, they are working on, revitalize assets, expand sales network, and augment technology.To beat the competition manufacturers are looking for the mergers and acquisitions to expand their product offerings, and gain entrance into niche applications.
Textile fibers market for coloring applications is expected to drive the global disperse dyes market in the near term.The global market for pigments and dyes is forecast to reach 9.0 million tons and USD24.2 billion by the year 2015. The global pigments and dyes industry is describe by a series of consolidations in recent years.
In recent time Metallic pigments are expected to register a strong wave of growth owing to the rise in popularity of colored varieties. Currently the rise in demand of high quality pigments from end user industry is escalating the market growth of dyes industry.
Recent research report said that new, high quality, high performance and innovative pigments offers potential opportunities to dyes manufacturers in Indian market.Easily available raw material sources, abundance of skilled workforce, efficient technical and top management executives, and low production expenses have enhanced India's global brand positioning on the long-term basis.
