Showing posts with label Dye End-User Applications in India. Show all posts
Showing posts with label Dye End-User Applications in India. Show all posts

Monday, June 4, 2018

India Dyes Market Research Report to 2022: Ken Research

Research Methodology - Market Definitions
Global Dyes Market - It has been defined as the revenues generated by companies manufacturing dye such as reactive dyes, disperse dyes, vat dyes, direct dyes and others globally. It also includes revenues generated by organised and unorganised market players. Additionally, the market includes product sales through various distribution channels including B2B and distributor sales. It includes regions such as Americas, Europe, Asia Pacific and ROW. Prices have been calculated at manufacturer level.
India Dyes Market - It has been defined as the revenues generated by companies manufacturing dye intermediaries and dyes such as reactive dyes, disperse dyes, vat dyes, direct dyes and others in India. Domestic sales and export sales have been considered while calculating the revenues of the market. It also includes revenues generated by the organised and unorganised market players. Additionally, the market includes product sales through various distribution channels including B2B and distributor sales. Prices have been calculated at manufacturer level.
India Dyes Intermediaries Market - It has been defined as the revenues generated by companies manufacturing dye intermediaries such as H-Acid, Vinyl Sulphone and others in India. Domestic sales and export sales have been considered while calculating the revenues of the market. It also includes revenues generated by the organised and unorganised market players. Additionally, the market includes product sales through various distribution channels including B2B and distributor sales. Prices have been calculated at manufacturer level.
Organised Sector/Market - The organised sector refers to those enterprises who are either listed in stock exchange or have global presence (subsidiaries outside India). These enterprises are more export oriented and have higher production capacity, better technology and a wide product portfolio.
Unorganised Sector/Market - The unorganised sector refers to those enterprises who are focusing their sales operations inside domestic boundaries and cater to end user segments located here in India.
Market Sizing and Limitations
Market Sizing:
Initially, we have compiled a list of prominent companies in dye industry and have approached the management of these companies including business development manager, sales and marketing head, procurement managers and others to understand the revenues, capacity, and their growth, concentration by geography and industry verticals. Our team then collated the data shared by these companies on primary research and those available on secondary sources such as annual reports and press releases. The team then extrapolated the available information to estimate the missing data points. The information was re-checked with the data available in secondary sources and proprietary databases. We have conducted multiple CATIs with industry experts and management of leading dye manufacturers to understand their revenues, product portfolio, market segmentation and other market parameters. This helped us in estimating revenue generated in dyes industry in India.
Limitations:
Since the competition between the manufacturers operating in this space is high, there might be a case that the management of the dye manufacturers might be bullish with the numbers and may over-estimate their numbers and under-estimate their competitor data points. To avoid this limitation, our team has validated the numbers provided by one manufacturer from another and this exercise has been done on vice versa as well. We have accordingly applied a discounting factor to normalize the over-estimated data point received from the respondents.
As there is large number of manufacturers in the unorganised market, we were not able to collate data extensively on the sector and several assumptions for this market segment is based on the inputs of the interviews conducted with leading organized players working in the industry We have considered strata sample to understand the pricing structure for different kinds of dye products in India. However, it can happen that some of the manufacturers might be charging higher or lower than the average price considered by us due to difference in technology, production cost, quality or end user served.Future Growth model has been built on the basis of future developments and opinions received from key industry veterans of the market followed by SPSS and subjective analysis with margin of error of not more than 5-10% .
Dye Product Understanding
Azo Dyes: They are insoluble and typically toxic. These dyes are used in printing inks.
Acid Direct Dyes: Dyeing with acid direct dyes is normally carried out in a neutral or slightly alkaline dye bath, at or near boiling point, with the addition of either sodium chloride (NaCl) or sodium sulphate (Na2SO4) or sodium carbonate (Na2 CO3). Direct dyes are used on cotton, paper, leather, wool, silk and nylon.
Disperse Dyes: These are water-soluble dyes. The dye bath may require high temperature. These are typically used to dye synthetic fibres like polyester.
Ingrain Dyes: Ingrain dyes are those which are synthesized directly on the fabric. Ingrain dyeing is particularly suitable for cotton fabric.
Solvent Dyes: These are dyes soluble in organic solvents. Solvent dyes are used to colour organic solvents, hydrocarbon fuels, waxes, lubricants, plastics and other hydrocarbon-based nonpolar materials.
Reactive Dyes: These dyes utilize a chromophore capable of reacting directly with the substrate. They are among the most permanent of dyes. Reactive dyes are used in dyeing cotton and other cellulose fibers.
Sulphur Dyes: These are two-part dyes used on cottons to impart dark colors. The initial bath imparts a yellow color. This is then treated with a sulphur compound to produce a dark black color.
Cold Dyes: These types of dyes contain reactive group of high reactivity. So dyeing can be done in lower temperature i.e. 320-600C. These are highly colored organic substances, primarily used for tinting textiles that attach themselves to their substrates by a chemical reaction that forms a covalent bond between the molecule of dye and that of the fibre. The dyestuff thus becomes a part of the fibre and is much less likely to be removed by washing than are dyestuffs that adhere by adsorption.
Medium Brand Dyes: This type of dyes contains reactive groups of moderate reactivity. So dyeing is done in higher temperature than that of cold brand dyes i.e. in between 600-710C temperatures.
Hot Brand Dyes: This type of dye contains reactive groups of least reactivity. So high temperature is required for dyeing i.e. 720-930 C temperature is required for dyeing.
Reactive P Dyes: Reactive Dyes that is basically used in various printing procedures. Printing colors like black, blue, red, orange and yellow, as per the requirements of the clients. ""P"" series dyes are suitable for printing fabrics.
Anthraquinone Dyes: It is a polycyclic aromatic hydrocarbon derived from anthracene or phthalic anhydride. Anthraquinone dyes is used in the textile and pulp industries. Anthraquinone dyes are lightfast and wash fast.
Azo dyes: These are organic compounds bearing the functional group R−N=N−R′, in which R and R′ are usually aryl. They are a commercially important family of azo compounds, i.e. compounds containing the linkage C-N=N-C. Azo dyes are widely used to treat textiles, leather articles and some foods.
Variables (Dependent and Independent)
Forecast Modeling:
The report applies correlation and regression analysis methods to forecast the future of dyes market in India. The capabilities of SPSS and predictive analytics software have been leveraged to determine the relevant indicators used for forecasting the growth in this industry.
In the present case, India dyes market revenue has been taken as the dependent variable and other variables such as volume derived from textile industry, plastic packaging and printing inks have been taken as independent variables.
Multi Factor Regression Analysis for Future Forecasting:
SPSS for Linear Regression: Our team conducted a multi-factor regression analysis on the lag variables i.e. on the historical dyes market revenues for last 6 years by identifying the independent and quantifiable variables directly impacting the market.
Noise Filtering: The forecasting will be done by using SPSS statistical tools. The variables have been checked for multi-collinearity (via Karl Pearson correlation coefficient model) and other bias that could be there in the model.
Sanity Check for Non Linear Relationship: Our team has conducted graphical and other analysis with each of the independent variables considered to check if any non linear relationship exists between the variables.
India Dyes Market Overview and Size
Dyes market within India was observed to increase at a six year CAGR of ~% in the review period 2012-2017 majorly due to environmental crackdowns in China that led to a shutdown of several domestic dye companies. This drove increased domestic sales by Indian dyes manufacturers.
The India dye industry is highly fragmented and largely unorganized with the presence of more than ~ small and medium sized enterprises. On the other hand there are ~ large sized organized players who are manufacturing more than ~ different dyes range.
India Reactive Dyes Market Segmentation by Reactive Dye type
India is largest manufacturer and exporter of reactive dyes, which are a class of highly colored organic substances and are primarily used in tinting textiles. They are further classified into mild exhaust reactive dyes, highly exhaust reactive dyes, cold dyes and other printing dyes.
The mild exhaust reactive dyes dominated with a revenue share of ~% in 2017 and can be generally applied to cellulosic textiles. Additionally, mild exhaust dyes are economical compared to other reactive dyes types. Their simplicity and reliability in application coupled with a wide range of shades with high fastness properties has been driving the demand for ME dyes in India.
The highly exhaust and cold reactive dyes followed with a revenue share of ~% and ~% respectively in 2017. The cold series dyes are generally used towards room temperature dyeing, the remaining ~% revenue share was captured by other reactive P dyes, which are utilized towards printing dye applications.
India Dyes Market Segmentation by Product Type
The reactive dyes segment dominated India dye market owing to its wide usage in the country’s textile industry. Gujarat region was observed with the presence of major reactive dye players such as Kiri Dyes & Chemicals Meghmani Organics and Bodal Chemicals.
Along with the change in the product profile of the textile industry from the high cost cotton textiles to the highly durable and versatile synthetic fibres, the consumption pattern of dyes has been shifting from reactive to vat dyes.
India Dyes Market Future Outlook on the Basis of Revenue and Production Volume, 2017-2022E
The growth of dyestuff sector in the future will be highly dependent upon the performance of end-user applications such as textiles, printing inks, paper, plastics, foodstuff and others.
Expansion of infrastructure in India has created new opportunities for India dyestuff manufacturers in the country’s construction sector. The industry is forecasted to witness new dyeing technologies coming into the market with the help of good technical expertise and R&D.
The dye and dye intermediaries industry in India expects to achieve a target of exporting dyestuff worth INR ~ crore by the end of 2020. Exports of dyes to Latin American and African Countries have also started picking up and are further expected to rise in near future. Close coordination with the government of India, financial and technical institutions will promote the export growth.
Leading chemical companies in India have started to invest in order to expand their operational capacity to meet the ever growing dye exports demand in India. Additionally, the country is also attracting foreign players from international circuit to invest in India, thus providing them with an opportunity to become world’s top producers of dye
India Dyes Market Future Projections by Market Structure, 2017-2022E
The dyestuff industry within India is expected to be dominated by the organized sector in the near future as large scale dye manufacturers are gearing up for global competitiveness leveraging technology, product innovation and brand building. Additionally, availability of skilled professionals and low cost of manufacturing coupled with R&D capabilities are further anticipated to boost the country’s organized segment, thus leading to high production volumes for dyes in the upcoming years.
Increased focus laid upon environmental friendliness has resulted in shutting down of various small scale dye and dyestuff manufacturers in Gujarat and Maharashtra region, thus leading to lower market share in future. Moreover, the sector majorly caters to various end-user applications such as textiles, paper, construction and others.
Key Topics Covered in the Report
Dyes Market in India
Dyes Production India
India Dyes Industry
Dyes Exports from India
India Direct Dyes Industry
Dyestuff Production in India
Production Capacity Dyestuff
Global Dyes Market
Dyes Imports to India
Dyes Manufacturers in India
Reactive Dyes and Disperse Dyes
For More Information, Refer to the Link below
Related Reports:
Contact Us:
Ken Research 
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Wednesday, May 30, 2018

India Dyes Market is expected to Reach around INR 48,000 Crore by the Year Ending 2022: Ken Research

India Dyes Market by Market Structure (Unorganized and Organized Market), by Product Type (Reactive Dyes, Disperse Dyes, Direct Dyes, Acid Dyes, VAT Dyes and Others), by Application (Textiles, Leather, Paper, Printing Inks and Others), by Export and Domestic Sales; Company Profile of Major Players (Bodal Chemicals, Clariant Chemicals, Atul Chemicals, Aksharchem Ltd, Kiri Industries, Colourtex Industries and Jay Chemicals)
The dye and dye intermediaries market in India is expected to achieve a target of more than INR 40,000 crore by the end of this decade (2020).
The US and European chemical manufacturers are witnessed to shift their manufacturing and production bases to low-cost countries including India thus boosting the domestic manufacturing.
Growing infrastructural development coupled with rapid industrialization is further anticipated to drive the demand for dyes used during construction activities in India.
Analysts at Ken Research in their latest publication “India Dyes Market Outlook to 2022 – By Market Structure (Organized and Unorganized Market), By Product Type (Reactive, Disperse, Direct, Acid, VAT and Others), By Applications (Textiles, Leather, Printing Inks, Paper and Others) and By Export and Domestic Sales” believe that reducing dependency on textiles, investing towards reducing adverse environmental effect, opting for backward integration model to expand business operations, expansion through mergers and acquisitions, extending product / business portfolio and focusing towards eco-friendly dyes will create a positive impact on the market. India dyes market is expected to register a positive CAGR of more than 7% during the forecast period 2017-2022E. The market is further expected to be driven by shutdown of chemical manufacturers in China, thereby affecting the dyes production on a larger scale. As a result, it has boosted the demand for Indian products across the globe and will continue to do the same over long term.
India dyes market is poised to grow on account of end-user demand including textiles, leather, printing inks, paper, plastics, foods and beverages, construction, automotives and others. Leading chemical companies in India have started to invest towards expanding their operational capacity in order to meet the ever-growing domestic as well as export demand for dyes. They have started to fit in the use of natural substances such as organic azo dyes owing to its friendly nature towards environment, thus assuring safe usage. Along with increasing competition between MNC’s and domestic firms in India, the dyes market is further expected to witness more strategic alliances and joint ventures/acquisitions in near future.
Trending consumer choices along with ever-changing fashion industry in India are further expected to drive the sales of reactive and disperse dyes towards the country’s textile industry.
Key Topics Covered in the Report
Trends India Dyes
Global Dyes Market
Dyes Imports to India
Dyes Manufacturers in India
Dyestuff Production in India
Production Capacity Dyestuff
Pricing Analysis in India Dyes Market
Dyes Exports from India
Demand for Dyes in India
India Direct Dyes Industry
Dyes Production India
Dyes Market in India
India Dyes Industry
Indian Reactive Dyes Market
Reactive Dyes and Disperse Dyes
Dye End-User Applications in India
India VAT Dyes Market
Dyes Sales Volume India
India Disperse Dye Market
For More Information, Refer to the Link below

Related Reports:
Contact Us:
Ken Research 
Ankur Gupta, Head Marketing & Communications
+91-9015378249