Reactive Dyes and the Global Economic Scenario
The dyestuff industry has always played a crucial role in the economic development of our country. Its growth rate, however in recent years has increased manifold. Earlier, it was only capable of fulfilling the needs of the domestic textile industry, but things have changed rapidly in the past few years. It is not only capable of fulfilling 95 percent of our own needs but is also making its presence felt in the international market. These days the Indian dyestuff industry exports reactive dyes and dye intermediates to the majority of countries, we used to import these from.
It is a matter of pride that the countries we were dependent on for reactive dyes until 10 years ago rely on the dye manufacturers in India. It might interest you that the chemical industry works as a great connecting link between a variety of industries such as paper, textile, packaging, leather, inks, paints, and polymers to name a few.
Now, let’s take a look at the global scenario and what it has in store for the reactive dyes industry. The global market for dye intermediates, dyes and pigments are roughly estimated at the US $23 Billion. The major players are India, China, Korea, Taiwan, and Japan. India still is the pioneer in the production of reactive dyes while China, Taiwan, and Korea are the leaders in the production of the disperse dyes. There is a reason why India pioneers in the production of reactive dyes. That’s because of the easy availability of vinyl sulphone in our country.
The Increasing Demand of Dyestuffs
One of the major consumers of dyestuffs is the textile sector. For dyeing and printing cotton fibers, reactive dyes, vat dyes, and azo dyes are needed. The demand of dyestuffs is increasing at an exponential pace. The Indian sector focuses a lot on the research and development because of which they can modify the quality of finished products and the existing unit processes. Major developed countries such as Switzerland, Turkey, Singapore, and Japan import reactive dyes and other dyestuffs to fulfill their domestic needs. Now, we are also all set to export these to other countries such as Africa and Latin American countries.
The future of the Indian dyestuff industry certainly looks promising. Inspite of the above encouraging facts and figures, there is still a lot of potential for growth for the Indian dyestuff industry. Hope you found the post informative. Please feel free to leave your comments in the box below or get in touch with us for any queries you may have.
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