What Are The Market Drivers Of The Chemical Sector?

 The growing polyester and automotive sectors are the main drivers of the robust expansion in the Indian glycol industry. Also, know about the Feasibility Study to Set Up an Ethylene Glycol Plant. India is now a key actor on the world stage thanks to its strategic exports to Europe, America, and Asia Pacific as well as its domestic output. 


  • India is a global leader in the textile industry, and the country uses ethylene glycol to produce polyester, a key component of textiles. Glycol demand is rising in tandem with the growth of the domestic textile sector. Moreover, PET bottles—which are frequently used to hold drinking water—are also employed in the polyester production process. Thus, a higher volume of bottled water sales in India is correlated with a greater requirement for glycols.


  • The beauty and personal care sector in India is projected to generate USD 31.51 billion in revenue by 2024. An important additional factor driving the need for glycol is the growing personal care and cosmetics sector. As a humectant that draws moisture into the skin, glycol is an essential component of skincare products such as serums, lotions, and creams. Glycols, however, are a necessary component of scent and the perfume business. These substances breakdown fragrance oils and prolong their skin-stickiness by acting as solvents and fixatives. The Feasibility and Market Study for Chemical Sector is crucial for moving further. 


  • Programs like Made in India and Atmanirbhar Bharat encourage homegrown manufacturing, lowering dependency on imports and presenting chances for producers of glycol to serve the expanding domestic market. Glycol-based coolants and antifreeze are in high demand as a result of the automobile industry's Production Linked Incentive (PLI) programs, which have the potential to speed up vehicle production. 

So, hire India Watch to get more Insights on Market And Feasibility Study For Chemical Industry. 
Location: India

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