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Poly Cotton Fabric Market: Industry analysis

02 March 2023, Mumbai 

Overall, the poly-cotton fabric (PCF) market is expected to witness significant growth in the coming years, driven by the increasing demand for breathable, durable, and cost-effective clothing and home textiles.

Traditionally, PCF is supposed to be a product blending typically natural cotton and synthetic polyester and can have a harmonious blend of something as a ballpark 65% cotton & 35% polyester albeit, there is no such sacrosanct & the mix is supposed to keep changing for varied types of the product spectrum.

While there are some drawbacks to using poly cotton, such as its slippery texture and moisture absorption, their benefits outweigh these drawbacks for many consumers.

North America currently dominates the market, but Asia-Pacific and Europe are expected to experience healthy growth due to the rising demand for body-fit clothing and textiles. Emerging markets in the Middle East and Africa, particularly in UAE, Kuwait, and Turkey, are expected to contribute to the growth of the poly cotton fabric market as well, particularly in the sportswear and activewear sectors.

However, the COVID-19 pandemic has had a significant impact on the global economy, and the poly-cotton fabric market is no exception.

The first six months of 2020 saw a significant slowdown in manufacturing, and it is expected to take some time for the market to fully recover. Nonetheless, as the trend toward comfortable and affordable clothing continues, the poly-cotton fabric market is likely to continue to grow in the coming years.

CREDITS: Future Market Insights (FMI) report

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Archroma: Acquisition of Huntsman Corp's textile effects business

01 March 2023, Mumbai 

Archroma, a sustainable specialty chemicals and solutions provider, has completed its acquisition of the Huntsman Textile Effects business, comprising 2,300 employees across 33 countries and 10 production sites.

Heike van de Kerkhof states: “We are very proud of Archroma’s achievements in recent years".

The combined entity will have over 5,000 employees across 42 countries and 35 production sites. The two companies' product portfolios will be highly complementary, offering sustainable solutions to fashion brands and the global textile industry.

Thomas Bucher, Group Chief Finance Officer, speaking on this: “With this acquisition, Archroma is now in a position to leverage the complementarities and synergies".

The acquisition marks the third strategic acquisition by Archroma, with the previous ones being the global textile chemicals business of BASF and M. Dohmen.

Rohit Aggarwal alludes: “I am very excited to see our two leading teams unite".

Archroma has also restructured into two operating divisions: Archroma Textile Effects and Archroma Paper, Packaging & Coatings, to support its customers and business partners with the superior experience and solutions they have come to expect.

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BUDGET HIGHLIGHTS 2023: Lecture @ TAI, Mumbai Unit

10 February 2023, Mumbai

The lecture on the "Budget Highlights 2023" exercise conducted by the Textile Association India (TAI), Mumbai Unit was pretty well-received and insightful & enlightening.

Darshan M. Pathak decoded the financial budget providing an informative in-depth analysis of what is in for the textile industry covering a broad gamut of topics, themes, and issues including the specifics of allocation of funds to a range of programs and industries, outlining the benefits of certain schemes, the exports of different textile products/product line, the different tax regimes, and the latest/revised amendments in the Income Tax (IT) Act.

It did not surprise many as the lecture was well-attended & received by a plentiful of attendees and there was an active interaction between the speaker and the audience.

The convenor, Haresh B. Parekh, and the president of TAI, Mumbai Unit, Rajiv Ranjan, also played a pivotal role in making the lecture a decent success leading to an impactful & valuable experience for the participants to help understand the Union budget 2023-24 and its expected/potential impact on the textile sector at large.

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