Market Analysis of Textile Dyes and Auxiliaries in Bangladesh: Challenges and Prospects
Farjana Sakila, Md. Mazedul Islam, and Mors
Corresponding Author : Md. Mazedul Islam,
Dept. of Textile Engineering, Dhaka University of Engineering and Technology, Bangladesh.
Email ID : firstname.lastname@example.org
Received : 2015-06-02 Accepted : 2015-06-22 Published : 2015-06-22
Abstract : Bangladesh is emerging as one of the major textile clothing products exporting nations. The demand for textile chemicals (dyes and auxiliaries) in the country has increased sharply in the recent years. Low worker wages and easy raw material availability are some of the prime factors driving the countryâ€™s textile industry as well as other allied industries such as textile chemicals to reach its destination. However, due to limited technical capabilities and poor infrastructure, multinational textile chemical companies have not been able to set up their production facilities in Bangladesh as well as Bangladeshi entrepreneurs have not been able to set up an industry that remarkably manufacture textile chemicals, mainly coloring materials. Thatâ€™s why we have to import from other countries and pay unaffordable amount-which are sometimes kick us to omit from the market. The country is witnessing significant investments in the textile market from all across the globe, primarily from China and India. In addition, changing patterns in the consumption of specialty finishing and pre-treatment chemicals is expected to drive the demand for textile chemicals during the forecast period. However, in this paper, the present conditions of the textile chemicals market in Bangladesh with prospects and challenges in growth are discussed. Also an analysis on SWOT (strength, weakness, opportunities and challenge) of textile chemical business in Bangladesh in context of importing or manufacturing is presented.
Keywords : Textile Industry, SWOT, Market analysis, Dyes and Auxiliaries
Citation : Md. Mazedul Islam et al.. Market Analysis of Textile Dyes and Auxiliaries in Bangladesh: Challenges and Prospects, J. of Advancement in Engineering and Technology. V3I2. DOI : 10.5281/zenodo.890930
Copyright : © 2015 Md. Mazedul Islam. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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