Intermediates, or semi finished products form the base for the finished goods. Used as an input for the production of other goods, intermediates is an utmost necessity for the majority of the final products. For every product you consume, there are various intermediates that go into the process of production. Intermediates not necessarily need to be a semi finished product, a finished product can also work as an intermediate for another good. Intermediate goods form an integral part of every industry and it constitutes a major raw material for the production process.
The dyes and dyestuff industries play a major role in the growth of the chemical industry. Dyes intermediates are products that are transformed to finished dyes and pigments. The dye intermediates serve various industries like plastics, paint, textiles, printing inks and paper.
The overall capacity of dyestuff is 2,00,000 tonnes per annum and the Indian dyestuff industry meets about 95% of the domestic requirements.
The global dye market is expected to witness a growth of USD 8.75 billion by 2023 with a CAGR of 8.13%.
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