20 The product portfolio of Rudolf Atul Chemicals Ltd (RACL) comprises auxiliary chemicals for textile processing. The Company offers products for preparation, colouration and finishing of apparel, home furnishing and technical textile. It offers 188 products which fall under two major application segments, process chemicals (PC) and effect chemicals (EC). The Company achieved sales of ` 83 cr, an increase of 13% over 2017-18, mainly on account of growth in volume. The PC product group grew by 20% whereas the EC product group grew by 6%. The size of the world textile chemicals market is estimated at US$ 8.7 bn and is growing at about 4%. China and India are major consumers of these products. The size of the Indian Textile Chemicals Industry is estimated at US$ 340 mn and is growing at about 6%. The size of the Textile industry in India is estimated at US$ 150 bn and is expected to reach US$ 223 bn by 2021. The sector has been posting a steady growth over the years and reportedly benefits from factors such as high availability of man-made and natural fibers, a continuously growing domestic market, design and manufacturing capabilities to cater to a range of orders and a complete value chain. India has a large workforce with skill levels across the hierarchy, with millennials accounting for 46% of its workforce in 2017. Management Discussion and Analysis
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