India has significantly grown as a producer and exporter of organic pigments, especially CPC crude blue, green and some high performance pigments.
The report titled “India Pigments Market Outlook to 2022 – By Organic Pigments (Azo Pigments – Yellow, Red, Blue and Orange; Phthalocyanine – Green and Blue and HPP – Red, Orange and Yellow) and Inorganic Pigments (Titanium Oxide, Iron Oxide, Chrome Oxide and Others) and CPC Blue Crude Market” by Ken Research suggested a growth at a noteworthy CAGR of 5.5% in terms of revenue in India pigments market by the year ending 2022. In future, favorable regulations, expansion in production capacity of organized players, product innovation, using high-end technology and end-user industry growth will further open up a window of opportunities, thereby, creating a positive impact on India pigments market demand.
Implementation of GST in India caused a disturbance in the country’s chemical industry, especially towards supply chain movement of pigments owing to massive reduction in Stock Keeping Units (SKUs). As a result, it led to the shutdown of several medium and small sized manufacturers in India, thereby affecting the revenues of the unorganized sector. On the other hand, large and organized players are poised to take lead in the Indian pigment industry on account of technology, product innovation and brand building. The organized sector in India majorly exports pigment and pigment intermediaries to foreign countries, whereas the unorganized sector was observed to be highly focused towards improving the domestic sales of pigments within India.
With Asia being the largest regional market, emerging economies like China, India and others are playing a significant role in developing markets for High Performance Pigments (HPPs). Plentiful style factors have created a positive impact on the usage of organic pigments in India. Rising popularity of hardwood flooring coupled with increasing personal disposable income has increased the use of HPPs in printed and laminate type of products. The trend is expected to derive more demand for HPPs in near future.
The chemical properties of HPP include resistance to light, heat, humidity, organic solvents and water detergents. Good light and weather fastness properties acted as one of the major driving forces for pigment end user applications. The principle market sectors for high performance and specialty pigments are coatings for architectural, automotive, industrial, plastics, inks (especially in packaging), cosmetics, textiles, non-impact printing and electronics. On the other hand, consumption of carbon black and titanium dioxide was observed to be highest among inorganic pigment type. Some of its major end-users include tyre manufacturers, plastic manufacturers, ink producers; and paints & coating emulsions.
Key Topics Covered in the report
Global Organic Pigment Forecast
Global Pigments Market
India Pigments Industry
Pigments Market in India
Pigment Exports from India
Pigment Production in India
Pigment Imports to India
Overall Chemicals Market in India
High Performance Pigments and Specialty Pigments Market
Kesar Petro products
Pidilite Industries Limited
Phthalo Colors and Chemicals
Gharda Chemicals Limited
Vibfast Pigments Pvt. Ltd.
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Ankur Gupta, Head Marketing & Communications