Indian pigment manufacturers are expanding their production capacities, given their low cost advantage with increasing focus on HPP and other specialized pigments such as metallic and pearlescent, used in automotives and other industrial coatings.
Pigment manufacturers in India, especially the organized sector players have started to focus on backward integration to gain a competitive advantage over others.
The growing trend of using aluminum based pigments in India has promoted the development of superior quality coating solutions, intense colors and new metallic shades which are further expected to boost the demand for metallic pigments in automotive and construction sector.
Surging pigment end-user expectations in terms of price and quality consciousness has forced manufacturers operating within the organized sector to invest more on R&D in order to develop both organic as well inorganic pigment emulsions within the regulatory framework and reasonable pricing in the coming years. Additionally, they have been opting for backward integration model therefore, procuring raw material in advance and producing in accordance with customer needs. As a result, it will also help them to reduce their overall cost of manufacturing.
Increasing consumer preference towards aesthetic finishes in passenger cars coupled with growth in the country’s automobile industry is further estimated to generate additional demand for metallic and pearlescent effect pigments towards paints and coating applications in India. Small and niche players can focus towards this product type owing to growing trend of adopting high performance organic pigments and the continuous displacement of heavy toxic metal pigments such as lead, chromium and others.
Analysts at Ken Research in their latest publication “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” believe that focusing on specialty and high performance pigments, adopting for backward integration model to expand business operations, investing towards reducing adverse environmental effect, expansions through mergers and acquisitions, extending product/business portfolio, focusing towards eco-friendly/organic pigments and rising opportunities for non-toxic inorganic pigments will create a positive impact on the Indian pigments industry.
India market is expected to register a positive CAGR of 5.5% for pigments market during the forecast period 2017-2022E. Changes taking place in Chinese chemical industry has also presented several opportunities for Indian manufacturers to increase their exports, especially pigment emulsions towards major countries including US, Bangladesh, Germany, Turkey, China, Brazil, Italy and others.
Key Topics Covered in the report
India Phthalocyanine Pigment Market
Pricing Analysis India Pigments
Global Pigments Sales
Global Pigments Market
India Pigments Industry
Pigment Exports from India
Global Organic Pigment Forecast
Major Players in Pigments Industry
India Pigments Trends
Pigment Imports to India
Type of Pigments Sold in India
Major Selling Pigments in India
Inorganic Pigments Market India
Pigments Market Growth in India
Overall Chemicals Market in India
Export Sales Organic Pigment 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