The new report by Expert Market Research titled, ‘India Dyes and Pigment Market Report and Forecast 2022-2027’, gives an in-depth analysis of the India dyes and pigment market, assessing the market based on its segments like segments, product types, and applications. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 0%
The dyes and pigment market in India is being driven by the increasing demand for organic pigments aimed towards achieving enhanced colouring with better tones of inks, paints, and coatings, among others. Meanwhile, colouring materials are crucial in the cosmetics industry to bring colour to make-up products, such as lipstick and mascara. In this regard, the increasing disposable income of Indians, and increasing inclination towards personal care and beauty products is further adding to the demand for dyes and coatings. Moreover, the increasing demand for dyes in the production of paper owing to the rising demand for decorative papers and wallpapers in the country is likely to be a major driving factor in the forecast period.
Industry Definition and Major Segments
Dyes and pigment are defined as the colouring materials which impart their colour on a material. Pigments are insoluble in water, oils, and resins, while dyes are soluble in water. These particles require a binder in order to get suspended in a dispersing agent to diffuse their colour. The sources of these colourants can be organic or inorganic.
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On the basis of segments, the market can be bifurcated into:
- Dyes
- Pigments
Based on product type, dyes can be segmented into:
- Azo Dyes
- Acid Direct Dyes
- Disperse Dyes
- Oil Soluble
- Reactive Dyes
- Sulphur Dyes
- Vat Dyes
- Solubilised Vat Dyes
- Food Colours
The pigments market can be categorised on the basis of product type into:
- Optical Whitening Agents
- Organic Pigments
- Pigment Emulsion
- Inorganic Pigments
The significant application of the dyes include:
- Textiles
- Food
- Paper
- Leather
- Others
Pigments find applications in the following:
- Paint and Coatings
- Plastics
- Printing Inks
- Textiles
- Others
Market Trends
The key trends in the dyes and pigment market include the rising demand for dyes and pigments in the textile industry. The growing expansion of the major fashion and clothing companies in the country is likely to accelerate the demand for dyes and pigments in the coming years. Moreover, dyes and pigments are crucial for the manufacturing of paints and coatings, which are likely to witness a high demand as the construction sector in India is booming due to the rapid development of infrastructure. This is likely to be another key trend in the market. Furthermore, the increasing demand for dyes to manufacture automotive coating is anticipated to be another crucial trend in the market owing to the thriving automotive industry in India.
Key Market Players
The major players in the market are BASF SE, Clariant AG, Sudarshan Chemical Industries Limited, Koel Colours Pvt. Ltd., and Neelikon Food Dyes & Chemicals Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
