India Pigments Market is Expected to reach over INR 20,000 Crore by the year ending 2022: Ken Research

• 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.

Products Covered
India Pigments Market by Export and Domestic Sales, by Product Type (Inorganic Pigments and Organic Pigments), by Market Structure (Organized and Unorganized Market), by Organic Pigment Type (Phthalocyanine Pigments, Azo Pigments and High Performance Pigments), by Phthalocyanine Pigment type (Green and Blue), by Azo Pigment type (Yellow, Red, Blue and Orange), by HPP Pigment type (Red, Orange and Yellow), by Inorganic Pigment Type (Titanium Oxide, Iron Oxide Pigments, Chrome Oxide Pigments and Others), by Application (Paint and Coatings, Plastics, Printing Inks, Construction and Others);

Companies Covered
Clariant Chemicals, Meghmani Organics, Sudarshan Chemicals, Asahi Songwon, Poddar Pigments, Kesar Petroproducts, Mazda Colors, Mallak Pigments, Pidilite Industries Limited, Phthalo Colors and Chemicals, Lona Industries, Gharda Chemicals Limited and Vibfast Pigments Pvt. Ltd.

For More Information, Refer to the Link below:
https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/india-organic-pigment-market/149670-101.html

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