To gain insight into the market for organic pigments in India, read our article that gives the in-depth market analysis. We have provided insights into the different types of pigments, their applications, market projections, and key players. We also provide the latest market trends and industry news. So, what’s next for the organic pigment industry? Here are some tips to get you started. First, you need to understand the basic concepts. Organic pigments are natural products derived from organic matter.
Inorganic Pigments Market
According to a certain report on the inorganic pigment market published by a reliable source, India is one of the fastest-growing markets for this chemical. Its exports contributed to the largest share of revenue in 2021, with the domestic sales segment capturing the remaining percentage. The market for inorganic pigments in India was led by the production of titanium oxide, which remains the most popular type of pigment in the country. Other prominent end-use industries for inorganic pigments include coatings, packaging, and paper and printing. In addition to their use in coatings, inorganic pigments are expected to be durable and provide protection against various factors, including heat and cold.
In 2021, the inorganic pigments market in India held a market share of nearly USD 20–25 billion, with growth estimated at 5.1% CAGR. The growth in the market is attributed to a variety of factors, including the growth in the global construction industry and the rise in aesthetics in packaging. While white pigments are primarily used in paint formulations, other pigments such as zinc oxide and titanium dioxide are increasingly used for other applications, such as pharmaceuticals and cosmetics.
Application Sectors of Organic Pigments
Growing environmental awareness and strict regulations have boosted the demand for organic pigments. The automotive sector is one of the major application sectors for organic pigments in India. This product has numerous benefits, such as good colour strength, non-toxicity, and unique shades. It can be used in a variety of applications, from the interior to the exterior of vehicles. Organic pigments have several application sectors across the globe, and India is one of them.
The country’s population and growing infrastructure sector are driving the demand for organic pigments. As a result, the pigment industry is expected to reach USD 32 billion by 2022 and to grow at a rate of 20% per year in the coming years. The automotive sector is also growing rapidly in India and will drive demand for organic pigments. In addition, India plans to invest USD 1.4 trillion over the next five years in infrastructure and construction, and this investment in construction will spur demand for organic pigments.
Organic Pigments Market Projections
The demand for organic pigments in India is expected to continue to grow, despite the deteriorating economic conditions. Rising demand for organic pigments has been driven by increasing use in hi-tech applications, including photo-reprographics and optoelectronic displays. Manufacturers across the world are focusing on developing organic pigments with good light fastness properties to make these materials more useful for various applications.
According to a recent report, the global market for organic pigments will grow by 4.18% CAGR over the forecast period (2020–2026). The report provides a detailed analysis of the factors driving and restraining the market and identifies the key drivers and challenges. The report also offers insights into recent technological innovations, the latest trends, and drivers that will impact the market. While the Indian market is expected to grow at a relatively slower pace than the global market, it is expected to increase at a higher CAGR than the other regions.
According to a reliable report, Asia-Pacific is expected to dominate the global organic pigment market during the forecast period. In India, for instance, the government has committed to investing $64 billion in infrastructure projects from 2020 to 2021. Furthermore, China has recently declared its plans to spend $1.5 trillion over the next five years, which is expected to lead to increased demand for paints and other products. Moreover, rapid infrastructure development is expected to spur the use of organic pigments in the Indian market.
Key Players of Organic Pigments
In India, the market for organic pigments is highly fragmented, with only a handful of manufacturers in the organised sector and the rest in the unorganised sector. This article profiles the key players in the Indian market, which is Unilex Colours & Chemicals Limited. The article also covers the potential impact of microeconomic factors on the market.
A certain report from a reliable source covers the latest market data, company profiles, and business strategies for the key players in the organic pigments industry. It provides detailed company profiles with revenue, cost, and gross margin for each company. It also includes information on the sales volume, consumption, and growth rates of the market. In addition, it provides detailed information on the market’s end users. Further, it outlines the market’s competitive landscape, highlighting both existing and emerging players.
The Bottom Line
The global organic pigments market is largely fragmented, with key players accounting for only a marginal share of the total market. In India, the market for organic pigments is expected to grow at a CAGR of more than 8% over the next five years, driven by increased demand for dependable commercial items.
