India Pigments Market Outlook to 2022: Ken Researchby Ashish Kumar Market Researcher
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” provides a comprehensive analysis of pigments and pigment preparations in India. The report focuses on overall market size for pigments in India, market segmentation 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). The report also covers the overall competitive landscape, government role and regulations, PESTEL analysis, porter’s five forces model, growth drivers, trends and developments. The report concludes with market projection for future for pigments market and analyst recommendations highlighting the major opportunities and cautions for overall India pigments market.
India Pigments Market Size
The Indian pigment industry has witnessed an exceptional growth over the review period 2012-2017 owing to high usage of pigments in several end-user industries such as cosmetics, paints and coatings. The pigment sales registered constant growth increasing in value over the years. In India, major selling inorganic pigments include carbon black pigment and titanium dioxide, whose consumption was evaluated at thousands of tonnes and is majorly used in paints and process of plastics.
India Pigments Market Segmentation
By Export and Domestic Sales
The Indian pigment industry has transformed itself from being import dependent to an export driven market with high exports of pigment emulsions, thus grabbing a a major revenue share in 2017. On the other hand, the domestic sales segment captured the remaining revenue share in the year 2017.
By Inorganic and Organic Pigments
The inorganic pigments dominated the Indian pigments industry with a majority revenue share in the year 2017. Amongst the inorganic pigment segment, titanium oxide remains the most in demand pigment type in India by generating maximum of total revenues and is primarily used in paints and coatings industry whereas, pigments such as iron oxide, chrome oxide and others captured the remaining share of total revenues derived from inorganic pigments. On the other hand, the organic pigments captured a lesser revenue share in the year 2017. Amongst organic pigment type, phthalocyanine pigments were observed to be on top by capturing more than half of the organic pigments market whereas, azo pigments and high performance pigments captured the remaining revenue share of in 2017.
By Market Structure
The manufacturing of organic pigments within India was dominated by the organized sector with a highest revenue share in 2017, thus constituting a well established domestic as well as international firms such as Bodal Chemicals, Clariant Chemicals and others producing high quality pigment type. On the other hand, the inorganic pigments were majorly captured by the unorganized sector.
The paint and coatings segment dominated the Indian pigment industry with highest revenue share in 2017. Pigments not only provide color, opacity and gloss to a particular paint type but it also serves to protect the underneath surface from corrosion and weathering. Applications such as plastics, printing inks, construction and others were witnessed to capture the remaining revenue share in 2017.
Comparative Landscape in India Pigments Market
India pigments market was observed to be highly fragmented with the presence of ~ manufacturers, out of which only few manufacturers constitute the organized sector whereas, the remaining make up the unorganized sector. Some of the key companies profiled in the report include Clariant Chemicals, Meghmani Organics, Sudarshan Chemicals, Asahi Songwon, Aksharchem Ltd, Kiri Industries, Poddar Pigments, Kesar Petroproducts, Mazda Colors, Mallak Pigments, Pidilite, Colourtex Industries, Phthalo Colors & Chemicals, Lona Industries, Gharda Chemicals and Vibfast Pigments Pvt. Ltd. The leading players in pigments segment were witnessed as Sudarshan Chemicals, Meghmani Organics and Clariants India, thus collectively accounting for high share of the total pigments market in India in the year 2017.
India Pigments Market Future Outlook and Projections
Pigments are an integral part of the country’s overall chemical sector. Over the forecast period, India pigments market is expected to generate revenues through increasing production of phthalo and azo pigments, for instance, phthalocyanine blue crude is one of the major selling phthalo pigments domestically as well as internationally. Many pigment manufacturers are witnessed to develop an effective waste water management system for effluent discharge of untreated waste, therefore boosting pigment manufacturing in India. The Indian pigments market is further anticipated to reach revenues worth more than INR 20,000 crores by the year ending 2022, thus growing at a positive CAGR in the forecasted period 2017-2022E.
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