Product Code: ETC046264 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India pigments market import shipment demonstrated strong growth momentum with a CAGR of 10.0% from 2020 to 2024. The growth rate between 2023 and 2024 accelerated to 11.4%, indicating an expanding market trend with increasing shipments over the years.
The India pigments market is estimated to reach a value of USD 8.8 billion by 2031, witnessing a CAGR of 6.6% during the forecast period (2025-2031). Pigments are used in various industries such as coatings, plastics, and printing inks for imparting colors on different objects or surfaces. Growing demand from the automotive industry owing to increasing vehicle production and rising purchasing power among consumers are expected to drive growth in this sector over the next few years.
Growing Demand from Automotive Industry ? The increased production of vehicles around the globe has led to an increase in demand for colored parts which is driving up pigmentation market growth. This trend can be attributed to changing consumer preferences and increasing disposable incomes among buyers which encourages them purchase more sophisticated models with unique features that require additional pigmentations both inside and outside their vehicles. Additionally, strict government regulations regarding vehicular emission standards also increases demand for special types of pigments that help reduce emissions levels produced by automobiles thereby fueling further growth opportunities within this industry segment. Increasing Use Across Building & Construction Sector ? With rapid urbanization taking place across developing countries like India, there has been an exponential rise in demand for construction materials including paints & coatings which subsequently leads to higher consumption rates for pigmentation products too as they are majorly used while processing these aforementioned items due coloration purpose adding vibrancy and creating aesthetically pleasing environment when applied externally onto buildings & structures etc., all resulting into healthier growth outlooks currently being witnessed across this vertical over recent times coupled with proliferating real estate business activities observed lately too aiding towards same direction albeit indirectly though still having significant impacts nonetheless.
High Cost Associated With Production Processes ? Pigment manufacturing processes involve complex procedures such as grinding raw material into powder form followed by mixing it with insoluble substances amongst others making it relatively costly affair thus limiting profits margins significantly operating margin wise leading companies involved struggling trying achieving desired profitability outcomes which often become difficult at times because of high cost components associated inherently via involvement specialized techniques employed throughout stages involved from sourcing till dispatching finished goods ultimately hindering overall prospects somewhat negatively affecting already fragile economies globally getting even tougher amidst current pandemic situation where budget limitations have become commonplace hampering business operations almost everywhere ubiquitously posing complex issues hard tackle head-on without any external assistance whatsoever coming forth anytime sooner proving increasingly challenging state affairs lately
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Pigments Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Pigments Market Revenues & Volume, 2021 & 2031F |
3.3 India Pigments Market - Industry Life Cycle |
3.4 India Pigments Market - Porter's Five Forces |
3.5 India Pigments Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Pigments Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Pigments Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for pigments in end-use industries such as paints, coatings, plastics, and textiles. |
4.2.2 Growth in infrastructure development projects driving the demand for pigments. |
4.2.3 Rising disposable income leading to higher consumption of consumer goods that use pigments. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices affecting the production cost of pigments. |
4.3.2 Stringent environmental regulations impacting the manufacturing processes of pigments. |
4.3.3 Competition from substitute products like dyes affecting the market for pigments. |
5 India Pigments Market Trends |
6 India Pigments Market, By Types |
6.1 India Pigments Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Pigments Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 India Pigments Market Revenues & Volume, By Inorganic, 2021-2031F |
6.1.4 India Pigments Market Revenues & Volume, By Organic, 2021-2031F |
6.1.5 India Pigments Market Revenues & Volume, By Specialty, 2021-2031F |
6.2 India Pigments Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Pigments Market Revenues & Volume, By Paints & coatings, 2021-2031F |
6.2.3 India Pigments Market Revenues & Volume, By Printing inks, 2021-2031F |
6.2.4 India Pigments Market Revenues & Volume, By Plastics, 2021-2031F |
6.2.5 India Pigments Market Revenues & Volume, By Construction materials, 2021-2031F |
6.2.6 India Pigments Market Revenues & Volume, By Others, 2021-2031F |
7 India Pigments Market Import-Export Trade Statistics |
7.1 India Pigments Market Export to Major Countries |
7.2 India Pigments Market Imports from Major Countries |
8 India Pigments Market Key Performance Indicators |
8.1 Average selling price of pigments in the Indian market. |
8.2 Number of new product launches and innovations in the pigment industry. |
8.3 Adoption rate of eco-friendly and sustainable pigment solutions in the market. |
9 India Pigments Market - Opportunity Assessment |
9.1 India Pigments Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Pigments Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Pigments Market - Competitive Landscape |
10.1 India Pigments Market Revenue Share, By Companies, 2024 |
10.2 India Pigments Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |