India Dyes & Pigments Market (2024-2030) Outlook | Growth, Trends, Companies, Size, Share, Analysis, Revenue, Value, Industry & Forecast

Market Forecast By Product (Dyes, Pigments) And Competitive Landscape

Product Code: ETC323244	Publication Date: Aug 2023	Updated Date: Apr 2024	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

India Dyes & Pigments Market Shipment Analysis

India Dyes & Pigments Market registered a decline of -10.95% in value shipments in 2022 as compared to 2021 and an increase of 3.41% CAGR in 2022 over a period of 2017. In Dyes & Pigments Market India is becoming less competitive as the HHI index in 2022 was 2322 while in 2017 it was 2172. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Dyes & Pigments Market.

India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Dyes & Pigments Market in 2022 was 0.2 while in 2017 it was 0.25. China, Singapore, Germany, the USA and Belgium were among the top players in the market in 2022, where China acquired the largest market share of 42.91% with a shipment value of 90.93 million USD 2022 China also offered the product above the average market price but remained at the leadership position indicating the trust it holds in the Dyes & Pigments Market. In 2017 China had the largest market share of 40.25% with a shipment value of 78.31 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge over another competitor in 2017.

India Dyes & Pigments Market Competition 2023

India Export Potential Assessment For Dyes & Pigments Market (Values in Thousand)

Topics Covered in the India Dyes & Pigments Market

India Dyes & Pigments Market report thoroughly covers the market by product. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Dyes & Pigments Market Synopsis

The India dyes & pigments market is experiencing growth as the textile, printing, and coatings industries seek colorants for various applications. This market`s outlook is driven by factors such as the increasing demand for dyes and pigments in textile dyeing, printing inks, and paints, the growth of the manufacturing and industrial sectors, and the adoption of dyes and pigments for their coloration and aesthetic properties. Additionally, the development of eco-friendly and sustainable dyeing and pigmenting methods and the rising focus on color consistency and quality are further contributing to market growth. India has a huge textile and plastic manufacturing industry, where dyes & pigments are widely used, leading to a massive growth of the Dyes & Pigments Market in the country.

According to 6Wresearch, the India Dyes & Pigments Market size is expected to grow substantially during the forecast period 2023-2029. The market is witnessing steady growth as various industries utilize these colorants for coloring and tinting applications. Additionally, the need for vibrant and long-lasting color solutions is contributing to market growth. Some of the key drivers for the India dyes and pigments market include the rising demand for colored textiles and apparel and the growing use of pigments in the paint and coatings industry.

Drivers of the India Dyes & Pigments Market

An increase in the construction activities in the country led to the bolstering of the paints and coating materials demand, and the dyes & pigments demands are subsequently increasing. Apart from the textile industry, other industries are also using dyes & pigments to produce various consumer goods like plastic toys and cosmetics items. A rise in the population income levels increases demand for apparel and consumer goods, as a result, the high use of dyes & pigments subsequently a massive market growth.

Increasing Manufacturing Unit: The growing construction activities and establishments of manufacturing units are some key drivers for the high demand for dyes and pigments. As these materials are used while painting and coatings.
Rising Consumer Goods Sector: The consumer goods industry, which includes packaging and cosmetics. These industries widely use dyes and pigments for product aesthetics. As the population spending rises leading to a high purchase of consumer goods, as a result, a massive growth in the dyes & pigments market.

Some ongoing trends in the India Dyes & Pigments Market

India Dyes & Pigments Market is estimated to set considerable growth in the country backed by some ongoing trends & opportunities. One of the leading trends is the rising environmental concern in the country has resulted in an increased demand for sustainable dyes & pigments and is one of the leading factors estimated to augment the India Dyes & Pigments Market growth in the upcoming years. The rising investment in product research & development to enhance the product properties can boost the growth of the market at a tremendous rate. Moreover, Manufactures are developing new dyes & pigments to cater to the customer's diverse needs regarding colors and effects.

Government Policies & Schemes Introduced in the India Dyes & Pigments Market

India Dyes & Pigments Market is anticipated to witness a high growth due to the rising export practices of dyes & pigments across the globe. The government has introduced some regulations regarding environmental concerns and set certain product quality specifications. In compliance with these standards, manufacturers require to produce improved quality and eco-friendly dyes & pigments. The Make in India initiative's purpose is to make India the largest manufacturing hub. This can leave a positive impact on the Dyes & Pigments Market in the country by Fuelling domestic production. additionally, The Indian government has offered some incentives for research and development in the chemicals sector, in order to produce innovative dyes and pigment solutions.

Challenges of the India Dyes & Pigments Market

The market faces challenges such as the environmental impact of dyeing processes and the need for continuous innovation in colorant technologies.

Environmental Compliance: The dyes and pigments industry often works with hazardous chemicals that can cause environmental compliance. Manage pollution, this requires high operation costs to develop proper waste treatment infrastructure.
Health and Safety Concerns: using some chemicals used in dyes and pigment production can cause major health issues for workers. This can limit the worker's entrance which can affect the market growth to some extent.
inadequate Infrastructure: an inadequate infrastructure for waste treatment and effluent disposal, can be a major challenge for the market. Waste management facilities can be costly and lead to hampering the market growth.

Covid-19 Impact on the India Dyes & Pigments Market

The COVID-19 pandemic had some impact on the India Dyes & Pigments Market which is a part of the Asia Pacific dyes & pigments market. The pandemic caused major disruption in market growth with the closure of all industries had reduced the product demand. In addition to this, interruption in the product supply led to a slowdown in the manufacturing process. Also, a decrease in the demand for textiles and coatings affected the market shares & revenues. Economic uncertainty and low product demand resulted in financial constraints for businesses across the country.

Key Players of the India Dyes & Pigments Market

Some of the key players in the India dyes and pigments market include:

ColorTech Industries
PigmentMaster Solutions
DyeWorks Co.

The above-mentioned key companies are well-known in the market and offer premium-quality dyes & pigments. In addition to this, manufacturers invest to improve product quality and properties to cater to customers’ demands.

Market Analysis by End Use

According to Nitesh Kumar, Research Manager, 6Wresearch, it is difficult to say which segment is growing in the country as both, dyes and pigments are widely used in different industries to produce products. Both segments are dominating the India Dyes & Pigments Market share.

Key attractiveness of the report

COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2019 to 2022.
Base Year: 2022.
Forecast Data until 2029.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report:

India Dyes & Pigments Market Outlook
Market Size of India Dyes & Pigments Market, 2022
Forecast of India Dyes & Pigments Market, 2029
Historical Data and Forecast of India Dyes & Pigments Revenues & Volume for the Period 2019 - 2029
India Dyes & Pigments Market Trend Evolution
India Dyes & Pigments Market Drivers and Challenges
India Dyes & Pigments Price Trends
India Dyes & Pigments Porter's Five Forces
India Dyes & Pigments Industry Life Cycle
Historical Data and Forecast of India Dyes & Pigments Market Revenues & Volume By Product for the Period 2019 - 2029
Historical Data and Forecast of India Dyes & Pigments Market Revenues & Volume By Dyes for the Period 2019 - 2029
Historical Data and Forecast of India Dyes & Pigments Market Revenues & Volume By Pigments for the Period 2019 - 2029
India Dyes & Pigments Import Export Trade Statistics
Market Opportunity Assessment By Product
India Dyes & Pigments Top Companies Market Share
India Dyes & Pigments Competitive Benchmarking By Technical and Operational Parameters
India Dyes & Pigments Company Profiles
India Dyes & Pigments Key Strategic Recommendations