Product Code: ETC4474465 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India organic pigments market import shipment demonstrated a consistent upward trajectory from 2020 to 2024, with a notable CAGR of 10.0% over the period. The growth rate accelerated between 2023 and 2024, reaching 11.4%, indicating an expanding market with increasing momentum.
The organic pigments market in India is experiencing steady growth due to a variety of factors. As the country`s industrial sector expands, the demand for organic pigments used in various applications, such as paints, coatings, plastics, and textiles, is on the rise. This market`s growth is further fueled by the increasing awareness of environmental sustainability, which has led to a shift towards organic pigments over traditional synthetic alternatives. The India government`s initiatives to promote domestic manufacturing and reduce reliance on imports have also had a positive impact on the organic pigments market. These factors combined with the overall growth of the chemical industry in India make the organic pigments market a promising sector for investment and development.
The organic pigments market in India is growing due to the increasing use of organic pigments in various industries, including paints, inks, and plastics. As the country experiences urbanization and infrastructure development, there is a rising demand for high-quality and long-lasting colors, driving the organic pigments market.
The organic pigments market in India encounters various challenges, including the need for high-quality and stable pigments that can withstand diverse applications and environmental conditions. Achieving color stability and durability can be complex and costly. The market is influenced by fluctuations in the prices of raw materials, such as petrochemical-derived intermediates and specialty chemicals. There is also growing demand for eco-friendly and low-VOC pigment solutions, which can be challenging to develop and produce. Meeting stringent quality standards and environmental regulations while maintaining cost-competitiveness is an ongoing challenge in the India organic pigments market.
The organic pigments market in India encountered challenges during the COVID-19 pandemic due to disruptions in manufacturing and reduced demand in industries such as paints, coatings, and plastics. As these sectors faced slowdowns, the demand for organic pigments declined. However, the market is expected to recover as industrial activities and construction projects resume, driving the need for pigments in various applications. The focus on sustainable and eco-friendly pigments is also likely to contribute to market growth.
Major players in the India organic pigments market include Sudarshan Chemical Industries Ltd., Clariant India Ltd., Meghmani Dyes & Intermediates Ltd., Atul Ltd., and Trust Chem Co., Ltd.
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 Organic Pigments Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Organic Pigments Market Revenues & Volume, 2021 & 2031F |
3.3 India Organic Pigments Market - Industry Life Cycle |
3.4 India Organic Pigments Market - Porter's Five Forces |
3.5 India Organic Pigments Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 India Organic Pigments Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 India Organic Pigments Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Organic Pigments Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and sustainable products |
4.2.2 Growing awareness about health hazards associated with synthetic pigments |
4.2.3 Government initiatives promoting the use of organic pigments in various industries |
4.3 Market Restraints |
4.3.1 High production costs of organic pigments compared to synthetic alternatives |
4.3.2 Limited availability of raw materials for organic pigment production |
4.3.3 Lack of standardized regulations and quality control measures in the organic pigment industry |
5 India Organic Pigments Market Trends |
6 India Organic Pigments Market, By Types |
6.1 India Organic Pigments Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 India Organic Pigments Market Revenues & Volume, By Source, 2021-2031F |
6.1.3 India Organic Pigments Market Revenues & Volume, By Synthetic, 2021-2031F |
6.1.4 India Organic Pigments Market Revenues & Volume, By Natural, 2021-2031F |
6.2 India Organic Pigments Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 India Organic Pigments Market Revenues & Volume, By Azo, 2021-2031F |
6.2.3 India Organic Pigments Market Revenues & Volume, By Pthalocyanine, 2021-2031F |
6.2.4 India Organic Pigments Market Revenues & Volume, By HPPs, 2021-2031F |
6.2.5 India Organic Pigments Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Organic Pigments Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Organic Pigments Market Revenues & Volume, By Printing inks, 2021-2031F |
6.3.3 India Organic Pigments Market Revenues & Volume, By Paints & coatings, 2021-2031F |
6.3.4 India Organic Pigments Market Revenues & Volume, By Plastics, 2021-2031F |
6.3.5 India Organic Pigments Market Revenues & Volume, By Others, 2021-2031F |
7 India Organic Pigments Market Import-Export Trade Statistics |
7.1 India Organic Pigments Market Export to Major Countries |
7.2 India Organic Pigments Market Imports from Major Countries |
8 India Organic Pigments Market Key Performance Indicators |
8.1 Percentage of companies adopting organic pigments in their manufacturing processes |
8.2 Growth in research and development investments in organic pigment technology |
8.3 Number of new product launches using organic pigments |
8.4 Environmental impact assessments conducted by companies using organic pigments |
8.5 Increase in demand for organic pigments in key end-user industries (e.g., paints and coatings, plastics) |
9 India Organic Pigments Market - Opportunity Assessment |
9.1 India Organic Pigments Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 India Organic Pigments Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 India Organic Pigments Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Organic Pigments Market - Competitive Landscape |
10.1 India Organic Pigments Market Revenue Share, By Companies, 2024 |
10.2 India Organic Pigments Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |