The Indian Dyes & Pigments market is anticipated to grow at a substantial CAGR of 11% during the forecast period. The increasing demand for organic pigments, as they are the most common type of pigment produced in India, accounting for approximately 58% of total pigment production is the major driver for the growing demand for dyes and pigments in India. The country’s cosmetics industry is majorly assisting in the growth of the pigments market in the region as the cosmetics industry is a significant application sector for pigments. The demand for cosmetic products such as hair care skin care, and perfumes are increasing rapidly due to rising living standards and changing lifestyles, therefore boosting the Indian cosmetics sector therefore accelerating the growth of the Indian dyes and pigments market. Further, due to environmental crackdowns in China, that have resulted in the closure of several domestic dye companies, therefore the dyes industry in India is expected to grow steadily in the coming years. With the proper availability of ecosystem, technology, and industry compliance, India is better positioned in the dyes and pigments market and this a result China's consumer base is likely to shift to India in the coming years.

The Indian Dyes & Pigments Market is segmented based on types and applications. Based on the types, the market is further classified as dyes and pigments. Where dyes are segmented into reactive dyes, disperse dyes, acid dyes, others (Vat, Direct). And pigments are segmented into titanium dioxide, inorganic pigments, organic pigments. Further, based on the application the market is classified into textile, paints & coatings, plastics, leather, construction, others (paper, printing ink).

The key players of the market include BASF SE, Sudarshan Chemical Industries Ltd., Kiri Industries Ltd., Tata Pigments Ltd among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In March 2018, Sudarshan Chemical Industries Ltd has invested Rs 100 crore in its Roha pigments manufacturing facility to expand and upgrade it. Around 40% of this investment was raised through internal accruals. The expansion includes the construction of a high-performance pigment plant to serve the automotive coatings and high-end plastics industries. 

Research Methodology

The market study of the Indian Dyes & Pigments market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Indian Dyes & Pigments Market Research and Analysis by Type
2. Global Indian Dyes & Pigments Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the Indian Dyes & Pigments market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Indian Dyes & Pigments market.
• Insights about market determinants that are stimulating the Indian Dyes & Pigments market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.