Press release
Chromatic Horizons: Forecasting the India Pigment Market (2019-2026)
India Pigment Market
The India Pigment Market is gearing up for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period, and an anticipated market value of US$ 2.95 billion by 2026. This surge is attributed to various factors, including the booming construction and automobile sectors, increased demand for paints and coatings, and a shift from import dependence to export-driven strategies.
Pigment Market Dynamics: A Thriving Landscape
India's pigment market has undergone a significant transformation, evolving from an import-dependent sector to one driven by export. The surge in demand for paints and coatings, particularly in the construction and automobile sectors, is a key catalyst for the market's rapid expansion. The focus on infrastructure rehabilitation, coupled with the influence of modern architecture, further propels India's pigment market forward. Additionally, heightened environmental awareness and a growing sensitivity towards performance standards are fostering innovations in pigment technology.
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India Pigment Market Scope:
The report provides current India Pigment market trends and regional insights in terms of demand, supply, and sales, as well as recent changes in the market. The India Pigment market report focuses on the key drivers and restraints for key players, as well as the current competitive landscape and development prospects. The India Pigment market report provides the most up-to-date market statistics, as well as future developments, size, and emerging trends, allowing you to identify the products and end users that are driving revenue growth and profitability. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin & Sales by Product are all included in this global India Pigment market research report.
Paints & Coatings: Driving Growth
Paints and coatings emerge as the leading end-user industry in the pigment market, accounting for a significant market share and expected to be the fastest-growing segment. Architectural and decorative coatings, in particular, represent the largest consumption of pigments in production. The surge in construction and infrastructure activities in India acts as a major driver for the pigment market.
India Pigment Market Segmentation:
India Pigment Market, by Product:
• Organic Pigment
• Inorganic Pigment
India Pigment Market, by End User:
• Paints & Coating
• Textile
• Printing Ink
• Plastic
• Others
In 2019, Sudarshan Chemicals, Meghmani Organics, and Clariant's India were found to be the top players in the pigments segment. Taken together, these companies hold the largest share of the Indian pigments market.
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Key Players are:
• Aksharchem Ltd
• Asahi Songwon
• Clariant Chemicals
• Colourtex Industries
• Gharda Chemicals
• Kesar Petroproducts
• kiri Industries
• Lona Industries
• Mallak Pigments
• Mazda Colors
• Meghmani Organics
• Phthalo Colors & Chemicals
• Pidilite
• Poddar Pigments
• Sudarshan Chemicals
• Vibfast Pigments Pvt. Ltd
• FX Pigments
• Dev Tech
• Kolortek Industries
• Merck Performance Materials
• BASF S.A.
• Valspar Coatings
Regional Analysis:
India Pigment Region dominated the India Pigment Market in 2022 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the India Pigment Market growth in the region. The India Pigment market report includes a geographic condition of the market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.
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Key Questions answered in the India Pigment Market Report are:
• What is India Pigment Market?
• What is the forecast period of the India Pigment Market?
• What is the competitive scenario of the India Pigment market?
• Which region held the largest market share in the India Pigment Market?
• What are the opportunities for the India Pigment Market?
• What factors are affecting the India Pigment market growth?
• Who are the key players of the India Pigment market?
• Which company held the largest share in the India Pigment market?
• What will be the CAGR of the India Pigment market during the forecast period?
• What key trends are likely to emerge in the India Pigment market in the coming years?
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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