The Indian Dyes and Pigments Industry is witnessing tremendous growth in recent years bolstered by the growth in the Indian Pigments Industry, which now accounts for around 60% share in this segment and generating a total production volume of approximately 140 million tons in the F.Y. 2021. Moreover, experts' outlook on this industry seems optimistic, with a forecasted CAGR of 11% until 2026.
The Indian Pigments Industry has started witnessing a proliferation in the Quantity Demanded of Organic Pigments post-2015, leading to organic pigments holding a significant share of more than 50% in the Total Production of the Indian pigments industry. The growth in this industry is augmented by the growth in the Cosmetics and Skin Care industry domestically and globally. The expert's outlook seems optimistic based on the increase in the standard of living, which would lead to growth in the Skin Care industry, which depends on the pigments industry to fulfil its raw material requirements.
On the other hand, the Dyes industry is projected to witness stable growth aided by the effects of the Covid-19, which has led to the closure of many dye production units in the Asian Country, especially in the Chinese Markets. India presents itself as one of the most potent alternative markets aided by a conducive ecosystem and feedstocks and the technology needed for this industry.
The majority of the Demand, close to 55%, is from the textiles industry, where dyes and pigments find their application at various stages of production cycles, then comes the Food sector, which accounts for about 18% share and holds the second position, which is then followed by the paper industry. These three sectors together account for 80% of the Demand.
The dyes industry can be bifurcated into reactive, food colours, oil-soluble, reactive, sulphur, acid direct, VAT, etc.; this finds its application in the Textile, food, leather industry, and many others.
The pigments can be bifurcated into four major types: optical whitening agents, Organic Pigments, Pigment Emulsion, and inorganic pigments applied in the plastic, printing inks, textile sectors, and many others.
2,4-Di Tertiary Butyl Phenol (2,4-DTBP)
2-AcetoAcetoxyEthyl Methacrylate Ester (AAEMA)