Published on September 8, 2014

Industry analysts said that the fall in the traditional manufacturers in India has reduced the growth of dyes and pigment industry. They added that this month, major players will increase prices for numerous pigments and dyes by up to 15 percent due to the current market situation, significantly higher raw materials costs and rising cost of environment has resulted in this hike. Market players said that the market for pigments and dyes is escalating due to higher coloring needs of a wide range of end-use industries, ranging from paints and coatings to construction. The use of pigment and dyes anticipated to increase as paints with increased use of effects reach the refinish market.

Recent research report said that this fiscal dyes and pigment market is growing steadily and double digit rates owing to good consumption prospects from construction market. According to this report presently pigment manufacturers remain focused on the automotive and industrial coatings markets to grow their business. Currently manufacturers are evolving new products as per customer requirement which will deliver optimum value for customer and will enhance the volume of sales.