Published on October 20, 2014

Industry analysts said that due to current market position and fall in raw material prices market players are planning to lessen the prices for dyes and pigment. Further the trimming of prices will be done mainly for those chemicals which are primarily used as raw materials in the coatings and paints as well as in the printing and plastics industries. They added that dyes and pigment market has got an immense potential as emerging current market is escalating with rapid pace in India

Source said that this fiscal consumption of this sector is escalating with rapid swiftness due to increase in the end user market. Market players are working on the research and development and efforts are being made for expanding their product offerings and technologies geared towards sustainability.

In India automobile and textile market is escalating which is creating the demand for inorganic pigment in market. The global synthetic dye and pigment industry is expected to reach almost 10 million tons by 2017.

High-performance, metal-based inorganic pigments demand is growing with a good swiftness which is escalating the demand of this sector in India. Recently a research report said that in Asian countries such as India and China pigment and dyes market is growing on positive note. Dyes and pigment market is adding colour to everything such as paint, plastic, textile, rubber etc. Industry experts believe that in next five years the growth prospects of dyes and pigment in India looks quite bright because of plenty improvement in end user industries.`