From cosmetics to paints, dyes and pigments are finding their application in according an attribute to all kinds of materials. The India dyes and pigments market accounts for almost a quarter of the global market and is expected to grow at a CAGR of 11 per cent between 2021 and 2026. The growth of the pigment market is aided by the cosmetic industry growth in the country. The demand for cosmetic products such as skincare, hair-care, and perfume is growing rapidly, giving the Indian cosmetics industry a high boost.
Another major factor driving the growth of the industry is the increasing demand from the paints and coatings industries. Paints and coatings account for a significant share of the market and are estimated to be one of the fastest-growing application sectors. Architectural and decorative coatings account for a major consumption of pigments. Thus, the rising construction and infrastructure activities in the country act as a significant driver for the market. Then there are advanced ink-based liquids that are being extensively employed in 3D printing operations. Many companies are using these liquids on small and mediumscale to manufacture customized spare parts for machines, gourmet food products, and prosthetics.
Thus, widening the applicability of inks and inkbased liquids and pastes is expected to lead the Dyes and Pigments market trends in the future. Given all its uses, the sector also falls under the purview of petroleum-based products, attracting scrutiny due to the increasing effort to reduce carbon footprint. These concerns have encouraged the emergence of bio-based solvents and pigments for exceptional bio-degradable properties. Considering its high growth potential of the segment, several players are vying for their market share.
We studied this industry segment in-depth and have come up with the list of Top 10 Dyes and Pigments Manufacturers who have excelled in their field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd.
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