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The India dyes and pigments market attained a value of USD 65.71 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 4.50% to reach USD 102.05 Billion by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Dyes and Pigments Market Growth
Due to the rising demand for organic pigments, they are the dominant type of pigments being produced in India, accounting for 58% of the total pigment production in India. The India dyes and pigments market value is aided by the cosmetic industry growth in the country. Due to improving living standards and evolving lifestyles, the demand for cosmetic products such as skincare, haircare, and perfume is growing rapidly, giving the Indian cosmetics industry a high boost. The cosmetic industry is a major application sector for the pigments market.
The dye industry in India is expected to witness steady growth in the coming years due to environmental crackdowns in China, resulting in a shutdown of several domestic dye companies. India is better placed due to the availability of the ecosystem, feedstock, technology, and compliance required for the industry. Thus, the consumer base of China is likely to shift to India due to these reasons in the coming years.
India Dyes and Pigments Market Report Snapshots
India Dyes and Pigments Market Size
India Dyes and Pigments Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The India dyes and pigments market attained a value of USD 65.71 Billion in 2024.
The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 4.50%.
The major drivers of the industry include the rising disposable incomes, increasing population, rising demand for cosmetics, growing construction and infrastructure activities, increasing demand from the paints and coatings industries, and the rising globalisation and urbanisation.
The rising consciousness among consumers about hygiene and outer appearance, along with product diversification, is expected to be a key trend guiding the growth of the industry.
The major types of dyes are azo dyes, acid direct dyes, disperse dyes, oil soluble, reactive dyes, sulphur dyes, vat dyes, solubilised vat dyes, and food colours. The significant types of pigments are into optical whitening agents, organic pigments, pigment emulsion, and inorganic pigments.
Dyes find their applications in textiles, food, paper, and leather, among others, whereas pigments find applications in paint and coatings, plastics, printing inks, and textiles, among others.
The leading players in the market are Clariant AG, BASF SE, Sudarshan Chemical Industries Limited, Atul Ltd, Asahi Songwon Colors Ltd, AksharChem, Bodal Chemical Ltd, Kiri Industries Limited, Vipul Organics Ltd, and Dynamic Industries Ltd, among others.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 102.05 Billion by 2034.
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