Summary

Asia Pacific and Middle East & Africa Colorant Market for Paints & Coating Application Market by Composition (Organic and Inorganic), by Type (Organic, Inorganic), by Technology (Water-borne, Solvent-borne, Powder, and Others), by End Use (Building & Construction, Automotive, Aerospace, Marine, Manufacturing and Others), Forecast to 2032

Market Overview
The Asia Pacific and Middle East and Africa Colorant Market for Paints and Coating Applications is estimated to grow at a CAGR of 6.0% during the research period. The building and construction industry is a major driver of the colorant market for paints and coatings in Asia Pacific (APAC) and the Middle East and Africa (MEA) regions. The rapid speed of urbanization and industrialization in nations such as China, India, and the UAE has resulted in an increase in infrastructure development, which includes residential, commercial, and public projects. This expansion has increased demand for a wide range of paints and coatings, resulting in a greater requirement for colorants that improve the visual appeal, durability, and performance of these coatings. Decorative paints for interior and outdoor surfaces, as well as protective coatings for infrastructure, rely largely on colorants, therefore the construction boom has a significant impact on the industry.
Rapid urbanization in Asia Pacific, particularly China and India, has resulted in a huge increase in residential and commercial development projects. As more people relocate to cities, the demand for housing, office buildings, and retail space has skyrocketed. This increase in construction activity leads to an increased use of paints and coatings, particularly for finishing and ornamental purposes. To obtain the necessary color quality and performance, these paints require a variety of colorants, including pigments. In nations such as Japan and South Korea, where construction is increasing, the desire for high-quality, long-lasting, and environmentally friendly coatings is driving the use of sophisticated colorants that exceed sustainability criteria.

Market Segmentation
The Asia Pacific and Middle East and Africa Colorant Market for Paints and Coatings Application is divided into five segments: composition, type, technology, end-use industry, and geography.
The market is divided into two segments based on composition: organic and inorganic. The inorganic sector had the biggest market revenue share of 92.00% in 2023, and it is estimated to grow at the quickest CAGR of 5.9% throughout the projected timeframe.

The market is divided into two segments based on type: pigments and color concentrates. Among these, the Pigments category had the biggest market revenue share (72.89%) in 2023 and is predicted to increase at a CAGR of 5.7% over the forecast period.
The market is divided into four segments based on technology: water-borne, solvent-borne, powder, and others. The Powder segment had the biggest market revenue share of 42.01% in 2023, and it is estimated to grow at the quickest CAGR of 6.0% over the forecast timeframe.
The market is divided into end-use industries, including building and construction, automotive, aerospace, marine, manufacturing, and others. The Building & Construction segment had the biggest market revenue share of 60.39% in 2023, and it is estimated to grow at the quickest CAGR of 6.0% over the projected timeframe.
The Colorant Market for Paints and Coating Applications is divided into two regions: Asia-Pacific and the Middle East and Africa. The Asia-Pacific region dominated the market in 2023, with a 92.29% share, and is predicted to grow at a CAGR of 6.0% during the forecast period.

Major Players
The Colorant Market for Paints and Coating Applications is dominated by DIC Corporation, Colortek Ltd, Koel Colours Private Limited, COLORIS GCC, Vibrantz Technologies, Alliance Organics LLP, Pidilite Industries Limited, AkzoNobel N.V., Jazeera Paints, and MCI Paints.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 23
2 MARKET INTRODUCTION 31
2.1 DEFINITION 31
2.2 SCOPE OF THE STUDY 31
2.3 RESEARCH OBJECTIVE 31
2.4 MARKET STRUCTURE 32
3 RESEARCH METHODOLOGY 33
3.1 OVERVIEW 33
3.2 DATA FLOW 36
3.2.1 Data Mining Process 36
3.3 PURCHASED DATABASE: 37
3.4 SECONDARY SOURCES: 38
3.4.1 Secondary Research data flow: 39
3.5 PRIMARY RESEARCH: 40
3.5.1 Primary Research DATA FLOW: 41
3.5.2 Primary Research: Number of Interviews conducted 42
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 42
3.6.1 trade Analysis Approach 42
3.7 DATA FORECASTING 43
3.7.1 Data forecasting Technique 43
3.8 DATA MODELING 44
3.8.1 microeconomic factor analysis: 44
3.8.2 Data modeling: 45
3.9 TEAMS AND ANALYST CONTRIBUTION 47
4 MARKET DYNAMICS 49
4.1 INTRODUCTION 49
4.2 DRIVERS 50
4.2.1 Increasing Innovations in Pigment Manufacturing Processes is Expected to Drive the Colorant Market Growth 50
4.2.2 Rising Use of Colorant in the Automotive Industry 51
4.3 RESTRAINT 54
4.3.1 EXCESSIVE SUPPLY OF COLORANT CAN LEADS TO ITS DECREASED PRICES 54
4.3.2 Fluctuating Raw Material Prices 55
4.4 OPPORTUNITY 57
4.4.1 Eco-friendly & Bio-based Colorant 57
4.4.2 Growing Demand for Customizable Paint Solutions 58
4.5 IMPACT ANALYSIS OF COVID-19 59
4.6 IMPACT OF RUSSIA-UKRAINE WAR 61
5 MARKET FACTOR ANALYSIS 62
5.1 SUPPLY/VALUE CHAIN ANALYSIS 62
5.1.1 Participants 63
5.1.1.1 Raw Materials Analysis 63
5.1.1.1.1 Raw Material Selection & Procurement 63
5.1.1.1.2 Quality and Purity Standards 63
5.1.1.1.3 List of Raw Material Suppliers (Company Name, Headquarter, Contact Details, Raw Material) 64
5.1.1.2 Manufacturers 64
5.1.1.2.1 Processing & Production 64
5.1.1.2.2 Formulation & Product Development 64
5.1.1.2.3 List of Manufacturers (Company Name, Headquarters, Contact Details) 64
5.1.1.3 Distributors/ Suppliers 65
5.1.1.3.1 Logistics 65
5.1.1.3.2 Sales and Marketing Strategies 65
5.1.1.3.3 List of Distributors/Suppliers (Company Name, Headquarter, Contact Details) 65
5.1.1.4 End-Users 65
5.1.1.4.1 Customer Needs, Preferences, Pain Points & End-Use Industries 65
5.1.1.4.2 List of Potential Customers (Company Name, Headquarter, Contact Details) 66
5.2 PORTER’S FIVE FORCES MODEL 67
5.2.1 THREAT OF NEW ENTRANTS 68
5.2.2 BARGAINING POWER OF SUPPLIERS 68
5.2.3 THREAT OF SUBSTITUTES 68
5.2.4 BARGAINING POWER OF BUYERS 68
5.2.5 Intensity of RIVALRY 68
5.3 PRICING ANALYSIS, 2018 TO 2032 (USD PER TONS) 69
5.3.1 Factors Impacting Product Pricing 69
5.4 SUPPLY-DEMAND ANALYSIS (2018-2032) 71
5.4.1 Supply analysis 71
5.4.2 Demand analysis 71
5.5 REGULATORY FRAMEWORK 71
5.5.1 Certifications & Standards 71
5.6 TECHNOLOGICAL ADVANCEMENTS AND INNOVATIONS 73
5.6.1 Technology Roadmap 73
5.6.2 Compatibility with Applications 73
5.6.3 Advanced Testing and Analysis 74
5.7 SUSTAINABILITY INITIATIVES IN THE MARKET 76
5.8 BROAD LEVEL GAP ANALYSIS TO UNDERSTAND UNTAPPED AREAS 77
5.8.1 Based on Type 77
5.8.2 Based on End Use Industry 77
5.9 R&D UPDATE 77
5.9.1 Current Scenario 77
5.9.2 Future Roadmap 78
5.9.3 Emerging Applications 78
5.9.4 Potential Market Disruptions 78
5.9.5 Challenges 78
5.9.6 Novel Applications 79
5.9.7 Key Developments 79
5.10 IMPORT-EXPORT ANALYSIS, 2018-2023 79
5.10.1 HS Code: 321290 79
5.10.1.1 Import 79
5.10.1.2 Export 81
5.10.2 HS Code: 3212 81
5.10.2.1 Import 81
5.10.2.2 Export 82
5.11 ANALYSIS ON PERFORMANCE CHARACTERISTICS OF PROTECTIVE COATINGS 83
5.11.1 Lightfastness 83
5.11.2 Chemical Resistance 83
5.11.3 Aesthetic Qualities 83
5.11.4 Others 84
5.12 ADJACENT MARKET ANALYSIS 85
5.12.1 Paints & Coatings Market 85
5.13 PESTEL ANALYSIS 86
6 ASIA PACIFIC AND MIDDLE EAST & AFRICA COLORANT MARKET FOR PAINTS & COATING APPLICATION, BY COMPOSITION 88
6.1 OVERVIEW 88
6.2 ORGANIC 88
6.3 INORGANIC 88
7 ASIA PACIFIC AND MIDDLE EAST & AFRICA COLORANT MARKET FOR PAINTS & COATING APPLICATION, BY TYPE 91
7.1 OVERVIEW 91
7.2 PIGMENTS 91
7.3 COLOR CONCENTRATES 91
8 ASIA PACIFIC AND MIDDLE EAST & AFRICA COLORANT MARKET FOR PAINTS & COATING APPLICATION, BY TECHNOLOGY 94
8.1 OVERVIEW 94
8.2 WATER-BORNE 94
8.3 SOLVENT-BORNE 94
8.4 POWDER 94
8.5 OTHERS 95
9 ASIA PACIFIC AND MIDDLE EAST & AFRICA COLORANT MARKET FOR PAINTS & COATING APPLICATION, BY END-USE INDUSTRY 98
9.1 OVERVIEW 98
9.2 BUILDING & CONSTRUCTION 98
9.3 AUTOMOTIVE 98
9.4 AEROSPACE 99
9.5 MARINE 99
9.6 MANUFACTURING 99
9.7 OTHERS 99
10 ASIA PACIFIC AND MIDDLE EAST & AFRICA COLORANT MARKET FOR PAINTS & COATING APPLICATION, BY REGION 103
10.1 INTRODUCTION 103
• ASIA-PACIFIC 103
• MIDDLE EAST & AFRICA 103
10.2 ASIA PACIFIC 103
10.3 MIDDLE EAST AND AFRICA 103
10.4 ASIA-PACIFIC 106
10.4.1 CHINA 109
10.4.2 INDIA 112
10.4.3 JAPAN 115
10.4.4 SOUTH KOREA 118
10.4.5 INDONESIA 121
10.4.6 AUSTRALIA 124
10.4.7 MALAYSIA 127
10.4.8 THAILAND 130
10.4.9 VIETNAM 133
10.4.10 PAKISTAN 136
10.4.11 REST OF ASIA-PACIFIC 139
10.5 MIDDLE EAST & AFRICA 142
10.5.1 UAE 145
10.5.2 SAUDI ARABIA 148
10.5.3 SOUTH AFRICA 151
10.5.4 KUWAIT 154
10.5.5 OMAN 157
10.5.6 EGYPT 160
10.5.7 REST OF MIDDLE EAST & AFRICA 163
11 COMPETITIVE LANDSCAPE 167
11.1 INTRODUCTION 167
11.2 COMPANY MARKET SHARE ANALYSIS, 2023 (%) 167
11.3 COMPETITIVE BENCHMARKING 168
11.4 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2023 169
11.5 KEY DEVELOPMENTS & GROWTH STRATEGIES 169
11.5.1 New Product Launch/Service Deployment 169
11.5.2 Acquisition 170
11.5.3 capacity expansion 170
11.5.4 agreement 171
12 COMPANY PROFILES 172
12.1 DIC CORPORATION 172
12.1.1 COMPANY OVERVIEW 172
12.1.2 FINANCIAL OVERVIEW 173
12.1.3 PRODUCTS OFFERed 173
12.1.4 KEY DEVELOPMENTS 174
12.1.5 SWOT ANALYSIS 176
12.1.6 Key Strategy 176
12.2 COLORTEK LTD 177
12.2.1 COMPANY OVERVIEW 177
12.2.2 FINANCIAL OVERVIEW 177
12.2.3 PRODUCTS OFFERed 177
12.2.4 KEY DEVELOPMENTS 178
12.2.5 SWOT ANALYSIS 178
12.2.6 Key Strategy 178
12.3 KOEL COLOURS PRIVATE LIMITED 179
12.3.1 COMPANY OVERVIEW 179
12.3.2 FINANCIAL OVERVIEW 179
12.3.3 PRODUCTS OFFERed 179
12.3.4 KEY DEVELOPMENTS 180
12.3.5 SWOT ANALYSIS 181
12.3.6 Key Strategy 181
12.4 COLORIS-GCC 183
12.4.1 COMPANY OVERVIEW 183
12.4.2 FINANCIAL OVERVIEW 183
12.4.3 PRODUCTS OFFERed 183
12.4.4 KEY DEVELOPMENTS 184
12.4.5 SWOT ANALYSIS 184
12.4.6 Key Strategy 185
12.5 VIBRANTZ 186
12.5.1 COMPANY OVERVIEW 186
12.5.2 FINANCIAL OVERVIEW 186
12.5.3 PRODUCTS OFFERed 187
12.5.4 KEY DEVELOPMENTS 188
12.5.5 SWOT ANALYSIS 189
12.5.6 Key Strategy 189
12.6 ALLIANCE ORGANICS LLP 190
12.6.1 COMPANY OVERVIEW 190
12.6.2 FINANCIAL OVERVIEW 190
12.6.3 PRODUCTS OFFERed 190
12.6.4 KEY DEVELOPMENTS 191
12.6.5 SWOT ANALYSIS 191
12.6.6 Key Strategy 191
12.7 PIDILITE 192
12.7.1 COMPANY OVERVIEW 192
12.7.2 FINANCIAL OVERVIEW 193
12.7.3 PRODUCTS OFFERed 193
12.7.4 KEY DEVELOPMENTS 193
12.7.5 SWOT ANALYSIS 194
12.7.6 Key Strategy 194
12.8 AKZONOBEL N.V. 195
12.8.1 COMPANY OVERVIEW 195
12.8.2 FINANCIAL OVERVIEW 196
12.8.3 PRODUCTS OFFERed 196
12.8.4 KEY DEVELOPMENTS 197
12.8.5 SWOT ANALYSIS 198
12.8.6 Key Strategy 198
12.9 JAZEERA PAINTS 199
12.9.1 COMPANY OVERVIEW 199
12.9.2 FINANCIAL OVERVIEW 199
12.9.3 PRODUCTS OFFERed 199
12.9.4 KEY DEVELOPMENTS 199
12.9.5 SWOT ANALYSIS 200
12.9.6 Key Strategy 200
12.10 MCI 201
12.10.1 COMPANY OVERVIEW 201
12.10.2 FINANCIAL OVERVIEW 201
12.10.3 PRODUCTS OFFERed 201
12.10.4 KEY DEVELOPMENTS 201
12.10.5 SWOT ANALYSIS 202
12.10.6 Key Strategy 202