Bulletin Updates
Indian pigment production: On a high, and Sudarshan Chemicals is a big gainer – 3 Jun 2021
Jun 03, 2021
Indian pigment production has increased at ~8% CAGR in FY13-19 compared to global growth of 3-4%. This was on the back of: 1) strong demand from domestic end users, 2) global consolidation and exits of top players like BASF, Clariant to focus on different priorities besides unfavourable economies of scale and 3) diversification of end user’s preference to India from China due to supply disturbances amid recurring issues like pollution concerns, US-China trade war and now Covid.
Apart from the above factors, the company's focus on fast growing organic segment (~84% of domestic production), cheap labour, strong technical capability and chemistry knowledge are add-on advantages for the Indian players.
And this is where Sudarshan scores
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