Paint Chemical Price Today:

The Indian paint industry is now worth more than INR 62,000 crores (USD 8 billion) (estimated value) and is the major paint economy with the fastest growth rate in the world. Over the past two decades, it has consistently grown by double digits. It is home to more than 3,000 paint manufacturers, including nearly all of the major international brands. 

As an important component of the painting industry, understanding the daily price fluctuations of paint raw materials is crucial for manufacturers and suppliers to make informed decisions to either produce or procure the raw materials required for producing paint. Raw materials such as pigments, resins, solvents, and additives all impact the paint raw material daily Price. 

Small paint manufacturers are initially serving to the lower end of the price points still maintain a size of 30-35% share in the overall paint industry. In the Indian paint industry, the architectural paint out of total 64% share, 36.4% is solvent base paint whereas the industrial paint 26% is solvent soluble paint, rest 5% powder. Total paint together the VOC contributing paint quantity is 63.4% and VOC free product is 36.4% Indian paint marker is approximately Rs. 85 billion, out of this 65 % share goes to organized sectors, and 35% share is from SME sector.

Essential Raw Materials of Paint

Pigments are the most crucial components of paint, determining the color, opacity, and consistency of the paint. Pigments are categorized based on their color and source, and their prices fluctuate based on their availability in the market. Pigment prices can be affected by different environmental, economic, and industrial factors. For instance, some pigments might be sourced from rare earth elements, and their prices can skyrocket if the country that supplies them initiates export restrictions. Organic pigments, like phthalocyanines, are made from crude oil, and as oil prices rise, the price of the pigments increases.

Resins are another raw material that plays a significant role in determining the price of paint. Acrylic resins, for example, are commonly used in water-based paints, while alkyd resins are used in oil-based paints. The raw materials used in producing resins, such as monomers or polymers, can impact the final price of the resins. Additionally, the availability of raw materials, processing costs, and transportation costs also influence the final resin price. We daily come to see changes in the paint raw material daily Price, hence we have to keep our eyes on it for better observation of market.

Solvents are another vital raw material used in paint production. Solvents are added to paint to ensure that it can be applied and spread easily on a surface. Solvents can be sourced naturally, such as from turpentine or citric acid, or artificially, through a manufacturing process. Solvent prices can fluctuate based on global oil prices or the costs of production for natural solvents.

Lastly, additives play a significant role in determining the daily price of paint. Additives can be used to modify the properties of paint, such as increasing or decreasing the paint’s gloss or preventing the growth of mold. The price of additives can depend on the chemical composition, manufacturing process, and availability of the raw materials used in making additives.

Effective Factors of Raw Material Price

 The paint raw material daily Price is affected by numerous and varied factors, such as the availability of raw materials, processing costs, transportation costs, and global economic trends such as oil prices. Manufacturers and suppliers must keep a watchful eye on the market trends and carefully analyze the factors that contribute to the price fluctuation of paint raw materials to stay ahead of the competition. Understanding the impact of raw materials prices on the final cost of paint can help maintain profitability in a highly competitive painting industry.

Prices ( Rs) Per Kg