The company expects to generate major interest from global customers for its complete range of Pigment Powders, Pigment Dispersions and Universal Stainers.
Vipul Organics, the Specialty Chemicals Company in the pigments and dyes segment, participated at the American Coatings Show, at Indianapolis, USA from April 30 to May 02, 2024. The American Coatings Show is a biennial trade show and technical conference dedicated to serving as a global business platform and educational forum for the paint and coatings industry, offering a complete spectrum of current and future trends and technologies. Vipul Organics was elated to showcase its product range for the paints and coatings industry at this global show and the team also met existing and potential global customers.
For the Paints and Coatings Segment, Vipul Organics already has a huge bouquet of Pigment Powder and Pigment Dispersions, under the brand name SunTone. SunTone is available for a wide spectrum of colours for Decorative Paints, Architectural Coatings, Industrial Paints and Automobile Coatings. In addition, Vipul Organics also has Universal stainers for the Paints industry.
“Every two years, at the American Coatings Show, the global leaders in the category come together to understand the latest that is happening in the segment. It provides an exceptional opportunity for exchanging knowledge and showcasing innovation as it brings together industry peers and customers on a common platform. We are hopeful of getting a favourable response from customers as we showcase our complete range for the Paints and Coatings Industryâ€, said Mihir V Shah, Executive Director, Vipul Organics.
The Paints and Coatings market is projected to grow from $ 190.1 billion in 2022 to $ 223.6 billion by 2027, at a CAGR of 3.3 per cent. Paints and Coatings industry is categorised into two end use industry types: Decorative (Architectural) and Industrial Paints and Coatings.
Around 30 per cent of Vipul Organics’ topline already comes from the Paints segment. Vipul Organics currently has some of the best manufacturing facilities for Pigments in India. In addition, the company is undertaking major capacity expansion and by the FY 2025-26, it will be amongst the largest integrated Pigment manufacturers in the world. It is expected that the paints and coatings segment will grow by 25 per cent over the next few years for Vipul Organics.