Paper Dyes Market
October 2023- Sadhana Nitro Chem Ltd. (SNCL) is a leading manufacturer of intermediate specialty chemicals. The company manufactures downstream derivatives of Nitrobenzene with applications across performance chemicals, aerospace, epoxy resin hardeners, pharma & agro, dyes, optical brightening agents, special fibers, and plastic additives. The company is on a high growth trajectory with the guidance of enhanced profitability from new plant commercialization. Recently, the company contracted some facilities, which gotten around escalated downgrading and interest prices. Addressing the profitability impact of the new plants, the company added in an earlier exchange filing. Currently, the revenue produced from the facilities does not completely offset these prices. On the contrary, as the company boosts up volumes, the company predicts that these prices will be absorbed more efficiently, tiling the approach for better productivity, apparent from the company's EBIDTA numbers which are at a promising 20%. While the company witnessed a dip in its sales pricing in Q1FY24 because of China's prompt price reductions (in line with their falling raw material costs), as raw material prices in China stabilize and India catches up with these adjustments, the company will witness these improvements in its profitability margins.
May 2023- US-headquartered ChromaScape has recently announced the acquisition of most of the colorant dye enterprise from chemical solutions supplier Kemira. The economic deals of the contract are yet to be revealed. The deal is part of Kemira's deliberate intention to streamline its portfolio.
List of Key Players in the Paper Dye Market
The most prominent major market players in the paper dye market in the global market are as follows:
- BASF (Germany)
- Archroma (Switzerland)
- Atul Ltd. (India)
- Synthesia(Czech Republic)
- KEMIRA OYJ (Finland)
- Axyntis Group (France)
- Vipul Organics (India)
- Keystone Aniline (U.S.)
- Cromatos (Italy)
- Thermax (India)
- Organic Dyes and Pigments (U.S.)
