STANDARDIZATION:
paints &
dyes industry is one of the most
developed industries in the world today and it impacts the economies of
countries, therefore for such an industry there are certain standards that have been set by the market, players,
environmental agencies and government from the point of view of their stakes.
While in this article, the focus will be on players and competition.
Players in
this industry have set standards in terms of codes given to different types and
colors of pigments, i.e. there are broadly to types of pigments, one is organic
while the other one is inorganic in which carbon black, tio2 & other falls.
Organic pigments and coloring paint pigments are given certain codes according to their colors and other
different criteria, such as their quality. Industry giants do not belongs
from a specific country as this industry is well established and the market in
now wide open and global. Players from all over the world compete with each
other , but in the recent years , china , India , Iran and other Asian
countries are coming up with very competitive players in terms of quality,
price and variety plus another factor is the value added services , which
includes consultancy as well in terms of explaining and helping the buyers to
choose the finest product according to their needs.
color paint pigments supplier usually play with two variables price and time, as their
laws, labor cost and other factor helps them to fully utilize both variables,
the labor is cheap and readily available in china which help the manufacturers
of pigments and chemicals to fulfill the orders quickly by keeping the price
low as compare to the other players who usually compete on different variables.
China ranked
as number 2nd in terms of economy
in the world, and it is still expanding and going through unprecedented growth,
the competition from there is expected to increase in future and that would be
alarming for the other players as they are fully capable to over throw the
variables on which other players are competing. Therefore it’s about time that players
should come up with innovation and a sustainable competitive advantage to
remain in the market otherwise the ruthless competition will make the other
players a part of history.
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