The global Organic Pigments Market size is expected to reach USD 6.10 Billion in 2028 and register a revenue CAGR of 4.9% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by increasing application of these pigments in inks, paints, plastics, and rubbers. Organic pigments are also extensively used as mass colorants in different sectors such as printing inks, paints & coatings, plastic, and textile.
Organic pigments refer to colored materials that are made of organic compounds with pigment properties. These pigments are resistant to sunlight, heat, acid, alkali, and organic solvents. These also have an excellent dispersion property, which, in turn, is set to drive demand among various end-use industries. Organic pigments have bright colors, high tinting strength, and dispersion property. The excellent performance offered by these pigments in terms of durability, color, mobility, and appropriate viscosity to inks is expected to boost revenue growth of the market during the forecast period.
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Top Lading Players:
BASF SE, Clariant AG, DIC Corporation, Heubach GmbH, Sudarshan Chemical Industries, Ferro Corporation, Trust Chem, Toyocolor Co., Ltd., Huntsman Corporation, and The Dow Chemical Company.
Organic Pigments Market Demand:
Organic pigments are used in a wide range of applications such as paints, inks, plastics, and textiles. The demand for organic pigments is influenced by several factors such as the growth of end-use industries, changing consumer preferences, and government regulations.
One of the key drivers of the organic pigments market is the growth of the paints and coatings industry. Organic pigments are used in a wide range of paints and coatings, including automotive coatings, architectural coatings, and industrial coatings. The demand for these coatings is increasing due to the growth of the construction and automotive industries, which is driving the growth of the organic pigments market.
Another factor that affects the organic pigments market demand is changing consumer preferences. Consumers are increasingly demanding eco-friendly and sustainable products, which is driving the demand for organic pigments. Organic pigments are perceived as more environmentally friendly than their synthetic counterparts, which is making them more popular among consumers.
Finally, government regulations can also have an impact on the organic pigments market demand. For example, regulations aimed at reducing the use of hazardous chemicals in products can affect the demand for organic pigments.
Overall, the organic pigments market demand is influenced by several factors, and it is important to keep track of these factors to make informed decisions regarding investments and business strategies in this industry.
Some Key Highlights From the Report:
- In September 2019, Clariant announced the launch of new organic pigments for biodegradable plastics. These new products were launched in order to meet the European Norm 13432 requirements for packaging. The company launched a range of 25 organic pigments for biodegradable plastics for manufacturers and brand owners of consumer goods and packaging. The newly launched organic pigments are expected to boost appeal of organically recyclable packaging and offer more color options. These pigments do not affect the degradability of polymer and are ideal for extensive variety of consumer goods, textiles, and packaging applications.
- Azo segment is expected to account for largest market revenue share in the global organic pigments market over the forecast period, owing to its wide usage in different sectors such as printing inks, paints & coatings, plastic, and textile. These are available in a wide range of colors such as yellow, orange, and red for painting and coating applications.
- Synthetic segment is expected to register a considerable revenue share over the forecast period. End-use industries mainly prefer synthetic organic pigments, owing to various lightfastness property, which, in turn, is expected to drive revenue growth of the segment during the forecast period.
- Paints & coatings segment is expected to account for a significant revenue share in the global organic pigments market. Rising demand for marine coatings, decorative coatings, industrial coatings, and automotive coatings is expected to drive growth of the paints & coatings segment in the upcoming years.
Segments covered in the report:
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
- Azo
- Phthalocyanine
- High Performance
Source Type Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
- Natural
- Synthetic
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
- Printing Inks
- Paints & Coatings
- Plastics
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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