Organic Pigments Market:
Growth opportunities in the organic pigments market look promising over the next six years. This is mainly due to the prompting growth in the plastic industry, increased demand for eco-friendly packaging, changing consumer preference for plastic products, and the surging use of organic pigments across various industries including cosmetics, construction, plastics, textiles and electronics.
Organic Pigments Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increasing use of organic pigments in different industries such as textile, plastics, paints & coating, electronics, construction, automotive, cosmetics, and personal care because of their better transparency, gloss, high coloring strength, and chemical stability is a key factor that is expected to boost the organic pigment market over the forecast period. Rapid growth in the plastic industry, altering consumer preference for plastic packaged products, integrated with the strong demand for eco-friendly packaging is also anticipated to propel the organic packaging market size. Moreover, various beneficial features of organic pigments, including good chemical resistance, bright and strong color, and light fastness, further augment the growth of the global organic pigments market. On the other hand, the higher cost of organic pigments than the inorganic pigments is predicted to hinder the market growth of organic pigments.
Application Segment Drivers
Based on application, the market is segmented into printing inks, paints & coatings, plastics, and others. The paint & coatings application is anticipated to lead the market owing to the rapid growth in the demand for automotive, decorative, textile painting, marine, and industrial coatings. Also, the use of organic pigments in decorative coatings, particularly in the construction industry because of the environment-friendly and cost-effective solutions, further aids the growth of the market.
Type Segment Driver
Based on type, the market is segmented into azo pigments, high performance pigments, phthalocyanine pigments, and others. The high performance pigments is projected to expand at a faster CAGR during the forecast period because of the beneficial properties like heat stability, glossy effect, colour strength, high brightness, high insolubility, and resistance to many chemicals. Moreover, the augmenting demand of HPPs for the coatings of aircraft and ships, cars and trains is further strengthening the segment growth.
Regional Drivers
On the basis of region, Asia-Pacific is projected to dominate the organic pigments market over the forecast period. This is mainly due to the rapid urbanization and growth in the number of industries such as construction, textile, plastic, and packaging in the developing economies, including India, China, Japan, and South Korea in the region. On the other hand, North America is expected to expand at a faster CAGR in the organic pigments market because of the augmenting demand for sustainable packaging and eco-friendly painting & coating solutions among customers in the region.
Organic Pigments Market’s leading Manufacturers:
- Solvay SA
- Toyocolor Co. Ltd.
- Clariant International Ltd.
- DCL Corporation
- DIC Corporation
- Sudarshan Chemical Industries Limited
- Dainichiseika Color & Chemicals Mfg. Co. Ltd.
- Ferro Corporation
- Clariant International Ltd.
- Heubach GmbH
Organic Pigments Market Segmentation:
Segmentation by Type:
- Azo Pigments
- Phthalocyanine Pigments
- High Performance Pigments
- Others
Segmentation by Application:
- Printing Inks
- Paints & Coatings
- Plastics
- Textile
- Cosmetics
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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