Market Insights
What is Organic Pigment?
Organic pigments are a type of colorant or colouring agent that is derived from organic compounds. These pigments are widely used in various industries, including paints, coatings, plastics, inks, textiles, and cosmetics, to provide colour and visual appeal to products.
Market Dynamics
The organic pigments market is driven by the demand for colorants and dyes in sectors such as paints and coatings, plastics, textiles, printing inks, and cosmetics. These pigments provide vibrant colours, excellent colour strength, and a wide range of shades, making them popular choices for adding colour and visual appeal to various products.
The need for printing inks in packaging films is growing quickly and is driving the demand for the organic pigments market, even though the printing inks market for newspaper and periodical applications has been seeing a reduction in growth due to digitalization. Overall, the organic pigments market is likely to rebound at a promising CAGR of 4.2% from 2023-2028.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Source-Type Analysis
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Synthetic and Natural
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Synthetic is anticipated to remain the biggest demand generator.
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Type-Type Analysis
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Azo, Phthalocyanine, HPPs, and Others
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HPPs are anticipated to remain the biggest demand generator.
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Application-Type Analysis
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Printing Inks, Paints & Coatings, plastics, and Others
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Printing Inks are anticipated to remain the biggest demand generator.
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Regional Analysis
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North America, Europe, Asia-Pacific, and Rest of the World
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Asia Pacific is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.
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Based on Type
The organic pigment market is segmented into Azo, Phthalocyanine, HPPs, and Others. With the lowest decline in demand for profile seals by the pandemic, HPPs are expected to remain the largest in the market during the forecast period as a result of their beneficial characteristics, including high insolubility, glossy effect, high brightness, heat stability, chemical resistance, and color strength. The segment's growth is further aided by rising demand for HPPs as coatings for ships, planes, cars, and other transportation equipment.
End-Use Industry Trends
The market is segmented into paints & coatings, plastics, printing inks, and others. Printing Inks are expected to remain the dominant as well as the faster-growing material type in the market during the forecast period. Owing to their rheological characteristics, optical density, rub resistance, and flow properties, organic pigments are used in printing inks. Jet inks and UV inks both use these pigments.
Regional Analysis
Asia-Pacific is expected to remain the largest market for organic pigments during the forecast period. Rising demand for organic pigments from a variety of end-use industries, including automotive, construction, and packaging, is likely to drive market growth in the Asia-Pacific region. Because the building business is growing in emerging nations and infrastructure investment is rising, more organic pigments will likely be used in the construction industry.
The organic pigments market is segmented into the following categories:
By Source Type
- Synthetic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Natural (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Type
- Azo (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Phthalocyanine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- HPPs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- Printing Inks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Paints & Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Plastics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the organic pigments market:
- BASF SE
- Clariant
- DIC Corporation
- Ferro Corporation
- Lanxess
- Heubach GmbH
- Sudarshan Chemical Industries Ltd
- Trust Chem Co. Ltd.
- Dainichiseika Color & Chemicals Mfg. Co. Ltd.
- DCL Corporation
- Toyocolor Co. Ltd.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s organic pigments market realities, and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
