Organic Pigments Market Analysis | 2023-2028

Market Insights

The organic pigments market was estimated at USD 5.7 billion in 2022 and is likely to grow at a CAGR of 4.22% during 2023-2028 to reach USD 7.31 billion in 2028.

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Market Dynamics

Introduction

Organic pigments are a type of colorant or coloring 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 color and visual appeal to products.

Market Drivers

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 colors, excellent color strength, and a wide range of shades, making them popular choices for adding color 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 ink market for newspaper and periodical applications has been seeing a reduction in growth due to digitalization.

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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.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By 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.

By End-Use Industry Type

The market is segmented into paints & coatings, plastics, printing inks, and others. Printing Inks are expected to remain the dominant as well as the fastest-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 Insights

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.

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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 in helping market participants and investors identify the low-hanging fruits available in the market and formulate 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, Service 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 the existing and new players.
• Key success factors.

The organic pigments market is segmented into the following categories.

By Source Type

• Synthetic
• Natural

By Type

• Azo
• Phthalocyanine
• HPPs
• Others

By Application Type

• Printing Inks
• Paints & Coatings
• Plastics
• Others

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)

Report 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.