Organic Pigments Market size was valued at USD 2.3 Billion in 2020 and is projected to reach USD 11.04 Billion by 2028, growing at a CAGR of 5.3% from 2022 to 2028.
The fact that organic pigments are environmentally friendly and do not include any toxic elements like iron oxides, titanium dioxide, or cadmium is a primary motivation for their use. The report on the Global Organic Pigments Market provides a comprehensive analysis of the industry. The research includes a detailed analysis of key segments, trends, drivers, constraints, the competitive landscape, and other important market variables.
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Definition of the Organic Pigments Market on a Global Scale
Organic pigment-colored substance is generated from plants with pigment properties. It is a group of insoluble organic compounds with high colour strength that have qualities such as sunlight resistance, flooding resistance, acid resistance, alkali resistance, organic solvents resistance, heat resistance, and excellent dispersion properties. Ink paint, plastics, and rubber all use them. It’s utilised as a filler and reinforcing ingredient in the rubber sector, as well as as a colourant for plastics and synthetic fibres.
Organic pigments are organic solids that are used to colour paints, rubber products, inks, plastic products, and coated printing sizes. They come in a variety of colours, including red, violet, blue, orange, brown, black, green, white, pink, and yellow. They are insoluble physically and chemically unaffected by the substrate where pigments are integrated and have light, heat, tinctorial strength, solvent stability, weathering, and are insoluble physically and chemically undisturbed by the substrate where pigments are incorporated. The primary causes propelling the Organic Pigments Market growth rate are variables such as increasing demand for organic pigment in the pharmaceuticals industry, growing need for bio-based paints and coatings, and an increase in the number of colour shades.
Overview of the Organic Pigments Market in the World
One of the key incentives for the usage of organic pigments is that they are environmentally benign and do not include any toxic elements such as iron oxides, titanium dioxide, or cadmium. Furthermore, the growing use of Organic Pigments Market in the packaging industry to improve packaging aesthetics is propelling the market forward. Organic pigments, on the other hand, are more expensive than inorganic pigments, which may limit market expansion. The market is being driven by rising demand in the paints and coatings sectors, as well as a rise in demand from the textile industry.
Higher production costs due to severe environmental regulations, as well as the superior performance of inorganic pigments over organic pigments, are stifling the Organic Pigments Market’s growth. During the projection period, rapid urbanisation and increased infrastructure investment may boost the market. The Organic Pigments Market is being driven by an increase in demand for organic products as a result of changing customer preferences. Organic pigments are most commonly seen in the food and beverage industry. During the projected period, it is expected to fuel demand for organic pigments. Organic pigments’ high cost is a stumbling block for the global organic pigments market.
The Global Organic Pigments Market is Segmented on the basis of Type, Application, And Geography.
Organic Pigments Market, By Type
• Azo Pigments
• Phthalocyanine Pigments
Organic Pigments Market, By Application
• Printing Inks
• Paints and Coatings
The Global Organic Pigments Market is divided into four regions: North America, Europe, Asia Pacific, and the Rest of the World. Over the estimated period, North America is expected to be the fastest growing market. The regional market is expected to develop due to the explosive growth of the packaging industry, particularly with the growing usage of organic pigments in food and commercial packaging. During the projected period, China, India, Malaysia, Japan, and South Korea are expected to be the region’s major economies.
The “Global Organic Pigments Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Clariant AG, DIC Corporation, BASF SE, Ferro Corporation, Dominion Colour Corporation, Toyocolor Co. Ltd, Heubach GmbH, Trust Chem Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ltd., and Neochem Industries.
• DCL bought Sun Chemical’s production site in Goose Creek, South Carolina, in July 2021. It can supply specialty pigment family members with the best performance, including high chromaticity, dependability, heat resistance, and transparency, for most high-performance applications, such as automobiles, paints and coatings, and engineered plastics.
• Clariant has reached an agreement with Heubach to sell its organic pigments business in June 2021. By 2022, Heubach and SK Capital will have acquired the company, with Clariant owning 20% of the equity.
• Sun Chemical will introduce a lead-free Paliotan VIU pigment range in August 2021 to replace lead components in coating formulations. Paliotan VIU organic pigments are lead-free, and the company offers cutting-edge technology. Mid-yellow, brilliant orange, and lemon yellow are among the colours featured in the newest collection. The newly released pigments combine increased colour and opacity to create high-end formulas with a wide range of ornamental uses.
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