PUBLISHER: The Business Research Company | PRODUCT CODE: 1409664
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409664
“Organic Pigments Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on organic pigments market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for organic pigments? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The organic pigments market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Organic pigment refers to a colored substance composed of organic compounds possessing pigment qualities. These compounds consist of carbon chains and rings, typically exhibiting characteristics such as brightness, purity, lightweightness, and a high tinting strength. Organic pigments are known for forming strong and stable chemical connections and can be derived from animal, vegetable, and synthetic organic sources.
The main types of organic pigments include azo pigments, phthalocyanine pigments, high-performance pigments (HPPS), alizarin, arylide, and others. Azo pigments are characterized by dye molecules containing a diazo functional group positioned between two aromatic rings. Organic pigments, sourced from both synthetic and natural origins, find applications across various industries, including textile, paints and coatings, automotive, plastics, printing inks, packaging, and others.
The organic pigments market research report is one of a series of new reports from The Business Research Company that provides organic pigments market statistics, including organic pigments industry global market size, regional shares, competitors with a organic pigments market share, detailed organic pigments market segments, market trends and opportunities, and any further data you may need to thrive in the organic pigments industry. The organic pigments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The organic pigments market size has grown strongly in recent years. It will grow from $16.01 billion in 2023 to $17.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historical period can be attributed to factors such as the expansion of the printing inks market, demand from the automotive industry, applications in the textile industry, growth in the plastics industry, and consumer preferences for sustainable products.
The organic pigments market size is expected to see strong growth in the next few years. It will grow to $21.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated growth in the forecast period can be attributed to increased use in packaging inks, a heightened focus on biodegradability and recycling, shifts in color preferences, global economic trends, and the rise of water-based and high-solid coatings. Major trends expected in this period include the integration of digitalization in color matching and production, stringent regulatory compliance and certification, a growing interest in specialty organic pigments, advancements in nanotechnology for pigment development, and the rising popularity of high-performance pigments.
The organic pigments market is expected to witness growth propelled by the expanding textile industry. The textile sector, encompassing the design, manufacture, and distribution of clothing and textiles, relies on organic pigments to provide color, opaqueness, and other desirable features to the products. The use of organic pigments in textiles for dyeing and printing is widespread, contributing to market expansion. In September 2022, Euratex, the European Apparel and Textile Confederation, reported an 11% growth in the textile and garment industry in the EU-27 region, reaching €147 billion in 2021 compared to the previous year. This surge in the textile industry is a significant driver for the organic pigments market.
The organic pigments market is anticipated to experience growth due to the expanding paints and coatings industry. This industry involves the production and application of various substances to protect, decorate, or enhance surfaces, and organic pigments play a crucial role in providing diverse color options for paints. They contribute to the aesthetic appeal of structures, interiors, and exteriors while enhancing durability and UV stability. In April 2022, PPG Industries Inc., a global supplier of paints and coatings, reported a 7% growth in organic sales for paints and coatings. The first quarterly report highlighted a record net sales of $4.3 billion, representing an 11% increase from the previous year. The growth in the paints and coatings industry is a significant factor driving the organic pigments market.
A prominent trend in the organic pigments market is the focus on product innovation by major companies to sustain their market position. For example, Heubach Group, a Germany-based pigment manufacturer, introduced Ultrazur in January 2023-a sustainable range of Ultramarine Blue pigments. The product underwent extensive testing and demonstrated high resistance to heat and light. Utilizing innovative manufacturing techniques, Ultrazur offers excellent dispersibility, particularly suitable for applications involving thin films and fibers. Its production using advanced wastewater and air emissions treatment technologies positions Ultrazur as the 'greenest' Ultramarine Blue on the market.
Major companies in the organic pigments market are developing fluorescent pigments to gain a competitive edge. Fluorescent pigments emit visible light when exposed to ultraviolet light. In March 2023, Day-Glo Color Corp., a US-based paints and pigments company, launched the Elara Luxe pigment collection, featuring rice protein-based fluorescent pigments for cosmetics. Meeting clean beauty standards, Elara Luxe offers an FDA-compliant, all-natural fluorescent pigment sourced from renewable plant materials, addressing the growing demand for sustainable options in the cosmetics industry.
In August 2021, DCL Corporation, a Canada-based pigment manufacturer, acquired Sun Chemical's manufacturing facility, adding high-performance pigments to DCL's portfolio. Sun Chemical, a US-based producer of printing inks and pigments, contributed its quinacridone and perylene product portfolios, along with other specialty products, through this undisclosed acquisition.
Major companies operating in the organic pigments market report are BASF SE, Clariant AG, DIC Corporation, Heubach GmbH, Sudarshan Chemical Industries Limited, Ferro Corporation, Trust Chem Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., Toyocolor Co Ltd., Synthesia AS, Hangzhou Han-Color Chemical Co. Ltd., DCL Corporation, Dominion Colour Corporation, Koel Colours Pvt. Ltd., Vibfast Pigments Pvt. Ltd., Neochem Industries, LANXESS AG, Sun Chemical Corporation, Changzhou Longyu Pigment Chemical Co. Ltd., Pidilite Industries Ltd., Sensient Technologies Corporation, Jeco Group, Xinguang Chemical Group Co. Ltd. , Sanyo Color Works Ltd., Shuangle Chemical Co. Ltd. , Flint Group, Cappelle Pigment NV, Sunshine Pigment Co. Ltd. , Apollo Colors Inc., Ruian Baoyuan Chemical Co. Ltd., Yuhong New Plastic Co. Ltd. , KolorJet Chemicals Pvt. Ltd
Asia-Pacific was the largest region in the organic pigment market in 2023 and is expected to be the fastest-growing region in the organic pigment market report during the forecast period. The regions covered in the organic pigments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the organic pigments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The organic pigment market consists of sales of quinacridone reds, quinacridone blues, quinacridones, dioxazine. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.