Organic Pigments Market Research Report Information By Type (Anthraquinone, Phthalocyanine, Azo, Quinacridone), By End-user (Textile, Plastics and Polymer, Paints and Coatings, Printing and Packaging), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
ID: MRFR/CnM/1155-HCR | 143 Pages | Author: Chitranshi Jaiswal | October 2023
Speak to Analyst
Request a Free Sample
Global Organic Pigments Market Overview
The Organic Pigments Market Size was valued at USD 12.25 Billion in 2022. The Organic Pigments industry is projected to grow from USD 18.99 Billion in 2023 to USD 66.20 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 23.47% during the forecast period (2023 - 2030).Organic pigments are carbon compounds that are made synthetically. The natural pigments are available through animals and flowers. The natural pigments come in a different range of deep colours. Rose, crimson, and deep red carmine are some of the colours of these natural pigments. However, there are some toxins in these natural pigments. Due to this, demand for the market is surging. There are plenty of exceptional features of these organic pigments that raise their need. High water solubility and organic solvents are some of the benefits of these pigments. The organic pigments are made from acids, petroleum compounds, and other chemicals. Industries these days prefer these organic pigments that are effortless to produce. Chemical stability, resistance, light fastness, excellent transparency, and bright color are properties of organic pigments.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Organic Pigments Market Trends
-
Growing usage of organic pigments in the printing inks sector
Organic pigments are commonly employed in the printing ink application due to rules and activities such as FFDCA, Code of Federal Regulations (CFR), and Generally Recognized as Safe (GRAS) in the food packaging application. Printing inks make advantage of the optical density, rub resistance, and rheological and flow qualities of organic pigments utilized in jet inks and UV inks. The printing ink market in newspaper and periodical applications has been dropping due to digitalization; nevertheless, the demand for printing inks in the packaging application is increasing rapidly.
Organic Pigments Market Segment Insights
Organic Pigments Type Insights
The market segmentation, based on Type, includes Anthraquinone, Phthalocyanine, Azo, and Quinacridone. The Anthraquinone segment may dominate the market. Anthraquinone is a class of organic compounds that has excellent color properties, and it is widely used in the production of organic pigments. Anthraquinone pigments offer excellent color strength, lightfastness, heat stability, and weather resistance, which makes them suitable for use in a wide range of applications, including paints, coatings, plastics, printing inks, and textiles. They are also non-toxic and environmentally friendly, which further enhances their appeal.
Organic Pigments End-user Insights
Based on End-user, the market segmentation includes Textiles, Plastics and polymers, Paints and Coatings, Printing and Packaging. The Paints and Coatings application is holding the largest market share. The demand for organic pigments in the paints and coatings industry is driven by the growing demand for high-quality paints and coatings in various end-use industries such as automotive, construction, and packaging. The use of organic pigments in paints and coatings provides benefits such as excellent color properties, good lightfastness, and high resistance to chemicals, heat, and weathering.
Figure 2: Organic Pigments Market, by Type, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Organic Pigments Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific is currently the dominant region in the market. The region accounts for the largest share of the market in terms of both production and consumption. The growth of the market in the Asia Pacific region is driven by several factors, such as the rapid growth of the construction and automotive industries, increasing demand for consumer goods, and rising population and urbanization. These factors have led to high demand for paints, coatings, plastics, and other products that use organic pigments. China is the largest producer and consumer of organic pigments in the region, and the country is expected to continue to dominate the market in the coming years. India, Japan, South Korea, and other countries in the region are also significant contributors to the growth of the market. The increasing focus of the governments in the region on infrastructure development, industrialization, and urbanization are expected to further drive the demand for organic pigments in the region. Additionally, the availability of low-cost labor and raw materials in the region makes it an attractive destination for the production of organic pigments, further boosting the growth of the market.
Figure 3: ORGANIC PIGMENTS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Organic Pigments Key Market Players & Competitive Insights
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Organic Pigments industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Organic Pigments industry to benefit customers and expand the market sector. Major market players, including BASF, Synthesia, Trust Chem Co Ltd, Sudarshan Chemical Industries Limited, DIC Corporation, and others are attempting to increase market demand by funding R&D initiatives.
BASF produces and offers petrochemicals, performance materials, intermediates, monomers, performance chemicals, dispersions and pigments, catalysts, coatings, and care chemicals. It conducts its operations through six business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, and Agricultural Solutions. The company serves energy and resources, transportation, construction, electronics, consumer goods, health and nutrition, and agriculture industries.
Synthesia is a technology business that offers a web-based platform for generating videos with AI avatars and voices. Languages, AI avatars, video templates, closed captioning, and more features are available. The organization caters to the training, support, and marketing industries.
Key Companies in the Organic Pigments market include
-
Dainichiseika Color & Chemicals Mfg. Co. Ltd
-
BASF SE
-
-
Trust Chem Co. Ltd
-
Sudarshan Chemical Industries Limited
-
-
Toyocolor Co. Ltd
-
Changzhou Longyu Pigment Chemical Co. Ltd
-
Ferro Corporation
Organic Pigments Industry Developments
June 2021: DIC Corporation and Sun Chemical finalized the acquisition of BASF’s pigments business, popular as BASF Colors and Effects (BCE). This acquisition is expected to help enlarge Sun Chemical’s pigment range, including those of cosmetics, electronic displays, inks, coatings, plastics, and specialty applications, by offering an even broader range of versatile solutions.
Organic Pigments Market Segmentation
Organic Pigments Type Outlook
-
Anthraquinone
-
Phthalocyanine
-
Azo
-
Quinacridone
Organic Pigments End-User Outlook
-
Textile
-
Plastics and Polymer
-
Paints and Coatings
-
Printing and Packaging
Organic Pigments Regional Outlook
-
North America
-
US
-
Canada
-
-
Europe
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
-
Report Scope:
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 12.25 Billion |
| Market Size 2023 | USD 18.99 Billion |
| Market Size 2030 | USD 66.20 Billion |
| Compound Annual Growth Rate (CAGR) | 23.47% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2018 & 2022 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, End-User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Dainichiseika Color & Chemicals Mfg. Co. Ltd, BASF, Synthesia, Trust Chem Co Ltd, Sudarshan Chemical Industries Limited, DIC Corporation, Toyocolor Co Ltd, Changzhou Longyu Pigment Chemical Co. Ltd, Ferro Corporation |
| Key Market Opportunities | Widening the scope of application of organic pigments in the electronics industry |
| Key Market Dynamics | The growing use of the product in the paints & coatings, plastics, and textile industries Increasing demand for organic pigments |
Frequently Asked Questions (FAQ) :
The Organic Pigment market size was valued at USD 12.25 Billion in 2022.
The market is projected to grow at a CAGR of 23.47% during the forecast period, 2023-2030.
Asia Pacific had the largest share of the Organic Pigments market.
The key players in the market are Dainichiseika Color & Chemicals Mfg. Co. Ltd, BASF, Synthesia, Trust Chem Co Ltd, Sudarshan Chemical Industries Limited, DIC Corporation, Toyocolor Co Ltd, Changzhou Longyu Pigment Chemical Co. Ltd, Ferro Corporation.
The Anthraquinone category dominated the market in 2022.
Paints and Coatings had the largest share in the market for Organic Pigments.
Key Questions Answered
- ✅Global Market Outlook
- ✅In-depth analysis of global and regional trends
- ✅Analyze and identify the major players in the market, their market share, key developments, etc.
- ✅To understand the capability of the major players based on products offered, financials, and strategies.
- ✅Identify disrupting products, companies, and trends.
- ✅To identify opportunities in the market.
- ✅Analyze the key challenges in the market.
- ✅Analyze the regional penetration of players, products, and services in the market.
- ✅Comparison of major players’ financial performance.
- ✅Evaluate strategies adopted by major players.
- ✅Recommendations
Why Choose Market Research Future?
- ✅Vigorous research methodologies for specific market.
- ✅Knowledge partners across the globe
- ✅Large network of partner consultants.
- ✅Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- ✅Trusted by fortune 500 companies/startups/universities/organizations
- ✅Large database of 5000+ markets reports.
- ✅Effective and prompt pre- and post-sales support.
Leading companies partner with us for data-driven Insights.
