Organic Pigments Market: Hitting New Heights between the Forecast Period 2020 -2026 | BASF SE, Clariant AG, DIC Corporation, and more.

Organic Pigments market is expected to observe growth by virtue of its utilization in different end-use industries, including printing inks, paints, and coatings, plastics, textile, and rubber. Recent stringent government regulations against the use of metallic content pigments are the major factor for growth in the organic pigments sector. In line with this, urbanization and rising infrastructure spending are expected to propel the market growth over the forecast years. They are also employed in several high-tech applications such as optoelectronic display, optical data storage, which is expected to create significant growth opportunities over the forecast years.

According to the current analysis of Reports and Data, the global Organic pigments market was valued at USD 3.47 Million in 2018 and is expected to reach USD 5181.57 Million by the year 2026, at a CAGR of 5.1%.

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However, their high cost and limited availability of raw material are the major factors that limit market growth. Although the market has reached the maximum potential in the North American and European regions, the market is anticipated to witness a small growth as major market players are aiming at designing and developing products in sync with continuously changing requirements for evolving technologies. However, constant changes in raw material prices is likely to be a major restraint for market growth. They are more expensive than inorganic pigments, which is a major factor acting as a restraint for the growth of the market.

The organic pigments market is much fragmented and includes a large number of manufacturing and chemical giants as well as emerging players. Add to it , the emerging players have a good opportunity to enter the organic pigments market, owing to developments in the market and high demand from end-use industries. The usage of HPPs is increasing as they have more lightfastness, fastness to chemical exposure, weather fastness and heat stability than conventional pigments. They also possess properties like high color fastness and insolubility. Superior properties like these make organic pigments suitable for applications in automotive and decorative coatings, which require excellent light and weather fastness.

Companies considered and profiled in this market study
BASF SE, Clariant AG, DIC Corporation, Heubach GmbH, and Sudarshan Chemical Industries Ltd., Ferro Corporation, and Trust Chem, Dow Chemical Company, Huntsman Corporation, Nippon Kayaku, Toyocolor.

For the purpose of this report, Reports and Data has segmented the Organic Pigments market on the basis of type, source, application, and region:

Type (Revenue, USD Million; 2016-2026)
Azo Pigments (Monoazo, Diazo)
Phthalocyanine Pigments
High Performance Pigments
Others

Source (Revenue, USD Million; 2016-2026)
Natural
Synthetic

Application (Revenue, USD Million; 2016-2026)
Printing Inks
Paints & Coatings
Plastics
Others

Regional Outlook (Revenue in USD Million; 2016-2026)
North America
Europe
Asia Pacific
Middle East & Africa
South America
Latin America

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Further key findings from the report suggest
1. Launch of new products in the market is expected to propel the market growth by 2016. For instance, Clariant two new products for inkjet application, named Ink Jet Magenta E-S VP6057 and Ink Jet Orange GR VP6102.

2. Owing to the increasing demand for HPP, development of organic HPPs for specific applications is an opportunity for emerging market players.

3. Azo segments are expected to drive the growth of the market owing to economical pricing and availability of different colors.

4. The paints & coatings segment has grown considerably owing to the rise in infrastructure development in developing economies such as India and China.

5. The North America regional segment is expected to grow significantly over the forecast years owing to the rise in demand for organic pigments from the construction industry

6. Since, Organic pigments are costlier than inorganic pigments; this limits its market in industries such as paints & coatings which are not subject to government regulations.

Go through our meticulously drafted TOC, Tables, Statistics, Charts, and Company profiles: - https://www.reportsanddata.com/report-detail/organic-pigments-market

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