An Above Average CAGR Estimated To Be Maintained By Organic Pigments Market During 2031
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Organic pigments are artificially synthesized carbon compounds that are used to impart color to substances. They impart transparent colors as opposed to inorganic ones, which produce opaque colors. The shift from heavy, metal-based, inorganic pigments will continue to benefit market growth. These pigments have a better environmental profile than inorganic pigments, and give vivid colors, particularly to printing inks.
Continuous advances in the market are expected to be powered by increasing need for enhanced aesthetics in product packaging for better marketing. As a result, rising production of advertising and packaging leaflets will propel demand for organic pigments in the near future.
A surge in construction spending with escalating demand for decorative coatings in the construction sector will also positively affect the growth of the market.
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Key Takeaways from Market Study
Global organic pigments market to top US$ 6 Bn by 2031.
Azo pigments projected to reach around US$ 2.5 Bn by 2031.
Phthalocyanine pigments projected to record above 4% CAGR over next 10 years.
Market in Europe to record 3% CAGR over forecast period of 2021- 2031.
U.S. market likely to expand at CAGR of 4% by 2031.
Asia Pacific is the most lucrative region and will generate over 50% revenue by 2031.
Market in Latin America projected to expand at above 4.5% CAGR over the decade.
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Key Segments Covered in Organic Pigments Industry Research
Organic Pigments for Printing Inks
Organic Pigments for Paints & Coatings
Organic Pigments for Textiles
Organic Pigments for Decorative Coatings
Organic Pigments for Plastics & Rubber
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The global market has witnessed a paradigm shift by companies over the past decade, from heavy and metal-based to environmentally friendly alternatives. Recently, the market has witnessed a new range of high-performance pigments in the field of organic pigments.
As a result of highly successful R&D programs in the recent past, the market is witnessing a full-color range of organic pigments such as phthalocyanine blues and greens, azo yellows, oranges and reds, indanthrone blues, isoindoline yellows, benzimidazolone, anthanthrone, DPP & quinacridone reds, and others.
In 2019, Clariant launched new organic pigments for biodegradable plastics. Intended to offer more color options and increase the attractiveness of organically recyclable packaging, these new organic pigments are intended for polymers that meet the requirements of European Standard 13432 for packaging recoverable by industrial composting and biodegradation.
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