Press release
Global Organic Pigments Market Projected to Grow at 5.6% CAGR, Reaching $22.99 Billion by 2029
Organic Pigments
What Will the Organic Pigments Industry Market Size Be by 2025?
There has been a robust growth in the organic pigments market size in the past few years. This market, which was valued at $17.25 billion in 2024, is expected to escalate to $18.5 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%. This significant growth in the historic period can be linked to the expansion of the printing inks market, growing demand from the automotive industry, use in the textile industry, the rising growth in the plastics industry, and consumer inclination towards eco-friendly products.
What's the Long-Term Growth Forecast for the Organic Pigments Market Size Through 2029?
In the coming years, the organic pigments market is forecasted to experience significant expansion, reaching a market value of $23 billion by 2029 with a CAGR of 5.6%. This projected growth during the forecast period can be linked to factors such as the increasing usage in packaging inks, emphasis on biodegradability and recycling, changes in color preferences, and global economic developments, along with the emergence of water-based and high-solid coatings. Key trends observed during the forecast period include the adoption of digital technology in color matching and production, strict regulations and certification requirements, growing interest in specialty organic pigments, advancements in nanotechnology for pigment development, and the rising demand for high-performance pigments.
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What Are the Key Growth Drivers Fueling the Organic Pigments Market Expansion?
The growth of the organic pigments market is anticipated to be driven by the expanding textile industry. Essentially, the textile sector involves industries supremely focused on the design and manufacturing of clothing, in addition to the distribution and usage of textiles. Textiles are flexible materials composed of a network of synthetic or natural fibers. The coloration, opacity, and other such desirable qualities in textiles are provided by organic pigments. The widespread use of these pigments in the textile industry for dyeing and printing purposes fosters market growth. As reported by Textile World in May 2023-a leading Georgia-based publication specialising in the global textile industry-shipments in the U.S. for man-made fibers, textiles, and apparel, garnered an estimated value of $65.8 billion in 2022, marking an increase from $64.04 billion the previous year. Thus, the growing textile industry positively impacts the growth of the organic pigments market.
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What Are the Key Trends Driving Organic Pigments Market Growth?
The primary trend noted in the organic pigments market is product innovation. To maintain their market stance, large businesses in the industry are concentrating on the creation of novel products. To illustrate, Heubach Group, a Germany-based pigment and specialty materials manufacturer, inaugurated a new selection of sustainable Ultramarine Blue pigments named Ultrazur in January 2023. The latest product range, which excelled in rigorous testing against industry norms, boasts of heat (up to 350° C) and light durability. The unique method applied in the final production phase of Ultrazur assures superb dispersibility, making it ideal for thin film and fiber applications. Ultrazur, manufactured using superior wastewater and air emissions treatment technologies, is heralded as the most eco-friendly Ultramarine Blue available in the market.
How Is the Organic Pigments Market Segmented?
The organic pigments market covered in this report is segmented -
1) By Type: Azo Pigments, Pthalocyanine Pigments, High Performance Pigments (HPPs), Alizarin, Arylide, Other Types
2) By Source: Synthetic, Natural
3) By End-Use: Textile, Paints And Coatings, Automotive, Plastics, Printing Inks, Packaging, Other End-Uses
Subsegments:
1) By Azo Pigments: Monoazo Pigments, Disazo Pigments, Polyaromatic Azo Pigments
2) By Phthalocyanine Pigments: Phthalocyanine Blue, Phthalocyanine Green
3) By High Performance Pigments (HPPs): Bright HPPs, Non-Bright HPPs
4) By Alizarin: Natural Alizarin, Synthetic Alizarin
5) By Arylide: Arylide Yellow, Arylide Orange
6) By Other Types: Quinacridone Pigments, ket*opyrrolopyrrole Pigments, Benzimidazolone Pigments
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Which Companies Are Leading the Charge in Organic Pigments Market Innovation?
Major companies operating in the organic pigments market include 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., 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.
Which Regions Are Leading the Global Organic Pigments Market in Revenue?
Asia-Pacific was the largest region in the organic pigment market in 2024 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
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