Press release
Global Organic Pigments Market Size, Share, Forecasts 2023 - 2033 | Top key players: Huntsman Corporation, Heubach GmbH, Sun Chemical, Dainichiseika Colour & Chemicals Mfg Co Ltd, Ferro Corporation, Kemira, Atul Ltd, Toyocolor Co., Ltd., Lanxess, and Othe
Global Organic Pigments Market Size
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The organic pigments market is the industry that produces and sells pigments made from organic compounds. Organic pigments are colorants made from carbon-based compounds used in diverse industrial sectors. They are known for their vibrant colors, light fastness, and stability. They are used in many applications, including printing, paints, plastics, cosmetics, and textiles. There are continuous innovations in the market which are expected to be driven by the growing demand for enhanced aesthetics in printing inks for better marketing. The creation of ecologically friendly products, the development of robust technical service skills, and the formation of strategic alliances throughout the value chain represent lucrative market growth opportunities. The demand from the paints and coatings industry for decorative and protective purposes which includes UV radiation protection, heat resistance, and protection against environmental factors such as water, alkaline, and acids, is driving the organic pigments market. On the contrary, the increased production cost of organic pigments and the superiority of inorganic pigments over organic ones are restraining the market growth.
The segment dominated the market with the largest market share in 2023 and is anticipated to witness significant CAGR growth during the projected timeframe.
Based on the type, the organic pigments market is classified into azo, pthalocyanine, HPPs, and others. Among these, the azo segment dominated the market with the largest market share in 2023 and is anticipated to witness significant CAGR growth during the projected timeframe. This is attributed to the extensive use of azo pigments because of their strong lightfastness, chemical stability, and vibrant colors.
The printing inks segment held the largest revenue share of the organic pigments market and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the organic pigments market is classified into printing inks, paints & coatings, plastics, and others. Among these, the printing inks segment held the largest revenue share of the organic pigments market and is expected to grow at a significant CAGR during the forecast period. Organic pigments are being employed more and more in printing inks for a variety of applications, including textiles, publishing, labels, and packaging, thereby propelling market growth.
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North America is estimated to hold the largest share of the organic pigments market over the forecast period.
North America is estimated to hold the largest share of the organic pigments market over the forecast period. The increased demand for bio-based paints and coatings is driving the organic pigments market. The widespread application of organic pigments in plastics, printing inks and construction sector is driving the market growth.
Asia Pacific is predicted to grow at the fastest CAGR in the organic pigments market over the forecast period. The increasing need for sustainable products as well as government support for the use of environmentally friendly products is promoting market growth. The rapid urbanization and infrastructure development in countries like China and India are contributing to propelling market growth.
Major key players in the global organic pigments market include BASF SE, Sudarshan Chemical Industries Ltd, Clariant, Trust Chem, DIC Corporation, Hangzhou Han-Color Chemical Co. Ltd., Huntsman Corporation, Heubach GmbH, Sun Chemical, Dainichiseika Colour & Chemicals Mfg Co Ltd, Ferro Corporation, Kemira, Atul Ltd, Toyocolor Co., Ltd., Lanxess, and Others.
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Key Target Audience
Market Players
Investors
End-users
Government Authorities
Consulting And Research Firm
Venture capitalists
Value-Added Resellers (VARs)
Recent Developments
In January 2023, Heubach Group, a global leader in inorganic and organic pigments and comprehensive color solutions launched its new product line Ultrazur at PlastIndia 2023 - a range of Ultramarine Blue pigments in four shades from greenish to reddish for a variety of standard and demanding applications.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the organic pigments market based on the below-mentioned segments:
Global Organic Pigments Market, By Type
Azo
Pthalocyanine
HPPs
Others
Global Organic Pigments Market, By Application
Printing inks
Paints & coatings
Plastics
Others
Global Organic Pigments Market, By Regional Analysis
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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