The global organic pigments market reached US$ 5,610.12 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 8,412.56 million by 2030. The market is growing at a CAGR of 4.6% during the forecast period (2023-2030).
The natural organic pigments type segment is expected to hold more than 35% of the market share during the forecast period and in Asia-Pacific, China is accounting for over 60 % of the regional market share.
The global organic pigments market is a segment of the larger chemical industry and is primarily driven by the increasing demand for high-performance pigments in various applications such as coatings, plastics, printing inks, and textiles. Organic pigments are synthetic or naturally occurring compounds that impart color to the materials they are added to and are widely used to enhance the aesthetics of consumer products.
Metrics |
Details |
CAGR |
4.6% |
Size Available for Years |
2021-2030 |
Forecast Period |
2023-2030 |
Data Availability |
Value (US$) |
Segments Covered |
Type, Application, Source and Region |
Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
Fastest Growing Region |
Asia-Pacific |
Largest Region |
Asia-Pacific |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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The increasing demand from end-use industries such as coatings, plastics, printing inks, and textiles is a major driver of the global organic pigments market. Organic pigments are widely used in these industries to provide color, improve aesthetics, and enhance the performance of the end products. The coatings industry is a major consumer of organic pigments. Organic pigments are used in a wide range of coating applications, such as architectural coatings, automotive coatings, and industrial coatings. These coatings are used to protect surfaces from corrosion, weathering, and wear, as well as to improve their appearance.
Volatility in raw material prices is a key factor that can restrain the growth of the global organic pigments market. Organic pigments are produced using a variety of raw materials, including petrochemicals, intermediates, and specialty chemicals. The prices of these raw materials can be volatile, which can impact the production costs of organic pigments. Fluctuating raw material prices can make it difficult for manufacturers to accurately forecast their costs and pricing, which can impact profitability.
The global organic pigments market is segmented based on type, application, source and region.
The synthetic organic pigments segment accounted for the largest share of the market in 2020, with a market share of around 60%. The growth of the synthetic pigments market can be attributed to several factors, including their superior performance, cost-effectiveness, and versatility. In many different industries, including paints and coatings, polymers, printing inks, textiles, and others, synthetic pigments are widely employed. Additionally, the market growth in the upcoming years is anticipated to be driven by the rising demand for high-performance pigments (HPPs).
Source: DataM Intelligence Analysis (2023)
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Asia-Pacific currently dominates the global organic pigments market, accounting for the largest share of the market in terms of both production and consumption. There are several factors contributing to the region's dominance in the market, including the large and growing population, rapid industrialization, and increasing demand for organic pigments in various end-use industries.
Source: DataM Intelligence Analysis (2023)
The major global players include BASF SE, Clariant AG, Dominion Colour Corporation, Ferro Corporation, Heubach GmbH, Lansco Colors, Sudarshan Chemical Industries Ltd., Sun Chemical Corporation and Synthesia.
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The global organic pigments market report would provide approximately 61 tables, 58 figures and 183 Pages.
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