Organic Pigments Market Size, Share, Industry, Forecast and outlook (2023-2030)

Organic Pigments Market is segmented By Type (Azo Pigments, Phthalocyanine Pigments, High-Performance Pigments (HPPs), Others), By Application (Printing Inks, Paints & Coatings, Plastics, Others (Textiles, Cosmetics, Food)), By Source (Natural Organic Pigments, Synthetic Organic Pigments), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Organic Pigments Market Overview

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.

Organic Pigments Market Scope

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Organic Pigments Market Dynamics

Increasing Demand From End-Use Industries

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

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.

Organic Pigments Market Segmentation Analysis

The global organic pigments market is segmented based on type, application, source and region.

Owing To Its Widespread Use In a Variety Of End-Use Applications, Synthetic Organic Pigments Dominates The Global Market

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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Organic Pigments Market Geographical Penetration

Owing To Its Higher Production And Consumption, Asia-Pacific Holds The Majority Of Market Shares Globally

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)

Organic Pigments Market Competitive Landscape

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.

COVID-19 Impact Analysis

By Type

• Azo Pigments
• Phthalocyanine Pigments
• High Performance Pigments (HPPs)
• Others

By Application

• Heavy Duty Vehicles
• Paints & Coatings
• Plastics
• Others (Textiles, Cosmetics, Food)

By Source

• Natural Organic Pigments
• Synthetic Organic Pigments

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On January 24, 2023, The Heubach Group introduced its new product line Ultrazur at PlastIndia 2023: a range of ultramarine blue pigments in four colors ranging from greenish to reddish for a variety of conventional and challenging applications. The Heubach Group is a world leader in inorganic and organic pigments and comprehensive color solutions.
• On March 21, 2023, rice protein-based fluorescent pigments for cosmetics were introduced by DayGlo Colour Corp, Ohio.
• On August 10, 2021, Reflecks MD Midnight Cherry and Reflecks MD Midnight Sapphire are two new color travel effect pigments that Sun Chemical, New Jersey, U.S. added to their Reflecks MultiDimensions product line.

Why Purchase the Report?

• To visualize the global organic pigments market segmentation based on type, application, source and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of organic pigments market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global organic pigments market report would provide approximately 61 tables, 58 figures and 183 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies