Organic Pigments Market - By Type (Phthalocyanine Pigments, Azo Pigments, HPPs), By Application (Paints & Coatings, Printing Inks, Plastics) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Organic Pigments industry held USD 4.05 billion in 2020 and is expected to grow at a CAGR of 4.5% from 2020-2030. Organic pigments are carbon compounds that are artificially synthesized and used to impart color to the substances. In contrast to inorganic ones, they impart transparent colors which produce opaque colours. Some of the synthesized organic pigments however have opaque colors. Organic pigments have high resistance to colour, but poor dispersibility. They have minimal water solubility, organic solvents, and different media types. Chemical pigments are non-harmful and have a stronger environmental profile in comparison to synthetic pigments which are harmful and contain metals like lead and cadmium drives the overall organic pigments.

Market Dynamics and Factors:

Since the last few years, the organic pigments market for organic pigments has been steadily expanding. Those are environmentally friendly pigments. That is a major market driver of organic pigments market size. These pigments are widely used in the food & beverage industries and in cosmetics driving the organic pigments market. They're also used to impart colors to plastics in master batches. The high cost of organic pigments is, however, a constraint on the demand in organic pigments market. The high cost of organic pigments hampers the segment of paints & coatings in particular, in which regulations are not stringent and inorganic pigments are still the dominant form. Rising popularity of inorganic pigments based on mixed metal oxide is another challenge facing organic pigments industry. Inorganic pigments based on the mixed metal oxide are non-toxic. They are used as an alternative to lead pigments made from chromate. Urbanization coupled with an increase in infrastructure spending is likely to boost the paint market, which is expected to fuel the organic pigments market over the forecast period in turn. In addition, the use of organic pigments as dyes in the textile and plastic industries is expected to contribute to its growth in the organic pigments market share.

Market Segmentation:

Based on type, the organic pigments market is divided into phthalocyanine pigments, HPPs and azo pigments. On the basis of application, the organic pigments industry is classified into paints & coatings, printing inks, plastics. Geographic breakdown organic pigment market includes regions comprising North America, Europe, Asia-Pacific, and Rest of the world.

Geographic Analysis:

In the recent years, Asia Pacific is noted as the fastest growing and largest regional organic pigment market, with China held the fastest growth. These organic pigments trends is expected to continue in the coming years. Number of North American and European organic pigment market manufacturers have shifted their manufacturing base to low-cost Asia Pacific countries due to lack of stringent environmental compliance issues and lower production costs.

The major factors contributing to organic pigment market growth is increasing infrastructure development and rapid industrialization, especially in developing countries like Indonesia, India, and China. The organic pigments market is likely to see a significant growth in Middle East and Africa region, especially in Qatar, Saudi Arabia and Nigeria, due to large construction projects.

The organic pigments market in Latin America is most likely to witness significant growth in the coming years. The region's growing middle-class population, major consumers of prepared foods and personal care goods, are expected to fuel demand in organic pigments industry for printing purposes in the packaging industry and drive the organic pigment market share across the region.

Competitive Scenario:

The major players of global organic pigments industry include, Clariant, DIC Corporation, Shanghai Road Dyestuffs & Chemicals Company Limited, Neelikon Food Colors & Chemicals Ltd., Heubach India, Sun Chemical Corporation, BASF SE, Lansco Colors, Synthesia, Sensient Technologies Corporation, Vibfast Pigments Pvt. Ltd., and Neochem Industries contributing in the largest organic pigments market size.

Organic Pigments Market Report Scope