"Organic Pigments Market by Source (Synthetic and Natural), Type (Azo, Phthalocyanine, HPPs), Application (Printing inks, Paints & Coatings, Plastics), and Region (North America,Europe,APAC,MEA,and South America) - Global Forecast to 2026" The organic pigments market is projected to grow from USD 5.5 billion in 2021 to USD 6.7 billion by 2026. The printing inks segment accounted for a share of 36.4% in terms of value in the organic pigments market in 2021 and is projected to reach USD 2.4 billion by 2026 at a CAGR of 3.9%. The paints & coating sector is projected to witness the highest CAGR of 4.5%, growing from USD 1.7 billion in 2021 to USD 2.4 billion by 2026.


Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1076

Synthetic based organic pigments comprises a major share of the organic pigments market in terms of value.

Synthetic organic pigments dominate the market in terms of value, with a share of 93.6% in 2020. The high growth and market share of synthetic organic pigments are attributed to its key advantages over other natural organic pigments. Synthetic pigments manufactured using petroleum compounds, acids, and other chemicals usually under high heat or pressure for manufacturing. They are generally synthesized using ring-based aromatic compounds. These chemicals produce almost infinite variations in the molecular structure. These have added advantage of higher durability, high lighfastness and better gloss.

The Azo Organic pigments accounts for the largest market share in the global organic pigments market during the forecasted period in terms of value and volume

Azo pigments account for nearly 42.6% of all organic pigments by value in 2020. Azo pigments are among the organic compounds with a functional azo group (-N=N-). They are further classified based on their chemistry into monoazo and diazo pigments. These pigments are derived from water-soluble dyes and are the largest, as well as the most diverse group of synthetic organic pigments. Azo pigments are available in the shades of yellow, orange, red, and brown. Due to their stable nature these pigments are widely used in the printing inks and coating industry.

The printing ink application accounted for the largest market share in the global organic pigments market during the forecast period in terms of value and volume.

The printing inks application accounted for the largest share by value of the organic pigments market. This is because of increasing demand from the packaging industry, especially food packaging. Increasing regulations and restrictions on the use of inorganic pigments has further aided in the acceptance of organic pigments in the market. Organic pigments-based printing inks are also gaining wide acceptance in marketing tools publication such as brochures, magazines, and other printed tools. This is due to the high vividness and sharpness of colors based on organic pigments

APAC is expected to account for the largest share in the organic pigments market during the forecast period.

APAC is the most lucrative organic pigments market. The growing population, rising urbanization, and increasing purchasing power are the key factors for the growth of the packaging, construction, electronics, and automotive industries in the region. Additionally, the growing demand for organic pigments and regulations on the use of environment- friendly products have led to market growth. Organic pigment manufacturers are targeting this region, as it is the strongest regional market for industries such as textiles, plastics, and construction. The manufacturers are also shifting their production base to APAC because of the low cost of production and ability to serve the local emerging markets.

The countries, including China, Japan, India, and South Korea, are the major organic pigments markets in the region. China is the leading producer and consumer of organic pigments in APAC. The market in this region has many small and domestic manufacturers, providing customized products and services to clients that demand organic pigments in small quantities. All these factors have made APAC the largest and the fastest-growing organic pigments market.

The major players active in the market are BASF (Germany), Clariant (Switzerland), DIC Corporation (Japan), Heubach GmbH (Germany), Sudarshan Chemical Industries Ltd. (India), Ferro Corporation (US), Trust Chem Co. Ltd (China), Dainichiseika Color & Chemicals Mfg. Co. Ltd. (Japan), DCL Corporation (Canada), and Toyocolor Co. Ltd. (Japan). These players have extensive product portfolios, which cater to the demand for organic pigments from paints & coating, printing inks, plastics, and other applications across the globe. These players are heavily engaged in offering high-grade organic pigments. The market is in the mature stage and the competition amongst the firms is to capture bigger portion of the pie. The existing players are adopting inorganic strategies like mergers & acquisitions to increase their market share.


About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]