Global organic pigments market has been witnessing steady growth over the past few years, owing to rising demand from industries like paints & coatings, printing inks, plastics, and construction. Organic pigments have established themselves as an indispensable part of these end-use industries due to their excellent properties like brightness, weatherproofness, and durability. Moreover, the shifting preference toward eco-friendly products among consumers and stringent environmental regulations regarding the use of heavy metals in pigments has boosted demand for organic pigments globally. However, high production costs and availability of inexpensive substitutes continue to limit the market potential.
Market Dynamics:
The key drivers propelling the global organic pigments market growth includes growing paints & coatings industry, changing regulations restricting the use of hazardous inorganic pigments, and increasing consumer awareness about sustainable products. High costs associated with organic pigment production and the availability of inexpensive inorganic pigment alternatives are posing challenges. Continuous R&D towards new production technologies and novel organic pigment formulations with superior properties provides significant opportunities for market players. Overall, the market is estimated to witness growth steadily due to rising demand from various end-use industries like printing inks, plastics, and construction over the forecast period.
Key features of the study:
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