Global Organic Pigments Market - 2023-2030
Market OverviewThe 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).
Market Overview
The market is characterized by a high level of competition, with several multinational players and local manufacturers operating in the industry. The demand for organic pigments is expected to grow steadily over the forecast period, owing to increasing demand from end-use industries, particularly in emerging economies such as China, India, and Brazil.
North America accounted for 1/4th of the total global market share in the year 2022 and the U.S. is the leading market in the North America organic pigments market, which is accounting for more than 75% of the total regional market share.
Market DynamicsIncreasing Demand From End-Use Industries
Organic pigments are used in the plastics industry to add color to various plastic products such as toys, packaging, and automotive parts. Organic pigments are preferred over other types of pigments due to their excellent color properties, stability, and compatibility with plastics. Organic pigments are widely used in printing inks for packaging, labels, and other applications. These pigments offer excellent color properties, lightfastness, and stability, making them ideal for printing applications.
Organic pigments are used in the textile industry to add color to fabrics and other materials. They are preferred over other types of pigments because of their ability to withstand harsh washing and drying conditions. Therefore, the increasing demand from end-use industries is expected to drive the global organic pigments market, as more industries adopt organic pigments to enhance the performance and aesthetics of their products.
Volatility in Raw Material Prices
Volatility in raw material prices can also lead to supply chain disruptions, as manufacturers may struggle to secure a reliable supply of the raw materials they need. This can impact production schedules and lead to delays in delivering products to customers. Inorganic pigments are often less expensive than organic pigments and are widely used in applications where cost is a major consideration. Volatility in raw material prices can make organic pigments less competitive than inorganic pigments, as higher production costs can drive up prices..
COVID-19 Impact AnalysisThe COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).
Segment AnalysisThe 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 currently dominate the global pigments market due to their widespread use in a variety of end-use applications. Synthetic organic pigments are produced by chemical synthesis, which allows for greater control over the color and performance characteristics of the pigments. Synthetic organic pigments offer greater consistency in color and performance than natural pigments, making them a preferred choice for industrial applications that require high levels of precision and consistency.
Geographical AnalysisOwing to its higher production and consumption, Asia-Pacific holds the majority of market shares globally
Many of the world's leading organic pigment manufacturers are based in Asia-Pacific, including DIC Corporation, Clariant AG, and BASF SE. This region has a strong presence in the global market due to its abundant raw material resources, lower labor costs, and favorable government policies. Asia-Pacific is also the largest consumer of organic pigments, accounting for more than 50% of the global market share. The growing demand for organic pigments in various industries such as paints and coatings, plastics, printing inks, and textiles is driving the market growth in the region.
Competitive LandscapeThe 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.
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