Global Organic Pigments Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Organic Pigments Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Organic pigments contain carbon atoms which form strong stable chemical bonds and are always present in animal, vegetable, and synthetic organic chemistry. Organic pigments are usually bright, pure, light in weight and rich in tinting strength. Organic pigments are widely used to add color to various products such as paints, plastics, inks, and textiles.

Market Overview:

The latest research study on the global Organic Pigments market finds that the global Organic Pigments market reached a value of USD 4660.02 million in 2022. It’s expected that the market will achieve USD 5630.34 million by 2028, exhibiting a CAGR of 3.2% during the forecast period.

With the increasing awareness of human environmental protection, the downstream industries of organic pigments related to human body contact continue to put forward higher requirements for product safety and environmental protection, and high-performance, environmentally friendly organic pigments have become the future development trend.

1 Drivers

1.1 Growth in the coatings industry drives the organic pigments market.
1.2 Packaging and emerging needs drive the growth of organic pigment applications.
1.3 The rapid development of plastic products with high safety requirements will promote the demand for organic pigments.

2 Challenges

2.1 The organic pigment industry faces environmental risks.
2.2 Raw material supply and price fluctuations

The raw materials of organic pigment products mainly come from petrochemical industry, which can be basically divided into benzene series and naphthalene series derivatives, such as ethyl naphthol, naphthol series, benzene, ethylene, etc., and their prices are affected by changes in oil prices.

Region Overview:

Asia-Pacific was the largest revenue market with a market share of 32.74% in 2018 and 33.30% in 2023, an increase of 0.56%. In 2023, Europe market share was 30.45%, ranking second.

Company Overview:

DIC
Color & Comfort— DIC is a fine chemicals company with a top share in printing inks, organic pigments and PPS compounds in the global market. Established in 1908 as a manufacturer of printing inks, DIC has capitalized on its capabilities in organic pigments and synthetic resins to build a broad portfolio to markets such as Automotive, electronics, foods and housing. DIC operates in more than 60 countries and territories around the world today.

Heubach Group

Heubach GmbH produces organic and inorganic color pigments. The Company color pigments are used in products including powder and decorative coatings, packaging and laminated inks, engineering plastics and polystyrenics, paper and latex gloves and balloons.

Lily Group

Lily Group Co., Ltd. is a national high-tech enterprise, with the only national-level technology center in China's organic pigment industry a national post-doctoral workstation.

The industry concentrate rate is relatively high. The market share of the top three companies in 2022 was 62.25%. The top three companies are DIC, Heubach Group and Lily Group, with the revenue market share of 34.64%, 19.79% and 7.82% in 2022.

Segmentation Overview:

Organic pigments are produced from organic compounds such as aromatic hydrocarbons, azo compounds, and phthalocyanine. Therefore, organic pigments can be classified according to the main components.

Among different product types, Azo Pigments segment is anticipated to contribute the largest market share in 2027.

Application Overview:

by Application, the Organic Pigments is primarily split into Paints and Coatings, Plastics and Polymer, Printing and Packaging, Textile, etc.

By application, the Paints and Coatings segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Organic Pigments market covered in Chapter 3:

Yabang Pigment
Changzhou North American Chemical
Lily Group
Jeco Group
Shandong Sunshine Pigment Co., Ltd.
Atul Ltd  
Sanyo Color Works
DIC
Asahi Songwon Colors Ltd.  
Sudarshan
Heubach Group
HIFICHEM
AksharChem 
Unilex Colors & Chemicals Limited 
Xinguang
Shuangle

In Chapter 4 and Chapter 14.2, on the basis of types, the Organic Pigments market from 2018 to 2029 is primarily split into:

Azo Pigments
Phthalocyanine Pigments
High-performance Pigments

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Organic Pigments market from 2018 to 2029 covers:

Paints and Coatings
Plastics and Polymer
Printing and Packaging
Textile
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)