Organic Pigments Market

Organic pigments are organic molecules that change the colour of transmitted light as the result of wavelength-selective absorption. Organic pigments are generally derived from plants and minerals and are made up of carbon rings and carbon chains. Azo pigments, lake pigments, phthalocyanine pigments and quinacridone pigments are the different types of organic pigments.

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The growing application of organic pigments in various industries including paints & coating, plastics, textile, automotive, electronics, construction, personal care, and cosmetics industries owing to their high colouring strength, gloss, better transparency, and chemical stability is a major factor that is expected to augment the growth of the organic pigments market during the forecast period. In addition, several beneficial features of organic pigments that includes good chemical resistance, light fastness, bright and strong colour are further boosting the demand of organic pigments. Moreover, rapid growth in the plastic industry, changing consumer preference for plastic packaged products, coupled with the strong demand for eco-friendly packaging are some other  factors that  are anticipated to boost the growth of the organic packaging market over the forecast period. However, higher cost of organic pigments as compared to the inorganic pigments is expected to restraint the growth of the market over the forecast period.

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Based on type, the market is segmented into azo pigments, phthalocyanine pigments, high performance pigments, and others. The high performance pigments segment is expected to grow at a higher CAGR during the forecast period owing to their beneficial properties such as high brightness, glossy effect, heat stability, high insolubility, colour strength, and resistance to various chemicals. Additionally, increasing demand of HPPs for the coatings of cars, trains, aircraft and ships is further supporting the segment growth.

Based on application, the market is segmented into printing inks, paints & coatings, plastics, and others. The paint & coatings application segment is projected to dominate the market. This can be attributed to the rapid growth in the demand for automotive coatings, decorative coatings, textile painting, marine coatings, and industrial coatings. Moreover, increasing use of organic pigments in decorative coatings, especially in the construction industry owing to a cost-effective and environmentally friendly solutions is further contributing to the growth of the market.

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Based on the region, Asia-Pacific region is anticipated to lead the organic pigments market during the forecast period. This is primarily due to the rapid urbanization and the rise in the number of various industries including textile, plastic, construction, and packaging in the emerging economies such as China, Japan, India, and South Korea in the region. On the other hand, North America is projected to grow at a faster CAGR in the organic pigments market owing to the rising demand for sustainable packaging and eco-friendly painting & coating solution among customers in the region.

Various notable players operating in the global organic pigments market include Solvay SA, Clariant International Ltd., DIC Corporation, Heubach GmbH, Sudarshan Chemical Industries Limited, Ferro Corporation, Trust Chem Co., Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ltd., DCL Corporation, and Toyocolor Co., Ltd., among other companies. 

Key Developments:

• • In 2019, DIC Corporation acquired BASF Colors & Effects (BCE), the global pigments business of BASF SE. This acquisition helped to broaden DIC’s product portfolio of organic and inorganic pigments for electronic displays, cosmetics, coatings, plastics, inks and specialty applications.
  • In 2018, Dominion Colour Corporation (DCC), one of the leading manufacturers of high performance pigments and dispersions and LANSCO Colors, a supplier of a wide-range of quality pigments announced their merger to create DCL Corporation, a global supplier of colour pigments and dispersions for the coatings, plastics, and ink industries.
  • In 2018, Clariant International Ltd. entered into a partnership with Lintech International, LLC for the distribution of its pigments for the plastics, coating and printing ink markets across the entire United States of America.

The global Organic Pigments market has been segmented on the type, application, and region. On the basis of type, the market is segmented into azo pigments, phthalocyanine pigments, high performance pigments, and others. Based on application, the market is segmented into printing inks, paints & coatings, plastics, Textile, Cosmetics and others.

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Key questions answered in this research report:

• • At what pace is global Organic Pigments market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Organic Pigments market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Organic Pigments market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various applications of global Organic Pigments market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Organic Pigments Market by Type

• • Azo Pigments
  • Phthalocyanine Pigments
  • High Performance Pigments
  • Others

Global Organic Pigments Market by Application

• • Printing Inks
  • Paints & Coatings
  • Plastics
  • Textile
  • Cosmetics
  • Others

Global Organic Pigments Market by Region

• • North America Organic Pigments Market (Option 1: As a part of the free 25% customization)
    • North America Organic Pigments Market by Type
    • North America Organic Pigments Market by Application
    • US Organic Pigments Market All-Up
    • Canada Organic Pigments Market All-Up
  • Europe Organic Pigments Market (Option 2: As a part of the free 25% customization)
    • Europe Organic Pigments Market by Type
    • Europe Organic Pigments Market by Application
    • UK Organic Pigments Market All-Up
    • Germany Organic Pigments Market All-Up
    • France Organic Pigments Market All-Up
    • Spain Organic Pigments Market All-Up
    • Rest of Europe Organic Pigments Market All-Up
  • Asia-Pacific Organic Pigments Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Organic Pigments Market by Type
    • Asia-Pacific Organic Pigments Market by Application
    • China Organic Pigments Market All-Up
    • India Organic Pigments Market All-Up
    • Japan Organic Pigments Market All-Up
    • Rest of APAC Organic Pigments Market All-Up
  • RoW Organic Pigments Market (Option 4: As a part of the free 25% customization)
    • RoW Organic Pigments Market by Type
    • RoW Organic Pigments Market by Application
    • Brazil Organic Pigments Market All-Up
    • South Africa Organic Pigments Market All-Up
    • Saudi Arabia Organic Pigments Market All-Up
    • UAE Organic Pigments Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Organic Pigments Market All-Up

Global Organic Pigments Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Solvay SA
  • Clariant International Ltd.
  • DIC Corporation
  • Heubach GmbH
  • Sudarshan Chemical Industries Limited
  • Ferro Corporation
  • Trust Chem Co., Ltd.
  • Dainichiseika Color & Chemicals Mfg. Co., Ltd.
  • DCL Corporation
  • Toyocolor Co., Ltd.