The organic pigments market is expected to gain market growth in the forecast period of 2022 to 2028. According to Zion Market Research, the market would increase at a CAGR of 5.21 percent over the forecast period.
Organic pigments are organic solids that are commonly used to colour paints, rubber products, inks, plastic products, and coating printing sizes. They come in a variety of hues, including red, violet, blue, orange, brown, black, green, white, yellow, and others. They are insoluble physically and chemically unaffected by the substrate in which pigments are included and have light, heat, tinctorial strength, solvent stability, weathering, and are insoluble physically and chemically undisturbed by the substrate in which pigments are incorporated.
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Organic pigments market expansion is being fueled by factors such as rising demand for organic pigment in the pharmaceutical industry, rising demand for bio-based paints and coatings, and an increase in the number of colour shades available. Furthermore, developing countries’ urbanisation, industrialization, and modernization will have a direct and favourable impact on the organic pigments market’s growth rate. Organic pigments, on the other hand, have a higher cost than inorganic pigments, which limits their market expansion.
Numerous chances for the market are created by various technology advances and rising expansion activity by major players through strategic partnerships and agreements. On the other hand, problems like as raw material price fluctuation offer a significant impediment to the organic pigments market’s growth.
This organic pigments market report covers recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geograhic analysis, and more. Contact Zion Industry Research for an Analyst Brief to learn more about the organic pigments market. Our team will assist you in making an informed market choice to achieve market growth.
Market Size and Scope of Organic Pigments in the World
The market for organic pigments is divided into four categories: type, application. The growth of the various segments aids you in gaining information of the many growth drivers that are projected to be prevalent across the industry, as well as formulating distinct tactics to help discover primary application areas and differences in your target market.
● The organic pigments market is divided into Type : azo pigments, phthalocyanine pigments, carbazole violet, high performance pigments, and others based on their kind.
● The organic pigments market is divided into Application : Printing inks, paints and coatings, plastics, ceramics, glass, minerals, leather and textile, cosmetics, electronics, and other applications make up the organic pigments industry.
Organic Pigments Market Share Analysis and Competitive Landscape
The competitive landscape for organic pigments includes information about each competitor. Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details included. The information presented above is only about the firms’ concentration on the organic pigments market.
The major players covered in the organic pigments market report are FERRO CORPORATION, Dainichiseika Color & Chemicals Mfg. Co., Ltd., Sudarshan Chemical Industries Limited, LANXESS, Atul Ltd, Synthesia, a.s., Heubach GmbH, Trust Chem Co., Ltd., CATHAY INDUSTRIES, Merck KGaA, BASF SE, DIC CORPORATION, Clariant, Carl Schlenk AG, apollocolours, The Chemours Company, Jet-Mate Canada Inc., TOYOCOLOR CO., LTD, Organic Dyes and Pigment, DCL Corporation, First Source Worldwide among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
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Recent Happenings
• DCL purchased Sun Chemical’s production site in Goose Creek, South Carolina, in July 2021. It would provide specialty pigment families with the best performance, including high chromaticity, durability, heat stability, and transparency, for the most demanding applications, such as automotive, industrial coatings, and tailored plastics.
• To strengthen its market share in the organic pigments market, DIC expects to complete its acquisition of BASF SE’s global Colors and Effects division in the first half of 2021.
• Clariant and Heubach agreed to sell their organic pigments business in June 2021. By 2022, Heubach and SK Capital will have acquired the company, with Clariant owning 20% of the stock.
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