organic pigments market, Trends, Company Profiles, Analysis For 2020-2030
Organic Pigments Market is projected to be worth USD 9 Billion by 2030, registering a CAGR of 8% during the forecast period (2022 - 2030). The market was valued at USD 4 billion in 2021.
Market Highlights
The growing use of the drug in
the paint & coatings, plastics and textile industries is poised to fuel the
growth of the global
Organic Pigments Market over the projected period. Chemical pigments
are commonly used in the plastics and clothing industry as dyes. Thanks to the
large-scale use of plastics in packaging applications the plastics industry is
growing rapidly. That is likely to raise demand for organic pigments and drive
the growth of the global market in the years to come. In addition , the growing
demand for organic pigments in the manufacture of printing inks is projected to
be a major driver of global market growth. The consistency of organic pigments
in various unique colors makes them more attractive to use in the decorative
arts. Increasing use of organic pigments in various hi-tech applications, such
as opto-electronic screens, photo-reprographics and optical data storage, is
expected to create major growth opportunities over the estimated time frame.
Nonetheless, rising raw material costs and the higher organic pigment costs
than inorganic pigments are expected factors that hamper global demand
development. Nonetheless, expanding the reach of use of organic pigments in the
electronics field is likely to generate lucrative opportunities for market
players in the years ahead.
Market Segmentation
The global organic pigments
market has been classified based on source, type, application, and region.
on the basis of source, the global organic pigments market has been distributed
into natural and synthetic.
By type, the global organic pigments market has been segmented into azo,
phthalocyanine, alizarin, arylide, and others.
Printing ink, paints, plastics, rubber, optoelectronics, cosmetics, and paper
tinting are the major application segments of the global organic pigments
market.
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Regional Analysis
The five main regions analyzed
for the global organic pigment industry are Asia-Pacific, North America ,
Europe, Latin America and the Middle East & Africa.
Asia-Pacific led the 2018 global
organic pigment market due to rising demand for organic pigments in the
plastics, paints & coating and textile industries. The organic pigment
market is expected to show the fastest growth in Asia-Pacific owing to an increase
in the number of textile industries. Organic pigments are cost-effective,
non-toxic and have high color strength , making them a good alternative for use
in different end-use industries. In addition , the rapid growth of the
packaging industry, combined with the growing use of organic pigments in food
and industrial packaging applications, is expected to further drive regional
demand growth. The main economies leading to asian demand development are
projected to be India , China, Japan , Malaysia and South Korea.
Middle East & Africa, and
Latin America are the other major rising global markets for organic pigments.
The growing demand for the drug is projected to fuel regional market
development in the paint and printing ink applications. While the demand for
organic pigments has achieved saturation in North America and Europe, the
industry is expected to receive a boost as major companies seek to produce and
grow products in line with ever-changing technical requirements.
Competitive Dashboard
Some of the eminent players
operating in the global organic pigments for
cosmetics market are BASF SE (Germany), Heubach GmbH
(Germany), Synthesia AS (Czech Republic), Clariant (Switzerland), Trust Chem
Co. Ltd (China), DIC Corporation (Japan), Ferro Corporation (US), Toyocolor Co.
Ltd (Japan), Changzhou Longyu Pigment Chemical Co. Ltd (China), Sudarshan
Chemical Industries Limited (India), and Dainichiseika Color & Chemicals
Mfg. Co. Ltd (Japan).
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