Organic Pigments Market to Grow 4.18% CAGR | 47% of growth will come from APAC

Organic Pigments Market 2020-2025: Supplier Landscape
The market is fragmented and the degree of fragmentation will accelerate during the forecast period. Increasing industrialization in developing regions has spurred the entry and growth of domestic suppliers who often compete with global suppliers due to better customer relationships. Many suppliers also offer personalized services that allow consumers to choose the exact shade they are looking for. A successful and long-term incumbent business can be achieved with optimized production that generates economies of scale through penetration into multi-regional markets.

BASF SE, Clariant International Ltd., Sun Chemical Corp., Ferro Corp., Sensient Technologies Corp., Dainichiseika Color and Chemicals Mfg. Co. Ltd., DCL Corp., DIC Corp., Heubach GmbH and LANXESS SA are among the main players in the market. Many companies offer innovative products to maintain their market position longer. For example, BASF SE offers organic pigments with a color-based coating. Likewise, Clariant International Ltd. offers premium organic pigments, pigment preparations and colorants used in the automotive industry.

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Organic Pigments Market 2020-2025: Drivers and Challenges
Population growth and the demand for urbanized areas have been instrumental in the growth of the market. The migration of people from rural to urban areas has led to improved living standards and the adoption of urban lifestyles. This further resulted in the development of automotive, construction and general industry segments. All of these segments increasingly depend on the organic pigment industry for aesthetic appeal. In addition, the demand for novel dye pigments involving color development to meet individual tastes has also increased in recent years. For example, water-based coating systems are increasingly adopted in the automotive OEM, trim, rim coatings, accessories and interior markets with many color-intensive design possibilities. . This, in turn, is expected to further drive the growth of the organic pigments market during the forecast period. In addition, the increasing regulations on VOC emissions which are boosting the organic pigments market and increasing demand from the coatings industry will further accelerate the market growth during the forecast period.

The high cost of organic pigments might hamper the growth of the market. The increased acceptance of these products has resulted in competitive prices with inorganic pigments, which dominate the market, and hybrid pigments, which are slowly entering the pigment market. In addition, rising raw material prices are expected to act as a drag on the global organic pigments market. In addition, the high prices of raw materials are increasingly worrying sellers of organic pigments. The fluctuation in crude oil prices over the years has had a significant negative impact on sellers’ operating costs and profit margins. Also, factors like volatile raw material prices negatively impacting organic pigments and cumbersome dispersing process will end up limiting the market growth in the long term.

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Organic Pigments Market 2020-2025: Segmentation Analysis

• By Application, the market is segmented into
• Printing inks
• Paints And Coatings
• Plastics
• Others

The application of printing inks held the organic pigments market share in 2020. The segment will dominate the market further during the forecast period due to its increased preference for organic pigments over inorganic pigments as they are capable of imparting shine and having high tinctorial strength. Changes in consumer preferences, coupled with the growing importance of packaging in branding and advertising, have increased the use of organic pigments in the packaging industry, resulting in the growth of pigments. organic in printing inks.

• By type, the market is categorized into
• azo
• Phthalocyanine
• Others

Azo Pigments held over 52% organic pigments market share in 2020. The segment is expected to maintain its position as the leading revenue-generating type segment during the forecast period. These pigments are colorless earth and clay materials which, when treated with azo compounds, impart color. Pigment carrier is an important aspect which affects the lightfastness of azo pigments.

• In terms of geography, the market is segmented by
• APAC
• Europe
• North America
• South America
• AEM

APAC was the most revenue-generating regional segment of the organic pigments market in 2020. The region is expected to register the fastest market growth over the next few years. The increased emphasis on development, rapid industrialization and the flourishing automotive industry, especially in China and India, are expected to stimulate demand for paints and coatings. This, in turn, results in the high demand for organic pigments in the region. End-user industries such as automotive and construction will drive the growth of the organic pigments in APAC market during the forecast period. Countries like China, India, and Japan contribute to a significant market share in the global automotive industry. In addition, strict government standards to reduce products with high petrochemical or VOC content are a growth engine for the organic pigment market.

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Organic Pigments Market 2020-2025: Scope
Technavio presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources. The Organic Pigments Market report covers the following areas:

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Organic Pigments Market 2021-2025: Highlights

• Market CAGR during the forecast period 2021-2025
• Detailed information on the factors that will help the organic pigments market growth over the next five years
• Estimated Organic Pigments Market Size and Its Contribution to Parent Market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the organic pigments market
• Market competitive landscape analysis and detailed supplier information
• Complete details on factors that will challenge the growth of Organic Pigments Market, suppliers

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Key topics covered

• Abstract
• Market landscape
• Market sizing
• Five forces analysis
• Market segmentation by application
• Market segmentation by type
• Customer landscape
• Geographic landscape
• Supplier landscape
• Supplier analysis
• Annex

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