The report “Organic pigments Market by Source (Synthetic and Natural), Type (Azo, Phthalocyanine, High-Performance Pigments (HPPs)), Application (Printing inks, Paints & Coatings, Plastics), and Region – Global Forecast to 2029″, is estimated at USD 4.4 billion in 2024 and is projected to reach USD 6.0 billion by 2029, at a CAGR of 6.5% from 2024 to 2029. Organic pigments are organic compounds that change the color of reflected light with selective wavelength absorption. Due to their insoluble property in coating systems and polymers, organic pigments are widely accepted across end-use industries. Organic pigments offer higher color strength and gloss when compared with inorganic pigments at the cost of lower covering power. These pigments are mainly classified into three groups, azo pigments, polycyclic pigments, and anthraquinone pigments, based on carbon, hydrogen, and nitrogen as their basic chemicals.
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- 283 Market data Tables
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- 230 Pages and in-depth TOC on “Organic pigments Market – Global Forecast to 2028”
Some of the prominent key players are:
· DIC Corporation (Japan)
· Heubach GmbH (Germany)
· Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan)
· Lily Group Co. Ltd. (China)
· Sunlour Pigment Co., Ltd. (China)
· Anshan Hifichem Co., Ltd. (China)
· Longkou Union Chemical Co., Ltd. (China)
· Meghmani Organics Ltd. (India)
· Asahi Songwon Colors Ltd. (India)
· Sudarshan Chemical Industries Limited (India))
Driver: High demand for enhanced aesthetics in various applications areas
The growing competition in the printing ink sector is pushing companies to offer better shades and vivid colors to printed text. The demand for different printing finishes has risen due to the increasing competition among brands and their need to place their product distinctly. Organic pigments in the form of color concentrates and masterbatches provide a variety of color shades, and customized colors can also be manufactured according to customer requirements. Continuous innovations in the market are expected to be driven by the increasing need for enhanced aesthetics in printing inks for better marketing.
Based on application, the paints & coatings application segment is anticipated to register the highest CAGR in organic pigments market.
The paints & coatings application is expected to be the fastest-growing segment of the market during the forecast period. Organic pigments are preferred for these applications as they offer a higher gloss and color finish. They are mostly non-toxic and compatible for use in contact with food items, further expanding their application range. Organic pigments are used in various coating applications owing to their high-performance characteristics, which impart qualities such as good weather fastness, good light fastness, low migration, and solvent & bleeding fastness to the end products. Organic pigments are widely used in decorative coatings, marine coatings, automotive coatings, and industrial coatings.
Europe to be the second-largest market for Organic Pigments during the forecast period, in terms of value.
Europe is the second-largest organic pigments market globally. The major industries in the region include automotive, building & construction, and packaging. These industries consume plastics in large volumes, which is increasing the consumption of organic pigments. The demand for organic pigments is high in the paints & coatings application in the building & construction and automotive industries. Germany is the key organic pigments market in Europe, which has a high growth potential due to the increasing use of these pigments in the automotive industry for paints & coatings applications.
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