What Has Been the Progress and Growth of the Organic Pigments Market in Recent Years?
The organic pigments market has seen considerable growth due to a variety of factors.
• Over the past few years, the size of the organic pigments market has been expanding robustly. It is predicted to escalate from $17.25 billion in 2024 to $18.5 billion in 2025, marking a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this growth during the historical period include the broadening of the printing inks market, increased demand in the automotive industry, applications in the textile industry, growth of the plastics industry, and consumer inclination towards eco-friendly products.
What Is The Expected Growth In The Organic Pigments Market?
The Organic Pigments market is expected to maintain its strong growth trajectory in upcoming years.
• Projections for the upcoming years indicate a robust increase in the size of the organic pigments market. It is anticipated to reach $23 billion in 2029, expanding at a compound annual growth rate (CAGR) of 5.6%.
This anticipated expansion during the forecast period can be credited to growing applications in packaging inks, a concentrated effort on recyclability and biodegradability, changes in color tastes, worldwide economic patterns, and the rise of high-solid and water-based coatings. Key trends for the forecast timeframe encompass the digitalization integration in color matching and manufacturing processes, stringent adherence to regulatory requirements and certifications, a surging interest in specialty organic pigments, advancements in nanotechnology related to pigment creation, and a growing popularity in high-performance pigments.
What Main Forces Are Fueling Expansion In The Organic Pigments Market?
The organic pigments market is forecasted to expand, driven by the growing textile industry. The term textile industry refers to the sectors primarily involved in the creation, manufacturing, distribution, and utilization of textiles. Textiles are flexible materials produced from a network of synthetic or natural fibers. Organic pigments, known for their ability to offer color, opaqueness, and other sought-after traits, are extensively utilised in the textile industry for dyeing and printing purposes, fueling demand in the organic pigments market. For instance, Textile World, a leading publication based in Georgia that focuses on the international textile industry, reported in May 2023 that the estimated value of shipments for U.S. synthetic fibers, textiles, and clothing increased to $65.8 billion in 2022, up from $64.04 billion in 2021. Consequently, the upsurge in the textile industry fuels the growth of the organic pigments market.
What Are The Primary Segments In The Global Organic Pigments Market?
The organic pigments market covered in this report is segmented –
1) By Type: Azo Pigments, Pthalocyanine Pigments, High Performance Pigments (HPPs), Alizarin, Arylide, Other Types
2) By Source: Synthetic, Natural
3) By End-Use: Textile, Paints And Coatings, Automotive, Plastics, Printing Inks, Packaging, Other End-Uses
Subsegments:
1) By Azo Pigments: Monoazo Pigments, Disazo Pigments, Polyaromatic Azo Pigments
2) By Phthalocyanine Pigments: Phthalocyanine Blue, Phthalocyanine Green
3) By High Performance Pigments (HPPs): Bright HPPs, Non-Bright HPPs
4) By Alizarin: Natural Alizarin, Synthetic Alizarin
5) By Arylide: Arylide Yellow, Arylide Orange
6) By Other Types: Quinacridone Pigments, Diketopyrrolopyrrole Pigments, Benzimidazolone Pigments
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Which Key Trends Are Driving Changes In The Organic Pigments Market?
The primary trend that is capturing attention in the organic pigments market is product innovation. Big players in the industry are concentrating on unveiling new products to maintain their market standings. For example, Heubach Group, a pigment, pigment preparations, dyes, and specialty materials producer based in Germany, introduced a new sustainable Ultramarine Blue pigment range named Ultrazur in January 2023. This new product line, which has undergone rigorous testing against industry benchmarks, demonstrates high resistance to heat (up to 350° C) and light. Furthermore, the cutting-edge method used in the final stage of Ultrazur production ensures superior dispersibility, making it highly applicable to thin films and fibers. Ultrazur, manufactured with state-of-the-art wastewater and air emissions treatment technology, stands out as the most environmentally-friendly Ultramarine Blue available in the market.
Who Are the Key Players In The Organic Pigments Market?
Major companies operating in the organic pigments market include:
• BASF SE
• Clariant AG
• DIC Corporation
• Heubach GmbH
• Sudarshan Chemical Industries Limited
• Ferro Corporation
• Trust Chem Co. Ltd.
• Dainichiseika Color & Chemicals Mfg. Co. Ltd.
• Toyocolor Co Ltd.
• Synthesia AS
• Hangzhou Han-Color Chemical Co. Ltd.
• Dominion Colour Corporation
• Koel Colours Pvt. Ltd.
• Vibfast Pigments Pvt. Ltd.
• Neochem Industries
• LANXESS AG
• Sun Chemical Corporation
• Changzhou Longyu Pigment Chemical Co. Ltd.
• Pidilite Industries Ltd.
• Sensient Technologies Corporation
• Jeco Group
• Xinguang Chemical Group Co. Ltd.
• Sanyo Color Works Ltd.
• Shuangle Chemical Co. Ltd.
• Flint Group
• Cappelle Pigment NV
• Sunshine Pigment Co. Ltd.
• Apollo Colors Inc.
• Ruian Baoyuan Chemical Co. Ltd.
• Yuhong New Plastic Co. Ltd.
• KolorJet Chemicals Pvt. Ltd.
What Is The Most Dominant Region In The Organic Pigments Market?
Asia-Pacific was the largest region in the organic pigment market in 2024 and is expected to be the fastest-growing region in the organic pigment market report during the forecast period. The regions covered in the organic pigments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
