Enjoy complimentary customisation on priority with our Enterprise License!
The organic pigments market size is forecast to increase by USD 1.62 billion, at a CAGR of 5.19% between 2022 and 2027. Market expansion hinges on multiple factors, notably population growth and the escalating demand for urban spaces. Regulatory measures targeting volatile organic compound (VOC) emissions serve as a catalyst for the market. Additionally, heightened demand from the coatings sector further stimulates market growth. These dynamics underscore the intersection of demographic shifts, environmental concerns, and industrial demand, shaping the trajectory of the market. As urbanization trends persist and regulatory pressures intensify, the market is poised for sustained growth, driven by evolving consumer preferences and industry compliance mandates. Furthermore, the market research report includes historic market data from 2017 to 2021.
To learn more about this report, Download Report Sample
Organic pigments are integral to various industries including packaging material and textile production, offering vibrant colors and versatility. They are also utilized in the food & beverage industry for coloring applications, ensuring compliance with regulations like code of federal regulations (CFR) and generally recognized as safe (GRAS). Additionally, organic pigments find use in printing inks application, meeting diverse needs in this sector. With a focus on safety and sustainability, the market responds to demands from the MSME sector and aligns with regulatory standards regarding substances like xylene and ethylene.
Additionally, this report extensively covers market segmentation by type (azo, phthalocyanine, and others), application (printing inks, paints and coatings, plastics, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
The market share growth of the AZO segment will be significant during the forecast period. Azo pigments also called diazine derivative pigments are produced through diazotization and coupling processes. The oxidation of hydrazine results in azo pigments, which impart colors, such as red, yellow, and orange. Some of the major applications of azo pigments are in the printing and textile industry. Its wide application across industries will facilitate market growth during the forecast period.
Get a glance at the market contribution of various segments Request a PDF Sample
The Azo segment was valued at USD 2.57 billion in 2017. The colorless earth and clay materials pigments, when treated using azo compounds, impart colors. The pigment carrier is an important aspect that affects the light fastness of azo pigments. The paints and coatings sector is anticipated to be the largest market for azo pigments owing to spurious demand from global construction. However, various jurisdictions, such as the EU and the US, have taken action to safeguard the adverse effects of these substances on environmental and human health. Thus, owing to these increasing regulations, azo-based pigments may face challenges during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The increase in focus on development, rapid industrialization, and the flourishing automotive industry, especially in China and India, are anticipated to drive the demand for paints and coatings. This, in turn, translates to the high demand for organic pigments in the region.
Further, end-user industries such as automotive and construction will drive the growth of the market in APAC during the forecast period. The infrastructure market in APAC is expected to grow at a moderate pace during the forecast period. The region has witnessed a significant increase in infrastructure investment over the last decade and is expected to increase further. Investments in both infrastructure and non-residential sectors are expected to drive the growth of the construction market in APAC, which will increase the demand for high-performance paints and coatings during the forecast period.
In the paints & coatings industry, organic pigments play a pivotal role, finding applications in decorative coating, industrial coating, construction coating, and automotive coating. They also contribute to textile colorants for the textile and apparel industry and enhance packaging materials. With a focus on sustainability, the market emphasizes low-VOC formulations and adheres to regulations like FFDCA and CFR. Government initiatives promote eco-friendly practices, aligning with the rise of electric vehicles (EV). Organic pigments such as phthalocyanine pigments and high-performance pigments offer vibrant colors while ensuring safety, meeting standards like GRAS and mitigating concerns over harmful substances like toluene, benzene, and naphthalene. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving growth in the market is population growth and demand for urbanized areas. In recent years, the migration of people from rural areas to cities has become a concern for many nations around the world. The automotive, construction, and general industrial segments benefited from this trend. All three segments rely heavily on the pigmented area to create aesthetic appeal.
Furthermore, the automotive industry continues to grow, especially in the Asia-Pacific region, where the region has become a center for automotive manufacturing to meet new demands and consumers. The demands of the automotive industry are gradually moving towards aesthetics instead of functionality. This factor has increased the demand for new pigments, which require the development of colors to suit individual tastes.
The advancement in organic pigments is another factor supporting the market growth. The health and safety concerns of informed consumers and producers are reflected in the increased use of organic pigments, regardless of the price component. Inorganic pigments often contain lead, chromium and cadmium. Although they offer extreme color retention, the environmental impact of these organic pigments is of concern.
Additionally, if we expect a sustainable future, product development based on natural raw materials is the only solution. Recently, trends have moved towards bio-based raw materials, which significantly reduce the content of volatile organic compounds. Not only do these products offer a compelling value proposition, but they are also just as fast and have other similar features.
The high cost of organic pigments will be a major challenge for the organic pigment market. When end users choose organic pigments over lead-based inorganic pigments for environmental reasons, price becomes the deciding factor. The increased acceptance of these products has led to the competitive pricing of inorganic pigments that dominate the market and hybrid pigments that are slowly penetrating the pigment market.
In addition, if the demand for a certain shade is high, the price of the organic pigment will increase even more. Therefore, the high cost of organic pigments is expected to be a setback because it limits the research of their potential for other possible applications.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 16 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
In the market, demand is driven by diverse sectors like the animal feed nutrition industry, printing ink, and plastics sector. The market witnesses a surge due to consumer preference for environment-friendly products and the rising need for deep colors in various applications, including cosmetics, food packaging, and automotive coatings. With a focus on thermoplastics and ornamental coatings, manufacturers invest in continuous research and development to innovate natural pigments and synthetic organic pigments. This evolving market caters to niche applications like UV-Curable Inks and colored plastics, ensuring vibrant and ecologically friendly solutions for a wide range of industries.
Further, in the dynamic landscape of the market, Union Budget policies influence investment decisions while e-commerce drives sales channels. Pigment production thrives with a focus on ecologically friendly organic pigments and innovative pigment manufacturing techniques. Industries such as cosmetics industry, food and beverages industry, and packaging Industry these pigments for vibrant colors. Additionally, the automotive sector and ornamental and architectural coatings rely on them for aesthetic appeal. Advertising leaflets and catalogs benefit from their use, while UV-Cerable Inks open new possibilities for diverse applications.
Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.19% |
Market growth 2023-2027 |
USD 1.62 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.12 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 46% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
BASF SE, Changzhou Longyu Pigment Chemical Co. Ltd., Dainichiseika Color and Chemicals Mfg. Co. Ltd., DCL Corp., DIC Corp., Ferro Corp., Heubach GmbH, Jet-Mate Canada Inc., Lanxess AG, Neochem Technologies Pvt. Ltd., Organic Dyes and Pigments., Sensient Technologies Corp., Sudarshan Chemical Industries Ltd., Sun Chemical Corp., Synthesia AS, Toyo Ink Sc Holdings Co. Ltd., Trust Chem Co. Ltd., VIBFAST PIGMENTS Pvt. Ltd., Vipul Organics Ltd., and Yuhong Pigment Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.