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Organic Pigments Market by Type, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR45436
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The organic pigments market share is expected to increase by USD 1.18 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.18%.

This organic pigments market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers organic pigments market segmentation by application (printing inks, paints and coatings, plastics, and others), type (azo, phthalocyanine, and others), and geography (APAC, Europe, North America, South America, and MEA). The organic pigments market report also offers information on several market vendors, including 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 AG among others.

What will the Organic Pigments Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Organic Pigments Market Size for the Forecast Period and Other Important Statistics

 

Organic Pigments Market: Key Drivers, Trends, and Challenges

The population growth and demand for urbanized areas is notably driving the organic pigments market growth, although factors such as high cost of organic pigments may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the organic pigments industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Organic Pigments Market Driver

One of the key factors driving growth in the organic pigments market is the population growth and demand for urbanized areas. In recent years, the migration of individuals from rural to urban areas has been a cause of concern for many nations globally. This trend is being monetized by the automotive, construction, and general industrial segments. All three segments are highly dependent on the pigments sector for imparting aesthetic appeal. The automotive industry is growing unremittingly, especially in APAC, where the region has emerged as a manufacturing hub for automobiles with new requirements and consumer preferences. The requirements in the automotive industry are slowly becoming oriented toward aesthetics rather than functionality. This factor has increased the demand for novel pigments that impose entailing color development to cater to individual tastes.

Key Organic Pigments Market Trend

The advancement in organic pigments is another factor supporting the organic pigments market share growth. The health and safety concern among informed consumers and manufacturers is, in turn, reflecting on the increased use of organic pigments, irrespective of the price component. Inorganic pigments often contain lead, chromium, and cadmium. Although they offer supreme color fastness, the environmental implications of these organic pigments are a matter of concern. When we foresee a sustainable future ahead, product development based on natural raw materials is the only solution. Lately, trends have shifted toward bio-based raw materials that significantly reduce the VOC content. These products not only offer a compelling value proposition but also offer equal fastness and other similar functionalities.

Key Organic Pigments Market Challenge

The high cost of organic pigments will be a major challenge for the organic pigments market. Owing to environmental concerns, if end-users choose to opt for organic pigments over lead-based inorganic pigments, cost becomes a decisive factor. The increased acceptance of these products has resulted in competitive pricing with inorganic pigments, which dominate the market, and hybrid pigments, which are slowly penetrating into the pigments market. In addition, if the demand for a specific hue is high, the cost of that organic pigment is further intensified. Hence, the high prices of organic pigments are expected to be a setback as it limits the exploration of their uses in other potential applications.

This organic pigments market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the organic pigments market as a part of the global specialty chemicals market.  Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the organic pigments market during the forecast period.

Who are the Major Organic Pigments Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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
  • LANXESS AG

 

This statistical study of the organic pigments market encompasses successful business strategies deployed by the key vendors. The organic pigments market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • BASF SE  - The company offers organic pigments which have a color-based coating.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The organic pigments market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Organic Pigments Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the organic pigments market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of specialty the chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Organic Pigments Market?

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47% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for organic pigments in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increase in focus on development, rapid industrialization, and the flourishing automotive industry, especially in China and India will facilitate the organic pigments market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 affected the growth of several industries in the region, including the construction and automotive industries. In the regional construction industry, several projects were put on hold during the first half of 2020, owing to the lockdown measures implemented by governments of various countries in the region to ensure public safety. In addition, the delay in infrastructure development projects, including road, bridges, and tunnel constructions, adversely impacted the demand for paints and coatings. However, as the number of active COVID-19 cases declined during the second half of 2021, several markets, including the market in focus, gradually resumed business operations. The large-scale COVID-19 vaccination drives and adherence to social distancing norms are expected to drive the market’s growth during the forecast period.

What are the Revenue-generating Application Segments in the Organic Pigments Market?

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The organic pigments market share growth by the printing inks segment will be significant during the forecast period. Organic pigments are preferred in printing inks because inorganic pigments often fail to impart brilliance and have poor 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 sector.

This report provides an accurate prediction of the contribution of all the segments to the growth of the organic pigments market size and actionable market insights on post COVID-19 impact on each segment.

 

Organic Pigments Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.18%

Market growth 2021-2025

$ 1.18 billion

Market structure

Fragmented

YoY growth (%)

2.96

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 47%

Key consumer countries

US, China, Germany, Japan, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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 AG

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, 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.

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What are the Key Data Covered in this Organic Pigments Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive organic pigments market growth during the next five years
  • Precise estimation of the organic pigments market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the organic pigments industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of organic pigments market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Printing inks - Market size and forecast 2020-2025
  • Paints and coatings - Market size and forecast 2020-2025
  • Plastics - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Application

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Azo - Market size and forecast 2020-2025
  • Phthalocyanine - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • BASF SE
  • Clariant International Ltd.
  • Dainichiseika Color and Chemicals Mfg. Co. Ltd.
  • DCL Corp.
  • DIC Corp.
  • Ferro Corp.
  • Heubach GmbH
  • LANXESS AG
  • Sensient Technologies Corp.
  • Sun Chemical Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The organic pigments market growth will increase by $1181.31 million during 2021-2025.
The organic pigments market is expected to grow at a CAGR of 4.18% during 2021-2025.
Technavio has segmented the organic pigments market by type (Azo, Phthalocyanine, and Others) and geographic (APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA).
BASF SE, Clariant International Ltd., Dainichiseika Color and Chemicals Mfg. Co. Ltd., DCL Corp., DIC Corp., Ferro Corp., Heubach GmbH, LANXESS AG, Sensient Technologies Corp., Sun Chemical Corp. are a few of the key vendors in the organic pigments market.
APAC will register the highest growth rate of 46.63% among the other regions. Therefore, the organic pigments market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the organic pigments market growth are:
  • Population growth and demand for urbanized areas
The organic pigments market vendors should focus on grabbing business opportunities from the azo segment as it accounted for the largest market share in the base year.
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