The market for organic pigments will have grown from US$ 4.3 billion to US$ 6.5 billion. From 2023 to 2033, this represents a CAGR of more than 4.0%.The organic pigments market refers to the market for pigments that are derived from organic compounds and are widely used in various applications such as printing inks, paints and coatings, plastics, and textiles. Organic pigments are preferred over inorganic pigments due to their superior properties such as brightness, color purity, and resistance to heat, light, and weathering.

The market for organic pigments is driven by several factors such as the increasing demand for high-performance and eco-friendly pigments, growth in the end-use industries, and the rising demand for aesthetic appeal in products. Additionally, the advancements in pigment manufacturing techniques, such as the use of nanotechnology and sustainable raw materials, are contributing to the market growth.

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The market is also influenced by government regulations and policies related to environmental sustainability and safety. Governments around the world are implementing various initiatives to promote eco-friendly and sustainable manufacturing practices, which has further fueled the market growth

Organic Pigments Market – Key Takeaways

• Azo based pigments remain the sought-after, with a share of 50% in market value.
• Applications in printing inks are projected to account for about half of total usage, owing to significant use of organic pigments in visual effects and other applications.
• Market share of high-performance pigments (HPP) to grow by 1.4X owing to growing inclination toward expensive pigments.
• Market in East Asia, South Asia, and Oceania is witnessing remarkable growth, accounting for a collective revenue share of 40% in global market.
• North America accounts for nearly 1/5^th of global value, owing to demand from the printing inks and plastic industries.

Organic Pigments Market – Key Driving Factors

• The surge in demand from automotive and construction industries of developing economies is presenting growth opportunities for manufacturers.
• Organic pigments are finding applications in niche end-use segments such as the production of advertising and packaging leaflets, owing to their ability to provide a bright and intense display of colors.
• Manufacturers in end-use segments are opting for organic pigments as a befitting alternative to artificial pigments due to environmental factors, thereby further propelling the demand.

Competition Landscape

Some of the key players in the organic pigments market are BASF SE, Clariant AG, DIC Corporation, and Heubach GmbH among others. The market players are cashing on the shift away from inorganic pigments, and hence are investing in developing a wide range of high-performance environmentally-friendly alternatives.

Key Companies Profiled

• BASF SE
• Clariant AG
• Dominion Colour Corporation
• Ferro Corporation
• Heubach GmbH
• Sudarshan Chemical Industries Ltd.
• Sun Chemical Corporation
• DIC Corporation
• Pidilite Industries Ltd.
• Toyocolor Co. Ltd.
• Sensient Technologies Corporation
• Trust Chem Co. Ltd.
• LANXESS AG