The Global Organic Pigment Market Size accounted for USD 5.8 Billion in 2022 and is projected to achieve a market size of USD 8.2 Billion by 2032 growing at a CAGR of 3.6% from 2023 to 2032.
Organic Pigment Market Key Highlights
Organic pigments are a class of pigments that are derived from carbon-based molecules. They are widely used in various industries such as paints and coatings, printing inks, plastics, and textiles, among others. Organic pigments offer several advantages over inorganic pigments, such as high color strength, lightfastness, and heat stability, making them ideal for use in various applications. The use of organic pigments has also gained popularity due to their eco-friendliness, as they are derived from natural sources and have minimal impact on the environment.
The global organic pigment market value has been experiencing steady growth over the past few years, and this trend is expected to continue in the coming years. The growth of the market can be attributed to several factors, such as the increasing demand for eco-friendly and sustainable products, the growth of the automotive industry, and the expansion of the construction and infrastructure sectors. Additionally, the increasing demand for high-performance pigments and the rise in disposable income in developing countries are also expected to fuel the organic pigment market growth.
Global Organic Pigment Market Trends
Organic Pigment Market Report Coverage
|Market||Organic Pigment Market|
|Organic Pigment Market Size 2022||USD 5.8 Billion|
|Organic Pigment Market Forecast 2032||USD 8.2 Billion|
|Organic Pigment Market CAGR During 2023 - 2032||3.6%|
|Organic Pigment Market Analysis Period||2020 - 2032|
|Organic Pigment Market Base Year||2022|
|Organic Pigment Market Forecast Data||2023 - 2032|
|Segments Covered||By Type, By End-user Industry, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||BASF SE, Clariant International Ltd., DIC Corporation, Heubach GmbH, Huntsman Corporation, Kiri Industries Limited, LANXESS AG, Merck KGaA, Sudarshan Chemical Industries Limited, Synthesia, a.s., Trust Chem Co., Ltd., and Vibfast Pigments Pvt. Ltd.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis|
Modernly, a pigment is any finely partitioned insoluble dark, white, or hued strong material, a noteworthy capacity of which is to enhance the presence of or offer to shade to the medium in which it is to be utilized. Natural colors depend on carbon chains and carbon rings. In any case, they can likewise contain metallic (inorganic) components that assist and balance out the properties of the natural segment. Carbon chains or carbon rings are constantly present in the atoms of organic pigments. The primary source of natural shades is plants and plant items.
Properties of organic pigments such as resistance to light, heat, and weathering and good tinctorial strength make it a preferred choice in a number of industrial and consumer applications. It is cost-effective, non-toxic, and displays good color strength. Organic pigments are used in applications such as printing inks, paints, plastics, elastic and other applications such as cosmetics, food products, and others. Organic pigments offer numerous astounding exhibitions to the end product, such as shading, toughness, portability, and proper consistency. In printing inks, plastics, and synthetic fibers, organic pigments are used as coloring agents to offer excellent shading; and in the elastic business, they can be utilized as fillers and strengthening specialists. Thus, the makers of plastic, ink, paint, elastic, and others hugely benefited by increasing quality and the use of organic pigments.
Organic Pigment Market Segmentation
The global organic pigment market segmentation is based on type, end-user industry, and geography.
Organic Pigment Market By Type
In terms of types, the high performance pigments (HPPs) segment has seen significant growth in the organic pigment industry in recent years. HPPs are a class of organic pigments that exhibit superior properties such as high lightfastness, heat stability, chemical resistance, and durability. These properties make them ideal for use in high-end applications such as automotive coatings, industrial coatings, and high-quality printing inks. The growth of the HPPs segment can be attributed to several factors, such as the increasing demand for high-quality pigments in various industries, the growing trend of customization and personalization, and the rise in disposable income in developing countries. Additionally, the increasing adoption of HPPs in the automotive industry is also expected to drive the growth of this segment. The automotive industry is one of the largest consumers of HPPs, as these pigments offer excellent weathering resistance and color stability, making them ideal for use in exterior coatings.
Organic Pigment Market By End-user Industry
According to the organic pigment market forecast, the paints and coatings segment is expected to witness significant growth in the coming years. Organic pigments are extensively used in the paints and coatings industry, as they offer a wide range of colors, high color strength, excellent color stability, and good durability. Additionally, organic pigments are also known for their eco-friendliness and low toxicity, making them ideal for use in various applications, including architectural coatings, automotive coatings, and industrial coatings. The growth of the paints and coatings segment can be attributed to several factors, such as the increasing demand for sustainable and eco-friendly coatings, the growth of the construction and infrastructure sectors, and the expansion of the automotive industry. Additionally, the increasing demand for customized and differentiated coatings is also driving the growth of this segment.
Organic Pigment Market Regional Outlook
The Middle East & Africa
Organic Pigment Market Regional Analysis
Asia-Pacific is currently dominating the organic pigment market due to several factors, such as the region's rapid industrialization, growth of the construction and infrastructure sectors, and the increasing demand for eco-friendly products. The region is home to several emerging economies, such as China, India, and Southeast Asian countries, which are witnessing rapid urbanization and industrialization, driving the demand for organic pigments. Additionally, the increasing disposable income of the population in these countries is leading to a rise in the consumption of high-quality and sustainable products, including organic pigments. Furthermore, the growth of the construction and infrastructure sectors in the Asia-Pacific region is also driving the demand for organic pigments. The region is witnessing a significant rise in construction activities, especially in China and India, owing to the increasing demand for residential and commercial buildings. Organic pigments are extensively used in architectural coatings and paints, which are used for both interior and exterior applications, providing enhanced aesthetics and durability.
Organic Pigment Market Player
Some of the top organic pigment market companies offered in the professional report include BASF SE, Clariant International Ltd., DIC Corporation, Heubach GmbH, Huntsman Corporation, Kiri Industries Limited, LANXESS AG, Merck KGaA, Sudarshan Chemical Industries Limited, Synthesia, a.s., Trust Chem Co., Ltd., and Vibfast Pigments Pvt. Ltd.
The market size of organic pigment was USD 5.8 Billion in 2022.
The CAGR of organic pigment is 3.6% during the analysis period of 2023 to 2032.
The key players operating in the global market are including BASF SE, Clariant International Ltd., DIC Corporation, Heubach GmbH, Huntsman Corporation, Kiri Industries Limited, LANXESS AG, Merck KGaA, Sudarshan Chemical Industries Limited, Synthesia, a.s., Trust Chem Co., Ltd., and Vibfast Pigments Pvt. Ltd.
Asia-Pacific held the dominating position in organic pigment industry during the analysis period of 2023 to 2032.
North America region exhibited fastest growing CAGR for market of organic pigment during the analysis period of 2023 to 2032.
The current trends and dynamics in the organic pigment industry include growing demand for eco-friendly and sustainable products, and rising adoption for high-performance pigments.
The paints and coatings end-user industry held the maximum share of the organic pigment industry.