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Organic Pigments Market By Type, By End Use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 350 Pages
  • November 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725125
The organic pigments market attained $5.6 billion in 2021 and is projected to reach $8.4 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.

Organic pigment-colored substance is generated from a plant with pigment properties. It is a class of insoluble organic compounds with a high coloring strength and qualities such as resistance to sunlight & flooding, resistance to acids & alkalis, resistance to organic solvents, resistance to heat, and excellent dispersion properties. They are utilized in ink, paint, and the production of polymers & rubber. As a filler and reinforcing agent, it is utilized in numerous applications, such as coloring agents for plastics and synthetic fibers and in the rubber sector.

In industries such as cosmetics, textiles, medicines, and polymers, the demand for pigments that are durable, temperature-resistant, and highly concentrated has expanded due to favorable regulatory regimes. The market is growing because more high-performance pigments are being used in a variety of end-use industries around the world. In addition, rising income levels and population increase will accelerate the market growth rate for high performance pigments. In addition, a growing awareness of the climate and a sound regulatory framework will drive market value expansion. It is anticipated that the increase in the number of cars and construction activities, as well as the rapid industrial expansion of industries such as plastics, textiles, and infrastructure, will stimulate the growth of the market. The increasing demand for inorganic pigments poses a commercial issue. Even more than organic pigments, inorganic pigments are in high demand. In recent years, this product's price has steadily grown. These elements may inhibit the demand for organic pigments. The market for inorganic pigments features a vast array of replacements and products. Due to these market obstacles, there may be a major decline in demand for organic pigments.

The market is challenged by several substitutes and alternatives. These characteristics may result in intense competition among these markets. All of these obstacles can hinder the market expansion rate for organic pigments. Demand from rising economies will generate numerous market expansion opportunities. The building industry is the fastest-growing sector for organic pigments. Particularly prevalent in contemporary architecture is the use of organic colors. Not only are the exteriors of the buildings and structures attractive, however they also have wall-protecting elements. Numerous end-users are attracted to organic pigments for these reasons. The delicate, brilliant hue of this organic pigment is beneficial in numerous constructions. Most structures in developing countries demand strong tinting strength and good dispersion.

The organic pigments market is segmented into type, end-use industry, and region. Depending on type, the market is divided into azo pigments, phthalocyanine pigments, high-performance pigments, alizarin, arylide, and others. On the basis of end-use industry, it is categorized into paints & coatings, automotive, plastics, printing inks, packaging, textile, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global organic pigments market are BASF SE, Clariant, DIC Corporation, Ferro Corporation, LANXESS, Sudarshan Chemical Industries Limited, Sun Chemical, Synthesia a. s., TOYOCOLOR CO., LTD, and Trust Chem Co. Ltd. Other players operating in the market are Heubach GmbH, Dainichiseika Color & Chemicals Mfg. Co. Ltd, Changzhou Longyu Pigment Chemical Co. Ltd, Pidilite Industries Ltd and Sensient Technologies Corporation.

Key findings of the study

On the basis of type, the high-performance pigments (HPPs) segment is expected to grow at a CAGR of 4.7%, in terms of revenue, during the forecast period.

Depending on the end-use industry, the paints and coatings segment is expected to grow at high CAGR in terms of revenue, during the forecast period.

Region-wise, Asia-Pacific garnered the highest share in 2021 in terms of revenue.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the organic pigments market analysis from 2021 to 2031 to identify the prevailing organic pigments market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the organic pigments market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global organic pigments market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Azo Pigments
  • Phthalocyanine Pigments
  • High Performance Pigments (HPPs)
  • Alizarin
  • Arylide
  • Others

By End Use Industry

  • Textile
  • Others
  • Paints and Coatings
  • Automotive
  • Plastics
  • Printing Inks
  • Packaging

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • LANXESS
  • Clariant
  • Synthesia a. s.
  • Sudarshan Chemical Industries Limited
  • Trust Chem Co. Ltd
  • TOYOCOLOR CO., LTD
  • dic corporation
  • BASF SE
  • Sun Chemical
  • Ferro Corporation

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increased demand for organic pigments in the plastic packaging industry
3.4.1.2. Increased demand for high-performance pigments from various end-use industries

3.4.2. Restraints
3.4.2.1. High cost of organic pigments

3.4.3. Opportunities
3.4.3.1. Increasing demand for organic pigments from building and construction industry

3.5. COVID-19 Impact Analysis on the market
3.6. Pricing Analysis
3.7. Patent Landscape
3.8. Regulatory Guidelines
3.9. Value Chain Analysis

CHAPTER 4: ORGANIC PIGMENTS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Azo Pigments
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Phthalocyanine Pigments
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 High Performance Pigments (HPPs)
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5 Alizarin
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6 Arylide
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
4.7 Others
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market share analysis by country

CHAPTER 5: ORGANIC PIGMENTS MARKET, BY END USE INDUSTRY
5.1 Overview
5.1.1 Market size and forecast
5.2 Paints and Coatings
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Automotive
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Plastics
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Printing Inks
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6 Packaging
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country
5.7 Textile
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market share analysis by country
5.8 Others
5.8.1 Key market trends, growth factors and opportunities
5.8.2 Market size and forecast, by region
5.8.3 Market share analysis by country

CHAPTER 6: ORGANIC PIGMENTS MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by End Use Industry
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Type
6.2.4.1.3 Market size and forecast, by End Use Industry
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Type
6.2.4.2.3 Market size and forecast, by End Use Industry
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Type
6.2.4.3.3 Market size and forecast, by End Use Industry
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by End Use Industry
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Type
6.3.4.1.3 Market size and forecast, by End Use Industry
6.3.4.2 UK
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Type
6.3.4.2.3 Market size and forecast, by End Use Industry
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Type
6.3.4.3.3 Market size and forecast, by End Use Industry
6.3.4.4 Spain
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Type
6.3.4.4.3 Market size and forecast, by End Use Industry
6.3.4.5 Italy
6.3.4.5.1 Key market trends, growth factors and opportunities
6.3.4.5.2 Market size and forecast, by Type
6.3.4.5.3 Market size and forecast, by End Use Industry
6.3.4.6 Rest of Europe
6.3.4.6.1 Key market trends, growth factors and opportunities
6.3.4.6.2 Market size and forecast, by Type
6.3.4.6.3 Market size and forecast, by End Use Industry
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by End Use Industry
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Type
6.4.4.1.3 Market size and forecast, by End Use Industry
6.4.4.2 India
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Type
6.4.4.2.3 Market size and forecast, by End Use Industry
6.4.4.3 Japan
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Type
6.4.4.3.3 Market size and forecast, by End Use Industry
6.4.4.4 South Korea
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Type
6.4.4.4.3 Market size and forecast, by End Use Industry
6.4.4.5 Australia
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Type
6.4.4.5.3 Market size and forecast, by End Use Industry
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Key market trends, growth factors and opportunities
6.4.4.6.2 Market size and forecast, by Type
6.4.4.6.3 Market size and forecast, by End Use Industry
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by End Use Industry
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Type
6.5.4.1.3 Market size and forecast, by End Use Industry
6.5.4.2 Saudi Arabia
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Type
6.5.4.2.3 Market size and forecast, by End Use Industry
6.5.4.3 South Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Type
6.5.4.3.3 Market size and forecast, by End Use Industry
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Key market trends, growth factors and opportunities
6.5.4.4.2 Market size and forecast, by Type
6.5.4.4.3 Market size and forecast, by End Use Industry

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.5. Top player positioning, 2021

CHAPTER 8: COMPANY PROFILES
8.1 Synthesia a. s.
8.1.1 Company overview
8.1.2 Key Executives
8.1.3 Company snapshot
8.1.4 Operating business segments
8.1.5 Product portfolio
8.1.6 Business performance
8.1.7 Key strategic moves and developments
8.2 LANXESS
8.2.1 Company overview
8.2.2 Key Executives
8.2.3 Company snapshot
8.2.4 Operating business segments
8.2.5 Product portfolio
8.2.6 Business performance
8.2.7 Key strategic moves and developments
8.3 Sudarshan Chemical Industries Limited
8.3.1 Company overview
8.3.2 Key Executives
8.3.3 Company snapshot
8.3.4 Operating business segments
8.3.5 Product portfolio
8.3.6 Business performance
8.3.7 Key strategic moves and developments
8.4 Clariant
8.4.1 Company overview
8.4.2 Key Executives
8.4.3 Company snapshot
8.4.4 Operating business segments
8.4.5 Product portfolio
8.4.6 Business performance
8.4.7 Key strategic moves and developments
8.5 Sun Chemical
8.5.1 Company overview
8.5.2 Key Executives
8.5.3 Company snapshot
8.5.4 Operating business segments
8.5.5 Product portfolio
8.5.6 Business performance
8.5.7 Key strategic moves and developments
8.6 Trust Chem Co. Ltd
8.6.1 Company overview
8.6.2 Key Executives
8.6.3 Company snapshot
8.6.4 Operating business segments
8.6.5 Product portfolio
8.6.6 Business performance
8.6.7 Key strategic moves and developments
8.7 TOYOCOLOR CO., LTD
8.7.1 Company overview
8.7.2 Key Executives
8.7.3 Company snapshot
8.7.4 Operating business segments
8.7.5 Product portfolio
8.7.6 Business performance
8.7.7 Key strategic moves and developments
8.8 Ferro Corporation
8.8.1 Company overview
8.8.2 Key Executives
8.8.3 Company snapshot
8.8.4 Operating business segments
8.8.5 Product portfolio
8.8.6 Business performance
8.8.7 Key strategic moves and developments
8.9 dic corporation
8.9.1 Company overview
8.9.2 Key Executives
8.9.3 Company snapshot
8.9.4 Operating business segments
8.9.5 Product portfolio
8.9.6 Business performance
8.9.7 Key strategic moves and developments
8.10 BASF SE
8.10.1 Company overview
8.10.2 Key Executives
8.10.3 Company snapshot
8.10.4 Operating business segments
8.10.5 Product portfolio
8.10.6 Business performance
8.10.7 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Organic Pigments Market,' The organic pigments market was valued at $5.6 billion in 2021, and is estimated to reach $8.4 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.

Carbon molecules synthesized in a laboratory are organic pigments. Animals and flowers contain the pigments that occur in nature. The natural pigments come in an assortment of rich hues. These natural pigments include the hues rose, deep red carmine, and crimson. These natural colors do contain some poisons, though. The market for organic pigments is experiencing a surge in demand as a result. There are numerous unique characteristics of these organic pigments that increase their demand. These pigments' advantages include their high-water solubility and organic solvents. Organic pigments are composed of acids, petroleum compounds, and other chemicals. These simple-to-manufacture organic pigments are currently preferred by industries. Organic pigments are distinguished by their resistance, chemical stability, light fastness, brilliant color, and high transparency.

In numerous areas, the need for organic pigments is rising. Automobiles, electronics, plastics, cosmetics textiles, construction, and personal care products are industries that use these organic pigments. Increasingly, organic pigments are being used in the painting business. Market expansion benefits from demand from a variety of industries. This product will be extensively utilized in the coming years. In the next years, these factors will increase the market value of organic pigments globally. Increasing demand for aesthetically pleasing designs in plastic packaging is expected to drive market expansion during the forecast period. High levels of competition increase the demand for product distinctiveness, which in turn increases the significance of aesthetics in plastic packaging. The increasing demand for organic pigments is a result of the need to make items more appealing to attract customers. The strong coloring strength of organic pigments enables the provision of bespoke colors and a wide range of color tones, thereby enhancing the aesthetics and desirability of the product.

In addition, stringent laws surrounding the use of printing inks in food packaging are increasing the demand for organic pigments that are favorable to the environment. Food packaging safety has become a global problem, and there is a growing awareness among concerned communities over the potential transfer of package color into food products. High-quality organic pigments are color and viscosity stable. These are readily printable on a variety of media. Increasing demand for a vast range of FDA-approved pigments, such as yellow, green, and other coloring agents, is expected to drive market expansion during the forecast period. Producing organic pigments, particularly synthetic organic pigments, is more expensive. The production of synthetic pigments requires a large degree of chemical processing, which raises the unit cost. Increasing costs connected with creating and shipping organic pigments, as well as the rising cost of raw materials, led to the development of pricey final goods.

Other issues faced by the organic pigments market, particularly in Europe and North America, include the need to meet strict regulatory standards and rising customer expectations about pigment performance. Organic pigments are more expensive than inorganic pigments, which limits their use in the paints & coatings and printing inks sectors. Demand from rising economies will generate numerous market expansion opportunities. The building industry is the fastest-growing sector for organic pigments. Particularly prevalent in contemporary architecture is the use of organic colors. Not only are the exteriors of the buildings and structures attractive, however they also have wall-protecting elements. Numerous end-users are attracted to organic pigments for these reasons. The delicate, brilliant hue of this organic pigment is beneficial in numerous constructions. Most structures in developing countries demand strong tinting strength and good dispersion.

For the purpose of analysis, the global pigments market scope covers segmentation based on type, end-use industry, and region. The report provides information on several types, including azo pigments, phthalocyanine pigments, high-performance pigments, alizarin, arylide, and others. Furthermore, the end-use industry covered in the study includes paints and coatings, automotive, plastics, printing inks, packaging, textile, and others. In addition, it analyzes the current market trends across different regions, such as North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global organic pigments market are BASF SE, Clariant, DIC Corporation, Ferro Corporation, LANXESS, Sudarshan Chemical Industries Limited, Sun Chemical, Synthesia a.s., TOYOCOLOR CO., LTD, Trust Chem Co. Ltd.

Key findings of the study

On the basis of type, the high-performance pigments (HPPs) segment is expected to grow at a CAGR of 4.7%, in terms of revenue, during the forecast period.

Depending on the end-use industry, the paints and coatings segment is expected to grow at a high CAGR in terms of revenue, during the forecast period.

Region-wise, Asia-Pacific garnered the highest share in 2021 in terms of revenue.

Companies Mentioned

  • Lanxess
  • Clariant
  • Synthesia A.S.
  • Sudarshan Chemical Industries Limited
  • Trust Chem Co. Ltd.
  • Toyocolor Co. Ltd.
  • Dic Corporation
  • BASF SE
  • Sun Chemical
  • Ferro Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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