organic pigments market is to be valued at USD 6.56 Bn in 2024 and is expected to reach USD 9.48 Bn by 2031, exhibiting a (CAGR) of 5.4% from 2024 to 2031.

BURLINGAME, CALIFORNIA, UNITED STATES, May 24, 2024 /EINPresswire.com/ -- Market Overview:

Organic pigments are insoluble colorants made by either synthetic or natural sources. They are commonly employed in applications such as paints & coatings, plastics, printing inks amongst others owing to their excellent opacity, weatherfastness and color strength.

Market Dynamics:

The global organic pigments market is experiencing high growth due to increasing demand from paints & coatings industry. Paints & coatings account for over 50% of global organic pigments consumption owing to their properties such as high resistance to weathering and heat. Additionally, increasing construction activities along with growing automotive production is further facilitating the market growth of organic pigments globally. Furthermore, shifting consumer preference towards eco-friendly products is proliferating the demand for organic pigments in several end-use industries as they exhibit lower toxicity compared to inorganic pigments.

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Global Organic Pigments Market Drivers:

Increasing Demand from Paints and Coatings Industry

Organic pigments are widely used in the paints and coatings industry and account for a major share of overall organic pigments consumption. The paints and coatings industry is growing at a healthy pace, especially in emerging economies due to rapid urbanization and industrialization. The demand for paints and decorative coatings from the construction industry is expected to drive the organic pigments market during the forecast period.

Rising Use of Organic Pigments in Printing Ink Applications

Organic pigments have superior properties compared to inorganic pigments including heat resistance, lightfastness, and tinting strength. These properties make organic pigments suitable for various printing applications. The demand for printing inks is increasing from diverse end-use industries such as packaging, publishing, and commercial printing. This increasing demand for printing inks is projected to fuel the growth of the global organic pigments market in the coming years.

Rising Demand for Eco-Friendly Pigments

In recent years, concerns over health and environmental hazards posed by certain azo and metal complexes pigments have increased. As a result, manufacturers are developing novel environment-friendly pigment technologies using renewable resources. Natural and plant-based pigments are gaining widespread acceptance as sustainable alternatives. The move towards green chemistry and sustainability in the pigments industry presents new growth prospects. To leverage the trend, companies are investing in R&D for innovating bio-based organic pigments with enhanced performance characteristics.

Worldwide major and leading players within the market are:

★ SABIC
★ 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
★ Vipul Organics Ltd.
★ Qualitron Chemicals
★ Colors India
★ Navpad Pigments
★ Pure Chemicals
★ Sparkem
★ Pravin Dyechem Pvt. Ltd

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Segmental Overview

Global Organic Pigments Market segmentation offers an in-depth analysis of the various segments of the market, including application, type, end use, and region. The segmentation overview section offers crucial information about the market share, sales, and growth rate for each of the segments over the forecast period. Moreover, an examination of the relative multitude of significant sub-portions in the market has been canvassed in the report.Having a knowledge about the various segments and sub-segments helps businesses recognize the importance of factors that drive industry growth.

The titled segments and sub-section of the Global Organic Pigments market are illuminated below:

Global Organic Pigments Market, By Product Type:

★ By Type: Azo, Pthalocyanine, HPPs, Others

Global Organic Pigments Market, By Applications:

★ By Application: Printing inks, Paints & coatings, Plastics, Others

Regional Analysis for Global Organic Pigments Market:

📍 North America (United States, Canada, and Mexico)
📍 Europe (Germany, France, UK, Russia, and Italy)
📍 Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
📍 South America (Brazil, Argentina, Colombia, etc.)
📍 The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Key Highlights of the Report

Offers a comprehensive and holistic analysis of the Global Organic Pigments Market.
Evaluates the competitive environments, covering partnerships, joint ventures, acquisitions, and organic growth.
Provides forecast information related to every region and sub-region of the Global Organic Pigments market.
Includes information on the key opportunities and challenges faced by key industry players worldwide.
Covers the Global Organic Pigments market’s current and future market outlook on industry drivers, market restraints, and regional constraints.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Global Organic Pigments market?
➥ What current trends will influence the Global Organic Pigments market over the next few years?
➥ What are the market’s opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular Global Organic Pigments market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

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