Organic Pigments Market

Organic Pigments Market

Organic Pigments Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027

  • XPLREP5455

  • March, 2020

  • 170 Pages

  • Chemicals

Expansion Spree to Drive the Organic Pigments Market

As per a report published on XploreMR, the global organic pigments market is expected to witness a stupendous growth between 2020 and 2030. Organic pigments find their presence in textile, rubber, plastic, coatings and paints, and printing inks industry. The paint market is bolstered by increase in infrastructure spending. This, in turn, has resulted in increase in demand for organic pigments, as people are moving towards the organic world.

The cosmetic industry is another vertical expected to drive the market due to negligible side-effects. North America and Europe are already at the saturation stage regarding organic pigments market. The trend has already started catching up in the developing economies of Asia-Pacific.

However, at the same time, the supply chain is disrupted in the wake of Covid-19. As such, the volatility on the count of raw materials has slowed down the market. This situation is expected to persist till the end of 2020. Normalcy is expected to be restored by the year 2021.

Out of natural and synthetic organic pigments, synthetic organic pigments are preferred by end-use industries due to their durability (they are derived from petroleum compounds). They find applications in the form of mass colorants in the surface-coating paints, plastics, synthetic fibres, and inks and also in opto-electronic displays, photo-reprographics, and optical data storage. Organic natural pigments could be traced to animal and plant sources.

Also, costlier organic pigments in comparison with their counterparts (inorganic pigments) are bound to restrain the market.

Insights by Region

As stated above, Asia-Pacific is expected to create ripples in the organic pigments market. This could be credited to growing expenditure of governments in “smart cities” initiatives, growth in construction activities all cross the countries like India and China.

Latin America is also expected to be pretty fast, due to the ever-increasing approach regarding designing and development of products to suit the altering requirements for upcoming technologies, along with the major paint producers having their branches in Argentina and Brazil.

Out of Azo pigments, phthalocyanine pigments, and HPPs (High-Performance Pigments), HPPs are expected to rule the roost and the status quo is expected to remain unchanged in the years to come as well.

Competitive Analysis

The major players in the organic pigments market include Heubach Group, Lily Group, KolorJet Chemicals, PYOSA, Ruian Baoyuan, Hongyan Pigment, Yuhong New Plastic, Huntsman, Sudarshan Chemicals, Toyoink, Clariant, Jeco Group, BASF, Apollo Colors, Sanyo Color Works, Cappelle Pigment, FHI, Shuangle, Flint Group, Xinguang, Dainichiseika, Sunshine Pigment, DCC, North American Chemical, and DIC.

Organic expansion has been the agenda of these players, which has helped them stand in a good stead so far.

For instance –

  • Clariant, in May 2018, did come up with 2 novel organic pigments – Ink Jet Orange GR VP6102 and Ink Jet Magenta E-S VP6057 for inkjet application. Since then, the company’s product portfolio has upscaled.
  • Heubach, in Feb 2018, announced expansion of its novel production plant all over Pennsylvania. The company started with production of anti-corrosive pigments herein with yearly production capacity spanning 4,000 tons.

Prior to these, BASF had gone for expansion of organic pigments production capacities across Germany and China. Germany witnessed expansion of alpha blue pigments’ production capacity and China of high-performance diketopyrrolopyrrole pigments. At the same time, Sudarshan Chemical Industries did announce incorporating a WOS (wholly owned subsidiary) in China. It was meant to cater to key customers all across China.

Global Organic Pigments Market – Scope of the Report

The following report provides forecast and analysis of the global organic pigments market along with the historical data of 2013, estimated data 2019 and forecast data up to 2027 in terms of value (US$ Mn) and volume (Tons), according to a XploreMR study. The research propounds critical trends that are currently influencing growth within the global organic pigments market along with several macro-economic indicators. This newly published and insightful report on organic pigments sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global organic pigments market.

The report also comprises the study of current issues with end users and opportunities for organic pigments. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of organic pigments manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the organic pigments market provided in the report adds to the credibility of this exhaustive research study.

Global Organic Pigments Market: In-Depth Assessment on Key Segments

The global organic pigments market is segmented on the basis of type, application and region.

Type

Application

Region

Azo Pigments

Printing Inks

North America

Phthalocyanine Pigments

Paints & Coatings

Latin America

High Performance Pigments

Plastics & Rubber

Europe

 

Others (Textile, Paper, Leather, etc.)

East Asia

 

 

South Asia & Oceania

 

 

Middle East & Africa

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited. 

Country-specific assessment on demand for organic pigments has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous organic pigments manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global organic pigments market. Some of the major competitors operating in the organic pigments market are BASF SE, Clariant AG, DIC Corporation, Heubach GmbH, LANXESS and others.

Global Organic Pigments Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the organic pigments market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the organic pigments market, which includes global GDP growth rate, various industries growth rate, such as printing inks, paints & coatings, plastics & rubber and others. This report serves as an authentic resource of intelligence on the organic pigments market, enabling the readers to take fact-based decisions on the future direction of their businesses.

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