The global organic pigments market has witnessed significant growth over the past few years owing to their wide applications in various end-use industries such as paints & coatings, printing inks, plastics, construction materials and others. Organic pigments offer better quality, high temperature resistance and color fastness properties as compared to inorganic pigments. The growing paints & coatings industry globally is one of the major consumers of organic pigments due to their excellent weather, light and chemical resistance along with improved color vibrancy and gloss retention properties. Organic pigments provide bright and intense colors for vehicles, buildings, industrial machineries and other applications driving their demand from paints & coatings industry.
The Global Organic Pigments Market is estimated to be valued at US$ 6.56 Bn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the global organic pigments market:
Key players in the global organic pigments market include 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. These companies are involved in new product launches, expansions, mergers & acquisitions to strengthen their market position.
Growing demand from end-use industries:
The increasing demand for paints & coatings from construction and automotive industries is expected to drive the demand for organic pigments over the forecast period. Global Organic Pigments Market Size the growth of packaging, textile and plastic industries will positively impact the market growth during the analysis period.
Global Expansion:
Manufacturers are focusing on expanding their production facilities globally especially in Asia Pacific and Middle East & Africa to cater to the growing demand from end-use industries. Technological advancements in the production process are further expected to positively influence industry growth.
Market Drivers:
Rising investments in infrastructure development projects across the globe are fueling the consumption of organic pigments in construction chemicals and paints & coatings applications. Additionally, stringent regulations regarding the use of heavy metals in pigments are rendering organic pigments more environment-friendly and thus boosting their adoption over inorganic pigments especially in developed regions.
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