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Allied Market Research

Organic Pigments Market by Type (Azo Pigments, Phthalocyanine Pigments, High Performance Pigments (HPPs), and Others), Source (Natural Organic Pigments and Synthetic Organic Pigments), and End-Use Industry (Printing Inks, Paints & Coatings, and Plastics, and Others (Textiles, Cosmetics, and Food)): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12122
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Sep 2021 | 112 Views
   
Author(s) : Eswara Prasad
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Organic Pigments Market Analysis 2021-2028

An organic pigment is an organic molecule that functions as a pigment, changing the color of reflected or transmitted light by wavelength-selective absorption. They can be found in both natural and synthetic forms. The majority of natural organic colors come from either plants or animals. Rose or crimson madder root dyes, deep red carmine made from the dried bodies of female wingless scale insects, a dark red resin exuded from the fruit of the rattan palm, dark blue indigo made from the fermented Gray-green leaves and flowering stalks of over 30 related plant species, and many others are among the natural organic pigments. Synthetic organic pigments are carbon-based molecules made by applying extreme heat or pressure to petroleum compounds, acids, and other chemicals. Today's sectors increasingly prefer organic pigments created from synthetic sources. Chemical resistance and light fastness, chemical stability, brilliant and strong color, and superb transparency are all features of these pigments. Paints and coatings, plastics, textiles, automotive, electronics, construction, and personal care and cosmetics sectors all use the substance because of its qualities.

Market scope and Structure Analysis

Report Metric

Detail

 Base year considered

  2020

 Forecast period

  2021-2030

 Forecast unit

  Value (USD)

 Segments Covered

  Type, Source, End-Use Industry and Region

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Companies Covered

BASF SE (Germany), Heubach GmbH (Germany), Clariant (Switzerland), Trust Chem Co. Ltd (China), DIC Corporation (Japan), Changzhou Longyu Pigment Chemical Co. Ltd (China), Ferro Corporation (U.S), Toyocolor Co. Ltd (Japan), Sudarshan Chemical Industries Limited (India), Synthesia AS (Czech Republic), and Dainichiseika Color Co. Ltd (China)

 

Covid-19 Impact Analysis

  • COVID-19 had a negative influence on the market in 2020. The market for organic pigments has been influenced by a disrupted global supply chain, as well as lower demand from numerous end-user sectors such as paints & coatings, plastics, textiles, and others.
  • The paints and coatings industry are the largest consumer of the organic pigments but amid lockdown the manufacturers have halted their production activities resulted in downfall in the demand for organic pigments.
  • In the future, the rising demand for dependable commercial items, such as 3D printing materials, is projected to present an opportunity.

Top Impacting Factors

During the projected period, the increased usage of the product in the paints and coatings, plastics, and textile sectors is likely to fuel worldwide market expansion. Organic pigments are frequently utilized in the plastics and textile industries as colorants. The plastics sector is seeing fast expansion because of the widespread use of plastics in packaging applications. This is expected to increase demand for organic pigments and drive worldwide market expansion in the coming years. During the projected period, the increased usage of the product in the paints and coatings, plastics, and textile sectors is likely to fuel worldwide market expansion. Organic pigments are frequently utilized in the plastics and textile industries as colorants. The plastics sector is seeing fast expansion because of the widespread use of plastics in packaging applications. This is expected to increase demand for organic pigments and drive worldwide market expansion in the coming years. The growing demand for organic pigments in the creation of printing inks is expected to be a significant driver of worldwide market expansion.

Market trends

  • The key market drivers include stricter rules for the use of printing inks in food contact materials, rising demand for organic pigments from end-use industries such as textiles, plastics, and cosmetics, and rapid urbanization in Asia-Pacific emerging areas.
  • Heavy metals such as iron oxide, titanium dioxide, and cadmium, which are harmful to humans, are found in inorganic pigments.
  • Organic pigments have greater costs than inorganic pigments, owing to the volatility of raw material prices, such as copper Phthalocyanine and other aromatic hydrocarbons, which is predicted to stifle market growth.
  • The organic pigments market is substantially smaller than the market for inorganic pigments. As a result, inorganic pigment producers benefit from economies of scale, but organic pigment manufacturers do not, raising the price of the product.
  • Paints and coatings are employed in both the interior and exterior portions of automobiles in the automobile industry because they provide protection and aesthetic appeal. They are employed in both metallic and plastic car components.
  • The major purpose of automobile coatings is to protect car parts from harmful environmental agents such as sunshine, corrosive compounds, and environmental effects such as acid rain, hot-cold shocks, stone chips, and UV radiation can wash, and blowing sand, among others. Furthermore, these coatings are employed for vehicle refinishing at auto body shops and service centers.
  • Organic pigments are often twice as expensive as inorganic pigments, which limits their market. The leading market players are concentrating their efforts on creating and creating new products that can be used in a variety of sectors.
  • BASF SE (Germany), Heubach GmbH (Germany), Clariant (Switzerland), Trust Chem Co. Ltd (China), DIC Corporation (Japan), Changzhou Longyu Pigment Chemical Co. Ltd (China), Ferro Corporation (US), Toyocolor Co. Ltd (Japan), Sudarshan Chemical Industries Limited (India), Synthesia AS (Czech Republic), and Dainichiseika Color Co. Ltd (China) are some of the key players operating in the market.

Key Segments Covered

Type

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

Source

  • Natural Organic Pigments
  • Synthetic Organic Pigments
  • Others

End-Use Industry

  • Printing Inks
  • Paints & Coatings
  • Plastics,
  • Textiles
  • Cosmetics
  • Food
  • Others Applications

Region

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

Key Benefits of the Report

  • This study presents the analytical depiction of the organic pigments industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the organic pigments market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the organic pigments market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed organic pigments market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Organic Pigments Market Report

  • Who are the leading market players active in the organic pigments market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What are organic pigments?
  • What does organic pigments market allow organizations to achieve?
  • Which technologies combine to make organic pigments “a critical organizational asset?
  • What are the current trends and predicted organic pigments trends?
 
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