According to the current analysis of Reports and Data, the global Organic pigments market was valued at USD 3.47 Million in 2018 and is expected to reach USD 5181.57 Million by the year 2026, at a CAGR of 5.1%. Organic Pigments market is expected to observe growth by virtue of its utilization in different end-use industries, including printing inks, paints, and coatings, plastics, textile, and rubber.
Recent stringent government regulations against the use of metallic content pigments are the major factor for growth in the organic pigments sector. In line with this, urbanization and rising infrastructure spending are expected to propel the market growth over the forecast years. They are also employed in several high-tech applications such as optoelectronic display, optical data storage, which is expected to create significant growth opportunities over the forecast years. However, their high cost and limited availability of raw material are the major factors that limit market growth. Although the market has reached the maximum potential in the North American and European regions, the market is anticipated to witness a small growth as major market players are aiming at designing and developing products in sync with continuously changing requirements for evolving technologies.
Request a sample copy of this report at: https://www.reportsanddata.com/sample-enquiry-form/1884
However, constant changes in raw material prices is likely to be a major restraint for market growth. They are more expensive than inorganic pigments, which is a major factor acting as a restraint for the growth of the market. The market size of Organic Pigments is quite smaller than the market of inorganic pigments. The producers of inorganic pigment experience economies of scale for their production process, while the organic pigments are produced in quantitites that are small. Hence, the production cost is higher, which increases the price for the final product. Organic pigments are, approximately 1.5 times costlier than inorganic pigments, which acts as a limiter in market in the paints & coatings and other applications that are not subject to strict regulations.
The organic pigments market is much fragmented and includes a large number of manufacturing and chemical giants as well as emerging players. Add to it , the emerging players have a good opportunity to enter the organic pigments market, owing to developments in the market and high demand from end-use industries. The usage of HPPs is increasing as they have more lightfastness, fastness to chemical exposure, weather fastness and heat stability than conventional pigments. They also possess properties like high color fastness and insolubility. Superior properties like these make organic pigments suitable for applications in automotive and decorative coatings, which require excellent light and weather fastness.
Further key findings from the report suggest
- Launch of new products in the market is expected to propel the market growth by 2016. For instance, Clariant two new products for inkjet application, named Ink Jet Magenta E-S VP6057 and Ink Jet Orange GR VP6102.
- Owing to the increasing demand for HPP, development of organic HPPs for specific applications is an opportunity for emerging market players.
- Azo segments are expected to drive the growth of the market owing to economical pricing and availability of different colors.
- The paints & coatings segment has grown considerably owing to the rise in infrastructure development in developing economies such as India and China.
- The North America regional segment is expected to grow significantly over the forecast years owing to the rise in demand for organic pigments from the construction industry
- Since, Organic pigments are costlier than inorganic pigments; this limits its market in industries such as paints & coatings which are not subject to government regulations.
- Key participants include BASF SE, Clariant AG, DIC Corporation, Heubach GmbH, and Sudarshan Chemical Industries Ltd., Ferro Corporation, Trust Chem, and Toyocolor, among others.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/organic-pigments-market
For the purpose of this report, Reports and Data has segmented the Organic Pigments market on the basis of type, source, application, and region:
Type (Revenue, USD Million; 2016–2026)
- Azo Pigments (Monoazo, Diazo)
- Phthalocyanine Pigments
- High Performance Pigments
Source (Revenue, USD Million; 2016–2026)
Application (Revenue, USD Million; 2016–2026)
- Printing Inks
- Paints & Coatings
Regional Outlook (Revenue in USD Million; 2016–2026)
- North America
- Rest of the Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East & Africa
- South America
- Latin America
Make an inquiry before buying this report at: https://www.reportsanddata.com/make-enquiry-form/1884
Table of Contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Rising demand from various industries
3.2. Use in high-tech application
3.3. Growing demand for high performing pigments
Chapter 4. Organic Pigments Segmentation & Impact Analysis
4.1. Organic Pigments Segmentation Analysis
4.2. Organic Pigments Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Organic Pigments Market Impact Analysis
4.4.1. Market driver analysis
220.127.116.11. Stringent Government regulations
18.104.22.168. Rapid urbanization and industrialization
4.4.2. Market restraint analysis
22.214.171.124. Low availability
126.96.36.199. High Cost
4.5. Key opportunities prioritized
4.6. Organic Pigments Pricing Analysis
4.7. Industry analysis – Porter’s
4.8. Organic Pigments PESTEL Analysis
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Company Name: Reports and Data
Contact Person: John Watson
Email: Send Email
Address:40 Wall St. 28th floor
City: New York City
State: NY 10005
Country: United States