Global Organic Pigments Market, By Type (Azo Pigments, Phthalocyanine Pigments, High Performance Pigments), Application (Printing Inks, Paints, Coatings, Plastics), End-Use Industry (Oil & Gas, Chemical Manufacturing, Automotive), Colour Index (Red, Blue, Green, Orange, Yellow, Brown, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2025
Market Analysis: Global Organic Pigments Market
The Global Organic Pigments Market is expected to reach USD 5.1 billion by 2025, from USD 3.51 billion in 2017 growing at a CAGR of 4.6% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Organic Pigments Market
Organic pigments are environment friendly and insoluble colouring material that improves the appearance and impact of colour on the substance. Organic pigment contains carbon atoms which are non-toxic in nature. These are obtained from coal tar, petroleum distillates, phthalonitrile and others. Pigments have high tinting strength and enhance the performance of paint film. Organic pigment has wide application in printing inks, paints, coatings, plastics and other. According to British Coating Federation, in 2016, the paint, printing inks industries supply home improvement, printing, automotive and other manufacturing sector had worth over USD 220.09 billion. The sale value and quantity of UK paint and coating industry was USD 2.81 million and 702 million litters respectively. As per plastic Europe, in 2016, china is the largest plastic material producer with 29% share and the world production of plastic is 280 million tonnes. Thus, it proves that the market of printing ink and plastic is growing and will derive the demand of organic pigments.
- Increasing importance of aesthetics in packaging
- Increase usage by printing, print and coating industries.
- Regulations for the use of printing Inks in food contact material are stringent
- Cost of organic pigment is higher than inorganic pigment.
- Availability of raw material supplier for organic pigment.
Segmentation: Global Organic Pigments Market
- Azo Pigments
- Phthalocyanine Pigments
- High Performance Pigments
- Printing Inks
By Colour Index
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Competitive Landscape: Global Organic Pigments Market
The global organic pigments market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of organic pigments market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In March, 2018, Novacolor launched new decorative paints produced with biomass BASF binders and sold under the Acronal brand which means that the requirement of pigment is raised by the company for the manufacturing of paints.
Key Market Competitors: Global Organic Pigments Market
The key players operating in the global organic pigments market are –
- BASF SE
- Clariant AG
- Heubach GmbH
- Toyocolor Co. Ltd.
- Huntsman Corporation
The other players in the market are DIC Corporation, Heubach GmbH, Sudarshan Chemical Industries Ltd., Ferro Corporation, Trust Chem Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ltd., Dominion Colour Corporation, ECKART GmbH, Shepherd Color Company, Cabot Corp, LANXESS AG, Tronox Ltd., Lonsen, RIKA Technology Co. Ltd., Toyo Ink Mfg. Co. Ltd, Dainichiseika Color & Chemicals Mfg. Co. Ltd. among others.
Research Methodology: Global Organic Pigments Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global organic pigments market
- Analyze and forecast organic pigments market on the basis of product type, application and colour index
- Trends of key regional and country-level markets for product type, application and colour index
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis