Organic Pigments Industry: Global Organic Pigments Market An Overview Of Industry

 

Organic Pigments Industry

The global organic pigments market has experienced significant growth over the past few years and this growth is projected to continue increasing steadily during the forecast period from 2022 to 2027. Organic pigments are gaining more popularity and demand in various end-use industries such as printing inks, paints & coatings, plastics, and others owing to their appealing properties like non-toxicity, vibrant colors, thermal stability, lightfastness, resistance to chemicals, solvents, water, and weathering. These factors coupled with rising environmental awareness among consumers and strict regulations pertaining to toxic heavy metal-based pigments are providing a boost to the industry expansion.

Printing Inks Segment Dominates End-Use Demand

Among end-use segments, printing inks capture the largest share in the global organic pigments market. Continuous product launches, growing advertisement & packaging industry, and rising acceptance of digital printing are propelling the demand for organic pigments in printing inks applications. Organic pigments provide brilliant coloring effect, weather resistance, high opacity, and uniformity to printing inks. They ensure consistent quality and longer durability of prints. Government regulations in Europe and North America discouraging the use of azo pigments and heavy metal-containing pigments are compelling printing ink manufacturers to shift towards organic pigments. All these factors are fueling the consumption of organic pigments in the printing inks segment.

Azo Pigments Lead Product Type Segment

Based on product type, azo pigments dominate the Organic Pigments Industry  and hold the major market share. Azo pigments are widely utilized in printing inks, paints & coatings, plastics, and other end-use industries owing to their excellent color strength, lightfastness, heat stability, weather resistance as well as affordable price point. Pigment red, pigment orange, pigment yellow, and pigment blue are some of the commonly used azo pigments across application industries. However, phthalocyanine and high-performance pigments are also gaining notable acceptance as substitutes of azo pigments in certain high-quality applications that demand increased durability and chemical resistance.

Paints & Coatings Industry Offers Huge Market Potential

The paints & coatings segment presents lucrative opportunities for the organic pigments market players. Rising building & construction activities coupled with burgeoning automotive industry in developing regions are increasing the sales of architectural and automobile paints & coatings. Organic pigments are widely adopted by paints & coatings manufacturers owing to their zero VOC content, corrosion resistance, tinting strength, and gloss retention properties. They offer long-lasting color and gloss to interior & exterior architectural paints as well as vehicle color coats. Environmental norms in North America and Europe limiting the content of toxic metals in paints & coatings formulations are favoring the demand for metal-free organic pigments in this sector.

Asia Pacific Emerges as Global Production & Consumption Heavyweight

On the geographical front, Asia Pacific holds the largest share in both production and consumption of organic pigments globally. Availability of low-cost raw materials and labor, along with presence of major pigment producers in the region are some of the key factors for Asia Pacific's primacy in the organic pigments industry. China represents the fastest growing as well as largest organic pigments market in Asia Pacific due to rapid industrialization and expansion of the printing inks and paints & coatings industries over the past decade. Other Asian countries including India, Japan, and South Korea are also contributing significantly to the regional market growth. North America and Europe follow Asia Pacific as key organic pigments markets fostered by stringent environmental mandates regarding toxic metals usage.

With rising consumer awareness about eco-friendly products and growing preference for sustainable pigments, the global organic pigments market is anticipated to continue its positive trend over the coming years. New product launches catering to industry-specific demands, increasing R&D investments, and capacity expansion projects by leading manufacturers are likely to further strengthen the industry position. Thriving paints & coatings and printing inks sectors along with rapid industrialization in developing economies will continue driving the consumption of organic pigments globally. However, availability of substitutes may pose a challenge to market growth to some extent during the forecast period.

Get more insights on – Organic Pigments Industry

About Author:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )