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Organic Pigments Market Segmentation By Source (Natural and Synthetic); By Pigment Type (Phthalocyanine Pigments, Azo Pigments and HPPs); By Application type (Paints & Coatings, Printing Inks, Plastics, Textiles and Cosmetics) - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Organic Pigments Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Product Overview

Pigments are primarily used for coloring paint, plastic, fiber, ink and other materials. Organic pigments are categorized into natural and synthetic. Organic natural pigments are mainly extracted from plant and animal sources. Synthetic organic pigments are produced from petroleum compounds. Organic pigments are used to alter the color of transmitted or reflected light by the process of wavelength absorption. Pigments are applied on the substrate by or scattering of light or selective absorption. They are used as finely crushed powder in visual arts. They are usually derived from the derivatives of coal tars. The organic pigment has high photo chromatic properties, high solubility, fluorescence, durability, heat resistance and and thermo chromatic property. Organic pigments can be prepared by natural and synthetic methods. Organic pigments market is expected to observe significant growth on account of its application in different end-use industries such as printing inks, plastics, paints and coatings and textiles.

Market Size and Forecast

The global organic pigments market is anticipated to expand at a CAGR around 5.0% during 2017-2027. Organic pigments market is anticipated to value at USD 5.9 Billion by 2027. This is attributed to the fact of high application organic pigment in textile, paints and coatings and plastics which in turn is expected to drive the global organic pigments market.

The global organic pigments market can be segmented on the basis of source, type of pigment and application. On the basis of pigment it is further sub-segmented into phthalocyanine pigments, azo pigments and HPPs (High-performance Pigments). Azo pigments is anticipated to be the leading segment on the account of its extensive applications in printing inks , plastics coupled with optimum price associated with pigment. The availability of azo pigments in wide variety of colors such as yellow, orange and red is anticipated to fuel its market growth in the forthcoming years.

By region, global organic pigments market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Asia-Pacific region is anticipated to be fastest growing region on the account of rising demand from different end-user industries .The rising population coupled with favorable government regulations in the region is the major factor driving the demand for the organic pigments. Moreover, increasing industrialization and rising infrastructure development in countries such as India, China and Indonesia are other major factors that are expected to propel the market growth of organic pigment in Asia Pacific region. CLICK TO DOWNLOAD SAMPLE REPORT

Market Segmentation

Our in-depth analysis segmented the global organic pigments market in the following segments:

By Source

  • Natural
  • Synthetic

By Pigment

  • Phthalocyanine Pigments
  • Azo Pigments
  • HPPs(High-performance Pigments)

By Application

  • Paints & Coatings
  • Printing Inks
  • Plastics

By Region

Global organic pigments market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.

pigments market

Growth Drivers and Challenges

The major growth factor associated with organic pigments market is the high availability of pigments in different shades. Additionally, rise in usage of pigments in different applications is anticipated to fuel the market growth. The rapid industrialization is expected to increase the use of organic pigments in plastic, paint and textile industry which is further expected to drive the organic pigment market globally. Additionally, growing demand for the superior quality organic pigments from the cosmetic industry is expected to further boost the market growth of organic pigments globally.

However, the fluctuating prices of raw materials used for manufacturing organic pigment are anticipated to hinder the market growth.

Key Players

  • Sensient Technologies Corporation
  • Clariant
  • DIC Corporation
  • Lansco Colors
  • Chemicals Company Limited
  • Sun Chemical Corporation
  • Synthesia
  • Neochem Industries
  • Vibfast Pigments Pvt. Ltd.
  • Neelikon Food Colors & Chemicals Ltd.
  • Heubach India
  • Shanghai Road Dyestuffs

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