Global Organic Pigments Market Size, Share, and COVID-19 Impact Analysis, By Type (Azo, Pthalocyanine, HPPs, and Others), By Application (Printing inks, Paints & coatings, Plastics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Global Organic Pigments Market Insights Forecasts to 2033

• The Global Organic Pigments Market Size was Estimated at USD 6.23 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 5.31% from 2023 to 2033
• The Worldwide Organic Pigments Market Size is Expected to Reach USD 10.45 Billion by 2033
• Asia Pacific is expected to grow the fastest during the forecast period.

The Global Organic Pigments Market Size is anticipated to exceed USD 10.45 Billion by 2033, growing at a CAGR of 5.31% from 2023 to 2033. The increased need for enhanced aesthetics in diverse application sectors is bolstering the organic pigments market growth.

Market Overview

Organic pigments market refers to the industry producing and selling pigments made from organic compounds. Organic pigments are colorants made from carbon-based compounds used in diverse industrial sectors. They are known for their vibrant colors, light fastness, and stability. These pigments are simply defined as being made up of conjugated ring structures comprising atoms of carbon, nitrogen, hydrogen, oxygen, and sulfur. Because they are attached to an inorganic salt, organic pigments are far more stable than most dyes, while having a very vivid tone. They also produce clear color shades and have a high tint strength. They are used in many applications, including printing, paints, plastics, cosmetics, and textiles. There are continuous innovations in the market which are expected to be driven by the growing demand for enhanced aesthetics in printing inks for better marketing. The creation of ecologically friendly products, the development of robust technical service skills, and the formation of strategic alliances throughout the value chain represent lucrative market growth opportunities.

Report Coverage

This research report categorizes the organic pigments market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the organic pigments market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the organic pigments market.

Driving Factors

The demand from the paints and coatings industry for decorative and protective purposes which includes UV radiation protection, heat resistance, and protection against environmental factors such as water, alkaline, and acids, is driving the organic pigments market. Further, the growing demand for organic pigments in textile dyeing and printing applications especially in emerging economies is propelling the market. The rising demand for enhanced aesthetics in printing inks for better marketing purposes driving the market demand for organic pigments. In addition, the growing health concerns associated with the use of hazardous chemicals surging the need for environmentally friendly products, thereby propelling the organic pigments market.

Restraining Factors

The increased product cost of organic pigments owing to the strict environmental regulations are challenging the market growth. The superiority of inorganic pigments over organic pigments is restraining the organic pigments market

Market Segmentation

The organic pigments market share is classified into type and application.

• The azo segment dominated the market accounted for the largest market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the type, the organic pigments market is classified into azo, pthalocyanine, HPPs, and others. Among these, the azo segment dominated the market accounted for the largest market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Azo pigments are organic chemicals containing nitrogen groups having a similar chemical structure as azo dyes, mostly water insoluble. The widespread application of azo pigments owing to their bright and vibrant colors, chemical stability, and good lightfastness is driving the market growth in the azo segment.

• The printing inks segment dominates the market with the largest revenue share and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the organic pigments market is classified into printing inks, paints & coatings, plastics, and others. Among these, the printing inks segment dominates the market with the largest revenue share and is expected to grow at a significant CAGR during the forecast period. Organic pigments are increasingly used in printing inks for a various purposes such as packaging, publishing, labels, and textiles as they can produce brilliant and long-lasting colors. The entire spectrum of colors needed for excellent printing is facilitated by these pigments.

Regional Segment Analysis of the Organic Pigments Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the organic pigments market over the predicted timeframe.

North America is anticipated to hold the largest share of the organic pigments market over the predicted timeframe. The widespread application of organic pigments in plastics, printing inks and construction sector is driving the market growth. Further, the increased demand for bio-based paints and coatings is driving the organic pigments market. Additionally, rapid urbanization, industrialization, and modernization are contributing to propelling the market for organic pigments.

Asia Pacific is expected to grow at the fastest CAGR growth of the organic pigments market during the forecast period. The rapid urbanization and infrastructure development in countries like China and India lead to increased construction activity, thereby driving the market demand for organic pigments. The increasing need for sustainable products as well as government support for the use of environmentally friendly products is promoting market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the organic pigments market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF SE
• Sudarshan Chemical Industries Ltd
• Clariant
• Trust Chem
• DIC Corporation
• Hangzhou Han-Color Chemical Co. Ltd.
• Huntsman Corporation
• Heubach GmbH
• Sun Chemical
• Dainichiseika Colour & Chemicals Mfg Co Ltd
• Ferro Corporation
• Kemira
• Atul Ltd
• Toyocolor Co., Ltd
• Lanxess
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2023, Heubach Group, a global leader in inorganic and organic pigments and comprehensive color solutions launched its new product line Ultrazur at PlastIndia 2023 – a range of Ultramarine Blue pigments in four shades from greenish to reddish for a variety of standard and demanding applications.   

• In January 2022, Germany-based global producer of pigments Heubach Group and private investment firm SK Capital Partners completed the acquisition of Clariant’s Global Colorants Business (“Clariant Pigments”).

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the organic pigments market based on the below-mentioned segments:

Global Organic Pigments Market, By Type

• Azo
• Pthalocyanine
• HPPs
• Others

Global Organic Pigments Market, By Application 

• Printing inks
• Paints & coatings
• Plastics
• Others

Global Organic Pigments Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa