A global research report called Organic Pigments Markets was recently published by Reports and Data to provide guidance for business. The report also focuses on global major leading industry players of the Organic Pigments markets providing information such as company profiles, product picture and specification, price, capacity, cost, production, revenue, and contact information. The Global Organic Pigments market is expected to develop at a substantial CAGR in the coming years. The most significant factor driving the growth of this market is rising investments in the market. Investments in the Organic Pigments market have witnessed huge growth over the past few years. This report also states import and export consumption, supply and demand figures, cost, price, revenue, and gross margins.
The report also presents a comprehensive analysis of the global Organic Pigments markets in view of the Covid-19 pandemic. The pandemic has affected the market in terms of sales, production, financial investment, international trade activities, and market disruption. The global Organic Pigments markets are expected to reach USD 6.10 Billion in 2028 from USD 4.17 Billion in 2020 at a CAGR of 4.9%.
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A substance or mixture of substances that make up an object is referred to as a material. Materials are used as inputs in manufacturing processes to create goods or more complex materials in the industry. The chemical industry is made up of businesses that manufacture industrial chemicals. Chemical reactions and refining technologies are used in this industry to convert basic resources including oil, air, water, natural gas, metals, and minerals into thousands of different products. The materials and chemicals sector trends range from solutions for lightweight, sustainability, surface engineering, 3D printing, nano-formulations (biomaterials), and developing advanced composites to meet the current industry demands.
The global Organic Pigments market research report has been formulated with extensive primary and secondary research and also covers SWOT examination and Porter’s Five Forces Analysis to offer a detailed analysis of the leading companies. The report also offers a detailed analysis of market share, market size, market volume and value, product portfolio, product development and advancement, technological upgrades, and segmentation based on types, application, end-use, and region.
Top Key Players:
BASF SE, Clariant AG, DIC Corporation, Heubach GmbH, Sudarshan Chemical Industries, Ferro Corporation, Trust Chem, Toyocolor Co., Ltd., Huntsman Corporation, and The Dow Chemical Company.
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Some Key Highlights in the Report
In September 2019, Clariant announced the launch of new organic pigments for biodegradable plastics. These new products were launched in order to meet the European Norm 13432 requirements for packaging. The company launched a range of 25 organic pigments for biodegradable plastics for manufacturers and brand owners of consumer goods and packaging. The newly launched organic pigments are expected to boost the appeal of organically recyclable packaging and offer more color options. These pigments do not affect the degradability of polymer and are ideal for an extensive variety of consumer goods, textiles, and packaging applications.
The azo segment is expected to account for the largest market revenue share in the global organic pigments market over the forecast period, owing to its wide usage in different sectors such as printing inks, paints & coatings, plastic, and textile. These are available in a wide range of colors such as yellow, orange, and red for painting and coating applications.
The synthetic segment is expected to register a considerable revenue share over the forecast period. End-use industries mainly prefer synthetic organic pigments, owing to various lightfastness properties, which, in turn, is expected to drive revenue growth of the segment during the forecast period.
The paints & coatings segment is expected to account for a significant revenue share in the global organic pigments market. Rising demand for marine coatings, decorative coatings, industrial coatings, and automotive coatings is expected to drive the growth of the paints & coatings segment in the upcoming years.
The organic pigments market in the Asia Pacific is expected to account for the largest revenue share over the forecast period. Major players such as DIC Corporation, Hangzhou Heubach Pigment Co. Ltd., Sudarshan Chemical Industries, Trust Chem Co. Ltd., and Toyocolor Co., Ltd. are investing in the development of a comprehensive range of high-quality organic pigments for printing inks, paints & coatings, plastic, and textile applications. This factor is boosting the market growth in the region.
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Source Type Outlook
Paints & Coatings
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