Organic Pigments Market Size, Share, Growth | Covid -19 Impact Analysis, Demand and F
Organic Pigments Market: Information by Source (Natural, Synthetic), Type (Azo, Phthalocyanine, Alizarin, Arylide, Others), Application (Printing Ink, Paints, Plastics, Rubber, Optoelectronics, Cosmetics), Region (Asia-Pacific)—Forecast till 2022
Defination
Organic pigments are chemicals which have the capability of changing the color or external appearance of the material in the medium to be used. These chemicals are categorized on the basis of color and name for easy identification. The global organic pigments market report by Market Research Future (MRFR) contains a detailed analysis of the trends and opportunities based on type, source, and application of these chemicals.
Global Leaders
Clariant,Sensient Technologies,Nippon Kayaku Company Limited,Dow Chemical Company,Shanghai Road Dyestuffs & Chemicals,Huntsman Corporation,Dic Corporation,Ei Dupont De Nemours,Evonik Degussa,Synthesia,BASF SE, and Cabot Corporation are some of the noteworthy players in the global organic pigments market. Product launches, agreements, partnerships, and expansions are core strategies followed by players to gain leverage over the competition.
Market Outlook
Organic Pigments Market is expected to touch a towering valuation by exhibiting 4.5% CAGR from 2016 to 2022 (forecast period). The use of these chemicals for enhancing the visual appeal of food, cosmetics, plastic, fabric, ink, paints & coatings, fabrics, and others is the primary driver of the market. Addition of binders, fillers, and other agents integrated to the formulation of pigments for the adjustment of saturation, brightness, and hue of pigments can augment the market size by a considerable degree over the forecast period.
The non-toxic nature of the pigment as well as inherent characteristics of stability with solvents, consistency, and cost-effectiveness can lead to its preference among major manufacturers. Transparent nature of organic pigments and higher color strength make it appealing for decorative and artistic purposes triggering its demand in paints and coatings and expanding the size of the global organic pigments market growth.
Highly attractive packaging which can lure customers and ensure sales of products has induced the need for plastic packaging. The need for instant branding in the age of digital media has led to emphasis on product differentiation and aesthetics. Need for chemicals which can enhance the external appearance of products can drive the global organic pigments market growth. Moreover, stringent policies encouraging the use of eco-friendly chemicals in printing inks for labeling on products is bound to augur market growth. But high cost of organic pigments compared to its counterparts can hamper the market.
Segments
The global organic pigments market is segmented by type, application, and source.
By type, it is segmented into monoazo, diazo, acid and base dye, phthalocyanine, and others.
By application, it is segmented into printing inks, textiles, plastic, paints & coatings, and others. ‘Others’ include optoelectronic displays and opto-electrical storage and photo-reprographics.
By source, it is segmented into natural and synthetic.
Regional Analysis
Europe, the Middle East & Africa (MEA), Asia Pacific (APAC), and the Americas are regions covered in the organic pigments market report.
The APAC region is expected to exhibit the most agile growth rate in the market. Production of low-priced products from China and India can continue to contribute to regional organic pigments market growth over the forecast period. Increasing demand from construction, automotive, and packaging sectors is touted to drive regional market growth.
North America and Europe will follow APAC in terms of volume and valuation and will compete in terms of quality and price arbitration. The U.S. will be the biggest producer of organic pigments in North America with applications for esteemed clients in industries of plastics, coatings, and printing inks. But tariffs and anti-dumping laws designed to deter the procurement of pigments from China can revive the domestic industry. Europe, on the other hand, can be anticipated to perform remarkably due to being exporters of these chemicals from the U.K., Switzerland, and Germany to other developed countries.