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The organic pigments market size is forecast to increase by USD 1.4 billion at a CAGR of 4.36% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for eco-friendly and sustainable products in various industries. Key end-use sectors, including packaging material, decorative coating, industrial coating, construction coating, automotive coating, and textile production, are adopting organic pigments and dyes as alternatives to their synthetic counterparts. The global population growth and the demand for urbanized areas are driving the need for advanced and innovative solutions in these sectors. Organic pigments, also known as biopigments, offer superior color quality and are derived from renewable sources, making them an attractive choice for environmentally conscious consumers. However, the high cost of organic pigments remains a significant challenge for market growth.
Moreover, despite this, the market is expected to continue expanding as research and development efforts focus on reducing production costs and improving the overall efficiency of organic pigment manufacturing processes. Organic dyes and textile colorants are also gaining popularity in the textile industry due to their superior lightfastness and colorfastness properties, further fueling market growth.
Organic pigments are gaining popularity in various industries due to their eco-friendliness and low volatile organic compound (VOC) emissions. These pigments are used extensively in the production of packaging materials, decorative coatings, industrial coatings, construction coatings, and automotive coatings. In the textile industry, organic dyes and textile colorants made from organic pigments are preferred for their superior colorfastness and durability. The Union Budget and the MSME sector have shown support for the use of organic pigments in India, encouraging their adoption in various applications. The automotive industry is also shifting towards the use of organic pigments in electric vehicles (EVs) to reduce their carbon footprint.
Moreover, the organic pigments are derived from natural sources such as phthalocyanine, high-performance pigments, and various organic compounds like toluene, benzene, naphthalene, xylene, and ethylene. They offer excellent color strength and stability, making them ideal for use in paints & coatings, printing inks application, and other industries. The demand for organic pigments is expected to grow significantly due to their environmental benefits and increasing consumer awareness towards sustainable products. The shift towards low-VOC and eco-friendly solutions is driving the growth of the market.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The azo segment is estimated to witness significant growth during the forecast period. Azo pigments, also recognized as diazine derivative pigments, are produced through the diazotization and coupling processes. The formation of azo pigments ensues when hydrazine undergoes oxidation, resulting in color imparting compounds. Red, yellow, and orange hues are among the colors produced by azo pigments. These pigments are derived from colorless earth and clay materials, which acquire color when treated with azo compounds. The pigment carrier significantly influences the light fastness of azo pigments. The paints and coatings industry is projected to dominate the azo pigments market due to the burgeoning construction sector worldwide. In addition, the printing ink industry also utilizes azo pigments extensively.
Moreover, high-performance pigments, such as phthalocyanine pigments, have gained popularity in recent years, but azo pigments continue to hold a significant market share due to their affordability and wide color gamut. The Union Budget in the US, focusing on infrastructure development, may further boost the demand for azo pigments in the paints and coatings sector. Low-VOC (volatile organic compound) formulations are increasingly being adopted, which may create opportunities for azo pigments as they are considered less harmful compared to other organic pigments.
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The Azo segment accounted for USD 2.65 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is experiencing significant growth due to the increasing demand for low-volatile organic compound (VOC) products in various end-use industries, particularly in the Asia Pacific (APAC) region. The Union Budget in several countries, including China and India, has prioritized infrastructure development and industrialization, leading to demand for paints and coatings. This trend is expected to continue, fueling the need for high-performance pigments, including organic pigments, in the region. Moreover, stringent government regulations to limit the use of products containing high levels of petrochemicals or VOCs are driving the adoption of organic pigments in various applications, such as paints and coatings, and printing inks.
Moreover, the key end-use industries, such as automotive and construction, are major contributors to the market's growth in APAC. With countries like China, India, and Japan accounting for a significant share of global automotive production, the demand for organic pigments is expected to remain during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Population growth and demand for urbanized areas is the key driver of the market. The shift from rural to urban living has significantly impacted various industries, including automotive, construction, and packaging. These sectors rely heavily on organic pigments for enhancing the visual appeal of their products. Organic pigments, derived from organic dyes and textile colorants, are widely used in decorative coatings, industrial coatings, and construction coatings. Furthermore, the automotive industry utilizes these pigments to create vibrant and long-lasting colors for vehicles. The global population growth has led to an increase in demand for urban infrastructure and housing, driving the need for these industries to invest in high-quality pigments. Social factors, such as improved living standards and consumer preferences for aesthetically pleasing products, have also influenced the market's growth. The market is expected to witness steady growth due to these factors.
Advancement in organic pigment biopigments is the upcoming trend in the market. The growing awareness of health and safety concerns among consumers and manufacturers is leading to an increased adoption of organic pigments in various industries. However, the use of inorganic pigments, which contain heavy metals like lead, chromium, and cadmium, has raised environmental concerns. In response to this trend, there is a shift towards organic dyes and textile colorants derived from natural raw materials. These bio-based pigments significantly reduce the Volatile Organic Compounds (VOC) content and offer equal color fastness and functionalities. The packaging material, decorative coating, industrial coating, construction coating, automotive coating, and textile production industries are embracing this change to cater to evolving consumer preferences and regulatory requirements.
The high cost of organic pigments is a key challenge affecting the market growth. Organic pigments have gained significant traction in various industries, including packaging material, decorative coating, industrial coating, construction coating, and automotive coating, as well as textile production. These pigments, derived from organic sources, offer a wide range of color options. Azo-based and polycyclic pigments are the most common types of organic pigments. The shift towards eco-friendly alternatives has led many end-users to prefer organic pigments over lead-based inorganic pigments. However, cost is a crucial factor in this decision. Despite the increasing acceptance of organic pigments, their prices remain competitive with inorganic pigments and hybrid pigments, which are gradually making their presence felt in the pigments market.
The demand for specific hues can also influence the cost of organic pigments.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BASF SE - The company offers organic pigments such as construction chemicals, adhesives, fiber bondings, plastics, and paper.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Organic pigments have gained significant attention in various industries due to their eco-friendly nature and superior performance. These pigments are used extensively in the production of paints and coatings, printing inks, and textile colorants. In the packaging industry, organic pigments are utilized in the manufacturing of decorative coatings, industrial coatings, and packaging materials to enhance their visual appeal and durability. The automotive sector is another major consumer of organic pigments, particularly high-performance pigments like phthalocyanine. These pigments provide deep colors and are essential for producing vibrant automotive finishes. The plastics sector also uses organic pigments in thermoplastics for niche applications, such as advertising leaflets and catalogs.
Moreover, urbanization and infrastructure expenditure have led to a rising need for environment-friendly products in the construction sector. Organic pigments, with their low-VOC (volatile organic compound) properties, are an ideal choice for construction coatings. The printing ink industry also benefits from organic pigments, as they offer excellent color stability and resistance to fading. The textile production industry uses organic pigments for producing colorful fabrics, while the growing trend towards electric vehicles (EVs) in the automotive sector is expected to increase the demand for organic pigments in battery components. The use of organic pigments in paints and coatings, plastics, and inks is anticipated to continue growing, driven by the increasing demand for sustainable and high-performance products.
Further, the organic pigments are derived from natural sources like plants, minerals, and even some synthetic organic compounds. Some common organic pigments include those derived from toluene, benzene, naphthalene, xylene, and ethylene. Despite their advantages, the production of organic pigments can be complex and requires advanced pigment manufacturing techniques. However, the benefits of using organic pigments far outweigh the challenges, making them a valuable addition to various industries.
Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market growth 2024-2028 |
USD 1.39 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.11 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 48% |
Key countries |
China, US, Germany, Japan, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
artience Co. Ltd., BASF SE, Changzhou Longyu Pigment Chemical Co. Ltd., Dainichiseika Color and Chemicals Mfg. Co. Ltd., DCL Corp., DIC Corp., Heubach GmbH, Jet-Mate Canada Inc., Lanxess AG, Neochem Technologies Pvt. Ltd., Organic Dyes and Pigments, Sensient Technologies Corp., Sudarshan Chemical Industries Ltd., Sun Chemical Corp., Synthesia a.s., Trust Chem Co. Ltd., VIBFAST PIGMENTS PVT. LTD., Vibrantz, Vipul Organics Ltd., and Yuhong Pigment Co. Ltd. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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