Report Overview

Global Organic Pigments Market- Industry Trends & Forecast Report 2027

Global organic pigments market was worth USD 5.3 billion in 2020 and is further projected to reach USD 8.4 billion by 2027, growing at a CAGR of 6.9% during the forecast period. Growing demand from end-use industries, such as printing inks, paints, and coatings, combined with increasing consumer awareness towards natural and eco-friendly products are expected to drive market growth. Furthermore, expanding cosmetic, textiles, and electronic industries is expected to drive the organic pigments market in the forecast period.

Source: BlueWeave Consulting

Global Organic Pigments Market- Overview

Chemical pigments made up of organic compounds are primarily used to color materials. Among the organic pigments are azo pigments, lake pigments, phthalocyanine pigments, and quinacridone pigments. These pigments are mainly composed of carbon rings and carbon chains. These pigments are highly pigmented. Consequently, they are prominently used in coloring inks, paints, rubber products, plastic products, and coating printing sizes. In addition to art and fashion, these pigments are also used in medical displays and computer displays.

Organic Pigments Market Forecast and Trends

Growth Drivers

Expanding Application of Organic Pigments in Pharmaceutical Industry

The growing application of organic pigments in the pharmaceutical industry is emerging as the major driving factor for the global organic pigments market. Natural pigments are used for making nutritional supplements more attractive and colorful. Organic pigments are easy to use for medicines and are prominently used for applications, such as capsules and tablets. The manufacturers of organic pigments produce minerals and non-artificial colors that can match the quality and safety standards of the pharmaceutical industry. This is likely to drive the organic pigments market in the forecast period.

Cost-Effectiveness of Synthetic Organic Pigments

Synthetic organic pigments prove to be cheaper to produce than natural organic pigments as they are derived from petroleum compounds while the latter is derived from animal and plant products. Furthermore, carbon atoms are more flexible and are capable of forming many different structures. Therefore, manufacturers of paints and coatings, printing inks, and other end-user industries looking to cut their production costs often choose synthetic organic pigments, which proliferates the overall organic pigments market.

Restraints

Stringent Regulations Due to Negative Effects of Organic Pigments

Inks and paints containing organic pigments have a bad environmental impact. Paints containing organic pigments are bound with resin or other binding products. Furthermore, some paints contain highly volatile organic compounds that are extremely toxic because they react with oxygen and damage the ozone layer. As people become more aware of sustainability and the causes of environmental degradation, their demand for natural and less harmful products increases, negatively impacting the growth of the global organic pigments market.

Impact of COVID-19 on the Global Organic Pigments Market

A sudden outbreak of the COVID-19 pandemic halted several industries and restricted the economic growth of almost all countries. This adversely affected the organic pigments market as well. As the governments of several countries imposed nationwide lockdowns, the production of organic pigments had to be temporarily halted, due to which the manufacturers had to face severe losses. Moreover, end-users such as automobile, textile, and paper manufacturing, etc., experienced very limited demand, as their operations were also restricted due to a shortage of workers. However, the market is expected to recover in the post-COVID-19 period, but the pace is going to be slow.

Global Organic Pigments Market - By Source

Based on sources, the organic pigments market is segmented into natural and synthetic. Synthetic pigment accounts for the largest market share because of its easy manufacturing process as well as lower prices as compared to natural organic pigments. Synthetic pigments are made primarily from petroleum compounds and therefore are cost-effective and more stable. These pigments are commonly used in printing inks, architectural paints, as well as in textiles, plastics, automotive finishes, cement, and candles. With such a wide range of applications, synthetic pigments are growing at a high rate.

Global Organic Pigments Market - By Type

Based on types, the organic pigments market is segmented into azo pigments, phthalocyanine pigments, high-performance pigments (HPPS), and others. Among these, azo pigments hold the largest share in the organic pigments market. This organic pigment type has become an important synthetic colorant because it is widely used in printing as well as paper and textile manufacturing. Growing textile industries worldwide are driving the demand for azo pigments, driving the market's growth. Furthermore, its easy availability and low price also favor its market growth.

Global Organic Pigments Market - Regional Insights

Geographically, the global organic pigments market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. The Asia-Pacific region dominates the organic pigments market and is also projected to witness the highest CAGR during the forecast period as well. The expanding construction activities in emerging economies like India, China, Japan, etc., are propelling the demand for paints and coatings, which is further contributing to the growth of the organic pigments market in the Asia-Pacific region. Furthermore, the expanding automobile manufacturing and textile industry are also fueling the market growth.

Source: BlueWeave Consulting

Global Organic Pigments Market: Competitive Landscape

The leading players in the global organic pigments market are BASF SE, VOXCO India, Clariant, Vipul Organics Ltd., Colorwen International Corp., VIBFAST PIGMENTS PVT LTD(Group) Co., Ltd., DIC CORPORATION, Trust Chem Co. Ltd., Hangzhou Han-Color Chemical Co. Ltd., Sudarshan Chemical Industries Limited, Heubach GmbH, The Chemours Company, Origo Chemical, Indian Chemical Industries, Koel Colours Pvt. Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ferro Corporation, Synthesia, a.s., Jet-Mate Canada Inc., and other prominent players.

The global organic pigments market is highly concentrated, with the presence of various global and regional participants. The company offers a wide range of products to meet the requirements of various end-user industries. Furthermore, the adoption of competitive strategies like partnerships, acquisitions, mergers, joint ventures is also prominent in this market.

Recent Developments

• In July 2021, Clariant, a Swiss multinational chemicals company, announced to have received OK compost Industrial Certification by TUV Austria for its range of pigments.
• In June 2021, DIC Group, a Japanese chemical company, announced the acquisition of BASF’s global pigment business to broaden the pigments portfolio of Sun Chemical, a DIC subsidiary.

Scope of the Report

By Source

• Natural
• Synthetic

By Type

• Azo Pigments
• Phthalocyanine Pigments
• High Performance Pigments (HPPS)
• Others

By Application

• Printing Inks
• Paints & Coatings
• Plastics
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Key Market Segments
2. Research Methodology
   1. Qualitative Research
   2. Methodology
   3. Regional Split of Primary & Secondary Research
   4. Secondary Research
   5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
   6. Market Size Estimation
   7. Assumptions for the Study
   8. Market Breakdown & Data Triangulation
3. Executive Summary
4. Industry Insight and Growth Strategy
   1. Value Chain Analysis
   2. DROC Analysis
      1. Market Drivers
         1. Expanding Application of Organic Pigments in Pharmaceutical Industry
         2. Cost-Effectiveness of Synthetic Organic Pigments
      2. Market Restraints
         1.  Stringent Regulations Due to Negative Effects of Organic Pigments
      3. Market Challenges
         1. Negative Influence of the COVID-19 Pandemic
      4. Market Opportunity
         1. Growing Demand for Organic Pigments In Electronic Manufacturing Industry
         2. Flourishing Paints and Coatings Industry
   3. Recent Developments
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
5. Organic Pigments Market Overview
   1. Market Size & Forecast by Value, 2017-2027
   2. Market Size and Forecast, By Segment
      1. By Source
         1. Natural
         2. Synthetic
      2. By Type
         1. Azo Pigments
         2. Phthalocyanine Pigments
         3. High Performance Pigments (HPPS)
         4. Others
      3. By Application
         1. Printing Inks
         2. Paints & Coatings
         3. Plastics
         4. Others
      4. By Region
         1. North America
         2. Europe
         3. Asia-Pacific
         4. Latin America
         5. Middle East & Africa
6. North America Organic Pigments Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Source
      2. By Type
      3. By Application
      4. By Country
         1. U.S.
         2. Canada
7. Europe Organic Pigments Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Source
      2. By Type
      3. By Application
      4. By Country
         1. Germany
         2. U.K.
         3. Russia
         4. France
         5. Italy
         6. Spain
         7. Rest of Europe
8. APAC Organic Pigments Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Source
      2. By Type
      3. By Application
      4. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of APAC
9. LATAM Organic Pigments Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Source
      2. By Type
      3. By Application
      4. By Country
         1. Mexico
         2. Brazil
         3. Rest of LATAM
10. MEA Organic Pigments Market Overview
    1. Market Size and Forecast
       1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
    3. By Source
    4. By Type
    5. By Application
    6. By Country
       1. Saudi Arabia
       2. UAE
       3. South Africa
       4. Rest of MEA
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking By Operating Parameters
12. Impact of COVID-19 on Organic Pigments Market
13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. BASF SE
    2. VOXCO India
    3. Clariant
    4. Vipul Organics Ltd
    5. Colorwen International Corp.
    6. Vibfast Pigments Pvt. Ltd. (Group) Co., Ltd
    7. DIC CORPORATION
    8. Trust Chem Co. Ltd
    9. Hangzhou Han-Color Chemical CO. LTD
    10. Sudarshan Chemical Industries Limited
    11. Heubach GmbH
    12. Origo Chemical
    13. Indian Chemical Industries
    14. Koel Colours Pvt Ltd
    15. Dainichiseika Color & Chemicals Mfg. Co.
    16. FERRO CORPORATION
    17. Synthesia, a.s.
    18. Jet-Mate Canada Inc.
    19. The Chemours Company
    20. Other Prominent Players
14. Key Strategic Recommendations

List of Figures

Figure 1: Organic Pigments Segmentation

Figure 2: Organic Pigments Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2020

Figure 4: Organic Pigments Market Size, By Value (USD Billion), 2020-2027

Figure 5: Organic Pigments Market Share (%), By Source, By Value, 2020-2027

Figure 6: Organic Pigments Market Share (%), By Type, By Value, 2020-2027

Figure 7: Organic Pigments Market Share (%), By Application, By Value, 2020-2027

Figure 8: Organic Pigments Market Share (%), By Region, By Value, 2020-2027

Figure 9: North America Organic Pigments Market Size, By Value (USD Billion), 2020-2027

Figure 10: North America Organic Pigments Market Share (%), By Source, By Value, 2020-2027

Figure 11: North America Organic Pigments Market Share (%), By Type, By Value, 2020-2027

Figure 12: North America Organic Pigments Market Share (%), By Application, By Value, 2020-2027

Figure 13: North America Organic Pigments Market Share (%), By Country, By Value, 2020-2027

Figure 14: Europe Organic Pigments Market Size, By Value (USD Billion), 2020-2027

Figure 15: Europe Organic Pigments Market Share (%), By Source, By Value, 2020-2027

Figure 16: Europe Organic Pigments Market Share (%), By Type, By Value, 2020-2027

Figure 17: Europe Organic Pigments Market Share (%), By Application, By Value, 2020-2027

Figure 18: Europe Organic Pigments Market Share (%), By Country, By Value, 2020-2027

Figure 19: the Asia-Pacific Organic Pigments Market Size, By Value (USD Billion), 2020-2027

Figure 20: the Asia-Pacific Organic Pigments Market Share (%), By Source, By Value, 2020-2027

Figure 21: the Asia-Pacific Organic Pigments Market Share (%), By Type, By Value, 2020-2027

Figure 22: the Asia-Pacific Organic Pigments Market Share (%), By Application, By Value, 2020-2027

Figure 23: the Asia-Pacific Organic Pigments Market Share (%), By Country, By Value, 2020-2027

Figure 24: Latin America Organic Pigments Market Size, By Value (USD Billion), 2020-2027

Figure 25: Latin America Organic Pigments Market Share (%), By Source, By Value, 2020-2027

Figure 26: Latin America Organic Pigments Market Share (%), By Type, By Value, 2020-2027

Figure 27: Latin America Organic Pigments Market Share (%), By Application, By Value, 2020-2027

Figure 28: Latin America Organic Pigments Market Share (%), By Country, By Value, 2020-2027

Figure 29: Middle East & Africa Organic Pigments Market Size, By Value (USD Billion), 2020-2027

Figure 30: Middle East & Africa Organic Pigments Market Share (%), By Source, By Value, 2020-2027

Figure 31: Middle East & Africa Organic Pigments Market Share (%), By Type, By Value, 2020-2027

Figure 32: Middle East & Africa Organic Pigments Market Share (%), By Application, By Value, 2020-2027

Figure 33: Middle East & Africa Organic Pigments Market Share (%), By Region, By Value, 2020-2027

List of Tables

Table 1: Organic Pigments Market Size, By Source, By Value, 2020-2027

Table 2: Organic Pigments Market Size, By Type, By Value (USD Billion), 2020-2027

Table 3: Organic Pigments Market Size, By Application, By Value (USD Billion), 2020-2027

Table 4: Organic Pigments Market Size, By Region, By Value (USD Billion), 2020-2027

Table 5: North America Organic Pigments Market Size, By Source, By Value (USD Billion), 2020-2027

Table 6: North America Organic Pigments Market Size, By Type, By Value (USD Billion), 2020-2027

Table 7: North America Organic Pigments Market Size, By Application, By Value (USD Billion), 2020-2027

Table 8: North America Organic Pigments Market Size, By Country, By Value (USD Billion), 2020-2027

Table 9: Europe Organic Pigments Market Size, By Source, By Value (USD Billion), 2020-2027

Table 10: Europe Organic Pigments Market Size, By Type, By Value (USD Billion), 2020-2027

Table 11: Europe Organic Pigments Market Size, By Application, By Value (USD Billion), 2020-2027

Table 12: Europe Organic Pigments Market Size, By Country, By Value (USD Billion), 2020-2027

Table 13: the Asia-Pacific Organic Pigments Market Size, By Source, By Value (USD Billion), 2020-2027

Table 14: the Asia-Pacific Organic Pigments Market Size, By Type, By Value (USD Billion), 2020-2027

Table 15: the Asia-Pacific Organic Pigments Market Size, By Application, By Value (USD Billion), 2020-2027

Table 16: the Asia-Pacific Organic Pigments Market Size, By Country, By Value (USD Billion), 2020-2027

Table 17: Latin America Organic Pigments Market Size, By Source, By Value (USD Billion), 2020-2027

Table 18: Latin America Organic Pigments Market Size, By Type, By Value (USD Billion), 2020-2027

Table 19: Latin America Organic Pigments Market Size, By Application, By Value (USD Billion), 2020-2027

Table 20: Latin America Organic Pigments Market Size, By Country, By Value (USD Billion), 2020-2027

Table 21: The Middle-East & Africa Organic Pigments Market Size, By Source, By Value (USD Billion), 2020-2027

Table 22: The Middle-East & Africa Organic Pigments Market Size, By Type, By Value (USD Billion), 2020-2027

Table 23: The Middle-East & Africa Organic Pigments Market Size, By Application, By Value (USD Billion), 2020-2027

Table 24: The Middle-East & Africa Organic Pigments Market Size, By Country, By Value (USD Billion), 2020-2027

Table 25: BASF SE Financial Analysis

Table 26: BASF SE Business Overview

Table 27: VOXCO India Financial Analysis

Table 28: VOXCO India Business Overview

Table 29: Clariant Corporation Financial Analysis

Table 30: Clariant Corporation Business Overview

Table 31: Vipul Organics Ltd Financial Analysis

Table 32: Vipul Organics Ltd Business Overview

Table 33: COLORWEN INTERNATIONAL CORP. Financial Analysis

Table 34: COLORWEN INTERNATIONAL CORP. Business Overview

Table 35: VIBFAST PIGMENTS PVT LTD(Group) Co., Ltd Financial Analysis

Table 36: VIBFAST PIGMENTS PVT LTD(Group) Co., Ltd Business Overview

Table 37: DIC CORPORATION Financial Analysis

Table 38: DIC CORPORATION Business Overview

Table 39: Trust Chem Co. Ltd Financial Analysis

Table 40: Trust Chem Co. Ltd Business Overview

Table 41: Hangzhou Han-Color Chemical CO. LTD Financial Analysis

Table 42: Hangzhou Han-Color Chemical CO. LTD Business Overview

Table 43: Sudarshan Chemical Industries Limited Financial Analysis

Table 44: Sudarshan Chemical Industries Limited Business Overview

Table 45: Heubach GmbH Financial Analysis

Table 46: Heubach GmbH Financial Analysis

Table 47: Origo Chemical Financial Analysis

Table 48: Origo Chemical Business Overview

Table 49: Indian Chemical Industries Financial Analysis

Table 50: Indian Chemical Industries Business Overview

Table 51: Koel Colours Pvt Ltd Financial Analysis

Table 52: Koel Colours Pvt Ltd Business Overview

Table 53: Dainichiseika Color & Chemicals Mfg. Co. Financial Analysis

Table 54: Dainichiseika Color & Chemicals Mfg. Co. Business Overview

Table 55: FERRO CORPORATION Financial Analysis

Table 56: FERRO CORPORATION Business Overview

Table 57: Synthesia, a.s. Financial Analysis

Table 58: Synthesia, a.s. Business Overview

Table 59: Jet-Mate Canada Inc.  Financial Analysis

Table 60: Jet-Mate Canada Inc.  Business Overview

Table 61: The Chemours Company Financial Analysis

Table 62: The Chemours Company Business Overview