Organic pigments are colored, black, white or fluorescent particulate organic solids that companies manufacture either by extraction from natural sources or by organic synthesis. Organic pigments find major applications in printing inks, paints & coatings, plastics, rubber, detergents, foods, and other industries. They impart color and opacity to the final products. Organic pigments offer advantages such as thermal stability, pH stability, weather resistance, and high tinctorial strength over their inorganic counterparts. The growing paints and coatings industry, particularly in Asia Pacific, is one of the key drivers for increasing demand of organic pigments.
The Global Organic Pigments Market is estimated to be valued at US$ 7 Billion in 2024 and is expected to exhibit a CAGR of 23% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Global Organic Pigments are Clariant AG, BASF SE, DIC Corporation, Cabot Corporation, Sudarshan Chemical Industries Limited, Heubach GmbH, Pidilite Industries Ltd., and Lanxess AG.
The increasing use of organic pigments in printing inks offers significant opportunities for market growth. The wider color versatility and superior performance attributes of organic pigments compared to inorganic pigments drive their increasing preference in the printing inks industry.
Asia Pacific dominates the Organic Pigments Market Growth due to extensive industrial activities, rapid economic development, and growing per capita paints and coatings consumption in major countries like China and India. China holds the largest share in global consumption of organic pigments primarily due to huge demand from the paints industry. Other emerging Asian countries are also catching up in terms of industrial growth and present lucrative opportunities for market expansion.
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