Organic Pigments are the organic compounds with pigment properties. The global organic pigments market can be segmented on the basis of source, type of pigment and application. On the basis of source, organic pigments are segmented into natural and synthetic. Natural organic pigments are derived from the plant and animal sources. Synthetic organic pigments are manufacture from petroleum products.
On the basis of type of pigment, organic pigments can be segmented into phthalocyanine pigments, azo Pigments and HPPs (High-performance Pigments). Azo pigment is the largest segment on the account of varied applications and low price associated with the pigment. Based on application organic pigment is further sub-segmented into paints and coating, printing inks and plastics. The printing inks segment is anticipated to be the largest sub-segment on the account of increasing demand from different end user industries such as packaging, plastics and textiles.
The global Organic Pigments Market is anticipated to expand at a CAGR around 5.0% during 2017-2027. It is anticipated to value around USD 5.9 by 2027. The rising demand from various end-use industries coupled with favorable government policies is anticipated to augment the demand for organic pigments.
By region, Asia-Pacific is anticipated to be fastest growing region on the account of rapid industrialization which results in the increasing demand for various type of organics pigments. The government is also taking various initiatives to promote the use of organic pigment as they are relatively less harmful to environment.
Increased demand for the HPPs (High-performance Pigments) coupled with stringent government policy is anticipated to fuel the market of organic pigments
The properties of HHPs such as high heat stability, chemical exposure and light fastness and insolubility are anticipated to augment the demand for organic pigments globally. These enhanced properties make them suitable for the application in automotive coatings which require excellent light and weather conditions.
The government across the globe is making stringent government regulations regarding the use of environment friendly pigments. The government is making mandatory the use of quality raw material and enhanced manufacturing process. The change in the quality of the raw materials should not be altered as it affects the final product. The various key companies through its research and development activities is developing new and advanced product which has reduced harmful impact on the environment.
The report titled “Organic Pigments Market: Global Demand Analysis & Opportunity Outlook 2027” delivers the detailed overview of the global organic pigments market in terms of market segmentation by source, by pigment, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the global organic pigments market which includes company profiling of key companies such as Sensient Technologies Corporation, BASF SE, Clariant, DIC Corporation, Lansco Colors, Chemicals Company Limited, Sun Chemical Corporation, Synthesia, Neochem Industries, Vibfast Pigments Pvt. Ltd., Neelikon Food Colors & Chemicals Ltd., Heubach India and Shanghai Road Dyestuffs.
The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global organic pigments marketthat is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.