Organic Pigments Market By Type of Organic Pigment (Azo Pigments, Phthalocyanine Pigments, Quinacridone Pigments), Application (Paints and Coatings, Printing Inks, Plastics), Technology (Solvent-Based, Water-Based, High-Performance Pigments (HPP)), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Organic Pigments Market Valuation – 2024-2031

The market’s expanding demand for organic pigments is being driven by a growing preference for ecologically friendly and sustainable products across a variety of industries. Organic pigments from natural sources are gaining popularity because of their nontoxic and environmentally beneficial qualities. Packaging, textiles, and cosmetics industries are increasingly using organic pigments to suit consumer demand for safer and more environmentally friendly products by enabling the market to surpass a revenue of USD 4.94 Billion valued in 2024 and reach a valuation of around USD 20.72 Billion by 2031.

The growing consumer awareness of health and environmental issues is driving demand for organic pigments. People are becoming more aware of the contents in everyday things like cosmetics and food packaging. Organic pigments which are free of heavy metals and synthetic chemicals are consistent with the growing popularity of clean labeling and natural product formulations by enabling the market to grow at a CAGR of 21.66% from 2024 to 2031. 

Organic Pigments MarketDefinition/ Overview

Organic pigments are colorants formed from carbon-based molecules that are commonly used to add color to products such as plastics, inks, paint, and textiles. Organic colors, as opposed to inorganic pigments, are produced through a complex chemical synthesis combining carbon, hydrogen, nitrogen, and various other elements. These pigments are valued for their vivid colors, strong tinting power, and exceptional transparency.

Organic pigments are widely employed in a variety of industries due to their bright hues, environmental friendliness, and adaptability. One of the most common applications is in the coatings sector which includes paints, varnishes, and inks. Organic pigments are used in paints and varnishes to provide spectacular and diversified color options for architectural, automotive, and industrial applications.

Organic pigments due to their bright colors and environmental benefits are expected to play an important role in a variety of industries in the coming years. One key area for future application is sustainable packaging and printing. The demand for eco-friendly materials is increasing as people become more conscious of environmental challenges and promote sustainable behaviors. Organic pigments are less hazardous to the environment than inorganic pigments making them excellent for use in biodegradable packaging and eco-friendly inks.

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Will the Increasing Demand for Organic Pigments in Paints & Coatings Industry Drive the Organic Pigments Market?

What's fueling the organic pigments market? Well, it's largely due to the increasing need for them in the paint and coatings world. Think about it – the construction and automotive industries are booming, and people are more and more interested in products that are good for the environment. That's a big push! The World Paint & Coatings Industry Association (WPCIA) says the global paint and coatings biz is looking at hitting USD 235 Billion by 2028, growing at a rate of 5.4% each year from 2021. That’s huge! And because organic pigments are essential for making coatings that are bright, long-lasting, and eco-friendly, this growth directly impacts their demand.

Hey, did you know that the United States Environmental Protection Agency (EPA) says that paint and coating emissions have dropped by 60% since 1990? That's mostly because we're using more eco-friendly, organic, and water-based stuff. This move to low-VOC options has really given a boost to the use of organic pigments, especially in places like the automotive industry. And even with all the supply chain craziness, the International Organization of Motor Vehicle Manufacturers (OICA) thinks we made over 80 million vehicles in 2021! As car companies try to follow tougher environmental rules and meet what we, the consumers, want – which is more sustainable stuff – we're likely to see even more organic pigments in car coatings. Pretty cool, right?

Will Rising Health Concerns Due to Hazardous Chemicals Hamper the Organic Pigments Market?

Rising health concerns about dangerous chemicals represent a big challenge to the organic pigments business but they may not completely break its rise. Organic pigments which are commonly used in sectors such as paints, coatings, plastics, and textiles are thought to be safer than inorganic pigments which can contain harmful metals such as lead and cadmium. However, the manufacturing techniques and raw materials utilized in organic pigments may still contain dangerous chemicals that pose health and environmental dangers. The growing knowledge and regulatory scrutiny surrounding these concerns are forcing the industry to explore safer, more sustainable solutions.

Despite these limitations, growing health concerns may promote good change in the organic pigments market. As people and businesses become more environmentally concerned, there is a greater need for non-toxic, eco-friendly products. This approach encourages the creation and use of greener, safer organic pigments. Regulatory bodies around the world are enforcing stronger limits on dangerous compounds encouraging corporations to innovate and enhance their formulas. For example, advances in biotechnology and green chemistry are paving the way for the manufacturing of organic pigments utilizing environmentally friendly processes and renewable resources.

Category-Wise Acumens

Will Versatility and Wide Range of Vibrant Colors Influence the Type Organic Pigment Segment?

Azo pigments are the big shots in the color world, mainly because they're so versatile and come in a huge range of dazzling colors. These pigments, with their azo functional group (-N=N-) at the heart of it all, are like chameleons of the organic pigment family. Think vibrant, eye-popping colors – we're talking everything from sunny yellows and zesty oranges to fiery reds and earthy browns! This amazing versatility means you'll find them everywherein your paints, coatings, the polymers that make up everyday objects, printing inks, the textiles that make up clothing, and even in cosmetics. Plus, because they're wallet-friendly, super stable, and can create almost any shade you can imagine, they're a total favorite across tons of industries.

While azo pigments dominate the organic pigments market due to their versatility, wide color range, and low cost, other pigments such as phthalocyanine, quinacridone, dioxazine, and perylene play important roles in a variety of high-performance and specialized applications. The market’s diversity reflects the changing demands of sectors seeking brilliant, stable, and long-lasting pigments to satisfy their specific requirements. Continuous improvements in pigment technology improve the performance and broaden the uses of these organic pigments ensuring their sustained relevance and expansion in the worldwide marketplace.

Will the Rising Demand for Durable and Vibrant Coatings in the Construction Sector Drive Growth in the Application Segment?

Think about paints and coatings – they're everywhere, right? Well, organic pigments are the star players when it comes to coloring them! You'll find these pigments adding vibrant hues to everything from the buildings we live in to the cars we drive, and even the heavy-duty industrial machines that keep things running. Why? Because organic pigments bring the wow factor with their amazing color – we're talking serious brightness, powerful tinting, and colors that stick around. Plus, with everyone wanting eco-friendly options and paints with fewer nasty chemicals (low-VOC), organic pigments are becoming even more popular. They're generally considered a kinder choice for both the planet and our health compared to the inorganic stuff.

The paints and coatings segment dominates the organic pigments market due to its widespread use across sectors and the growing trend toward ecologically friendly goods. The demand for organic pigments is driven by the requirement for high-quality, long-lasting, and colorful coatings in construction, automotive, and industrial applications making it the market’s largest category. While other uses such as printing inks, plastics, textiles, and personal care products make a considerable contribution, the sheer size and breadth of the paints and coatings industry ensures its dominant position in the organic pigments market.

Gain Access into Organic Pigments Market Report Methodology

Country/Region-wise Acumens

Will the Presence of Strong Key Players Drive the Growth in the North American Region?

The North American organic pigments market is expected to grow significantly owing to the existence of strong major players and several other reasons. Major players in the region’s market include BASF SE, Clariant AG, and Sun Chemical Corporation all of whom have established strong manufacturing and distribution networks. These industry giants continue to spend in R&D introducing novel goods that meet changing customer demands and tough environmental laws.

According to the US Environmental Protection Agency (EPA), stronger limits on volatile organic compounds (VOCs) have resulted in a 56% decrease in VOC emissions from the coating industry since 1990. This legislative effort has pushed the use of organic pigments which have lower VOC concentration than conventional alternatives.

Furthermore, the United States Bureau of Labor Statistics says that employment in the chemical manufacturing sector which includes organic pigment synthesis has grown at a consistent rate of 1.2% per year over the last five years indicating increased production capacity. According to the United States Census Bureau’s Annual Survey of Manufactures, the value of shipments for synthetic organic dyes and pigments was USD 3.1 Billion in 2020 demonstrating the market’s significant size and potential.

Will the Rising Disposable Incomes Boost the Market in the Asia Pacific Region?

The Asia Pacific region is expected to be a prominent driver of the organic pigments market owing to rising disposable incomes and increased urbanization. According to the World Bank, GDP per capita in East Asia and the Pacific rose from $8,254 in 2010 to $11,471 in 2021 indicating a significant increase in purchasing power. This economic expansion has increased consumer expenditure on products containing organic pigments such as textiles, paints, and packaging materials.

Good news for organic pigments! Looks like China and India, the two giants of the region, are poised to lead the way in market growth. The National Bureau of Statistics of China says people there had 8.1% more spending money in 2021, hitting 35,128 yuan (around $5,428). And in India, according to the Ministry of Statistics and Programme Implementation, per capita net national income jumped from ?94,270 in 2015-16 to ?126,855 in 2020-21. More money in people's pockets, plus everyone’s moving to the city (China's already at 64.7% urbanization in 2021, and the UN thinks India will hit 40% by 2030), means big demand for the good stuff – you know, high-quality, eco-friendly products – which often rely on these organic pigments.

Competitive Landscape

The organic pigments market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the organic pigments market include

  • BASF SE
  • Clariant
  • DIC Corporation
  • Ferro Corporation
  • Lanxess
  • Heubach GmbH
  • Sudarshan Chemical Industries Ltd
  • Trust Chem Co. Ltd.
  • Dainichiseika Color & Chemicals Mfg. Co. Ltd.
  • DCL Corporation
  • Toyocolor Co. Ltd.

Latest Developments

  • In January 2022, Heubach Group and SK Capital Partners partnered to acquire Clariant’s Pigments division. The sale’s baseline enterprise value, as revealed at the time of signing, was USD 878.45 million, subject to closing account adjustments and a potential earn-out payment of USD 54.5 million.
  • In April 2022, At the American Coatings Exhibition in Indianapolis, the Heubach Group debuted its most recent product line, which includes cutting-edge technologies. During ACS 2022, the company demonstrated its next-generation pigments, dyes, pigment dispersions, and specialist materials, which included anti-corrosive, organic, and inorganic pigments.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~21.66% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Type of Organic Pigment
  • Application
  • Technology
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

BASF SE, Clariant, DIC Corporation, Ferro Corporation, Lanxess, Heubach GmbH, Sudarshan Chemical Industries Ltd, Trust Chem Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., DCL Corporation, Toyocolor Co. Ltd.

Customization

Report customization along with purchase available upon request

Organic Pigments Market, By Category

Type of Organic Pigment

  • Azo Pigments
  • Phthalocyanine Pigments
  • Quinacridone Pigments
  • Dioxazine Pigments
  • Perylene Pigments

Application

  • Paints and Coatings
  • Printing Inks
  • Plastics
  • Textiles
  • Personal Care Products

Technology

  • Solvent-Based
  • Water-Based
  • High-Performance Pigments (HPP)

Region

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

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We dig deep into the market, looking at the numbers and the less obvious stuff too, like how people actually behave. We break it all down by different groups and regions, then give you the market value (in USD Billion) for each one. We'll also point out which region and segment are likely to grow the fastest and be the biggest. Plus, we analyze each region, showing you what people are buying and what's driving their choices. Want to know who the big players are? We've got you covered! We'll rank them, highlight their new products, partnerships, and acquisitions from the last five years. You'll also get detailed company profiles with overviews, insights, product comparisons, and SWOT analyses. We’ll give you our take on where the market is now and where it's headed, covering recent trends, growth opportunities, and the challenges ahead in both new and established markets. We even use Porter's five forces analysis to give you a complete picture. See how it all fits together with our Value Chain analysis! Expect a look at market dynamics and future growth opportunities and six months of post-sales analyst support to help you make sense of it all.

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.

Pivotal Questions Answered in the Study

Some of the key players leading in the market include BASF SE, Clariant, DIC Corporation, Sudarshan Chemical Industries Limited, LANXESS, Sun Chemical, Ferro Corporation, Heubach GmbH, Toyocolor Co., Ltd, and Trust Chem Co. Ltd.
The primary factor driving the organic pigments market is the increasing demand for environmentally friendly and non-toxic materials in various industries such as packaging, textiles, and printing. This shift is fueled by growing consumer awareness of sustainability and stricter environmental regulations that encourage the use of organic pigments over their synthetic, metal-containing counterparts.
The organic pigments market is estimated to grow at a CAGR of 21.66% during the forecast period.

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