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

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.

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

The growing demand for organic pigments in the paint and coatings industry is a major driver of the organic pigments market. This trend is primarily driven by the expanding construction and automotive industries as well as increased consumer demand for environmentally friendly and sustainable products. According to the World Paint & Coatings Industry Association (WPCIA), the worldwide paint and coatings industry is expected to reach USD 235 Billion by 2028, with a compound annual growth rate (CAGR) of 5.4% between 2021 and 2028. This expansion has a direct impact on the demand for organic pigments which are crucial components in generating brilliant, durable, and ecologically friendly coatings.

According to the United States Environmental Protection Agency (EPA), VOC emissions from paints and coatings have decreased by 60% since 1990, mostly due to the usage of organic and water-based formulations. This shift to low-VOC products has expanded the use of organic pigments in the industry. The automotive industry, a major user of paints and coatings is also contributing to the need for organic pigments. Despite supply chain interruptions, the International Organization of Motor Vehicle Manufacturers (OICA) expects global vehicle production to exceed 80 million units in 2021. As automakers strive to meet stringent environmental rules and consumer demand for sustainable products, the use of organic pigments in car coatings is expected to rise.

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 dominate the market due to their high flexibility and a large range of brilliant colors. Azo pigments which include the azo functional group (-N=N-), are one of the most diverse types of organic pigments. They’re recognized for their vivid, vibrant colors which range from yellow and orange to red and brown. Azo pigment’s versatility makes them suitable for a wide range of applications including paints, coatings, polymers, printing inks, textiles, and cosmetics. Their capacity to give a wide range of hues combined with low production costs and exceptional stability makes them very popular in a variety 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?

Paints and coatings are the most common applications for organic pigments. This dominance is primarily due to the widespread use of organic pigments in the composition of paints and coatings for a wide range of surfaces including buildings, automobiles, and industrial machines. Organic pigments are preferred in this market due to their excellent color qualities which include brightness, tinting strength, and colorfastness resulting in colorful and long-lasting finishes. Furthermore, the growing demand for eco-friendly and low-VOC (volatile organic compounds) paints is accelerating the use of organic pigments which are generally thought to be less damaging to the environment and human health than their inorganic alternatives.

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.

China and India, the region’s two most populous countries, are predicted to be the fastest-growing markets for organic pigments. According to the National Bureau of Statistics of China, China’s disposable income per capita will increase by 8.1% in 2021 to 35,128 yuan (about $5,428). India’s per capita net national income increased from ₹94,270 in 2015-16 to ₹126,855 in 2020-21, as stated by the Ministry of Statistics and Programme Implementation. This growing prosperity combined with rising urbanization rates (China’s urbanization rate reached 64.7% in 2021, while India’s is expected to reach 40% by 2030, according to the UN) is boosting demand for high-quality, ecologically friendly products that frequently include 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

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

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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