Organic Pigments Market Trends

Global Organic Pigments Market Overview

Organic Pigments Market Size was valued at USD 5,706 Mn in 2023. The Organic Pigments industry is projected to grow from USD 5,973.61 Mn in 2024 to USD 8,619.43 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 4.69% during the forecast period (2024 - 2032). The organic pigments market is expected to be driven by its increasing use in the printing ink and paints & coatings industry. The increasing demand for printing ink for packaging material has boosted the demand for organic pigments in the market. While increasing use of organic pigments in various coatings such as decorative, industrial, construction and automotive coating is expected to drive demand for organic pigments due to their high tinting strength and effective resistance. Also, the demand for organic pigments is expected to rise especially in emerging economies due to increasing textile production. Organic pigments due to their brightness, quality and strength are increasingly being used in the textile sector as colorants. the animal feed nutrition industry and the surging demand for organic pigments in the food & beverage industry. With the rapid significant increase in production scale the demand for organic pigments is expected to rise in the global market.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Organic Pigments Market Trends

• 
  

  Increasing application in printing ink and paints &coatings industry

  
  

Organic pigments are utilized in a variety of applications, including printing inks and paints & coatings, which are likely to fuel market expansion during the projection period. Organic pigments are the most significant colorants in the printing inks business due to their variety, colors, and high performance. Organic pigments are extremely durable and resistant to fading and chemical reactions, making them excellent for use in printing. They are also quite versatile, as they may be used in a variety of printing procedures such as flexography, gravure, and screen printing. Organic pigments, in general, are an important component in the formulation of high-quality printing ink solutions. Furthermore, strict guidelines governing the use of printing inks in food packaging are driving demand for environmentally friendly organic pigments. Food packaging safety has become a global issue, and concerned populations are becoming more conscious of the possible transfer of container color into food items. Organic pigments of high grade are color and viscosity stable. They are readily printable in a variety of mediums. Increased demand for a wide variety of FDA-approved pigments, such as yellow, green, and other coloring agents, is likely to fuel market growth during the projection period.

Surge in textile production in emerging economies

Organic dyes and organic pigments are increasingly being employed as textile colorants. Colorants utilized in various textile segments are primarily responsible for the high demand. With the increasing volume of the textile sector, there is a rising demand for coloring and dying the cloth, resulting in a strong market demand for pigments. Most pigments used in industry are organic molecules. Because of their exceptional light fastness, pigments are widely used for coloring fabrics such as cotton, wool, and other man-made fibres. They have no attraction for fibres and are attached to fabric with the assistance of resins. However, demand is increasing due to people's increased awareness of the need for ecologically friendly products. In addition, we notice a trend towards high pigment concentration and brilliant aesthetics, which contributes to an increase in the need for organic pigments in the textile sector. As a result, we would see an enormous surge in demand for organic pigments in the textile industry.

The textile sector is expanding rapidly in emerging economies, particularly in India, China, Mexico, and Brazil. According to the Indian Brand Equity Foundation (IBEF), the textile and apparel industry in India accounts for 13% of total industrial output. India's textile and apparel exports (including handicrafts) were USD 44.4 billion in 2022, representing a 41% rise year on year. In 2022, readymade garment exports including cotton accessories were USD 6.19 billion. Industry is one of the most important and vital sectors of the economy. Various initiatives are also being launched to support and expand the Indian textile market. The Union Budget, which was released by the Textile Ministry and the finance minister, has given the industry a significant boost. The government's plans to establish seven giant textile parks throughout India will not only provide job possibilities but also improve the MSME sector. An even larger plan, costing USD 1.4 billion, was unveiled, which will assist textile and apparel manufacturing facilities in realizing their capacity potential. These actions by the government are positive moves towards enabling the industry's growth. According to a report by the Federation of Indian Chambers of Commerce and Industry (FICCI)-Wazir Advisors, the Indian textile and apparel market is expected to be worth USD 153 billion in 2021, with the domestic market accounting for USD 110 billion and exports accounting for USD 43 billion, with the Indian textile and apparel market having the potential to grow to USD 250 billion by 2025-26. With the textile sector in India predicted to develop dramatically, the market need for colorants is expected to rise, resulting in a rise in demand for organic pigments.

Development of low-VOC and eco-friendly products

With increasing consumer awareness of the environmental impacts of chemicals and the commitment of manufacturing companies to reduce their environmental impact and contribute to the sustainability goals set by governments at the national level and by companies themselves at the individual level, there is an increasing trend of development as well as demand for eco-friendly products in the global market. Consumer interest in environmentally friendly items has increased in recent years, owing to the trend towards all natural and environmentally friendly options. This increased consumer preference is driving an increase in demand for low-VOC and environmentally friendly products in the organic pigments market. Organic pigments collected from animals and flowers contain a wide spectrum of deep colors, including rose, deep red carmine, and crimson, whereas synthetic organic pigments are generated from petroleum chemicals. They are often more powerful, brighter, and clearer than inorganic pigments, but not as light-resistant. They may be partly soluble in a variety of thermoplastics. Organic pigments are becoming increasingly popular because they may be utilized in a variety of applications, including food & beverages and the cosmetics sector, are ecologically benign, and are long-lasting. They are also increasingly being used to color polymers. The need for organic pigments has also increased due to the increasing importance of low-volatile organic compounds in goods such as paints & coatings, inks, and polymers. As a result, inorganic pigments are increasingly being replaced by organic pigments, or they are used in combination to lessen the product's negative impact on the environment and humans. This practice is also projected to boost market potential for organic pigments.

DayGlo's Elara Luxe pigment line is a cutting-edge choice for producers of makeup and personal beauty care items in 2023. A vital component of many cosmetic and personal beauty care goods, pigments are found in nail polishes, lipsticks, and eyeshadows, among other items. Innovation in this field is more and more important as customer demand for products with sustainable and clean ingredients grows.

One of the top manufacturers of organic and inorganic pigments as well as complete color solutions, The Heubach Group, introduced its new UltrazurTM product range in 2023. A new production plant at Heubach's Dahej, India, produces a range of Ultramarine Blue pigments in four colors ranging from greenish to reddish for a variety of standard and difficult applications.

With the introduction of its new product line, Licosperse, which features more environmentally friendly pigment preparations for polish applications, Clariant—one of the top producers of organic pigments and dyes worldwide—has increased its commitment to sustainability in 2021. The preparations are made without the use of dust, heavy metals, or resin, and are made from non-toxic raw materials to facilitate easy usage in the end user's industrial processes.

Organic Pigments Market Segment Insights

Organic Pigments by Type Insights

The Organic Pigments Market segmentation, based on Type has been segmented as Azo Pigments, Phthalocyanine Pigments, High-Performance Pigments and Others. Among these, the Azo Pigments segment is projected to dominate the Organic Pigments Market revenue through the projected period. Azo pigments are widely used in a variety of applications due to their bright and vibrant colors, chemical stability and good lightfastness. They find application in the production of printing inks, including offset, flexographic, gravure and screen-printing inks as they can provide a wide range of colors and can be used for a variety of printing purposes, from packaging to decorative printing.

Organic Pigments by Application Insights

Based on Application, the Organic Pigments Market is segmented as Paints & Coatings, Printing ink, Textile, Plastic & Rubber and Others. Out of which the Printing ink segment dominated base year market and is also projected to dominate the Organic Pigments Market revenue through the projected period. Organic pigments are widely used in the production of printing inks for various applications. They are commonly used in packaging printing, which includes flexible packaging, labels, cartons and more. These pigments provide a wide spectrum of colors, enabling eye-catching and attractive packaging designs. Inks used for printing newspapers, magazines, books and other publications often contain organic pigments. These pigments contribute to the full range of colors required for high-quality printing.

Organic Pigments Regional Insights

Based on Region, the Organic Pigments market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia-Pacific Organic Pigments market held the maximum market share and is also expected to account for a significant revenue share during the forecast period. Additionally, Asia Pacific region is expected to account for the significant growth, with China and India leading the way. Rapid urbanization and infrastructure development in countries such as China and India have led to increased construction activity. Organic pigments are used in construction materials such as paints, coatings and architectural finishes that are essential for new buildings and infrastructure projects. Furthermore, the growth of the e-commerce industry and increased consumer awareness of packaging aesthetics have created a demand for colorful and visually appealing packaging materials. Organic pigments are widely used in the production of packaging materials for various industries, including food and beverage, cosmetics and consumer goods.

Organic Pigments Key Market Players & Competitive Insights

Key market players are emphasizing significantly on R&D for increasing their product offerings, which will further help the Organic Pigments Market to grow considerably. Market players are adopting several business development strategies such as acquisitions, mergers, collaborations, and partnerships to enhance their market presence and acquire a larger customer base. To survive in the competitive market, industry players must provide cost effective products.

The Organic Pigments market is very competitive with market players trying to develop unique and innovative products and solutions, which could render the competitors’ offerings obsolete. The competitive environment is likely to grow further owing to rising technological advancements. Some of the key players operating in the Organic Pigments Market are Sudarshan Chemical Industries Ltd, DIC Corporation, Huntsman Corporation, Sun Chemical, Dainichiseika Color & Chemicals Mfg Co Ltd, Ferro Corporation, Kemira, Heubach GmbH, Atul Ltd, Trust Chem, Toyocolor Co., Ltd, Lanxess. To increase their global reach and client base, key firms are concentrating on acquisitions and product innovation.

Sudarshan Chemical Industries Ltd: Sudarshan Chemical Industries Ltd (Sudarshan Chemical) is a chemical firm that creates, manufactures, and sells pigments and colors. Organic and inorganic pigments, azo and high-performance pigments, effect pigments, pigment dispersions, and chemical intermediates are all part of the company's product offering. It offers goods in a variety of colors and textures. Sudarshan Chemical manufactures pigments for the coating and plastic industries. Other markets served by the company include inks, construction, paints, plastics, textiles, and cosmetics. It has manufacturing operations in Maharashtra in Roha and Mahad. Europe, the Middle East, Africa, the Americas, and Asia-Pacific are among the regions where the company operates.

DIC Corporation: DIC Corporation (DIC) is a chemical conglomerate. It manufactures and sells inks, fine chemicals, organic pigments, and synthetic resins. Coatings and supplies, polymers, liquid crystal materials, liquid compounds, solid compounds, application materials, specialty plastics and compounds, and biochemicals are all available from the company. Its products are used in a wide range of industries, including automotive, electronics, packaging, commercial, industrial, and digital. The company is divided into several divisions. It operates a network of manufacturing factories, branch offices, and a centralized research laboratory. It operates throughout Asia-Pacific, Europe, Africa, North America, Central America, and South America.

Key Companies in the Organic Pigments Market includes.

• Sudarshan Chemical Industries Ltd (India)


• DIC Corporation (Japan)


• Huntsman Corporation (US)


• Sun Chemical (US)


• Dainichiseika Colour & Chemicals Mfg Co Ltd (Japan)


• Ferro Corporation (US)


• Kemira (Finland)


• Heubach GmbH (Germany)


• Atul Ltd (India)


• Trust Chem (China)


• Toyocolor Co., Ltd (Japan)


• Lanxess (Germany)

Organic Pigments Industry Developments

January 2022: The Heubach Group and SK Capital Partners closed acquisition of global colorants business of Clariant. The Heubach Group and SK Capital Partners announced the completion of the acquisition of Clariant’s global colorants business. The combined business will operate under the Heubach brand, creating a global pigment technology and industry leader.

July 2021: DIC and Debut Biotech launched the first phase of their joint development agreement (JDA) to develop a new method for synthesizing natural pigments. Working together, DIC and Debut Biotech achieved titers one-thousand times higher than traditional fermentation methods typically deliver.

Organic Pigments Market Segmentation

Organic Pigments Type

• Azo Pigments


• Phthalocyanine Pigments


• High-Performance Pigments


• Others

Organic Pigments Application Outlook

• Paints & Coatings


• Printing ink


• Textile


• Plastic & Rubber


• Others

Organic Pigments Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • UK
  
  
  • France
  
  
  • Spain
  
  
  • Russia
  
  
  • Italy
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Latin America
  
  
  
  • Brazil
  
  
  • Mexico
  
  
  • Argentina
  
  
  • Rest of Latin America
  
  
  
  


• Middle East & Africa
  
  
  
  • GCC Countries
  
  
  • South Africa
  
  
  • Rest of Middle East & Africa