The global organic pigments market size is expected to grow by USD 1,678.88 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period.
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Technavio has announced its latest market research report titled Global Organic Pigments Market 2020-2024 (Graphic: Business Wire)
The demand for paints with low VOC content is one of the major factors propelling market growth. However, factors such as high cost of organic pigments will hamper the market growth.
Organic pigments have peculiarly unique properties that ensure hues that other kinds of pigments fail to produce. They are used to provide metallic finishes and elastic properties. Owing to superior properties, organic pigments are highly preferred in specialized applications in the original equipment manufacturers (OEMs) and refinished and high-end automobile industries. Organic pigments are also being used to improve aesthetics and the functional values in both paints and plastics segments. These pigments are used in paints that can protect against harsh weather, dampness, corrosion, fungi, and other destructive influences on the building. Moreover, a few of them are used as a plasticizer dampened powders that allow functional advantages such as light reflection, heat reflection, opacity, and gas and vapor barrier. With paints and coatings with low VOC content gaining prominence, the market for organic pigments is expected to witness massive growth during the forecast period.
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Global Organic Pigments Market: Type Landscape
Azo pigments are also known as diazine derivative pigments. The oxidation of hydrazine results in azo pigments, which impart colors, such as red, yellow, and orange. These pigments are colorless earth and clay materials, which, when treated using azo compounds, impart colors. The pigment carrier is an important aspect that affects the light fastness of azo pigments. The paints and coatings sector is anticipated to be the largest market for azo pigments owing to spurious demand from global construction.
Global Organic Pigments Market: Geographic Landscape
APAC was the largest organic pigments market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increase in infrastructural activities that require paints and coatings with functional benefits will significantly drive organic pigments market growth in this region over the forecast period. 54% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for organic pigments in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered
- BASF SE
- Clariant International Ltd.
- Dainichiseika Color Chemicals Mfg. Co. Ltd.
- DCL Corp.
- DIC Corp.
- Ferro Corp.
- Heubach GmbH
- LANXESS AG
- Sensient Technologies Corp.
- Sun Chemical Corp.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Organic Pigments Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in organic pigments market growth during the next five years
- Estimation of the organic pigments market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the organic pigments market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of organic pigments market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Printing inks Market size and forecast 2019-2024
- Paints and coatings Market size and forecast 2019-2024
- Plastics Market size and forecast 2019-2024
- Others Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Type
- Market segments
- Comparison by Type
- Azo Market size and forecast 2019-2024
- Phthalocyanine Market size and forecast 2019-2024
- Others Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- BASF SE
- Clariant International Ltd.
- Dainichiseika Color Chemicals Mfg. Co. Ltd.
- DCL Corp.
- DIC Corp.
- Ferro Corp.
- Heubach GmbH
- LANXESS AG
- Sensient Technologies Corp.
- Sun Chemical Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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