Organic Pigments Market Size, Growth and Share Analysis to 2021
Organic Pigments Market Overview:
Pigments are a group of compounds that are intensely coloured and are employed to impart colour to other materials. Mainly used for colouring paint, ink, plastic, fibre and other materials, they are basically organic and inorganic particulate solids, which alter appearance of the substrate on which they are applied by selective absorption and/or by scattering of light. The natural organic pigments are derived from plants and animals, and can contain metallic elements that help stabilize properties of the organic component while synthetic organic pigments are carbon based and are often derived from petroleum compounds. Organic pigments are used in the form of finely crushed powder for their use in colouring various products and in visual arts. Pigments help enhance properties such as opacity, hiding power, light and weather fastness, heat stability, and tinting strength while also increasing their aesthetic appeal. Inorganic pigments are the most commercially available variant and the most common example is the titanium oxide, which is used in the paint industry to attain whiteness. A sudden rise in demand for organic pigments is owed to the changing consumer preference for plastic packaged products.
Organic Pigments Market Size:
The global organic pigments market was valued at $xx billion in 2017 and is estimated to grow at a CAGR of xx% till 2021 to reach $xx billion.
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Organic Pigments Market Drivers and Restraints:
On the one hand, organic pigments give off brighter colours such as blue, green, yellow, red, and orange, higher colour strength, and have little toxicity, another new variant of pigments called the specialty pigments has hit the market that is primarily used for vibrant colour intensity, glossy effect, and durability, and are used by high-end automobile companies and original equipment manufacturers (OEMs). Organic pigments are being invested upon to find growing usage in protection against dampness, fungi, and corrosion. Being cost-effective and less toxic, makes organic pigments a viable choice for industries all over the world. Unstable prices, environmental regulations and limited availability of raw materials are hindrances to this industry, but the demand is expected to stay stable for the forecasted period.
Geographical Insights of Organic Pigments Market:
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. China and India have become hot hubs for both demand and supply of organic pigments, making Asia Pacific a huge market. However, inorganic pigments are expected to shift the demand for their ease of production and availability over the coming years. Paints and coating, and plastics are the dominant segment across the world for the consumption of organic pigments globally.
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Key Players of Organic Pigments Market:
Some of the key players are SE, Heubach India, DIC Corporation, Clariant, Lansco Colors, Sensient Technologies Corporation, Sun Chemical Corporation, Synthesia, Neochem Industries, Vibfast Pigments Pvt. Ltd., Neelikon Food Colors & Chemicals Ltd., Shanghai Road Dyestuffs & Chemicals Company Limited and others
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