Organic Pigments Market Share, Growth, Size, Demand, Key Player, Development Analysis and Forecast 2023

“Organic Pigments Market”
Organic Pigments Market 2018 Industry and forecast to 2023 report analyzed the world’s main region market conditions, including the product price, profit, capacity, production, capacity utilization, supply, analysis, size, share, demand and industry growth rate etc

Organic Pigments Market:

The global organic pigments market has experienced an enormous growth over the past decade and as per MRFR analysis, the global market will touch higher growth rate of around 4.5 % during the forecast years. The organic pigment market is completely driven by the increase usage of its application industries such as paint & coating, plastic, textiles, printing inks and other. Globally, the paint & coating market is boosting the overall market which in turn has created a platform for organic pigment manufacturers to cover the market.

Several factors which has boosted the global organic pigment market could be considered as Cost effectiveness, Consistency and unique shades, good stability to solvents, non-toxic and others. Geographically, Asia-Pacific is expected to be the fastest growing as well as the largest market for organic pigment where China’s contribution to the overall market has created several opportunities to the local as well as global players. Followed by this, North America and Europe will compete each other in terms of value and volume.

Globally, the market for Organic Pigments, Asia Pacific is set to be the fastest growing market in the coming years, owing to the rising demand for organic pigments based paints & coatings from construction and automobile industry. Organic Pigments are extensively used in the paints & coatings manufacturing to resist chemical attacks, discoloration, weather, and harsh temperatures.

Key Players:

  • BASF SE
  • Dow Chemical Company
  • Huntsman Corporation
  • Nippon Kayaku Company Limited
  • Sensient Technologies
  • Shanghai Road Dyestuffs 
  • Ei Dupont De Nemours
  • Dic Corporation 

 

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Industry/ Innovation/ Related News:

September 2012 – DIC Corporation (Japan), Sun Chemicals has delivered new product named WATERSOL AC-7505 at European Coatings Show 2017. This product provides metallic finishes to automotive interior plastic and also adds a premium look with a clear coat. By this product, DIC Corporation is able to expand their automobile coatings division rapidly and also delivering the latest technology based coatings to the automobile manufacturers. World is expected to witness the highest growth in rising white collar populace where their purchasing power and standards of living are increasing simultaneously. This is an added advantage for the automobile manufacturers to adopt new innovation & technology based organic pigments coatings from DIC Corporation to deliver the premium experience of WATERSOL AC-7505 coated automobiles.

January 2017 – Organic Dyes & Pigments LLC has acquired Eastern Color & Chemical Company and is looking forward to expand their market in the U.S. region. There is a high chance for the company to develop new products by exchanging the technology and deliver better quality products to the organic pigments to wide range of customers across this region.

March 2017 – Evonik Industries AG (Switzerland) is one of the leading producer of paints & coatings, has announced that they have found a new technology to increase the compatibility between pigment and substrate. Many pigments have good binding properties with almost all coatings except alkyd resin coatings remain unsolved. Unlike dyes, pigments do not readily bind with substrate as they are binded physically but not chemically. Evonik Industries AG introduced a new product TEGO® Color Aid which can be used in the formulation to increase the pigment concentrate, colour retention capacity and the binder strength. This cutting edge technology allows the Evonik Industries AG to penetrate into the present scenarios paints & coatings industry’s problems and increase the number of organic pigments coatings application in various industries. This is also strongly going to impact other competitors to sustain in the global organic pigment coatings business.

Organic Pigments Market Competitive Analysis:

The Organic Pigments Market appears to be competitive with the presence of several large and small players operating in the Organic Pigments Market. The key players are competing based on the organic pigments product’s colour index and colour retention capacity. These pigments are widely applied in the paints & coatings industry and more often used for the architectural coatings purposes. BASF is able to penetrate into wide range of applications such food contact materials and toys despite the stricter regulations in European countries. This insight gives strong competition for the other manufacturers in order to sustain their global business.  

Target Audience:

  • Manufactures of end-use industry
  • Raw material Suppliers
  • Aftermarket suppliers
  • Research Institute / Education Institute
  • Potential Investors
  • Key executive (CEO and COO) and strategy growth manager

 

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Organic Pigments Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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