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Market Overview of Global Organic Pigments market:
According to our latest research, the global Organic Pigments market looks promising in the next 5 years. As of 2022, the global Organic Pigments market was estimated at USD 4660.02 million, and it's anticipated to reach USD 5630.34 million in 2028, with a CAGR of 3.2% during the forecast years.
Organic pigments contain carbon atoms which form strong stable chemical bonds and are always present in animal, vegetable, and synthetic organic chemistry. Organic pigments are usually bright, pure, light in weight and rich in tinting strength. Organic pigments are widely used to add color to various products such as paints, plastics, inks, and textiles.
Organic Pigments Market Drivers
Paint is a material that is applied to the surface of an object to protect, decorate, conceal product defects and other special functions. It is mainly composed of four major substances: resin, pigment, solvent and additive. Among them, pigments are mainly used for coloring and improving the performance of the coating film, enhancing the protection, decoration and anti-rust functions of the coating film, accounting for 5%-10% of the coating.
In recent years, the global coatings market has maintained a steady growth trend, among which architectural coatings account for a high proportion, followed by industrial coatings. The future development of the coatings industry has put forward new demands on pigment manufacturers. As the coatings industry increases the proportion of environmentally friendly coatings, the demand for green and environmentally friendly organic pigments in the coatings industry is expected to continue to grow.
In terms of industries, architectural coatings have always occupied a dominant position in the field of coating applications, and their output will maintain steady growth with the in-depth development of urbanization and infrastructure investment in emerging economies such as India. Since architectural coatings have higher requirements on light resistance, heat resistance and stability, the demand for organic pigments with excellent performance is expected to gradually increase. At the same time, the global automotive coatings market is one of the fastest-growing segments in the coatings industry, and it is also the coating with the highest performance requirements. Automotive coatings mainly use high-performance organic pigments such as quinacridone, benzimidazolone, and DPP. There are few high-performance organic pigment manufacturers in the world that can meet the application requirements of automotive coatings. Most of the automotive coatings come from international high-end brands. In the future, other manufacturers will have more room for growth in this field.
Region Overview:
Asia-Pacific was the largest revenue market with a market share of 32.74% in 2018 and 33.30% in 2023, an increase of 0.56%. In 2023, Europe market share was 30.45%, ranking second.
Company Overview:
DIC
Color & Comfort DIC is a fine chemicals company with a top share in printing inks, organic pigments and PPS compounds in the global market. Established in 1908 as a manufacturer of printing inks, DIC has capitalized on its capabilities in organic pigments and synthetic resins to build a broad portfolio to markets such as Automotive, electronics, foods and housing. DIC operates in more than 60 countries and territories around the world today.
Heubach Group
Heubach GmbH produces organic and inorganic color pigments. The Company color pigments are used in products including powder and decorative coatings, packaging and laminated inks, engineering plastics and polystyrenics, paper and latex gloves and balloons.
Lily Group
Lily Group Co., Ltd. is a national high-tech enterprise, with the only national-level technology center in China's organic pigment industry a national post-doctoral workstation.
The industry concentrate rate is relatively high. The market share of the top three companies in 2022 was 62.25%. The top three companies are DIC, Heubach Group and Lily Group, with the revenue market share of 34.64%, 19.79% and 7.82% in 2022.
Segmentation Overview:
Organic pigments are produced from organic compounds such as aromatic hydrocarbons, azo compounds, and phthalocyanine. Therefore, organic pigments can be classified according to the main components.
Among different product types, Azo Pigments segment is anticipated to contribute the largest market share in 2027.
Application Overview:
by Application, the Organic Pigments is primarily split into Paints and Coatings, Plastics and Polymer, Printing and Packaging, Textile, etc.
By application, the Paints and Coatings segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Organic Pigments market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Organic Pigments Market Report:
Market Size Estimates: Organic Pigments market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Organic Pigments market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Organic Pigments market
Segment Market Analysis: Organic Pigments market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Organic Pigments market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Organic Pigments Market: Revenue and sales volume of major countries in each region
Organic Pigments Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Organic Pigments market in major regions.
Organic Pigments Industry Value Chain: Organic Pigments market raw materials & suppliers, manufacturing process, distributors, downstream customers
Organic Pigments Industry News, Policies & Regulations
Key players in the global Organic Pigments market are covered in Chapter 12:
Unilex Colors & Chemicals Limited
Yabang Pigment
DIC
Sudarshan
AksharChem
Lily Group
Xinguang
Changzhou North American Chemical
HIFICHEM
Shandong Sunshine Pigment Co., Ltd.
Atul Ltd
Asahi Songwon Colors Ltd.
Jeco Group
Heubach Group
Shuangle
Sanyo Color Works
In Chapter 2 and Chapter 15.1, based on types, the Organic Pigments market from 2018 to 2028 is primarily split into:
Azo Pigments
Phthalocyanine Pigments
High-performance Pigments
In Chapter 3 and Chapter 15.2, based on applications, the Organic Pigments market from 2018 to 2028 covers:
Paints and Coatings
Plastics and Polymer
Printing and Packaging
Textile
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Organic Pigments market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028