Categories: Market Research

Organic Pigments Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Organic Pigments by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Organic Pigments, The organic pigments market size has grown strongly in recent years. It will grow from $16.01 billion in 2023 to $17.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to expansion of printing inks market, automotive industry demand ,textile industry applications, plastics industry growth, consumer preferences for sustainable products.

The organic pigments market size is expected to see strong growth in the next few years. It will grow to $21.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to increased use in packaging inks, focus on biodegradability and recycling, shifts in color preferences, global economic trends, rise of water-based and high-solid coatings. Major trends in the forecast period include integration of digitalization in color matching and production, stringent regulatory compliance and certification, growing interest in specialty organic pigments, advancements in nanotechnology for pigment development, rising popularity of high-performance pigments.

An increasing textile industry is expected to propel the growth of the organic pigments market going forward. The textile sector refers to the industries that are primarily concerned with the design or manufacture of clothing and the distribution and use of textiles. A textile is a stretchy material made of a web of synthetic or natural fibers. Organic pigments are used in textiles to give the product color, opaqueness, and other desirable features. This will drive market expansion for organic pigments, as these are widely employed in textile industry for dyeing and printing. For instance, in September 2022, Euratex, a Europe-based European Apparel and Textile Confederation estimates, the textile and garment industry in the EU-27 region was €147 billion in 2021, an 11% growth over 2020. Therefore, the increasing textile industry is driving the growth of the organic pigments market.

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The organic pigments market covered in this report is segmented –

1) By Type: Azo Pigments, Pthalocyanine Pigments, High Performance Pigments (HPPs), Alizarin, Arylide, Other Types

2) By Source: Synthetic, Natural

3) By End-Use: Textile, Paints And Coatings, Automotive, Plastics, Printing Inks, Packaging, Other End-Uses

Product innovation is the key trend gaining popularity in the organic pigments market. Major companies operating in the organic pigments market are focusing on developing new products to sustain their position in the market. For instance, in January 2023, Heubach Group, a Germany-based manufacturer of pigments, pigment preparations, dyes, and specialty materials, launched Ultrazur, a new range of sustainable Ultramarine Blue pigments. The new product line has passed extensive testing in comparison to industry standards, and it is highly resistant to heat (up to 350° C) and light. Furthermore, the innovative technique used in Ultrazur’s final manufacturing stage provides excellent dispersibility, making it particularly suitable for applications involving thin films and fibres. Due to its production using top-of-the-line wastewater and air emissions treatment technologies, Ultrazur is the ‘greenest’ Ultramarine Blue on the market.

The organic pigments market report table of contents includes: