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Classic Organic Pigments Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4091

Global classic organic pigments market share is anticipated to record a lucrative CAGR between 2022 and 2028 owing to the rising demand for different types of organic pigments, which are molecules that are made of carbon atoms along with oxygen, nitrogen, or hydrogen atoms. While natural organic pigments are procured from plant and animal products, the usage of these pigments is rare owing to their property of poor light fastness. However, these pigments are in high demand from modern commercial paint companies for lending romance in their traditional mixtures.

On the basis of chemical composition, the market is segmented into diarylide, phthaocyanine, azo, and other segments. Of these, the classic organic pigments market share is expected to register appreciable growth from the azo pigments segment through 2028. This rise is attributed to the high demand for organic yellow, orange, and red pigments. The segmental growth is mainly driven by the surging demand for organic pigments synthesized from aromatic hydrocarbons and containing a nitrogen group.

Based on end-use, the classic organic pigments market is categorized into plastics, paints & coatings, inks, and other segments. Out of these, the paintings & coatings segment is estimated to exhibit commendable expansion by 2028. This upsurge is due to the escalating demand for pigments that are mixed with numerous additives, solvents, and resins for the purpose of manufacturing various types of coatings/paints.

This mainly covers distempers, marine/hammertone, water-based acrylic emulsions, acrylic lacquers, decorative paints, stoving, cement/exterior paints, epoxy, synthetic enamels, industrial coatings, OBD, and others. These factors are expected to drive segmental expansion through the coming years.

By region, the North America classic organic pigments market size is expected to observe substantial growth through 2028 considering the formulation of regulatory guidelines regarding the usage of pigments across various applications. For instance, the U.S. Food and Drug Administration has launched a “Summary of Color Additives” for the regulation of color additives that are used in different types of cosmetics.

Major players across the classic organic pigments market comprise SYNTHESIA, a.s., Trust Chem Europe BV, Cathay Industries, Brenntag Specialties Inc., Hangzhou Origo Chemical Co., Ltd., and others. These companies are focused on the adoption of strategic moves such as mergers, acquisitions, product developments, collaborations, and partnerships for the expansion of geographical footprint and enhancing product penetration.

Some of the instances have been mentioned below:

  • In June 2020, Cathay Industries announced plans for the expansion of its South East Asian manufacturing footprint for meeting the escalating demand for its iron oxide pigment technology.
  • In November 2021, Meghmani Organics announced plans for breaking into a new variant of white pigment TiO2 by setting up a 33,000 metric tons production unit at Dahej, Gujarat. The compound finds application in polymers, paint, dyes, coating, paper and cosmetics, plastic, and others.

Impact of COVID-19 pandemic on classic organic pigments market size

The SARS-CoV-2 pandemic has impacted the industry owing to hurdles from lockdown restrictions and supply chain disruptions. Numerous companies have, therefore, formulated mitigation plans for building new business relationships and catering to clientele requirements during the pandemic period. These aspects are expected to propel opportunities of product development for the purpose of boosting business scenario across various regions.

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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