Classic Organic Pigments Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4091
Classic Organic Pigments Market size is expected to grow steadily during the forecast time span. These pigments are available in different colors and used as a colorant in ink, plastic, paints, coatings and many other applications. They help in enhancing the appearance of various products along with the provision of superior aesthetic appeal.
The classic organic pigments market will be driven by rising demand from paint and coatings industry. These pigments offer color and opacity to the paints. The global paint and coatings industry will witness favorable growth trends in future due to rapid urbanization and economy growth. The surge in residential, commercial and infrastructural activities all over the world is going to boost the demand of paint and coatings in upcoming years. Paints and coatings are widely used in automotive industry for wear & corrosion protection and decoration purposes. Increasing applications in automotive industry will support the growth of paints and coatings market. Additionally, increasing research & development activities coupled with technological progressions will support the market growth of paints and coatings in future. This in turn will spur the demand of classic organic pigments within the forecast period.
Classic organic pigments are used on large scale in plastics industry where excellent shades and high tinting strength are required. They offer high color strength, superior heat, light and mitigation fastness and excellent weathering resistance. The demand of plastics products is rising owing to various applications in electrical & electronics, construction and consumer goods. Moreover, they are now becoming popular in automotive industry for the replacement of metal parts thereby improving their fuel efficiency. According to the report published by PlasticsEurope, the worldwide plastics production reached 348 million tonnes in 2017, displaying growth of more than 3.5% over the production of 2016. The aforementioned trends will bolster the demand of plastics which will subsequently propel the classic organic pigments market size by 2025.
The favorable trends associated with printing ink industry will assist in the growth of classic organic pigments market. Increasing packaging applications from food & beverage and consumer goods sectors are expected to bolster the demand of printing inks sector. Rising population, favorable government policies and changing consumption patterns will create positive outlook for packaged products. Additionally, usage of printing inks for newspapers, magazines, books, advertising will help in the growth of printing inks market. The aforementioned trends will positively influence the market growth between 2019 to 2025.
The classic organic pigments market growth will be hindered by availability of substitutes. High performance pigments are posing a serious threat to classic organic pigments as they offer better performance benefits.
The global classic organic pigments market size is classified on the basis of chemical composition and end-use industry. Based on chemical composition, the market is divided into azo, phthalocyanine, diarylide and other segments. Based on end-use industry, the market is divided into paints & coatings, plastics, inks and others.
Asia Pacific region will capture significant market share in classic organic pigments market during the forecast time period. Countries such as China and India are some of the leading producers of pigments and the demand from end-user industries is on higher side within this region. Countries such as China, Japan, India and South Korea are some of the leading automobile producers in the world and collectively accounted for more than 45% of worldwide automotive production. Such trends will increase the demand of paint & coatings and plastics in upcoming years and it will lead to the growth of classic organic pigments market size. North America and Europe will witness steady growth rates in the market by 2025. Favorable trends associated with printing inks and paints & coatings industry in this region will upscale the demand of classic organic pigments in future. Increasing residential, commercial and infrastructure construction activities all over the world will drive the market in near future.
Some of the key players in classic organic pigments market share are Hangzhou Origo Chemical Co., Ltd., Trust Chem Europe BV, Brenntag Specialties Inc., SYNTHESIA, a.s., Cathay Industries, and others.
Classic Organic Pigments Market, By Chemical Composition, 2014-2025 (USD xx)
Classic Organic Pigments Market Share, By End-use Industry, 2014-2025 (USD xx)
- Paints & Coatings
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- Hangzhou Origo Chemical Co., Ltd.
- Trust Chem Europe BV
- Brenntag Specialties Inc.
- SYNTHESIA, a.s.
- Cathay Industries
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