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Classic Organic Pigments Market size is anticipated to witness healthy growth during 2023 to 2032. There is a strong demand for different types of organic pigments, which are molecules that are made from a combination of carbon atoms and oxygen, hydrogen, or nitrogen atoms. These pigments are widely used by commercial paint companies due to their ability to enhance traditional mixtures.
Based on chemical composition, classic organic pigments market is segmented into phthalocyanine, diarylide, azo, and others. The azo segment is expected to capture a sizeable industry share by 2032. One of the major factors contributing to the strong adoption of this chemical is the high need for organic yellow, orange, and red pigments. More end-users are looking for organic pigments synthesized from aromatic hydrocarbons that contain a nitrogen group, thereby improving the market outlook.
Based on end-use, classic organic pigments market is categorized into plastics, paints & coatings, inks, and other sectors. The industry revenue from the paints & coatings segment is estimated to record commendable growth over the analysis timeframe. Rising product usage in this end-use sector can be credited to the escalating need for pigments that are mixed with numerous solvents, additives, and resins to manufacture different types of coatings and paints.
These mainly include distempers, water-based acrylic emulsions, marine/hammertone, acrylic lacquers, decorative paints, cement/exterior paints, stoving, synthetic enamels, epoxy, OBD, industrial coatings, and many others. Recent product launches will also play a vital role in accelerating market development. For example, Sun Chemical unveiled its lead-free Paliotan VIU pigments portfolio that consisted of 6 pigments in several shades, such as mid-yellow, new lemon-yellow, and red.
North America classic organic pigments market value is expected to grow at a notable rate over the forecast timeline as the governments are formulating a wide range of regulatory guidelines to ensure responsible usage of pigments in different applications.Since more cosmetic manufacturers across the region are switching to organic pigments to make sustainable and skin-friendly products, the usage of classic organic pigments will rise.
The ongoing conflict between Russia and Ukraine has negatively influenced classic organic pigments industry trends. The countries’ paints & coatings sector was compelled to shut down its production factories, which disrupted the supply chain network of related end-users. However, gradual recovery from the current situation may bolster the usage of paints to rehabilitate and reconstruct damaged public properties. This may spur the usage of organic pigments in paints and coatings.
Some of the key organizations operating in global classic organic pigments market include Trust Chem Europe BV, SYNTHESIA, a.s., Hangzhou Origo Chemical Co., Ltd., Brenntag Specialties Inc., Cathay Industries, and many others. These companies are focused on the implementation of corporate strategies, such as acquisitions, mergers, product developments, and partnerships to help them expand their geographical footprint and boost their product penetration.
To cite an instance, in November 2021, Meghmani Organics announced plans to manufacture a new variant of TiO2, a white pigment, by setting up a production facility with a capacity of 33,000 metric tons in Dahej, Gujarat, India. This compound is anticipated to find widespread applications in paints, polymers, coatings, dyes, plastics, paper & cosmetics, and other sectors.