Market Overview
The
Global Organic Pigment Market size is expected to reach a market value of
USD 6.7 billion in 2024 which is further anticipated to grow to
USD 10.1 billion in 2033 at a CAGR of 4.7%.
This Global Market is composed of both synthetic and naturally based carbon compounds originating from living organisms. Synthetic organic pigments, containing the Petrochemical compounds, offer you a richness of colors such as rose, carmine, and crimson because of their transparency and sheerness. On the other hand, they can be in the form of some light resistance limitations, but could also possess partial solubility in various thermoplastics. The market has been gaining momentum, with its consumers seeking more and more eco-friendly products. Apart from those very specific applications in the area of packaging and advertising, the market has broad-based demand that will offer the companys’ strategic growth opportunities in the upcoming years.
The market has recently shown enough of its market potential since there is more and more demand coming from consumers for ecological products. However, in terms of highly specialized applications such as the ones in the area of packaging and advertising, the remaining demand has a good potential for companies seeking further strategic growth in the approaching years.
Key Takeaways
- Market Size: The Organic Pigments Market size is expected to be worth around USD 10.1 Bn by 2033 from USD 6.7 Bn in 2024, at a CAGR of 4.7%.
- Market Definition: Organic pigments are colorants derived from carbon-based compounds, normally synthesized from petrochemicals or natural resources. They provide a huge variety of colorful colorations and are broadly used in various industries.
- Source Segment Analysis: Natural pigments are expected to dominate the organic pigment market in the source segment with the highest market share in 2024.
- Type Segment Analysis: Azo Pigments are projected to dominate the organic pigment market with a 24.1% market share in 2024.
- Technology Segment Analysis: High-performance pigments are expected to dominate the technology segment in this market with the highest market share in 2024.
- Application Segment Analysis: Paints & Coatings are projected to dominate the organic pigment market based on application with a 32.2% market share in 2024.
- Growth Driver: The increasing awareness of environmental protection is driving the demand for organic chemicals, which are preferred due to their environmentally friendly nature, thus driving market growth in industries globally.
- Regional Analysis: North America is expected to lead the organic pigment market with the highest market share of 34.1% in 2024.
Use Cases
- Architectural Paints: Organic pigments are utilized in architectural paints to provide colorful and long-lasting colorations for interior and outdoor surfaces, enhancing aesthetics and durability.
- Automotive Coatings: Organic pigments are essential to automobile coatings, imparting UV resistance, weatherability, and shade balance, ensuring colorful and sturdy finishes for vehicles.
- Packaging Materials: Organic pigments are hired in packaging materials to create eye-catching designs and emblem identities while ensuring coloration consistency, product appeal, and shelf life.
- Textile Printing: Organic pigments are utilized in textile printing approaches to provide colorful and fade-resistant designs on fabrics, providing versatility, sturdiness, and colorfastness for diverse apparel and home textile applications.
Market Dynamic
Growth Driver
Expanding End-User IndustriesThe organic pigments sector witnessed a surge in growth as a result of increased application in many end-product areas such as painting, coatings, printing inks, plastics, textiles, and cosmetics. Industrialization as utilized for the purpose of infrastructure development, such as smart cities, urbanization, and construction of various infrastructures helps to spur an unparalleled demand in the world for organic pigments that are used in architectural coatings, automotive finishes, packaging materials, and consumer goods.
Shift towards Sustainable Solutions
Enhancing environmental issues and product awareness amongst consumers will shift their preference towards green-oriented and eco-friendly products, and finally encourage the use of organic pigments which are derived from natural sources. The introduction of eco-friendly dyes will provide new opportunities for the market as manufacturers will invest in the creation of new technologies to meet the regulatory standards and consumers' options for dyes with less effects on the environment.
Trends
Technological Innovation
The rapid development of pigment production technology has led to breakthroughs in the development of the market. The production of pigments is also going through a high level of technical improvement to come up with superior paints with better properties like the increased intensity of the color, durability, and resistance to external factors suitable for the requirements of different end users across different industries.
Customization and Personalization
Another trend that is gaining traction is the need for custom and individually personalized pigment solutions. In response to the increasing demand for customized products and industries, manufacturers are providing pigment formulations that are tailored to precise color matching, the compatibility enhances performance characteristics, which include compatibility with different substrates, and enhanced performance characteristics.
Growth Opportunities
Expansion in Emerging Economies
The worldwide spectrum of the natural pigments market covers a lot of prospects in developing countries because of their massive industrialization, urbanization, and infrastructure development. Gaining customers' interest in using phthalates in such sectors as paints & coatings and printing inks in the Asia-Pacific countries and Latin America will be the main basis for its market growth. The manufacturing companies will make use of the plentiful growth opportunities by entering into partnerships with others, enlarging the distribution network, and building manufacturing facilities to look after the increasing demand in these regions.
Innovation in Sustainable Solutions
Public awareness about environmental sustainability is growing and this is a reason for the increased demand for eco-friendly and sustainable pigments. The manifold of these growth opportunities can be tapped into by manufacturers through researching innovations in sustainable pigment formulations using resources and incorporating practices such as recycling or waste reduction in the manufacturing processes of pigments. As eco-conscious behavior increases, companies ready with environmentally safe pigment options for compliance with the latest ecological regulations will be the ones to reap the benefits of this growing number of like-minded market landscapes.
Restraints
Environmental Concerns
One massive restraint in the global organic pigment market is the developing environmental issues related to pigment production processes and waste disposal. The manufacturing of organic pigments may additionally involve the usage of chemical substances and solvents, leading to environmental pollution and health hazards. Additionally, the disposal of unused or waste pigments can pose challenges in phrases of proper waste control and recycling. Regulatory pressures and increasing customer cognizance concerning environmental sustainability are prompting manufacturers to adopt cleaner production technologies and implement waste reduction measures, but those efforts may additionally entail additional costs and challenges, thereby restraining market growth.
Research Scope and Analysis
By Source
Within the organic pigments market, Natural Pigments turn out to be the leading source inside the organic pigment market in 2024. Natural pigments maintain sway over this phase due to their inherent appeal and growing demand for eco-friendly and sustainable alternatives. Derived from various natural sources of plants, minerals, and insects, natural pigments offer specific colorations and textures that resonate with customers in search of environmentally friendly options. The increasing recognition concerning the environmental effect of synthetic pigments has fueled the demand for herbal alternatives, driving their dominance in the market.
Moreover, natural pigments often boast non-toxic and biodegradable properties, making them highly suitable for applications in industries consisting of cosmetics, food, and textiles wherein safety and sustainability are primary concerns. Additionally, the allure of natural pigments lies in their capacity to create true and earthy shade palettes, appealing to clients' developing preferences for organic and artisanal products.
By Type
Azo Pigments are projected to dominate the type segment in this market with 24.1% of market share in 2024. Azo pigments maintain a prominent role in the market because of their versatility, extensive color variety, and overall performance characteristics. These pigments are considerably utilized throughout numerous industries, consisting of paints and coatings, printing inks, plastics, textiles, and more.
Azo pigments provide vibrant and stable colors, making them ideal for applications where color, consistency, and durability are paramount. Their advanced lightfastness and resistance to chemical substances and weathering similarly improve their appeal across different end-user sectors.
Moreover, ongoing improvements in Azo pigment technology continue to expand their application and market reach. Manufacturers are developing new formulations with improved properties, which include improved transparency, higher tinting energy, and more enhanced dispensability, catering to the evolving needs of diverse industries.
Additionally, the value-effectiveness of Azo pigments compared to different natural pigment types contributes to their tremendous adoption and dominance in the marketplace. Overall, Azo pigments stand as the cornerstone of the organic pigments market, driving growth and innovation via their unmatched versatility and performance throughout various applications and industries.
By Technology
High-performance pigments (HPPs) are projected to assert their dominance as the main category among numerous pigment technologies. HPPs represent a current class of pigments prominent by their exceptional properties and performance traits, making them noticeably popular across numerous industries and applications. High-performance pigments provide advanced color intensity, better lightfastness, exquisite weather resistance, and extended sturdiness in comparison to standard organic pigments. These attributes make HPPs especially well-suited for demanding applications in automotive coatings, aerospace finishes, and architectural paints.
Furthermore, the growing emphasis on sustainability and environmental regulations has propelled the demand for HPPs, as they frequently boast lower levels of volatile organic compounds (VOCs) and are formulated to meet stringent regulatory necessities. Moreover, ongoing improvements in pigment synthesis and components technologies continue to drive innovation within the HPP segment, enabling producers to develop pigments with even better performance levels and expanded application possibilities.
Overall, High-Performance Pigments stand at the leading figure of the organic pigments market, providing unparalleled performance and flexibility throughout a wide range of industries and applications, and driving continued growth and innovation within the pigment industry.
By Application
Paints and coatings are expected to be the dominant section in the application segment, commanding 32.2% of the market share in 2024. This is primarily due to the inclusion of a significant portion of natural pigments into the paints and surface coating formulations in different industries such as construction, automotive, and commercial. Vivid tints, unusual pigment strength, and great resistance are some of the properties that make organic pigments indispensable for architectural paints, automotive coatings, and industrial finishes.
In addition, the growing desire for environment-friendly and sustainable coating has provoked the use of organic paint, as it is generally considered as being environmental-friendly when compared to synthetic paints. In addition to this, the latest innovations in polymer chemistry and the emergence of new pigment compositions (organic pigments) for paints and coating formulation contribute to the expansion of this segment. OEMs make organic pigments that show properties with higher performance levels - extended durability, improved UV and chemical resistance, and better compatibility with varnishes of different systems. Overall, the paints and coatings section of the organic pigments market is poised for continued growth, pushed through increasing demand from end-user industries and ongoing technological improvements in pigment formulations.
The Organic Pigments Market Report is segmented on the basis of the following
By Source
- Natural Pigments
- Synthetic Pigments
By Type
- Azo Pigments
- Phthalocyanine Pigments
- Quinacridone Pigments
- Dioxazine Pigments
- Perylene Pigments
- Anthraquinone
- Others
By Technology
- High-Performance Pigments
- Solvent-Based Pigments
- Water-Based Pigments
By Application
- Paints & Coatings
- Printing Inks
- Plastics & Rubber
- Textile
- Personal Care Products
- Others
Regional Analysis
North America is projected to dominate the global organic pigment market
with 34.1% of market share in 2024. North America asserts its dominance in the global organic pigments market because of many factors that contribute to its competitive gain. Firstly, the region boasts a sturdy business infrastructure and an especially developed marketplace for numerous end-user industries, along with plastics, coatings, inks, and textiles, which are principal customers of natural pigments. This strong commercial base offers a fertile floor for the production and consumption of organic pigments, driving market growth.
Additionally, North America is home to several key players within the organic pigments enterprise, including manufacturers, vendors, and research establishments. These agencies benefit from their access to advanced technology, skilled hard work, and extensive market networks, permitting them to innovate and supply high-quality products to satisfy the various needs of customers worldwide.
Furthermore, favorable regulatory frameworks and requirements in North America ensure product quality and safety, fostering trust amongst consumers and organizations alike. These regulatory surroundings encourage investments and promote marketplace stability, in addition to bolstering the region’s dominance inside the global organic pigments market.
Moreover, strategic alliances and collaborations between industry stakeholders, which include producers, providers, and end-users, make contributions to the area's management role. These partnerships facilitate knowledge sharing, technology transfer, and market growth projects, driving innovation and competitiveness within the organic pigments market. Overall, North America's dominance in the global organic pigments market can be attributed to its strong commercial base, technological prowess, favorable regulatory surroundings, and collaborative ecosystem.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The competitive landscape of the global organic pigments market is characterized by a dynamic interplay between established industry giants. New entrants are injecting fresh energy into the market, pushed by the promise of enormous growth possibilities. Collaborations among start-ups and key players have become increasingly common, fueling the improvement of advanced organic pigments with improved functionalities.
Among the emerging start-ups, AURESSENS sticks out with its innovative method of metal-free organic compounds. Since its inception in 2021, the corporation has been providing solutions for technological and decorative applications, imparting options to conventional metal-based pigments. Their formulations, capable of self-organizing into coatings or pigmentary substances with metallic appearances, represent a tremendous leap forward within the industry.
Vercolos Pigments, founded by industry veteran Marc Vanover, has quick established itself as a key participant within the market. With a focus on uploading, stocking, and dispensing pigments to diverse industries, such as plastics, coatings, and inks, the start-up has secured a unique distribution agreement for Vipul Organics pigments and pigment preparations in North America. This strategic move positions Vercolos Pigments as a powerful contender in the market.
In other words, established industry players are leveraging their experience and assets to drive innovation and keep their competitive edge. By introducing new products and increasing their services, these industry giants are adapting to the evolving needs of the end-user industries even as reinforcing their global presence. Quality control, innovation, and diversification are paramount for these players, who are pursuing mergers, acquisitions, and organic growth techniques to solidify their positions within the global marketplace.
Some of the prominent players in the Global Organic Pigments Market are
- BASF
- Clariant
- DIC Corporation
- Heubach GmbH
- Sudarshan Chemical Industries Ltd.
- Ferro Corporation
- Trust Chem Co. Ltd
- DCL Corporation
- Toyocolor Co. Ltd.
- Other Key Players
Recent Developments
- In April 2024, Pigment secured USD 145.0 million in Series D funding led by ICONIQ Growth, following a successful year with tripled revenue, global expansion, and onboarding of major enterprise clients. Funds to boost North American support and product development.
- In July 2023, Nature Coatings secured USD 2.45 million in Seed funding led by The 22 Fund and Regeneration.VC, with support from Leonardo DiCaprio, Safer Made, and Portfolia. The funds are aimed to accelerate the growth of bio-based solutions, including flagship product BioBlack TX.
- In June 2022, DIC Corporation and Sun Chemical completed the purchase of BASF’s renowned pigments business, known as BASF Colors & Effects (BCE). This acquisition is poised to expand Sun Chemical’s pigment portfolio significantly. It encompasses diverse sectors such as cosmetics, electronic displays, inks, coatings, plastics, and specialized applications, thereby providing a wider array of adaptable solutions.
- In April 2022, the Heubach Group unveiled its newest product lineup and cutting-edge solutions during the American Coatings Show held in Indianapolis. At ACS 2022, the company is set to showcase its latest advancements in inorganic and organic pigments, anti-corrosive pigments, dyes, pigment dispersions, and specialty materials.
- In January 2022, Heubach Group and SK Capital Partners teamed up to purchase Clariant's Pigments division. The disclosed baseline enterprise value of the transaction at the time of signing stood at USD 878.45 million, with provisions for closing account adjustments and a potential earn-out payment of USD 54.5 million.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 6.7 Bn |
| Forecast Value (2033) |
USD 10.1 Bn |
| CAGR (2024-2033) |
4.7% |
| Historical Data |
2018 – 2023 |
| Forecast Data |
2024 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Source (Natural Pigments, and Synthetic Pigments), By Type (Azo Pigments, Phthalocyanine Pigments, Quinacridone Pigments, Dioxazine Pigments, Perylene Pigments, Anthraquinone, and Others), By Technology (High-Performance Pigments, Solvent-Based Pigments, and Water-Based Pigments), By Application (Paints & Coatings, Printing Inks, Plastics & Rubber, Textile, Personal Care Products, and Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
BASF, Clariant, DIC Corporation, Heubach GmbH, Sudarshan Chemical Industries Ltd., Ferro Corporation, Trust Chem Co. Ltd, DCL Corporation, Toyocolor Co. Ltd., and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Organic Pigments Market size is estimated to have a value of USD 6.7 billion in 2024 and is expected to reach USD 10.1 billion by the end of 2033.
North America is expected to be the largest market share for the Global Organic Pigments Market with a share of about 34.1% in 2024.
Some of the major key players in the Global Organic Pigments Market are BASF, Clariant, DIC Corporation, Heubach GmbH, and many others.
The market is growing at a CAGR of 4.7 percent over the forecasted period.