Organic Pigments Market by Type (Azo Pigments, Phthalocyanine Pigments, HPPs), Application (Printing Inks, Paints & Coatings, Plastics), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2023
[102 Pages Report] MarketsandMarkets forecasts the organic pigments market to grow from USD 3.55 billion in 2017, and projected to reach USD 4.67 billion by 2023, registering a CAGR of 4.8% from 2018 to 2023. The high demand for organic pigments is due to the changing consumer preference for plastic packaged products. The objective of the report is to define, describe, and forecast the organic pigments market size based on type, application, and region.
Source: Investor Presentation, Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
By application, paints & coatings segment is the fastest growing for organic pigments market
The organic pigments market in the paints & coatings application is projected to witness the highest growth due to the increasing demand for decorative coatings, marine coatings, automotive coatings, and industrial coatings. Automotive coating is the largest consumer of organic pigments, followed by industrial and decorative coatings. However, the use of organic pigments in decorative coatings is estimated to witness the highest growth rate in the construction industry, especially, in the developed and developing nations.
By type, HPPs segment projected to register highest CAGR from 2018 to 2023
The HPPs segment is expected to register the fastest-growth in the overall organic pigments market. This high growth is attributed to their superior properties such as lightfastness, heat stability, and resistance to various chemicals, which make them suitable for high-performance applications.
Based on region, the organic pigments market has been segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The organic pigments market in Asia Pacific is projected to be the largest and fastest-growing, owing to the growing demand from packaging, automotive, and construction industries in the region. Increasing demand for printing inks, paints & coatings, and plastics are driving the market for organic pigments in the region.
Marke Dynamics
Driver: Growing importance of aesthetics in packaging
The growing competition in the business environment worldwide has triggered the need for marketing and branding to succeed. Packaging plays a very important role in establishing brand value to customers. The importance of aesthetics in packaging has grown due to the need for product differentiation arising from high competition. Product packaging contains logos, which get highlighted by the use of organic pigments. Colors make packaging of products attractive and help in attracting customers. Thus, the importance of product appeal and aesthetics is increasing and is driving the use of organic pigments in packaging applications. Organic pigments in the form of color concentrates and masterbatches provide a variety of color shades, and customized colors can also be manufactured according to customer requirements. Continuous innovations in the organic pigments market are expected to be driven by the increasing need for enhanced aesthetics in the packaging of a product for better marketing.
Restraint: Higher cost of organic pigments than that of inorganic pigments
Organic pigments are more expensive than inorganic pigments, which is a major restraint for the market. The market is witnessing a high growth rate; however, the market size is quite smaller than that of the inorganic pigments. The inorganic pigment producers experience economies of scale for their production process, while the organic pigments are produced in small quantities. Hence, the production cost is higher, which increases the price for the final product. Organic pigments are, approximately one and a half times costlier than inorganic pigments, which limits its market in the paints & coatings and other applications that are not subject to strict regulations.
Opportunity: Increasing demand for high performance pigments
The use of HPPs is increasing as they have higher lightfastness, fastness to chemical exposure, weather fastness and heat stability than conventional pigments. They also possess high color fastness and insolubility. These superior properties make organic pigments suitable for applications, including automotive and decorative coatings, which require excellent light and weather fastness. HPPs also offer other performance characteristics for colorants such as luminescence, fluorescence, and thermochromatic and photochromatic properties. These high-performance characteristics enhance the demand for HPPs in applications, such as coatings, plastics, inks, cosmetics, and textile. The development of organic HPPs for specific applications is an opportunity for the organic pigments market growth.
Challenge: Increasing production cost due to strict environmental regulations
Organic pigments and their intermediate manufacturers are mainly present in China and India due to the availability of low-cost raw materials and labor. The quality of the organic pigments used in food contact materials is mainly dependent on the quality of raw materials and the manufacturing process. In the recent times, regulations related to the discharging of processed water and removing of impurity content in its intermediates have been made stricter in China. Any change in the chemistry of the intermediates changes the rheology, shade, and gloss of the pigment, affecting the quality of the final products such as inks, paints, and coatings. Companies with exceptional R&D capabilities and high revenue can implement the necessary changes in their manufacturing formulation and technology to provide quality products. In addition, the water, which is being used in the manufacturing of pigments, has to be treated before being discharged. This treatment needs membranes for meeting the discharged water quality norms. Adopting the membrane technology will increase the production cost, which is expected to affect the prices of end-products. Environmental restrictions regarding air and water pollution in China have forced many small-scale players to shut down their operations in 2017. These strict environmental regulations are already in effect in the US and the European countries and are expected to be in effect in India. These are the major challenges faced by the organic pigments manufacturers.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20162023 |
|
Base year considered |
2017 |
|
Forecast period |
20182022 |
|
Forecast units |
Million (USD) and Kilotons |
|
Segments covered |
By Type (Azo Pigments, Phthalocyanine Pigments, High Performance Pigments,and Others), Application (Printing Inks, Paints & Coatings, Plastics, and Others), and Region |
|
Geographies covered |
North America, Europe, APAC, Middle East 7 Africa, and South America |
|
Companies covered |
BASF SE (Germany), Clariant AG (Switzerland), DIC Corporation (Japan), Heubach GmbH (Germany), Sudarshan Chemical Industries Ltd. (India), Ferro Corporation (US), Trust Chem Co. Ltd. (China), Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan), Dominion Colour Corporation (Canada), and Toyocolor Co. Ltd. (Japan) |
The research report categorizes the organic pigments to forecast the revenues and analyze the trends in each of the following sub-segments:
Organic Pigments Market, by Type:
- Azo Pigments
- Phthalocyanine Pigments
- HPPs
- Others (Other types include polycyclic pigments, anthraquinone pigments, triarylcarbonium pigments, and quinophthalone pigments)
Organic Pigments Market, by Application:
- Printing Inks
- Paints & Coatings
- Plastics
- Others (Other applications include rubber, textiles, and cosmetics)
Organic Pigments Market, by Region:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Key Market Players
BASF SE (Germany), Clariant AG (Switzerland), DIC Corporation (Japan), Heubach GmbH (Germany), Sudarshan Chemical Industries Ltd. (India), Ferro Corporation (US), Trust Chem Co. Ltd. (China), Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan), Dominion Colour Corporation (Canada), and Toyocolor Co. Ltd. (Japan)
BASF SE (Germany), Clariant AG (Switzerland), DIC Corporation (Japan), Heubach GmbH (Germany), and Sudarshan Chemical Industries Ltd. (India), are among the key players who are adopting several organic and inorganic growth strategies to strengthen their foothold in organic pigments markets. These companies expanded their production facilities and acquired other businesses during between 2012 and 2016.
Recent Developments
- In May 2018, Clariant, launched two new organic pigments, namely, Ink Jet Magenta E-S VP6057 and Ink Jet Orange GR VP6102 for the inkjet application. This development will enable the company to strengthen its product portfolio.
- In February 2018, Heubach expanded its new production plant in Pennsylvania (US). The company has planned to produce anti-corrosive pigments at its new plant with annual production capacity of 4,000 tons.
- In December 2015, BASF expanded its organic pigments production capacities in China and Germany. In China, the company expanded its production capacity for high-performance diketopyrrolopyrrole pigments while in Germany, it expanded the versatile alpha blue pigments production capacity.
- In December 2015, Sudarshan Chemical Industries Ltd announced to incorporate a wholly owned subsidiary (WOS) in China. This WOS will serve the companys key customers in China.
Critical questions the report answers:
- Where will all these developments take the industry in the long term?
- What are the upcoming trends for the organic pigments market?
- Which segment provides the most opportunity for growth?
- Who are the leading vendors operating in this market?
- What are the opportunities for new market entrants?
New Product Launch, 20152018
|
Date |
Company |
Description |
|
May 2018 |
Clariant AG |
Clariant launched two new organic pigments, namely, Ink Jet Magenta E-S VP6057 and Ink Jet Orange GR VP6102 for the inkjet application. This development will enable the company to strengthen its product portfolio. |
|
October 2017 |
DIC Corporation |
The company introduced an azo-based yellow HPP for the architectural coating application under the brand name Sunbrite Yellow 74. This development has strengthened the companys product portfolio. |
Investment & Expansion, 20152018
|
Date |
Company |
Description |
|
February 2018 |
Heubach GmbH |
The company commissioned its new production plant in Pennsylvania (US). The company has planned to produce anti-corrosive pigments at its new plant with annual production capacity of 4,000 tons. This development will strengthen the companys position in the market. |
|
December 2015 |
BASF SE |
BASF expanded its organic pigments production capacities in China and Germany. In China, the company expanded its production capacity for high-performance diketopyrrolopyrrole pigments while in Germany, it expanded the versatile alpha blue pigments production capacity. This development enabled the company to strengthen its position in the organic pigments market. |
Agreement & Partnership, 20152018
|
Date |
Company |
Description |
|
February 2017 |
Clariant AG and Lintech International LLC |
The company expanded its partnership with Lintech International LLC (US) for distribution of its products in North America. This development strengthened the companys market share in North America. |
Merger & Acquisition, 20152018
|
Date |
Company |
Description |
|
April 2018 |
Dominion Color Corporation and LANSO Colors |
The company merged with LANSO Colors (US) to provide better solutions and wide broad portfolio for pigment end users. This development will enable the company to increase its customer base. |
|
October 2017 |
Ferro Corporation and Cappelle Pigments |
Ferro Corporation acquired Cappelle Pigments (Belgium), which is one of the leading manufacturers of high-performance specialty organic and inorganic pigments. This development will enable the company to increase its pigments business by approximately 30.0%. |
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 28)
4.1 Attractive Opportunities in the Organic Pigments Market
4.2 Organic Pigments Market, By Application
4.3 APAC Organic Pigments Market, By Application and Country
4.4 Organic Pigments Market, By Type
4.5 Organic Pigments Market, By Region
5 Market Overview (Page No. - 31)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Importance of Aesthetics in Packaging
5.2.1.2 Stringent Regulations for the Use of Printing Inks in Food Contact Materials
5.2.2 Restraints
5.2.2.1 Higher Cost of Organic Pigments Than That of Inorganic Pigments
5.2.3 Opportunities
5.2.3.1 Increasing Demand for High Performance Pigments
5.2.4 Challenges
5.2.4.1 Increasing Production Cost Due to Strict Environmental Regulations
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 Trends in Plastic Industry
6 Organic Pigments Market, By Type (Page No. - 38)
6.1 Introduction
6.2 AZO Pigments
6.3 Phthalocyanine Pigments
6.4 High Performance Pigments
6.5 Others
7 Organic Pigments Market, By Application (Page No. - 42)
7.1 Introduction
7.2 Printing Inks
7.3 Paints & Coatings
7.4 Plastics
7.5 Others
8 Organic Pigments Market, By Region (Page No. - 45)
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 Italy
8.3.4 Spain
8.3.5 UK
8.3.6 Rest of Europe
8.4 APAC
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 South Korea
8.4.5 Indonesia
8.4.6 Rest of APAC
8.5 Middle East & Africa
8.5.1 Turkey
8.5.2 Iran
8.5.3 Rest of the Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Rest of South America
9 Competitive Landscape (Page No. - 75)
9.1 Overview
9.2 Market Ranking
9.3 Competitive Scenario
9.3.1 New Product Launch, 20152018
9.3.2 Investment & Expansion, 20152018
9.3.3 Agreement & Partnership, 20152018
9.3.4 Merger & Acquisition, 20152018
10 Company Profiles (Page No. - 79)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 BASF SE
10.2 Clariant AG
10.3 DIC Corporation
10.4 Heubach GmbH
10.5 Sudarshan Chemical Industries Ltd.
10.6 Ferro Corporation
10.7 Trust Chem Co. Ltd.
10.8 Dainichiseika Color & Chemicals Mfg. Co., Ltd.
10.9 Dominion Colour Corporation
10.10 Toyocolor Co. Ltd.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
10.11 Other Companies
10.11.1 Gharda Chemicals Ltd.
10.11.2 Atul Chemical Ltd.
10.11.3 Cathay Industries
10.11.4 Apollo Colors Inc.
11 Appendix (Page No. - 95)
11.1 Insights From Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets Subscription Portal
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details
List of Tables (69 Tables)
Table 1 Plastic Industry Demand, By Country, 20142018 (Kiloton)
Table 2 Organic Pigments Market Size, By Type, 20162023 (USD Million)
Table 3 Organic Pigments Market Size, By Type, 20162023 (Kiloton)
Table 4 Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 5 Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 6 Organic Pigments Market Size, By Region, 20162023 (USD Million)
Table 7 Organic Pigments Market Size, By Region, 20162023 (Kiloton)
Table 8 North America: Organic Pigments Market Size, By Country, 20162023 (USD Million)
Table 9 North America: Organic Pigments Market Size, By Country, 20162023 (Kiloton)
Table 10 North America: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 11 North America: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 12 US: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 13 US: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 14 Canada: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 15 Canada: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 16 Mexico: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 17 Mexico: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 18 Europe: Organic Pigments Market Size, By Country, 20162023 (USD Million)
Table 19 Europe: Organic Pigments Market Size, By Country, 20162023 (Kiloton)
Table 20 Europe: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 21 Europe: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 22 Germany: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 23 Germany: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 24 France: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 25 France: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 26 Italy: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 27 Italy: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 28 Spain: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 29 Spain: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 30 UK: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 31 UK: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 32 Rest of Europe: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 33 Rest of Europe: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 34 APAC: Organic Pigments Market Size, By Country, 20162023 (USD Million)
Table 35 APAC: Organic Pigments Market Size, By Country, 20162023 (Kiloton)
Table 36 APAC: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 37 APAC: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 38 China: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 39 China: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 40 Japan: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 41 Japan: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 42 India: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 43 India: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 44 South Korea: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 45 South Korea: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 46 Indonesia: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 47 Indonesia: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 48 Rest of APAC: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 49 Rest of APAC: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 50 Middle East & Africa: Organic Pigments Market Size, By Country, 20162023 (USD Million)
Table 51 Middle East & Africa: Organic Pigments Market Size, By Country, 20162023 (Kiloton)
Table 52 Middle East & Africa: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 53 Middle East & Africa: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 54 Turkey: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 55 Turkey: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 56 Iran: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 57 Iran: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 58 Rest of Middle East & Africa: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 59 Rest of Middle East & Africa: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 60 South America: Organic Pigments Market Size, By Country, 20162023 (USD Million)
Table 61 South America: Organic Pigments Market Size, By Country, 20162023 (Kiloton)
Table 62 South America: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 63 South America: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 64 Brazil: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 65 Brazil: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 66 Argentina: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 67 Argentina: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
Table 68 Rest of South America: Organic Pigments Market Size, By Application, 20162023 (USD Million)
Table 69 Rest of South America: Organic Pigments Market Size, By Application, 20162023 (Kiloton)
List of Figures (28 Figures)
Figure 1 Organic Pigments Market Segmentation
Figure 2 Organic Pigments Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Organic Pigments Market: Data Triangulation
Figure 6 AZO Pigments Segment to Lead the Organic Pigments Market
Figure 7 Printing Inks Segment to Lead the Organic Pigments Market
Figure 8 APAC Led the Organic Pigments Market in 2017
Figure 9 Emerging Economies to Offer Lucrative Growth Opportunities for Market Players
Figure 10 Paints & Coatings to Be the Fastest-Growing Application of Organic Pigments
Figure 11 Printing Inks to Be the Largest Application of Organic Pigments
Figure 12 AZO Pigments Segment to Account for the Largest Market Share
Figure 13 APAC Accounted for the Largest Share in 2017
Figure 14 Overview of Factors Governing the Organic Pigments Market
Figure 15 Organic Pigments Market: Porters Five Forces Analysis
Figure 16 AZO Pigments Segment to Dominate the Organic Pigments Market
Figure 17 Printing Inks Application to Lead the Organic Pigments Market
Figure 18 India to Register the Fastest Growth in the Organic Pigments Market
Figure 19 North America: Organic Pigments Market Snapshot
Figure 20 APAC: Organic Pigments Market Snapshot
Figure 21 Companies Adopted New Product Launch as the Key Growth Strategy
Figure 22 Market Ranking of Key Players, 2017
Figure 23 BASF SE: Company Snapshot
Figure 24 Clariant AG: Company Snapshot
Figure 25 DIC Corporation: Company Snapshot
Figure 26 Sudarshan Chemical Industries Ltd.: Company Snapshot
Figure 27 Feero Corporation: Company Snapshot
Figure 28 Dainichiseika Color & Chemicals Mfg. Co., Ltd.: Company Snapshot
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