Organic pigments Market

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Organic pigments Market by Source (Synthetic and Natural), Type (Azo, Phthalocyanine, High-Performance Pigments(HPPs)), Application (Printing inks, Paints & Coatings, Plastics), and Region - Global Forecast to 2029

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Report Code: CH 1530 Apr, 2024, by marketsandmarkets.com

The organic pigments market is projected to grow from USD 4.4 billion in 2024 to USD 6.0 billion by 2029, at a CAGR of 6.5%. The global organic pigments market was down by around 16.7% from 2022 due to the weak demand in the Western Market. The Western market was challenged by the rise in inflation, volatility in commodity prices, and disruption in the supply chain, resulting in recessionary trends and thereby hampering the demand for organic pigments.

However, It is expected to witness moderate growth during the forecast period, owing to the increasing demand for paints & coatings, printing inks, and plastics applications. Most of the demand is for high-performance pigments (HPPs). The major applications of organic pigments are printing inks, paints & coatings, plastics and other applications.

Attractive Opportunities in Organic Pigments Market Trends

Organic Pigments Market Trends

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Organic Pigments Market Trends

Organic Pigments Market Dynamics

Driver: High demand for enhanced aesthetics in various applications areas

The growing competition in the printing ink sector is pushing companies to offer better shades and vivid colors to printed text. The demand for different printing finishes has risen due to the increasing competition among brands and their need to place their product distinctly. 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 market are expected to be driven by the increasing need for enhanced aesthetics in printing inks for better marketing.

Restraint: Higher cost of organic pigments

Organic pigments are more expensive than inorganic pigments, which is a major restraint for the market. Usually, pigments constitute upwards of 50% of the total cost of the final products. These are limited to paints, inks, and coatings applications. The market is witnessing a normal growth rate; however, the size is smaller than that of the inorganic pigments. Inorganic pigment producers experience economies of scale in their production processes, while organic pigments are produced in small quantities. Hence, the production cost for organic pigments is higher, increasing the final product's price.

Opportunity: Growing demand for color filters

The color filter is a major liquid crystal display component, directly determining the picture quality. The increasing demand for notebooks/PCs, mobiles, and televisions drives the market quickly. The color filters used in these display devices employ colored pigments (organic), UV-curable carrier resins, photoinitiators, organic solvents, and dispersants. Organic pigments are used in these filters for specific primary color (RGB), spectral hue, vividness, and durability. This has drastically reduced the power consumption of display devices, thereby helping grow organic pigments in the display market. The following table analyses the growth in demand for electronics that use LCD/LED displays. This increase in demand for LCD/LEDs is expected to boost the demand for organic pigments in the color filter application.

Challenge: Increasing environmental regulations and lower supply

Asia Pacific is the major hub of raw materials and intermediaries for organic pigments. China and India are the major producers due to the lower raw materials and labor costs. Pigment quality is determined by the manufacturing process and raw materials' quality. With the increasing restrictions in China, India, and other countries worldwide, many producers are forced to refine their products and optimize their manufacturing processes to reduce pollution. These pigments are mainly used in the food, cosmetics, and coating & paints industries. As these end users continuously demand changes in chemistry as per changing regulations, the smaller players lack the competitive edge. Only players with exceptional R&D teams and financial means can survive in the market. The prominent and exceptional players immediately imply the required changes and cope with the recent trends and requirements in the market.

Ecosystem: Organic Pigments Market

Organic Pigments Market Trends Ecosystem

Based on the source, natural source segment is estimated to be the fastest-growing source during the forecast period in terms of value.

Natural pigments use materials occurring naturally in the environment. These pigments were mostly extracted from various parts of plants to provide different shades. Flowers were the most used parts, along with peels, pulps, and seeds. Natural pigments also used animal by-products, such as blood and microbial products, as raw materials. Nowadays, bio-based chemical compounds such as ethanol are used to manufacture pigments. These pigments are very sensitive and require special care in preserving and storing.

Based on the type, High-performance pigments (HPPs) segment is estimated to be the fastest-growing type during the forecast period, in terms of value.

HPPs have excellent lightfastness and heat stability; they are resistant to various chemicals, which makes them suitable for applications requiring high performance. Different types of organic HPPs are benzimidazolones, quinacridone, perylene, dioxazine violet, isoindolinones and isoindolines, disazo condensations, phthalocyanines, and diketo-pyrrolo-pyrroles. Due to their superior properties, HPPs are widely accepted in the printing ink, coatings, and paints industries.

Based on application, the paints & coatings application segment is anticipated to register the highest CAGR in organic pigments market.

The paints & coatings application is expected to be the fastest-growing segment of the market during the forecast period. Organic pigments are preferred for these applications as they offer a higher gloss and color finish. They are mostly non-toxic and compatible for use in contact with food items, further expanding their application range. Organic pigments are used in various coating applications owing to their high-performance characteristics, which impart qualities such as good weather fastness, good light fastness, low migration, and solvent & bleeding fastness to the end products. Organic pigments are widely used in decorative coatings, marine coatings, automotive coatings, and industrial coatings.

Europe to be the second-largest market for Organic Pigments during the forecast period, in terms of value.

Europe is the second-largest organic pigments market globally. The major industries in the region include automotive, building & construction, and packaging. These industries consume plastics in large volumes, which is increasing the consumption of organic pigments. The demand for organic pigments is high in the paints & coatings application in the building & construction and automotive industries. Germany is the key organic pigments market in Europe, which has a high growth potential due to the increasing use of these pigments in the automotive industry for paints & coatings applications.

Organic Pigments Market Trends by Region

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Key Market Players

The organic Pigments market is dominated by a few globally established players, DIC Corporation (Japan), Heubach GmbH (Germany), Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan), Lily Group Co. Ltd. (China), Sunlour Pigment Co., Ltd. (China), Anshan Hifichem Co., Ltd. (China), and Meghmani Organics Ltd. (India), among others, are the main producers in the global market.

These companies are attempting to establish themselves in the organic pigments market by employing a range of inorganic and organic approaches. A thorough competitive analysis of these major organic pigments market participants is included in the research, along with information on their company profiles, most recent advancements, and important market strategies.

Read More: Organic Pigments Companies

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Scope of the Report

Report Metric

Details

Market size available for years

2020–2029

Base year considered

2023

Forecast period

2024–2029

Units considered

Value (USD Million), Volume (Kiloton)

Segments Covered

Source, Type, Application and Region

Geographies covered

Europe, North America, Asia Pacific, South America, Middle East, and Africa

Companies covered

DIC Corporation (Japan), Heubach GmbH (Germany), and Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan), Lily Group Co. Ltd. (China), Sunlour Pigment Co., Ltd. (China), Anshan Hifichem Co., Ltd. (China), Longkou Union Chemical Co., Ltd. (China), Meghmani Organics Ltd. (India), Asahi Songwon Colors Ltd. (India), and Sudarshan Chemical Industries Limited (India).

The study categorizes the organic pigments market based on Type, Source, Application, and Region.

By Source of organic pigments:
  • Synthetic
  • Natural
By Type:
  • Azo Pigments
  • Phthalocyanine Pigments
  • HPPs
  • Other Types
By Application:
  • Printing inks
  • Paints & coatings
  • Plastics
  • Other Applications
By Region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In December 2022, Sudarshan Chemical Industries Limited introduced two pigments under their organic pigments portfolio. These products have applications in plastics and coating applications.
  • In July 2022, DIC Corporation announced a second-phase agreement with Debut Biotechnology, Inc. to create natural red pigments for nutrition, food, and cosmetic applications.
  • In January 2022, Heubach completed the acquisition of Clariant’s global pigment business. This acquisition allows the company to expand and improve its pigments business and more future growth opportunities.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 36)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 STUDY SCOPE 
          FIGURE 1 ORGANIC PIGMENTS: MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 41)
    2.1 RESEARCH DATA 
          FIGURE 2 ORGANIC PIGMENTS MARKET: RESEARCH DESIGN
           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 primary participants
                    2.1.2.3 Breakdown of primary interviews
                    2.1.2.4 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 IMPACT OF RECESSION 
    2.4 BASE NUMBER CALCULATION 
           2.4.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
                    FIGURE 5 METHODOLOGY FOR “SUPPLY-SIDE” SIZING OF ORGANIC PIGMENTS MARKET
           2.4.2 APPROACH 2: DEMAND-SIDE ANALYSIS
                    FIGURE 6 METHODOLOGY FOR “DEMAND-SIDE” SIZING OF ORGANIC PIGMENTS MARKET
    2.5 MARKET FORECAST APPROACH 
           2.5.1 SUPPLY SIDE
           2.5.2 DEMAND SIDE
    2.6 DATA TRIANGULATION 
          FIGURE 7 ORGANIC PIGMENTS MARKET: DATA TRIANGULATION
    2.7 FACTOR ANALYSIS 
    2.8 RESEARCH ASSUMPTIONS 
    2.9 RESEARCH LIMITATIONS 
    2.10 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 51)
    FIGURE 8 HPPS TO REGISTER FASTEST GROWTH IN ORGANIC PIGMENTS MARKET DURING FORECAST PERIOD
    FIGURE 9 SYNTHETIC ORGANIC PIGMENTS DOMINATED MARKET IN 2023
    FIGURE 10 PAINTS & COATINGS APPLICATION TO LEAD ORGANIC PIGMENTS MARKET DURING 2024–2029
    FIGURE 11 ASIA PACIFIC LED ORGANIC PIGMENTS MARKET IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ORGANIC PIGMENTS MARKET 
          FIGURE 12 MODERATE GROWTH EXPECTED IN ORGANIC PIGMENTS MARKET DURING FORECAST PERIOD
    4.2 ORGANIC PIGMENTS MARKET, BY TYPE AND REGION 
          FIGURE 13 ASIA PACIFIC AND AZO PIGMENTS SEGMENT ACCOUNTED FOR LARGEST SHARES IN 2023
    4.3 ORGANIC PIGMENTS MARKET, BY SOURCE 
          FIGURE 14 SYNTHETIC ORGANIC PIGMENTS ACCOUNTED FOR LARGER SHARE IN 2023
    4.4 ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024 VS. 2029 
          FIGURE 15 PRINTING INKS TO DOMINATE ORGANIC PIGMENTS MARKET DURING FORECAST PERIOD
    4.5 ORGANIC PIGMENTS MARKET GROWTH, BY KEY COUNTRY 
          FIGURE 16 CHINA TO BE FASTEST-GROWING ORGANIC PIGMENTS MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTIONS 
    5.2 MARKET DYNAMICS 
          FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN ORGANIC PIGMENTS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Superior properties than inorganic pigments
                                TABLE 1 AUTOMOBILE PRODUCTION STATISTICS, BY COUNTRY (2023)
                                TABLE 2 AUTOMOBILE PRODUCTION STATISTICS, BY REGION (2020)
                    5.2.1.2 High demand for enhanced aesthetics
                                TABLE 3 GENERAL PROPERTIES OF ORGANIC AND INORGANIC PIGMENTS
                    5.2.1.3 Increasing restraints on food packaging applications
           5.2.2 RESTRAINTS
                    5.2.2.1 Increasing restrictions on raw materials
                                TABLE 4 RISK FACTORS RELATED TO INTERMEDIARIES OF ORGANIC PIGMENTS
                    5.2.2.2 Higher cost of organic pigments
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand from color filters
                                TABLE 5 INCREASE IN GLOBAL DEMAND FOR ELECTRONICS THAT UTILIZE LCD/LED DISPLAYS
                    5.2.3.2 Rising demand for HPPs
           5.2.4 CHALLENGES
                    5.2.4.1 Low supply
    5.3 PORTER'S FIVE FORCES ANALYSIS 
          FIGURE 18 ORGANIC PIGMENTS MARKET: PORTER'S 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
                    TABLE 6 ORGANIC PIGMENTS MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 ECOSYSTEM MAP 
          FIGURE 19 ECOSYSTEM MAP
          FIGURE 20 ORGANIC PIGMENTS MARKET: KEY STAKEHOLDERS IN ECOSYSTEM
    5.5 PRICING ANALYSIS 
           5.5.1 AVERAGE SELLING PRICE, BY APPLICATION (KEY PLAYERS)
                    FIGURE 21 AVERAGE SELLING PRICE FOR TOP 3 APPLICATIONS (USD/KG)
           5.5.2 AVERAGE SELLING PRICE, BY TYPE
                    FIGURE 22 AVERAGE SELLING PRICE BASED ON TYPE (USD/KG)
           5.5.3 AVERAGE SELLING PRICE, BY SOURCE
                    FIGURE 23 AVERAGE SELLING PRICE BASED ON SOURCE (USD/KG)
           5.5.4 AVERAGE SELLING PRICE, BY REGION
                    TABLE 7 AVERAGE SELLING PRICE OF ORGANIC PIGMENTS, BY REGION
    5.6 VALUE CHAIN ANALYSIS 
          FIGURE 24 VALUE CHAIN ANALYSIS
    5.7 TRADE ANALYSIS 
           5.7.1 EXPORT SCENARIO FOR HS CODE 320417
                    FIGURE 25 EXPORT OF SYNTHETIC ORGANIC PIGMENTS, BY KEY COUNTRY, 2019–2023 (USD THOUSAND)
           5.7.2 IMPORT SCENARIO FOR HS CODE 320417
                    FIGURE 26 IMPORT OF SYNTHETIC ORGANIC PIGMENTS, BY KEY COUNTRY, 2019–2023 (USD THOUSAND)
    5.8 TECHNOLOGY ANALYSIS 
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
           5.9.2 BUYING CRITERIA
                    FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 9 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.10 PATENT ANALYSIS 
           5.10.1 INTRODUCTION
           5.10.2 METHODOLOGY
           5.10.3 DOCUMENT TYPE
                     TABLE 10 GLOBAL PATENTS
                     FIGURE 29 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE
                     FIGURE 30 GLOBAL PATENT PUBLICATION TREND ANALYSIS: LAST 6 YEARS
           5.10.4 INSIGHTS
           5.10.5 LEGAL STATUS OF PATENTS
                     FIGURE 31 LEGAL STATUS OF PATENTS
           5.10.6 JURISDICTION ANALYSIS
                     FIGURE 32 GLOBAL JURISDICTION ANALYSIS
           5.10.7 TOP APPLICANTS' ANALYSIS
                     FIGURE 33 DAINIPPON INK & CHEMICALS HAS HIGHEST NUMBER OF PATENTS
           5.10.8 PATENTS BY DAINIPPON INK & CHEMICALS
           5.10.9 PATENTS BY MITSUBISHI CHEM CORP
                    5.10.10 PATENTS BY DIC CORPORATION
                    5.10.11 TOP 10 PATENT OWNERS IN LAST 10 YEARS
    5.11 REGULATORY LANDSCAPE 
           5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 13 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 14 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.11.2 STANDARDS IN ORGANIC PIGMENTS MARKET
                     TABLE 15 CURRENT STANDARD CODES FOR ORGANIC PIGMENTS
    5.12 KEY CONFERENCES AND EVENTS, 2024–2025 
           TABLE 16 KEY CONFERENCES AND EVENTS, 2024–2025
    5.13 CASE STUDY ANALYSIS 
           5.13.1 CASE STUDY 1: AGREEMENT STRATEGIES BY DIC CORPORATION TO CATER TO GROWING DEMAND FOR ORGANIC PIGMENTS
           5.13.2 CASE STUDY 2: BUSINESS EXPANSION BY LILY GROUP CO LTD.
    5.14 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 34 REVENUE SHIFT OF ORGANIC PIGMENTS MARKET
    5.15 ORGANIC PIGMENTS INVESTMENT LANDSCAPE 
           FIGURE 35 INVESTOR DEALS AND FUNDING IN GLOBAL ORGANIC PIGMENTS MARKET SOARED IN 2023
    5.16 COMPANY VALUATION 
           FIGURE 36 MOST VALUED ORGANIC PIGMENTS FIRMS IN 2023 (USD BILLION)
 
6 ORGANIC PIGMENTS MARKET, BY APPLICATION (Page No. - 84)
    6.1 INTRODUCTION 
          FIGURE 37 PAINTS & COATINGS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
          TABLE 17 ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)
          TABLE 18 MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
          TABLE 19 ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)
          TABLE 20 MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
    6.2 PRINTING INKS 
           6.2.1 WIDE USAGE IN FOOD PACKAGING TO DRIVE DEMAND
                    TABLE 21 ORGANIC PIGMENTS MARKET IN PRINTING INKS APPLICATION, BY REGION, 2020–2023 (KILOTON)
                    TABLE 22 MARKET IN PRINTING INKS APPLICATION, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 23 ORGANIC PIGMENTS MARKET IN PRINTING INKS APPLICATION, BY REGION, 2024–2029 (KILOTON)
                    TABLE 24 MARKET IN PRINTING INKS APPLICATION, BY REGION, 2024–2029 (USD MILLION)
    6.3 PAINTS & COATINGS 
           6.3.1 WIDE USAGE IN DECORATIVE COATINGS TO DRIVE DEMAND
                    FIGURE 38 ASIA PACIFIC TO LEAD ORGANIC PIGMENTS MARKET FOR PAINTS & COATINGS APPLICATION
                    TABLE 25 ORGANIC PIGMENTS MARKET IN PAINTS & COATINGS APPLICATION, BY REGION, 2020–2023 (KILOTON)
                    TABLE 26 MARKET IN PAINTS & COATINGS APPLICATION, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 27 ORGANIC PIGMENTS MARKET IN PAINTS & COATINGS APPLICATION, BY REGION, 2024–2029 (KILOTON)
                    TABLE 28 MARKET IN PAINTS & COATINGS APPLICATION, BY REGION, 2024–2029 (USD MILLION)
    6.4 PLASTICS 
           6.4.1 EASE OF PROCESSING TO DRIVE MARKET
                    TABLE 29 ORGANIC PIGMENTS MARKET IN PLASTICS APPLICATION, BY REGION, 2020–2023 (KILOTON)
                    TABLE 30 MARKET IN PLASTICS APPLICATION, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 31 ORGANIC PIGMENTS MARKET IN PLASTICS APPLICATION, BY REGION, 2024–2029 (KILOTON)
                    TABLE 32 MARKET IN PLASTICS APPLICATION, BY REGION, 2024–2029 (USD MILLION)
    6.5 OTHER APPLICATIONS 
          TABLE 33 ORGANIC PIGMENTS MARKET IN OTHER APPLICATIONS, BY REGION, 2020–2023 (KILOTON)
          TABLE 34 MARKET IN OTHER APPLICATIONS, BY REGION, 2020–2023 (USD MILLION)
          TABLE 35 ORGANIC PIGMENTS MARKET IN OTHER APPLICATIONS, BY REGION, 2024–2029 (KILOTON)
          TABLE 36 MARKET IN OTHER APPLICATIONS, BY REGION, 2024–2029 (USD MILLION)
 
7 ORGANIC PIGMENTS MARKET, BY SOURCE (Page No. - 95)
    7.1 INTRODUCTION 
          FIGURE 39 SYNTHETIC SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
          TABLE 37 MARKET, BY SOURCE, 2020–2023 (KILOTON)
          TABLE 38 MARKET, BY SOURCE, 2020–2023 (USD MILLION)
          TABLE 39 MARKET, BY SOURCE, 2024–2029 (KILOTON)
          TABLE 40 MARKET, BY SOURCE, 2024–2029 (USD MILLION)
    7.2 SYNTHETIC 
           7.2.1 DOMINATED MARKET WITH SIGNIFICANT MARKET SHARE
                    FIGURE 40 ASIA PACIFIC TO LEAD ORGANIC PIGMENTS MARKET IN SYNTHETIC SEGMENT
                    TABLE 41 SYNTHETIC: MARKET, BY REGION, 2020–2023 (KILOTON)
                    TABLE 42 SYNTHETIC: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 43 SYNTHETIC: MARKET, BY REGION, 2024–2029 (KILOTON)
                    TABLE 44 SYNTHETIC: MARKET, BY REGION, 2024–2029 (USD MILLION)
    7.3 NATURAL 
           7.3.1 EXPECTED TO GROW AT HIGHER CAGR
                    FIGURE 41 ASIA PACIFIC TO LEAD ORGANIC PIGMENTS MARKET IN NATURAL SEGMENT
                    TABLE 45 NATURAL: MARKET, BY REGION, 2020–2023 (KILOTON)
                    TABLE 46 NATURAL: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 47 NATURAL: MARKET, BY REGION, 2024–2029 (KILOTON)
                    TABLE 48 NATURAL: MARKET, BY REGION, 2024–2029 (USD MILLION)
 
8 ORGANIC PIGMENTS MARKET, BY TYPE (Page No. - 102)
    8.1 INTRODUCTION 
          FIGURE 42 HPPS TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
          TABLE 49 MARKET, BY TYPE, 2020–2023 (KILOTON)
          TABLE 50 MARKET, BY TYPE, 2020–2023 (USD MILLION)
          TABLE 51 MARKET, BY TYPE, 2024–2029 (KILOTON)
          TABLE 52 MARKET, BY TYPE, 2024–2029 (USD MILLION)
    8.2 AZO PIGMENTS 
           8.2.1 MOST DIVERSE GROUP OF SYNTHETIC ORGANIC PIGMENTS
                    FIGURE 43 ASIA PACIFIC TO LEAD AZO ORGANIC PIGMENTS MARKET
                    TABLE 53 AZO MARKET, BY REGION, 2020–2023 (KILOTON)
                    TABLE 54 AZO MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 55 AZO MARKET, BY REGION, 2024–2029 (KILOTON)
                    TABLE 56 AZO MARKET, BY REGION, 2024–2029 (USD MILLION)
    8.3 PHTHALOCYANINE PIGMENTS 
           8.3.1 WIDE USAGE IN PRINTING INKS AND PAINTS & COATINGS APPLICATIONS TO DRIVE MARKET
                    TABLE 57 PHTHALOCYANINE MARKET, BY REGION, 2020–2023 (KILOTON)
                    TABLE 58 PHTHALOCYANINE MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 59 PHTHALOCYANINE MARKET, BY REGION, 2024–2029 (KILOTON)
                    TABLE 60 PHTHALOCYANINE MARKET, BY REGION, 2024–2029 (USD MILLION)
    8.4 HIGH-PERFORMANCE PIGMENTS (HPPS) 
           8.4.1 PROJECTED TO GROW AT HIGHEST CAGR
                    TABLE 61 HPPS: MARKET, BY REGION, 2020–2023 (KILOTON)
                    TABLE 62 HPPS: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 63 HPPS: MARKET, BY REGION, 2024–2029 (KILOTON)
                    TABLE 64 HPPS: MARKET, BY REGION, 2024–2029 (USD MILLION)
    8.5 OTHER TYPES 
          TABLE 65 OTHER MARKET, BY REGION, 2020–2023 (KILOTON)
          TABLE 66 OTHER MARKET, BY REGION, 2020–2023 (USD MILLION)
          TABLE 67 OTHER MARKET, BY REGION, 2024–2029 (KILOTON)
          TABLE 68 OTHER MARKET, BY REGION, 2024–2029 (USD MILLION)
 
9 ORGANIC PIGMENTS MARKET, BY REGION (Page No. - 112)
    9.1 INTRODUCTION 
          FIGURE 44 CHINA TO BE FASTEST-GROWING COUNTRY IN ORGANIC PIGMENTS MARKET
          TABLE 69 MARKET, BY REGION, 2020–2023 (KILOTON)
          TABLE 70 MARKET, BY REGION, 2020–2023 (USD MILLION)
          TABLE 71 MARKET, BY REGION, 2024–2029 (KILOTON)
          TABLE 72 MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.2 NORTH AMERICA 
           9.2.1 RECESSION IMPACT
                    FIGURE 45 NORTH AMERICA: ORGANIC PIGMENTS MARKET SNAPSHOT
           9.2.2 NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY TYPE
                    TABLE 73 NORTH AMERICA: MARKET, BY TYPE, 2020–2023 (KILOTON)
                    TABLE 74 NORTH AMERICA: MARKET, BY TYPE, 2020–2023 (USD MILLION)
                    TABLE 75 NORTH AMERICA: MARKET, BY TYPE, 2024–2029 (KILOTON)
                    TABLE 76 NORTH AMERICA: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           9.2.3 NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY SOURCE
                    TABLE 77 NORTH AMERICA: MARKET, BY SOURCE, 2020–2023 (KILOTON)
                    TABLE 78 NORTH AMERICA: MARKET, BY SOURCE, 2020–2023 (USD MILLION)
                    TABLE 79 NORTH AMERICA: MARKET, BY SOURCE, 2024–2029 (KILOTON)
                    TABLE 80 NORTH AMERICA: MARKET, BY SOURCE, 2024–2029 (USD MILLION)
           9.2.4 NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION
                    TABLE 81 NORTH AMERICA: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                    TABLE 82 NORTH AMERICA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 83 NORTH AMERICA: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                    TABLE 84 NORTH AMERICA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
           9.2.5 NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY COUNTRY
                    TABLE 85 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (KILOTON)
                    TABLE 86 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 87 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (KILOTON)
                    TABLE 88 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    9.2.5.1 US
                               9.2.5.1.1 Increasing packaged food consumption to drive demand
                                              TABLE 89 US: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 90 US: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 91 US: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 92 US: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.2.5.2 Mexico
                               9.2.5.2.1 High demand from plastics application to drive market
                                              TABLE 93 MEXICO: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 94 MEXICO: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 95 MEXICO: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 96 MEXICO: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.2.5.3 Canada
                               9.2.5.3.1 High demand from printing inks application to drive market
                                              TABLE 97 CANADA: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 98 CANADA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 99 CANADA: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 100 CANADA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
    9.3 EUROPE 
           9.3.1 RECESSION IMPACT
                    FIGURE 46 EUROPE: ORGANIC PIGMENTS MARKET SNAPSHOT
           9.3.2 EUROPE: ORGANIC PIGMENTS MARKET, BY TYPE
                    TABLE 101 EUROPE: MARKET, BY TYPE, 2020–2023 (KILOTON)
                    TABLE 102 EUROPE: MARKET, BY TYPE, 2020–2023 (USD MILLION)
                    TABLE 103 EUROPE: MARKET, BY TYPE, 2024–2029 (KILOTON)
                    TABLE 104 EUROPE: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           9.3.3 EUROPE: ORGANIC PIGMENTS MARKET, BY SOURCE
                    TABLE 105 EUROPE: MARKET, BY SOURCE, 2020–2023 (KILOTON)
                    TABLE 106 EUROPE: MARKET, BY SOURCE, 2020–2023 (USD MILLION)
                    TABLE 107 EUROPE: MARKET, BY SOURCE, 2024–2029 (KILOTON)
                    TABLE 108 EUROPE: MARKET, BY SOURCE, 2024–2029 (USD MILLION)
           9.3.4 EUROPE: ORGANIC PIGMENTS MARKET, BY APPLICATION
                    TABLE 109 EUROPE: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                    TABLE 110 EUROPE: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 111 EUROPE: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                    TABLE 112 EUROPE: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
           9.3.5 EUROPE: ORGANIC PIGMENTS MARKET, BY COUNTRY
                    TABLE 113 EUROPE: MARKET, BY COUNTRY, 2020–2023 (KILOTON)
                    TABLE 114 EUROPE: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 115 EUROPE: MARKET, BY COUNTRY, 2024–2029 (KILOTON)
                    TABLE 116 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    9.3.5.1 Germany
                               9.3.5.1.1 High usage of organic pigments in automotive industry to drive demand
                                              TABLE 117 GERMANY: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 118 GERMANY: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 119 GERMANY: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 120 GERMANY: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.3.5.2 France
                               9.3.5.2.1 High growth of organic pigments in paints & coatings application to drive market
                                              TABLE 121 FRANCE: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 122 FRANCE: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 123 FRANCE: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 124 FRANCE: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.3.5.3 UK
                               9.3.5.3.1 Continued growth of packaging industry & increasing demand for sustainable inks to drive market
                                              TABLE 125 UK: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 126 UK: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 127 UK: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 128 UK: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.3.5.4 Italy
                               9.3.5.4.1 Demand from transportation industry to drive market
                                              TABLE 129 ITALY: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 130 ITALY: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 131 ITALY: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 132 ITALY: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.3.5.5 Spain
                               9.3.5.5.1 Increasing consumption of plastics to drive demand
                                              TABLE 133 SPAIN: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 134 SPAIN: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 135 SPAIN: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 136 SPAIN: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.3.5.6 Rest of Europe
                                TABLE 137 REST OF EUROPE: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                TABLE 138 REST OF EUROPE: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                TABLE 139 REST OF EUROPE: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                TABLE 140 REST OF EUROPE: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
    9.4 ASIA PACIFIC 
           9.4.1 RECESSION IMPACT
                    FIGURE 47 ASIA PACIFIC: ORGANIC PIGMENTS MARKET SNAPSHOT
           9.4.2 ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY TYPE
                    TABLE 141 ASIA PACIFIC: MARKET, BY TYPE, 2020–2023 (KILOTON)
                    TABLE 142 ASIA PACIFIC: MARKET, BY TYPE, 2020–2023 (USD MILLION)
                    TABLE 143 ASIA PACIFIC: MARKET, BY TYPE, 2024–2029 (KILOTON)
                    TABLE 144 ASIA PACIFIC: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           9.4.3 ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY SOURCE
                    TABLE 145 ASIA PACIFIC: MARKET, BY SOURCE, 2020–2023 (KILOTON)
                    TABLE 146 ASIA PACIFIC: MARKET, BY SOURCE, 2020–2023 (USD MILLION)
                    TABLE 147 ASIA PACIFIC: MARKET, BY SOURCE, 2024–2029 (KILOTON)
                    TABLE 148 ASIA PACIFIC: MARKET, BY SOURCE, 2024–2029 (USD MILLION)
           9.4.4 ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY APPLICATION
                    TABLE 149 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                    TABLE 150 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 151 ASIA PACIFIC: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                    TABLE 152 ASIA PACIFIC: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
           9.4.5 ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY COUNTRY
                    TABLE 153 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2023 (KILOTON)
                    TABLE 154 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 155 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (KILOTON)
                    TABLE 156 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    9.4.5.1 China
                               9.4.5.1.1 Presence of strong printing, packaging, and labeling industries to propel market
                                              TABLE 157 CHINA: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 158 CHINA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 159 CHINA: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 160 CHINA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.4.5.2 Japan
                               9.4.5.2.1 High growth of organic pigments in paints & coatings application
                                              TABLE 161 JAPAN: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 162 JAPAN: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 163 JAPAN: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 164 JAPAN: MARKET, BY APPLICATION, 2024–2029, (USD MILLION)
                    9.4.5.3 India
                               9.4.5.3.1 Rapid urbanization, increasing literacy rates, and growth of FMCG sector to boost demand
                                              TABLE 165 INDIA: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 166 INDIA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 167 INDIA: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 168 INDIA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.4.5.4 South Korea
                               9.4.5.4.1 Presence of major electronics companies to drive demand for organic pigments
                                              TABLE 169 SOUTH KOREA: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 170 SOUTH KOREA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 171 SOUTH KOREA: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 172 SOUTH KOREA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.4.5.5 Rest of Asia Pacific
                                TABLE 173 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                TABLE 174 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                TABLE 175 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                TABLE 176 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
    9.5 SOUTH AMERICA 
           9.5.1 RECESSION IMPACT
           9.5.2 SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY TYPE
                    TABLE 177 SOUTH AMERICA: MARKET, BY TYPE, 2020–2023 (KILOTON)
                    TABLE 178 SOUTH AMERICA: MARKET, BY TYPE, 2020–2023 (USD MILLION)
                    TABLE 179 SOUTH AMERICA: MARKET, BY TYPE, 2024–2029 (KILOTON)
                    TABLE 180 SOUTH AMERICA: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           9.5.3 SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY SOURCE
                    TABLE 181 SOUTH AMERICA: MARKET, BY SOURCE, 2020–2023 (KILOTON)
                    TABLE 182 SOUTH AMERICA: MARKET, BY SOURCE, 2020–2023 (USD MILLION)
                    TABLE 183 SOUTH AMERICA: MARKET, BY SOURCE, 2024–2029 (KILOTON)
                    TABLE 184 SOUTH AMERICA: MARKET, BY SOURCE, 2024–2029 (USD MILLION)
           9.5.4 SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION
                    TABLE 185 SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                    TABLE 186 SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 187 SOUTH AMERICA: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                    TABLE 188 SOUTH AMERICA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
           9.5.5 SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY COUNTRY
                    TABLE 189 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (KILOTON)
                    TABLE 190 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 191 SOUTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (KILOTON)
                    TABLE 192 SOUTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    9.5.5.1 Brazil
                               9.5.5.1.1 Increase in demand for highly efficient and durable colors in various industries to drive market
                                              TABLE 193 BRAZIL: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 194 BRAZIL: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 195 BRAZIL: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 196 BRAZIL: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.5.5.2 Argentina
                               9.5.5.2.1 Increased public spending on food and pharmaceutical commodities to support market
                                              TABLE 197 ARGENTINA: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 198 ARGENTINA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 199 ARGENTINA: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 200 ARGENTINA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.5.5.3 Rest of South America
                                TABLE 201 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                TABLE 202 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                TABLE 203 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                TABLE 204 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
    9.6 MIDDLE EAST & AFRICA 
           9.6.1 RECESSION IMPACT
           9.6.2 MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY TYPE
                    TABLE 205 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2020–2023 (KILOTON)
                    TABLE 206 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2020–2023 (USD MILLION)
                    TABLE 207 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2024–2029 (KILOTON)
                    TABLE 208 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           9.6.3 MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY SOURCE
                    TABLE 209 MIDDLE EAST & AFRICA: MARKET, BY SOURCE, 2020–2023 (KILOTON)
                    TABLE 210 MIDDLE EAST & AFRICA: MARKET, BY SOURCE, 2020–2023 (USD MILLION)
                    TABLE 211 MIDDLE EAST & AFRICA: MARKET, BY SOURCE, 2024–2029 (KILOTON)
                    TABLE 212 MIDDLE EAST & AFRICA: MARKET, BY SOURCE, 2024–2029 (USD MILLION)
           9.6.4 MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY APPLICATION
                    TABLE 213 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                    TABLE 214 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 215 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                    TABLE 216 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
           9.6.5 MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY COUNTRY
                    TABLE 217 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2020–2023 (KILOTON)
                    TABLE 218 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 219 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2024–2029 (KILOTON)
                    TABLE 220 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    9.6.5.1 Saudi Arabia
                               9.6.5.1.1 Growing automotive industry to drive market
                                              TABLE 221 SAUDI ARABIA: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 222 SAUDI ARABIA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 223 SAUDI ARABIA: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 224 SAUDI ARABIA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.6.5.2 UAE
                               9.6.5.2.1 Growing demand from printing ink applications to drive market
                                              TABLE 225 UAE: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                              TABLE 226 UAE: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                              TABLE 227 UAE: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                              TABLE 228 UAE: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    9.6.5.3 Rest of Middle East & Africa
                                TABLE 229 REST OF MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2020–2023 (KILOTON)
                                TABLE 230 REST OF MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                TABLE 231 REST OF MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2024–2029 (KILOTON)
                                TABLE 232 REST OF MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
 
10 COMPETITIVE LANDSCAPE (Page No. - 173)
     10.1 INTRODUCTION 
     10.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN 
             10.2.1 STRATEGIES ADOPTED BY ORGANIC PIGMENT MANUFACTURERS
     10.3 REVENUE ANALYSIS 
             FIGURE 48 REVENUE ANALYSIS OF MARKET PLAYERS
     10.4 MARKET SHARE ANALYSIS 
             FIGURE 49 SHARES OF TOP COMPANIES IN ORGANIC PIGMENTS MARKET
             TABLE 233 DEGREE OF COMPETITION: ORGANIC PIGMENTS MARKET
     10.5 BRAND/PRODUCT COMPARATIVE ANALYSIS 
             FIGURE 50 ORGANIC PIGMENTS MARKET: TRENDING BRANDS/PRODUCTS
     10.6 COMPANY EVALUATION MATRIX 
             10.6.1 STARS
             10.6.2 EMERGING LEADERS
             10.6.3 PERVASIVE PLAYERS
             10.6.4 PARTICIPANTS
                        FIGURE 51 ORGANIC PIGMENTS MARKET: COMPANY EVALUATION MATRIX, 2023
             10.6.5 COMPANY FOOTPRINT
                        FIGURE 52 COMPANY PRODUCT FOOTPRINT
                        TABLE 234 COMPANY TYPE FOOTPRINT
                        TABLE 235 COMPANY APPLICATION FOOTPRINT
                        10.6.5.1 Company region footprint
                                      TABLE 236 COMPANY REGION FOOTPRINT
     10.7 START-UPS/SMES EVALUATION MATRIX 
             10.7.1 PROGRESSIVE COMPANIES
             10.7.2 RESPONSIVE COMPANIES
             10.7.3 DYNAMIC COMPANIES
             10.7.4 STARTING BLOCKS
                        FIGURE 53 ORGANIC PIGMENTS MARKET: START-UPS/SMES EVALUATION MATRIX, 2023
             10.7.5 COMPETITIVE BENCHMARKING
                        TABLE 237 ORGANIC PIGMENTS MARKET: KEY START-UPS/SMES
                        TABLE 238 ORGANIC PIGMENTS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     10.8 VALUATION AND FINANCIAL METRICS OF ORGANIC PIGMENT MANUFACTURERS 
             FIGURE 54 EV/EBITDA OF KEY MANUFACTURERS
             FIGURE 55 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY MANUFACTURERS
     10.9 COMPETITIVE SCENARIO AND TRENDS 
             10.9.1 PRODUCT LAUNCHES
                        TABLE 239 ORGANIC PIGMENTS MARKET: PRODUCT LAUNCHES, JANUARY 2020–FEBRUARY 2024
             10.9.2 DEALS
                        TABLE 240 ORGANIC PIGMENTS MARKET: DEALS, JANUARY 2020–FEBRUARY 2024
             10.9.3 EXPANSIONS
                        TABLE 241 ORGANIC PIGMENTS MARKET: EXPANSIONS, JANUARY 2020–FEBRUARY 2024
 
11 COMPANY PROFILES (Page No. - 187)
(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats) *
     11.1 KEY COMPANIES 
             11.1.1 DIC CORPORATION
                        TABLE 242 DIC CORPORATION: COMPANY OVERVIEW
                        FIGURE 56 DIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 243 DIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 244 DIC CORPORATION: DEALS, JANUARY 2020- FEBRUARY 2024
             11.1.2 HEUBACH GMBH
                        TABLE 245 HEUBACH GMBH: COMPANY OVERVIEW
                        TABLE 246 HEUBACH GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 247 HEUBACH GMBH: DEALS, JANUARY 2020- FEBRUARY 2024
             11.1.3 DAINICHISEIKA COLOR & CHEMICALS MFG. CO., LTD.
                        TABLE 248 DAINICHISEIKA COLOR & CHEMICALS MFG. CO., LTD.: COMPANY OVERVIEW
                        FIGURE 57 DAINCHISEIKA COLOR & CHEMICALS MFG. CO., LTD.: COMPANY SNAPSHOT
                        TABLE 249 DAINICHISEIKA COLOR & CHEMICALS MFG. CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.4 LILY GROUP CO., LTD.
                        TABLE 250 LILY GROUP CO., LTD: COMPANY OVERVIEW
                        TABLE 251 LILY GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 252 LILY GROUP CO., LTD.: EXPANSIONS, JANUARY 2020–FEBRUARY 2024
             11.1.5 SUNLOUR PIGMENT CO., LTD.
                        TABLE 253 SUNLOUR PIGMENT CO., LTD.: COMPANY OVERVIEW
                        TABLE 254 SUNLOUR PIGMENT CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.6 MEGHMANI ORGANICS LTD.
                        TABLE 255 MEGHMANI ORGANICS LTD.: COMPANY OVERVIEW
                        FIGURE 58 MEGHMANI ORGANICS LTD.: COMPANY SNAPSHOT
                        TABLE 256 MEGHMANI ORGANIC S LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.7 ASAHI SONGWON COLORS LTD.
                        TABLE 257 ASAHI SONGWON COLORS LTD.: COMPANY OVERVIEW
                        FIGURE 59 ASAHI SONGWON COLORS LTD.: COMPANY SNAPSHOT
                        TABLE 258 ASAHI SONGWONG COLORS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.8 SUDARSHAN CHEMICAL INDUSTRIES LIMITED
                        TABLE 259 SUDARSHAN CHEMICAL INDUSTRIES LIMITED: COMPANY OVERVIEW
                        FIGURE 60 SUDARSHAN CHEMICAL INDUSTRIES LTD.: COMPANY SNAPSHOT
                        TABLE 260 SUDARSHAN CHEMICAL INDUSTRIES LIMITED: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                        TABLE 261 SUDARSHAN CHEMICAL INDUSTRIES LIMITED: PRODUCT LAUNCHES, JANUARY 2020–MARCH 2024
             11.1.9 ATUL LTD.
                        TABLE 262 ATUL LTD.: COMPANY OVERVIEW
                        FIGURE 61 ATUL LTD.: COMPANY SNAPSHOT
                        TABLE 263 ATUL LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.10 PIDILITE INDUSTRIES LTD.
                        TABLE 264 PIDILITE INDUSTRIES LTD.: COMPANY OVERVIEW
                        FIGURE 62 PIDILITE INDUSTRIES LTD.: COMPANY SNAPSHOT
                        TABLE 265 PIDILITE INDUSTRIES LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.11 ANSHAN HIFICHEM CO., LTD.
                        TABLE 266 ANSHAN HIFICHEM CO., LTD.: COMPANY OVERVIEW
                        TABLE 267 ANSHAN HIFICHEM CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.12 LONGKOU UNION CHEMICAL CO., LTD.
                        TABLE 268 LONGKOU UNION CHEMICAL CO., LTD.: COMPANY OVERVIEW
                        TABLE 269 LONGKOU UNION CHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
     11.2 OTHER COMPANIES 
             11.2.1 VIBRANTZ (FERRO CORPORATION)
                        TABLE 270 VIBRANTZ (FERRO CORPORATION): COMPANY OVERVIEW
             11.2.2 TRUST CHEM CO., LTD.
                        TABLE 271 TRUST CHEM CO., LTD.: COMPANY OVERVIEW
             11.2.3 TOYOCOLOR CO., LTD.
                        TABLE 272 TOYOCOLOR CO., LTD.: COMPANY OVERVIEW
             11.2.4 CHANGZHOU NORTH AMERICAN CHEMICAL GROUP
                        TABLE 273 CHANGZHOU NORTH AMERICAN CHEMICAL GROUP: COMPANY OVERVIEW
             11.2.5 VOXCO PIGMENTS
                        TABLE 274 VOXCO PIGMENTS: COMPANY OVERVIEW
             11.2.6 SYNTHESIA
                        TABLE 275 SYNTHESIA: COMPANY OVERVIEW
             11.2.7 GHARDA CHEMICALS LTD.
                        TABLE 276 GHARDA CHEMICALS LTD.: COMPANY OVERVIEW
             11.2.8 CATHAY INDUSTRIES
                        TABLE 277 CATHAY INDUSTRIES: COMPANY OVERVIEW
             11.2.9 APOLLO COLORS LTD.
                        TABLE 278 APOLLO COLORS INC.: COMPANY OVERVIEW
             11.2.10 LANXESS
                        TABLE 279 LANXESS: COMPANY OVERVIEW
             11.2.11 INDIAN CHEMICAL INDUSTRIES
                        TABLE 280 INDIAN CHEMICAL INDUSTRIES: COMPANY OVERVIEW
             11.2.12 HANGZHOU EMPEROR CHEMICAL CO., LTD.
                        TABLE 281 HANGZHOU EMPEROR CHEMICAL CO., LTD.: COMPANY OVERVIEW
             11.2.13 KOEL COLORS PRIVATE LIMITED
                        TABLE 282 KOEL COLORS PRIVATE LIMITED: COMPANY OVERVIEW
             11.2.14 OGILVY CHEMICAL
                        TABLE 283 OGILVY CHEMICAL: COMPANY OVERVIEW
 
12 APPENDIX (Page No. - 224)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORTS 
     12.5 AUTHOR DETAILS 

 

The study involves two major activities in estimating the current market size for the organic pigments market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this research study include financial statements of companies offering organic pigments products and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the organic pigments market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the organic pigments market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from organic pigments industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to type, application, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using organic pigments products were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of organic pigments and outlook of their business which will affect the overall market.

The Breakup of Primary Research:

Organic Pigments Market Trends Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The research methodology used to estimate the size of the organic pigments market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in organic pigments products in different applications at a regional level. Such procurements provide information on the demand aspects of the organic pigments industry for each application. For each application, all possible segments of the organic pigments market were integrated and mapped.

Organic Pigments Market Size: Botton Up Approach

Organic Pigments Market Trends Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Organic Pigemnts Market Size: Top-Down Approach

Organic Pigments Market Trends Size, and Share

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

Organic pigments belong to the class of insoluble organic compounds of high coloring strength and are composed of carbon compounds. These pigments are insoluble in water, organic solvents, and various kinds of media like agar. The organic compounds used to make pigments have characteristics such as resistance to sunshine, flooding, acid, alkali, organic solvents, heat, and excellent dispersion properties in the application medium. Organic pigments provide outstanding durability, mobility, viscosity to inks, and color to plastics and synthetic fibers. They are used as reinforcing agents and fillers in rubber.

Key Stakeholders

  • Organic pigments manufacturers
  • Organic pigments suppliers
  • Raw material suppliers
  • End-use industries
  • Government bodies
  • Universities, governments, and research organizations
  • Research and consulting firms
  • R&D institutions
  • Investment banks and private equity firms

Report Objectives

  • To define, describe, and forecast the organic pigments market size in terms of volume and value.
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
  • To analyze and project the global organic pigments market by type, source, application, and region.
  • To forecast the market size concerning five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa, and analyze the significant region-specific trends.
  • To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
  • To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
  • To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and new product developments/new product launches, to draw the competitive landscape.
  • To strategically profile the key market players and comprehensively analyze their core competencies.

Available Customizations

MarketsandMarkets offers following customizations for this market report:

  • Additional country-level analysis of the organic pigments market

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company's market.
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