The high performance pigments segment was the largest market in 2021, contributing to more than two-fifths of the global organic pigments market, and is expected to maintain its leadership status during the forecast period. Moreover, the same segment is projected to witness the fastest CAGR of 4.7% from 2022 to 2031, owing to the expanding scope of high-performance pigments in end-use industries, such as the automotive industry due to their superior resistance to extreme weather, humidity, and heat. In addition, increased consumer concern about the origin of cosmetics chemicals and a shifting preference for organic materials for cosmetics pigments drive the segment. The report also studies the azo pigments, phthalocyanine pigments, alizarin, arylide, and others segments.
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The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The printing inks segment held the largest share of more than one-fourth of the global organic pigments market in 2021, and is expected to maintain dominance in terms of revenue during the forecast period. This is due to the extensive use of printing inks in flexographic and intaglio printing, screen printing, lithographic and typographic printing, and other printing techniques. They can also be used in various plastic and ornamental applications, including ceramics painting and printing, plastic and coatings manufacture, textile printing, and composites production. However, the paints and coatings segment would witness the fastest CAGR of 4.7% from 2022 to 2031
This makes it important to understand the practical implications of the Organic pigments market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.
The market in Asia-Pacific was the largest market in 2021, capturing nearly half of the global organic pigments market and maintain its leadership in terms of revenue through 2031. The same market is expected to manifest the fastest CAGR of 4.6% during the forecast period, owing to the rising demand for organic pigments from various end-use sectors, such as packaging, construction, and automotive in the region. Other regions analyzed in the report include North America, Europe and LAMEA.
KEY MARKET PLAYERS:
The report provides the SWOT analysis of the key market players BASF SE, Clariant, DIC Corporation, Ferro Corporation, LANXESS, Sudarshan Chemical Industries Limited, Sun Chemical, Synthesia A.S. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.
The factors such as the increasing need for organic pigments in the pharmaceuticals and plastic packaging industry, the growing demand for bio-based paints & coatings, the rise in the number of color shades, and the increasing demand for high-performance pigments from various end-use industries drive the growth of the global organic pigments market. However, the high cost of organic pigments hampers the market growth.
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The current situation of pandemic makes it very important for the stakeholders in the Organic pigments market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
According to the report, the global organic pigments industry generated $5.6 billion in 2021, and is estimated to reach $8.4 billion by 2031, witnessing a CAGR of 4.2% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
KEY OFFERINGS OF THE REPORT:
- Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.
- Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.
- Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.
- Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.
- Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.
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