This report provides exclusive insights into the COVID-19 impact on the Organic Pigments Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Organic Pigments Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Organic Pigments Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on organic
pigments market provides an in-depth analysis of segments and sub-segments in the
global as well as regional organic pigments market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional organic pigments market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global organic pigments market. According to the report, the global organic
pigments market is projected to grow at a CAGR of 4.9% over the forecast period
Pigments mostly used for fiber, ink, coloring paint, plastic, and
other materials. There are typically two forms of pigments organic and
inorganic particulate solids. That alters the appearance of the substrate on
which they’re applied by selective absorption and/ or by scattering of light.
Organic pigments are made up of carbon-based particulate solids that can be
synthesized by the natural and synthetic way. Plants and animals are natural
sources from which organic pigments can be derived, on the other hand,
synthetic organic pigments are carbon-based and are often derived from
petroleum compounds. Organic pigments can be used in the form of finely crushed
powder for their use in coloring various products and in visual arts.
Rising demand for organic pigments in the textile and plastic
industry is one of the major factor driving the growth of the market. Rapidly
growing textile and plastic industry especially in developing countries
augmenting the growth of the market. Additionally, the rising use of organic
pigments in the food sector is also supporting the growth of the market all
over the globe. Furthermore, the benefits of organic pigment over chemical dyes
such as non-toxic nature, cost-effective, and good color strength is another
factor boosting the growth of the market. On the other side, unstable prices,
stringent regulations in developed countries and the limitation of raw material
are some of the factors can restrain the growth of the market. However,
increasing utilization of organic pigments in the electronics sector such as
optoelectronic display, photo-reprographics, and optical data storage is
anticipated to provide a better opportunity to the organic pigments market over
the forecast period.
Based on the region, the Organic pigments market is classified
into North America, Europe, Asia-Pacific and Rest of the world. Asia-Pacific is the major region for the expansion of the organic pigments market
and it is anticipated to dominate the market in the forecast period. The
growing textile industry, high demand for plastic wares, rapidly growing paint
and coating industry in developing countries such as India, China, and Japan is
likely to boost the market in this region. While North America and Europe are
other key regions for the global organic pigments market. Increasing use of
organic pigment over chemical dyes and stringent regulations for the use of
metallic pigments in food and beverages are supporting the growth of the market
in these regions.
The report on global organic pigments market covers segments such
as a type and application. On the basis of type,
the sub-markets include azo pigments, Phthalocyanine pigments, and other organic
pigments. On the basis of
application, the sub-markets include printing inks, paints, and coatings, plastics, and others.
The report provides profiles of the companies in the market such
as BASF SE, Clariant AG, DIC Corporation, Heubach GmbH, Lanxess, Sun Chemicals,
Sudarshan Chemical Industries Ltd., Pidilite Industries Ltd., Ferro
Corporation, Trust Chem Co. Ltd., and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the organic
pigments market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.