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 of 2019-2025.
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 alter 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 source of production, and application. On the basis of source of production, the sub-markets include natural source, and synthetic source. On the basis of application, the sub-markets include textiles, cosmetics, chemical, plastics, paints and coatings, printing inks, food, and other application.
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 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.
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