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NEW YORK, Dec. 27, 2021 /PRNewswire/ -- The latest research report 'Organic Pigments Market by Type, Application, and Geography - Forecast and Analysis 2021-2025 ', by Technavio infers the market to be driven positively by the population growth and demand for urbanized areas. The report also suggests the organic pigment market witness an accelerating growth momentum at a CAGR of 4.18% during the forecast period.
Resulting in the market growth of USD 1.18 billion from 2020 to 2025, read additional information about the market, Get a FREE sample report .
Attractive Opportunities in Organic Pigments Market by Type, Application, and Geography - Forecast and Analysis 2021-2025
Vendor Landscape
The Organic Pigment market structure is expected to remain fragmented during the forecast period. Vendors are deploying various organic and inorganic growth and business strategies to compete in the market. Global vendors such as BASF SE, Clariant International Ltd., LANXESS AG, Sun Chemical Corp, etc., dominate the market.
The key factors influencing the competitiveness of vendors are as follows:
- Product performance and quality
- Price
- Product availability
- Security of supply
- Customer service
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- BASF SE
- Clariant International Ltd.
- Dainichiseika Color and Chemicals Mfg. Co. Ltd.
- DCL Corp.
- DIC Corp.
- Ferro Corp.
- Heubach GmbH
- LANXESS AG
- Sensient Technologies Corp.
- Sun Chemical Corp.
View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
- Segmentation by Application:
- Printing Inks:
- The organic pigments market share growth by the printing inks segment will be significant during the forecast period. Inorganic inks have poor tinctorial strength and often fail to impart brilliance, this is the reason why organic pigments are preferred in printing inks. Apart from this, change in consumer preferences, and the increasing importance of branding, packaging, and advertising is a major cause of the use of organic pigment in the packaging sector.
- Paints and Coating
- Plastics
- Others
- Segmentation by Distribution Channel:
- Offline :
- In terms of distribution channel, the offline segment generated maximum revenue in the market in 2020.
- The offline segment market share was the largest due to a huge number of consumers still preferring to visit retail stores to check out the look and feel of bedspreads and other linen physical rather than through online pictures and videos.
- Online
Request a FREE Sample of this report for more highlights into the market segments.
Regional Market Outlook
47% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for organic pigments in APAC.
Furthermore, Market growth in APAC will be faster than the growth of the market in other regions. The main reason for this growth, especially in China and India, is rapid industrialization, increased focus on development, and flourishing automotive industry.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Trends, Driving the Organic Pigment Market
- Market Driver:
- The population growth and demand for urbanized areas
- The global organic pigments market is experiencing huge demand recently due to the rising demand for paints and coatings applications from the construction and automobile industries. This is because Organic pigments have superior properties and are eco-friendly in nature.
- Advancement in organic pigments: Bio pigments
- Market Trend:
- The migration of individuals from rural to urban areas
- Due to modern lifestyle and technical advancement, people are now rooting for urban areas. The industry which are gaining boost from this migration are automotive, construction, and general industrial segments. All three segments are highly dependent on the pigments sector for imparting aesthetic appeal. The automotive industry is growing unremittingly with new requirements and consumer preferences. The automotive industry are slowly becoming oriented toward aesthetics rather than functionality. This increase in the demand for pigments will drive the growth of the market during the forecast period..
Find additional information about various other market drivers & trends mentioned in our FREE sample report .
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| Organic Pigments Market Scope |
| Report Coverage | Details |
| Page number | 120 |
| Base year | 2020 |
| Forecast period | 2021-2025 |
| Growth momentum & CAGR | Accelerate at a CAGR of 4.18% |
| Market growth 2021-2025 | USD 1.18 billion |
| Market structure | Fragmented |
| YoY growth (%) | 2.96 |
| Regional analysis | APAC, Europe, North America, South America, and MEA |
| Performing market contribution | APAC at 47% |
| Key consumer countries | US, China, Germany, Japan, and India |
| Competitive landscape | Leading companies, Competitive strategies, Consumer engagement scope |
| Key companies profiled | BASF SE, Clariant International Ltd., Dainichiseika Color and Chemicals Mfg. Co. Ltd., DCL Corp., DIC Corp., Ferro Corp., Heubach GmbH, LANXESS AG, Sensient Technologies Corp., and Sun Chemical Corp. |
| Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected] Website:
SOURCE Technavio
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