Tuesday, 02 January 2024 12:17 GMT

Organic Pigments Market Worth US$ 8.53 Billion With An Impressive CAGR 6.9% From 2024 To 2032


(MENAFN- EIN Presswire)

Organic Pigments Market

The growing usage of plastics in decoration worldwide is a prominent factor driving the organic pigments market.

Organic pigments provide better solubility and ecological compatibility contrasted to inorganic pigment” - Polaris market ResearchNEW YORK CITY, NY, UNITED STATES, November 18, 2024 /EINPresswire / -- The organic pigments market forecast for 2032 is a specialized study of the industry with a specific concentration on the global market trend analysis.

The organic pigments market is augmenting. The market is approximated to reach USD 8.53 billion by 2032. It was valued at USD 4.67 billion in 2023. It exhibited a CAGR of 6.9% from 2024 to 2032.

What is Organic Pigment?
Organic pigments are dependent on carbon chains and rings. While some entail inorganic components as stabilizers, organic pigments are interpreted essentially by this factor. These robust carbon chains also render them excessively steady. They are issued from animals, vegetables, or synthetic organic chemistry.

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While conventional pigments are normally generated utilizing flora and fauna, the predominant contemporary pigments are made through synthetic organic chemistry. They are most regularly derived from perfumed hydrocarbons involving coal tars and alternate petrochemicals. Growing demand for alluring textiles is impacting the organic pigments market growth favorably.

Who Makes Organic Pigments?
.Anshan Hifichem Co., Ltd.
.Asahi Songwon Colors Ltd.
.Dainichiseika Color & Chemicals Mfg. Co., Ltd.
.DIC Corporation
.Heubach GmbH
.Lily Group Co. Ltd.
.Longkou Union Chemical Co., Ltd.
.Meghmani Organics Ltd.
.Sudarshan Chemical Industries Limited
.Sunlour Pigment Co., Ltd.

The market is splintered. The growing surfacing of contemporary probationers in organic pigment production and the growing demand for genuine pigments are expected to drive innovation in the market.

Some of the latest developments in the market are:
.In May 2023, ChromaScape finished the accession of the colorants and dye business of Kemira. These pigments can be utilized for packaging and paper applications.

.In March 2023, The Heubach Group instigated its contemporary Ultrazul product line, promoting Ultramarine Blue pigments in four shades.

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What's Driving Market Forward?
Rising Usage in the Food and Beverage Industry: The escalating usage of organic pigments in the food and beverage industry, propelled by a robust concentration on enhancing food presentation, is anticipated to notably escalate demand for organic pigments in the near future.

Growing Acquisition of Sustainable Paints: The growing acquisition of sustainable paints by families, businesses, and government firms to confront ecological contamination and the growing aggregate of firms resolved to decrease discharge is having a favorable impact on organic pigments market sales.

Rise in Eco-Friendly Pigment: The surge in investment is pushing the invention and augmentation of contemporary and enhanced organic pigments with superlative presentation attributes. This fiscal upgrade reinforces research and development endeavors targeted at more spirited, long-lasting, and ecologically friendly pigments.

Which Region Leads Market Growth?
Asia Pacific: Asia Pacific accounted for the largest organic pigments market share. The region's robust growth is primarily due to the growing demand for sustainable commodities and growing government reinforcement to produce, disseminate, and utilize ecologically friendly commodities in the region.

Europe: Europe is anticipated to witness significant growth from 2024 to 2032. This can be attributed to the growing demand for organic commodities that provide the least carbon footprints and absent toxic chemicals.

How Is Market Segmentation Done?
By Source Outlook:
.Synthetic
.Natural

By Type Outlook:
.Azo Pigments
.Phthalocyanine Pigments
.High-Performance Pigments (HPPs)
.Other Types

By Application Outlook:
.Printing Inks
.Paints & Coatings
.Plastics
.Other Applications

By Region Outlook:
.North America (US, Canada)
.Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
.Asia Pacific (Japan, China, India, Malaysia, Australia, Indonesia. South Korea)
.Latin America (Brazil, Mexico, Argentina)
.Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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FAQs:
How much is the organic pigments market?
The market size was valued at USD 4.67 billion in 2023 and is projected to grow to USD 8.53 billion by 2032.

What is the growth rate of the organic pigments market?
The global market is projected to register a CAGR of 6.9% during the forecast period.

Which region held the largest market share?
Asia Pacific accounted for the largest share of the global market in 2023.

Which segment based on source is expected to register a higher CAGR in the global market during the forecast period?
The natural segment is anticipated to experience substantial growth with a significant CAGR in the global market during the forecast period.

Browse PMR's Organic Pigments Market Report Coverage from Different Publications:

The global organic pigments market size is expected to reach USD 8.53 billion by 2032, exhibiting a CAGR of 6.9% during 2024–2032.

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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

Likhil G
Polaris Market Research and Consulting
+ +1 929-297-9727
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Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

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