Organic pigments revenue is expected to grow to a value of US$ 6.5 billion in 2033; Azo Pigments Stimulate Industry Growth: Fact.MR

The high demand for organic pigments in the United States is due to strict regulations governing the use of metallic pigments in applications involving food contact materials.

ROCKVILLE, April 10, 2023 (GLOBE NEWSWIRE) — By 2033, the organic pigments market will grow from US$ 4.3 billion to US$ 6.5 billion, growing at a CAGR of 4.0% from 2023 to 2033.

Natural pigments are popular because they can be used in many applications, are environmentally friendly, and are sustainable. However, these long-term exposures pose no threat to human health.

As customers become more ecologically conscious, the demand for high performance organic dyes will increase. Because of their ability to produce vibrant colors that can be deliberately targeted to ensure growth, organic dyes are often used in special applications including packaging and advertising brochures as well as catalogs.

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There are several drivers for the organic pigments market, including:

• Organic pigments are widely used in various industries, such as paints and coatings, plastics, printing inks, and textiles. The growth of these industries is increasing the demand for organic pigments.

• These pigments are friendly and non-toxic, making them an attractive option for consumers increasingly concerned about the impact of products on the environment. This is increasing the demand for organic pigments in various applications.

• The development of new and improved manufacturing processes for organic pigments is leading to better quality and more cost-effective products. This is making organic pigments more accessible for a wider range of industries and applications.

• Emerging economies in Asia, Latin America and the Middle East are witnessing rapid industrialization and urbanization. This is increasing the demand for organic pigments, as they are widely used in the construction, automotive and packaging industries.

• Organic pigments are widely used in medical devices and pharmaceuticals, as they are non-toxic and stable under various conditions. Growing demand for healthcare products is driving the demand for organic pigments in this industry.

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Restrictions:

• The cost of raw materials used in the production of organic pigments such as petrochemicals can be volatile. This can affect the price of organic pigments, making them less attractive to buyers.

• The use of organic pigments in various applications is subject to strict regulations, particularly with regard to environmental and health concerns. This can increase production costs and limit the use of certain types of organic pigments.

• In some applications, alternatives to organic pigments, such as inorganic pigments or dyes, may be more cost-effective or offer better performance. This may limit the demand for organic pigments in these applications.

• Organic pigments face competition from substitutes, such as synthetic and natural dyes, which can provide similar or better performance at lower cost. This may limit the demand for organic dyes in certain applications.

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Key Market Trends:
Some of the current market trends in the organic pigments industry include:

• High-performance pigments are becoming more popular due to their ability to offer high color strength, durability, and chemical resistance.

• Sustainability is a growing trend in the organic pigment industry, with consumers and businesses looking for more environmentally friendly and non-toxic products. This is leading to high adoption of new organic pigments that are sustainable and can be used in various applications.

• The Asia-Pacific region is witnessing rapid industrialization and urbanization, which has increased the demand for organic pigments in various industries such as paints and coatings, plastics, and textiles.

• The adoption of digital printing technology is increasing rapidly, and this is increasing the demand for organic pigments that can be used in digital inks. Organic pigments offer many advantages over inorganic pigments in this application, such as better lightfastness and color range.

• Research and development activities in the organic pigment industry are increasing, with companies investing in the development of new pigments and manufacturing processes. This is leading to the development of more advanced and cost-effective organic pigments.

Competitive Landscape:
The organic pigments market is fragmented, with several players operating in the market. The market is also characterized by frequent mergers and acquisitions as companies seek to expand their product portfolio and market reach.

• For example, in 2021, DIC Corporation announced that it had completed the acquisition of BASF’s global pigments business. The acquisition includes BASF’s pigment production sites in Europe, Asia and South America.

Division of Organic Pigments Industry Research

• By type:

• By Application:

  • Printing ink

  • Paints and Coatings

  • clothes

  • decorative coatings

  • Plastic and rubber

• According to the region:

  • North America

  • Latin America

  • Europe

  • East Asia

  • South Asia and Oceania

  • thing

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Key questions covered in Organic pigments the market Report

• What will be the estimated size of the market in 2023?

• What will be the growth rate of Global Organic Pigments sales by 2033?

• What are the factors restraining the demand for organic pigments?

• Which region will lead the global industry growth during 2023-2033?

• What are the factors driving the sales of Organic Pigments market during the forecast period?

Check out more related studies published by Fact.MR Research:
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Pigments market demand: According to this market study, the pigments market demand is projected to grow at a CAGR of 5.4% during the period 2021 to 2031, from 12 million tons in 2021.

Coating Pigments Market Share: The global coating pigments market share is estimated at USD 24.5 billion in 2022 and is expected to grow at a CAGR of 5.5% during 2022-2032 to reach USD 41.9 billion by 2032.

Bio Based Pigments and Dyes Market Size: The current valuation for the global bio-based pigments and dyes market size is USD 30,305 million in the year 2022. The market is growing with a CAGR of 4.5% during the forecast period. The bio-based pigments and dyes market is expected to exceed USD 47062.74 million by the end of 2032.

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