Organic Pigments Market Competitive Strategies And Forecasts to 2031

Organic pigments are artificially synthesized carbon compounds that are used to impart color to substances. They impart transparent colors as opposed to inorganic ones, which produce opaque colors. However, some of the organic pigments synthesized have opaque colors.
Organic pigments possess high color strength, but poor dispersibility. They have limited solubility in water, organic solvents, and various kinds of media. Organic pigments are non-toxic and have a better environmental profile vis-à-vis organic pigments, which are toxic and contain metals such as lead and cadmium.

The organic pigments market has been expanding steadily since the last few years. These pigments are environmentally friendly. This is a major driver of the market. These pigments are widely used in food & beverages and cosmetics industries. They are also used in masterbatches for imparting colors to plastics.
Rapid urbanization and rise in infrastructure spending are expected to propel the market during the forecast period. Increase in demand for organic products due to changing customer preferences, is also driving the organic pigments market.
Organic pigments are widely used in the food & beverages segment. This is anticipated to drive the demand for organic pigments during the forecast period.
High cost of organic pigments is a restraint to the organic pigments market. High cost of organic pigments is particularly hampering the paints & coatings segment in regions where regulations are not stringent and inorganic pigments are still the dominant type.
Rise in popularity of mixed metal oxide based inorganic pigments is another challenge faced by the organic pigments market. Mixed metal oxide based inorganic pigments are non-toxic. They are used as an alternatives to lead chromate pigments.

Based on type, the organic pigments market can be segmented into azo pigments, phthalocyanine pigments, and High Performance Pigments (HPPs)
HPPs is expected to be a rapidly growing segment of the market during the forecast period owing to new product launches. For instance, DIC Corporation launched Sunbrite Yellow 74, which is an azo based HPP, in 2017.

Since the beginning of 2020, the global economy has been experiencing downturn due to the outbreak of COVID-19. The COVID-19 pandemic is anticipated to significant affect the production and distribution of organic pigments.
Governments of several countries have imposed strict lockdowns to curb the spread of the COVID-19 pandemic. Many manufacturing companies are either shut down or running low on production capacity.
Decrease in industrial activities due to the pandemic has been adversely impacting the global organic pigments market

In terms of region, the global organic pigments market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Asia Pacific is the major region of the global organic pigments market. The market in the region is estimated to expand at a rapid pace during the forecast period.
Europe and North America are other key regions of the global organic pigments market. High demand for organic pigments in these regions can be ascribed to the presence of stringent regulations pertaining to the use of metallic pigments in applications related to food and beverages. The organic pigments market in Europe and North America is anticipated to expand at a moderate pace during the forecast period.
Middle East & Africa and Latin America are relatively smaller regions of the global organic pigments market. However, these regions are anticipated to create lucrative opportunities for the organic pigments market during the forecast period.

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