How big is the Organic Pigments Market?

The Organic Pigments Market size is expected to reach USD 4.05 billion in 2024 and grow at a CAGR of 5.46% to reach USD 5.28 billion by 2029. Read More

What is the current Organic Pigments Market size?

In 2024, the Organic Pigments Market size is expected to reach USD 4.05 billion. Read More

Who are the key players in Organic Pigments Market?

BASF SE, Heubach GmbH , DIC CORPORATION , Sudarshan Chemical Industries Limited and COLORWEN INTERNATIONAL CORP are the major companies operating in the Organic Pigments Market. Read More

Which is the fastest growing region in Organic Pigments Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Organic Pigments Market?

In 2024, the Asia Pacific accounts for the largest market share in Organic Pigments Market. Read More

What years does this Organic Pigments Market cover, and what was the market size in 2023?

In 2023, the Organic Pigments Market size was estimated at USD 3.84 billion. The report covers the Organic Pigments Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Organic Pigments Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Organic Pigments Market Trends

Market Trends of Organic Pigments Industry

Increasing Application in the Paints and Coatings Industry

Organic pigments are extensively used in the paints and coatings industry and are expected to be the fastest-growing market during the forecast period.
Paints not only protect but also beautifies surfaces from buildings to bridges to automotive to electronics. Organic pigments, through fine pigmentation processing, provide bright color, good dispersion, and high tinting strength.
According to the American Coatings Association, the manufacture of paint and coatings industry in the United States was around 1.36 billion gallons in 2022. In 2023, the industry's output is expected to exceed 1.387 billion gallons.
Paints and coatings are used in the automotive industry for both interior and exterior parts for decorative as well as protective purposes. The coatings applied should protect the exteriors from UV radiation and provide resistance against heat, sunlight, scratches, water, alkaline, and acids.
According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the world motor vehicle output in 2022 was 85.02 million, a 6% increase over the previous year. In 2022, China, the United States, and Germany were the top three manufacturers of cars and commercial vehicles.
In the construction industry, furniture and architectural coatings account for the largest consumption of paints. Paints and coatings protect furniture and wood from moisture and other spillages. The wood conveys naturalness, which unites traditional and modern aspects of architecture. Coatings provide decorative beauty and long-lastingness for furniture.
According to the UN Comtrade, in 2021, the value of furniture imports into the United States was around USD 81.4 billion, while furniture exports were roughly USD 9.3 billion.
The increase in demand for paints and coatings in the construction industry is expected to drive the organic pigments market.

Organic Pigments Market: Production Volume of the Paint and Coatings Industry, in Million Gallons, United States, 2020-2023

Understand The Key Trends Shaping This Market

Download PDF

Asia-Pacific Region to Dominate the Market

The Asia-Pacific region is expected to dominate the organic pigment market during the forecast period due to increased demand from countries like India and China.
Some of the largest producers of organic pigments are located in the Asia-Pacific region. The companies operating in the market include Indian Chemical Industries, Sudarshan Chemical Industries Limited, Koel Colours Pvt Ltd, Hangzhou Han-Color Chemical Co. Ltd, Origo Chemical, and many others.
The infrastructure sector is the key focus of the Indian government. To ensure sustained national growth, India plans to invest USD 1.4 trillion in infrastructure between 2019 and 2023. The government has proposed investing USD 750 billion in railway infrastructure from 2018 to 2030. The development of smart cities and other schemes like 'household for all' are expected to increase the demand for paints and coatings.
The infrastructure and construction activities in India and China have been growing rapidly, which increases the consumption of furniture, according to the Ministry of Statistics and Program Implementation (MOSPI). The revenue from furniture manufacturing in India is expected to be over USD 4.03 billion by 2024.
The growth in the automotive sector with initiatives like 'Make in India' and the increase in investments in electric vehicles (EVs) is increasing the scope for organic pigments in paints and coatings.
Apart from paints and coatings, organic pigments offer a wide range of applications in the plastics industry due to their opacity and stability to heat. Organic pigments are preferred over dyes as they have no affinity to the substrate. Currently, organic pigments are mainly used in polyolefins.
The Asia-Pacific region is responsible for manufacturing more than half (52 percent) of the world's plastic. The demand for plastics is expected to grow as a result of innovations and improvements. The Organic Pigments Market has foreseen demand due to innovations and an increase in the use of plastic.
The aforementioned factors, coupled with government support, are contributing to the increasing demand for the organic pigments market during the forecast period.