DUBLIN--(BUSINESS WIRE)--The "Organic
Pigments Market by Type, Application, and Region - Global Forecast to
2023" report has been added to ResearchAndMarkets.com's
The organic pigments market size is estimated at USD 3.69 billion in 2018 and is projected to reach USD 4.67 billion by 2023, at a CAGR of 4.8% between 2018 and 2023.
The need for aesthetics in packaging has grown in recent years with the requirement for product differentiation arising from high competition. This is one of the major reason driving the market for organic pigments in printing inks used in packaging. In addition, the absence of heavy metals, which are considered to be a very harmful substance to human health, is also a major driver of the organic pigments market.
However, the high cost of organic pigment compared to inorganic pigments
limits its usage in applications where regulations are not stringent.
The organic pigments market in the paints & coatings application is projected to witness the highest growth due to the increasing demand for decorative coatings, marine coatings, automotive coatings, and industrial coatings. Automotive coating is the largest consumer of organic pigments, followed by industrial and decorative coatings. However, the use of organic pigments in decorative coatings is estimated to witness the highest growth rate in the construction industry, especially, in the developed and developing nations.
The HPPs segment is expected to register the fastest-growth in the overall organic pigments market. This high growth is attributed to their superior properties such as lightfastness, heat stability, and resistance to various chemicals, which make them suitable for high-performance applications.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Organic Pigments Market, By Type
7 Organic Pigments Market, By Application
8 Organic Pigments Market, By Region
9 Competitive Landscape
10 Company Profiles
- Apollo Colors Inc.
- Atul Chemical Ltd.
- BASF SE
- Cathay Industries
- Clariant AG
- DIC Corporation
- Dainichiseika Color & Chemicals Mfg. Co., Ltd.
- Dominion Colour Corporation
- Ferro Corporation
- Gharda Chemicals Ltd
- Heubach GmbH
- Sudarshan Chemical Industries Ltd.
- Toyocolor Co. Ltd.
- Trust Chem Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/ljvrcf/global_4_67_bn?w=4