Dublin, July 20, 2018 (GLOBE NEWSWIRE) -- The "Organic Pigments Market by Type, Application, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
"Organic pigments market projected to witness CAGR of 4.8% during forecast period" 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. "Organic pigments market to witness highest CAGR in paints & coatings segment during forecast period" 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. "HPPs segment projected to register highest CAGR from 2018 to 2023" 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. "Organic pigments market in Asia Pacific projected to witness highest CAGR during forecast period" The organic pigments market in Asia Pacific is projected to witness the highest growth rate during the forecast period due to the growing food & beverage, construction, automotive, textile, and fast-moving consumer goods (FMCG) industries. Increasing demand for printing inks, paints & coatings, and plastics are driving the market for organic pigments in the region.
Key Topics Covered
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.3.1 Years Considered for the Study 1.4 Currency 1.5 Unit Considered 1.6 Stakeholders 2 Research Methodology 2.1 Research Data 2.1.1 Secondary Data 2.1.1.1 Key Data From Secondary Sources 2.1.2 Primary Data 2.1.2.1 Key Data From Primary Sources 2.1.2.2 Key Industry Insights 2.1.2.3 Breakdown of Primary Interviews 2.2 Market Size Estimation 2.3 Data Triangulation 2.4 Assumptions 2.5 Limitations 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in the Organic Pigments Market 4.2 Organic Pigments Market, By Application 4.3 APAC Organic Pigments Market, By Application and Country 4.4 Organic Pigments Market, By Region 4.5 Organic Pigments Market, By Type 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growing Importance of Aesthetics in Packaging 5.2.1.2 Stringent Regulations for the Use of Printing Inks in Food Contact Materials 5.2.2 Restraints 5.2.2.1 Higher Cost of Organic Pigments Than That of Inorganic Pigments 5.2.3 Opportunities 5.2.3.1 Increasing Demand for High Performance Pigments 5.2.4 Challenges 5.2.4.1 Increasing Production Cost Due to Strict Environmental Regulations 5.3 Porter's Five Forces Analysis 5.3.1 Threat of New Entrants 5.3.2 Threat of Substitutes 5.3.3 Bargaining Power of Buyers 5.3.4 Bargaining Power of Suppliers 5.3.5 Intensity of Competitive Rivalry 5.4 Macroeconomic Indicators 5.4.1 Trends in Plastic Industry 6 Organic Pigments Market, By Type 6.1 Introduction 6.2 Azo Pigments 6.3 Phthalocyanine Pigments 6.4 High Performance Pigments 6.5 Others 7 Organic Pigments Market, By Application 7.1 Introduction 7.2 Printing Inks 7.3 Paints & Coatings 7.4 Plastics 7.5 Others 8 Organic Pigments Market, By Region 8.1 Introduction 8.2 North America 8.2.1 US 8.2.2 Canada 8.2.3 Mexico 8.3 Europe 8.3.1 Germany 8.3.2 France 8.3.3 Italy 8.3.4 Spain 8.3.5 UK 8.3.6 Rest of Europe 8.4 APAC 8.4.1 China 8.4.2 Japan 8.4.3 India 8.4.4 South Korea 8.4.5 Indonesia 8.4.6 Rest of APAC 8.5 Middle East & Africa 8.5.1 Turkey 8.5.2 Iran 8.5.3 Rest of the Middle East & Africa 8.6 South America 8.6.1 Brazil 8.6.2 Argentina 8.6.3 Rest of South America 9 Competitive Landscape 9.1 Overview 9.2 Market Ranking 9.3 Competitive Scenario 9.3.1 New Product Launch, 2015-2018 9.3.2 Investment & Expansion, 2015-2018 9.3.3 Agreement & Partnership, 2015-2018 9.3.4 Merger & Acquisition, 2015-2018 10 Company Profiles 10.1 BASF SE 10.2 Clariant AG 10.3 DIC Corporation 10.4 Heubach GmbH 10.5 Sudarshan Chemical Industries Ltd. 10.6 Ferro Corporation 10.7 Trust Chem Co. Ltd. 10.8 Dainichiseika Color & Chemicals Mfg. Co., Ltd. 10.9 Dominion Colour Corporation 10.10 Toyocolor Co. Ltd. 10.11 Other Companies 10.11.1 Gharda Chemicals Ltd 10.11.2 Atul Chemical Ltd. 10.11.3 Cathay Industries 10.11.4 Apollo Colors Inc.
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