[102 Pages Report] Organic Pigments Market was valued at USD 3.55 billion in 2017 and is projected to reach USD 4.67 billion by 2023, at a CAGR of 4.8% during the forecast period. The high demand for organic pigments is due to the changing consumer preference for plastic packaged products.

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Azo pigments segment led the organic pigments in 2017 

The azo pigments segment is projected to account for the largest share of the overall Organic Pigments Market as it is economical and is widely used in applications such as printing inks, plastics, paints & coatings, and so on. Azo pigments are available in a wide range of colors such as red, orange, and yellow for printing application, which further increases its demand.

Printing inks application expected to lead overall Organic Pigments Market during forecast period 

The printing inks segment is the largest application of the Organic Pigments Market. Plastic packaging of food & beverage, consumer goods, and printing media are the major industries driving the market for organic pigments in printing inks application. In addition, stringent government regulations to use organic pigments in food contact materials also drives the market for pigments in printing inks application.

Organic Pigments Market in Asia Pacific projected to register highest CAGR during forecast period 

Asia Pacific is the largest and the fastest-growing market for organic pigments due to the rising demand from packaging, automotive, and construction industries in the region. In addition to this, the increasing population in Asia Pacific countries present a significant customer base for FMCG products and food & beverages, which is expected to lead to the growth of the packaging industry. The growth in the packaging industry is also expected to drive the market for organic pigments in the region.

Companies such as BASF SE (Germany), Clariant AG (Switzerland), DIC Corporation (Japan), Heubach GmbH (Germany), Sudarshan Chemical Industries Ltd. (India), Ferro Corporation (US), Trust Chem Co. Ltd. (China), Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan), Dominion Colour Corporation (Canada), and Toyocolor Co. Ltd. (Japan) have adopted new product launches, agreements & partnerships, mergers & acquisitions, and investments & expansions strategies to enhance their foothold in the market.

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