The organic pigments market is projected to grow from USD 4.4 billion in 2024 to USD 6.0 billion by 2029, at a CAGR of 6.5% during the forecast period. Various types of organic pigments are getting increasingly used in paints & coatings, printing inks, plastics, and various other applications. The growing demand from packaging applications id driving the growth of organic pigments market across the globe. Organic pigments offer better properties as compared to the other inorganic pigments which is fuelling the demand of organic pigments.
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Organic Pigments Companies
In comparison to inorganic pigments, organic pigments offer sharper colors with a wider range. Although organic pigments have lower covering power, they exhibit higher color strength and gloss. They offer high resistance to chemicals and weather. Organic pigments are also suitable for applications in the food industry. They are non-toxic and non-reactive to food materials. Another advantage is that they are insoluble in coating systems and polymers. Due to these properties, these pigments are widely used in the automobile industry, offering vibrant colors to vehicles and their plastic parts. A take on the automobile industry can indicate the demand for organic pigments.
Some of the major manufacturers operating in the organic pigments market are DIC Corporation (Japan), Heubach GmbH (Germany), and Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan), Lily Group Co. Ltd. (China), Sunlour Pigment Co., Ltd. (China), Anshan Hifichem Co., Ltd. (China), Longkou Union Chemical Co., Ltd. (China), Meghmani Organics Ltd. (India), Asahi Songwon Colors Ltd. (India), and Sudarshan Chemical Industries Limited (India).
Many of the major players in the past few years have been adopting various growth strategies to strengthen their position in the global a market. These growth strategies include agreements, product launches, contracts, , collaborations, mergers & acquisitions, partnerships, and research and development activities aiming to expand their market presence in the organic pigments market even further.
DIC Corporation (Japan)
DIC Corporation is a Japanese multinational company with organic pigments as its core business. The company is one of the premier manufacturers of specialty organic pigments, effect pigments, and high-performance pigments. Founded in 1908 as a printing ink manufacturer, it is among the top players in the organic pigments market. With its reach in more than 60 countries, DIC Corporation has developed a broad portfolio in markets such as automotive, electronics, food, and housing. The company operates through the following segments, namely, Packaging & Graphics, Colors & Display, and Functional Products. The company offers a wide range of organic pigments through its colors & display product segment catering to printing inks, plastics, and coatings applications.
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Heubach GmbH (Germany)
Heubach GmbH is one of the leading manufacturers of organic, inorganic, and anti-corrosive pigments. The company provides pigments for various applications such as corrosion inhabitation, aqueous preparation, and pigment preparation. Its wide product lineup has a solution for every purpose, mainly in industrial & coil coating, concrete & polymer floor coating, and other applications. Heubach has invested in research on new pigments to gain market share in the pigments market. The company is committed to supplying high-quality products from 19 production facilities across Europe, the Americas, Africa, and Asia Pacific. The company also has 22 additional sites with sales offices and 43 warehouses.
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