Global Organic Pigments Market 2017-2021
About Organic Pigment
Pigments are soluble colorants that are usually in the powder form. Pigments are derived from minerals. They can be produced synthetically as well. Pigments offer enormous options in terms of color. They have better color retention properties in comparison with dyes. Pigments add value in terms of visual appeal and durability to various products such as textiles, food products, cosmetics, plastics, paints, and inks.
Technavio’s analysts forecast the global organic pigment market to grow at a CAGR of 3.66% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global organic pigment market for 2017-2021. To calculate the market size, the report presents the vendor landscape and corresponding detailed profiles of the key five vendors operating in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Organic Pigment Market 2017-2021
Technavio recognizes the following companies as the key players in the global organic pigment market: BASF, Clariant, DIC, Heubach, and LANXESS.
Other Prominent Vendors in the market are: Cappelle Pigments, Dainichiseika Color & Chemicals, LANSCO COLORS, Neochem Industries, Synthesia, VIBFAST PIGMENTS, and TOYOCOLOR.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is advancement in organic pigments: Biopigments. The health and safety concern among informed consumers and manufacturers is, in turn, reflecting on increased use of organic pigments, irrespective of the price component. Inorganic pigments often contain lead, chromium, and cadmium. Although they offer supreme color fastness, the environmental implications of these organic pigments are a matter of concern. When we foresee a sustainable future ahead, product development based on natural raw materials is the only solution. Lately, trends have shifted toward bio-based raw materials that significantly reduce the VOC content. These products not only offer a compelling value proposition but also offer equal fastness and other similar functionalities.”
According to the report, one driver in market is population growth and demand for urbanized areas. In recent years, the migration of individuals from rural to urban areas has been a cause of concern for many nations globally. This factor has led to improved living standards and people embracing urban lifestyles. This trend is being monetized by the automotive, construction, and general industrial segments. All three segments are highly dependent on the pigments sector for imparting aesthetic appeal. Global population growth has resulted in a shift from rural to urban dwellings. This has affected the equity of expenditure on luxury and lifestyle.
Further, the report states that one challenge in market is volatile raw material prices to negatively impact organic pigments. The primary raw materials used in the manufacture of synthetic organic pigments are petroleum derivatives and chemical feedstocks. The increase in raw material prices is expected to be a hindrance to the global organic pigments market. Added to this, high prices of raw materials are increasing concern for vendors of organic pigments. Often, vendors pass off the fluctuations by increasing the product prices. However, this has a negative impact due to competitive pressure.
BASF, Clariant, DIC, Heubach, LANXESS, Cappelle Pigments, Dainichiseika Color & Chemicals, LANSCO COLORS, Neochem Industries, Synthesia, VIBFAST PIGMENTS, TOYOCOLOR.
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