Organic Pigments Market Size to grow by USD 1395.9 million between 2024-2028
Technavio, a leading provider of market research reports, has released its latest study on Organic Pigments Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.
Key Highlights:
The market size is estimated to grow by USD 1395.9 million, at a CAGR of 4.36% during the forecast period. In the organic pigments market, there is a growing trend towards the use of natural, organic raw materials due to increasing health and safety concerns among consumers and manufacturers. While inorganic pigments offer superior color fastness, their potential hazardous components, such as lead, chromium, and cadmium, raise environmental concerns. As we move towards a sustainable future, the development of bio-based pigments is becoming a priority. These pigments not only reduce Volatile Organic Compounds (VOCs) but also provide equal color fastness and other functionalities, making them a compelling value proposition for businesses.
For insights on company offerings- Request a sample report!
The Organic Pigments Market represents a significant business opportunity for manufacturers and suppliers. These eco-friendly pigments derived from renewable sources are gaining traction due to increasing consumer awareness and preference for sustainable products. Key players in this market include DSM, BASF, and Huntsman, who are investing in research and development to expand their organic pigments portfolio. The market is projected to grow at a CAGR of 6% from 2021 to 2026, driven by factors such as rising demand from the food, pharmaceuticals, and plastics industries.
About Technavio
Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/