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:

• Market Research Overview: The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals used in the production of various industries' high-performance products, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, and pigments. According to Technavio, the market size is determined by the consolidated revenue of manufacturers focusing on high-value-added chemicals. Factors propelling the market expansion include the increasing preference for specialty adhesives and sealants due to their superior performance characteristics, which will fuel market growth throughout the forecast period. - The Organic Pigments Market is experiencing significant growth, fueled by the Population growth and demand for urbanized areas. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Population growth and demand for urbanized areas
  • Regulations on VOC emissions driving organic pigments market
  • High cost of organic pigments
  • Volatile raw material prices negatively impact organic pigments
• Growth Projections

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.

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• Regional Insights

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.

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