有機顔料市場 : 2029年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2024年4月

Organic Pigments Market – Global Forecast to 2029

有機顔料市場 : 原料 (合成&天然)、タイプ [アゾ、フタロシアニン、高機能顔料 (HPP)]、用途 (印刷インキ、塗料&コーティング、プラスチック)&地域別 – 2029年までの世界予測
Organic pigments Market by Source (Synthetic and Natural), Type (Azo, Phthalocyanine, High-Performance Pigments(HPPs)), Application (Printing inks, Paints & Coatings, Plastics), and Region – Global Forecast to 2029

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Report Overview

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.

有機顔料市場は、予測期間中に6.5%のCAGRで、2024年の44億米ドルから2029年までに60億米ドルに成長すると予測されています。

Phthalocyanine pigments are blue and green pigments, which are insoluble and resistant to migration. They have several applications, ranging from printing inks and paints & coatings to plastics. However, these pigments are mainly used in printing inks and paints & coatings applications, as they provide bright, clean shades of blue and green and have excellent weather-fastness and lightfastness. Phthalocyanine pigments are losing market share, as some of the variants of this type of pigment show toxicity and can be carcinogenic.

有機顔料市場 : 2029年までの世界予測

“The synthetic source of organic pigments dominated the overall market, in terms of value.”

Global organic pigments market has been segmented on the basis of source into synthetic and natural. Synthetic pigments are the ones that utilize petroleum compounds, acids, and other chemicals, usually under high heat or pressure for manufacturing. They are generally synthesized using ring-based aromatic compounds. These chemicals produce almost infinite variations in the molecular structure. Among these limitless structures, the molecules with the least toxicity, the most color fastness, and the most economical ones are selected for manufacturing.

“Plastics application of organic pigments accounted for third-largest market share the overall market, in terms of value.”

In the plastics application, organic pigments offer excellent tinting strength, ease of dispersion, and high exterior durability. Apart from improving aesthetics and providing coloring effects, organic pigments enhance the stability of plastics. This increases their resistance to adverse weather conditions. They are extensively used in polyvinyl chloride and engineered resins, owing to broad compatibility and ease of processing. Some of the major exterior plastic applications of organic pigments include vinyl siding, fencing, outdoor furniture, and composite decking. Organic pigments are also used in a wide variety of extruded and injection-molded products.

有機顔料市場 : 2029年までの世界予測 ecosystem

“During the forecast period, the organic pigments market in North America region is projected to register third-highest CAGR.”

The growth of the organic pigments market in this region is mainly driven by the growing construction, automotive, and aerospace, and defense industries. The market in the region is characterized by the presence of established players with a wide geographical presence. Most of the players in the organic pigments market are from North America. The demand for organic pigments in the country is mainly generated by the growing printing and packaging industries. The country is witnessing huge demand for digital printing in the textile industry due to the ongoing revolution in the fashion industry and rapid adoption of digital printing against conventional printing, which, in turn, is expected to drive the growth of the organic pigments market in the printing inks application in the US.

This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:

  •  By Company Type- Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
  •  By Designation- C Level- 50%, Director Level- 30%, and Executives- 20%
  •  By Region- North America- 15%, Europe- 50%, Asia Pacific (APAC) – 20%, Latin America-5%, Middle East & Africa -10%.

有機顔料市場 : 2029年までの世界予測 region

The report provides a comprehensive analysis of company profiles:
Prominent companies include 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).

Reseach Coverage

This research report categorizes the Organic Pigments Market by Type (Azo Pigments, Phthalocyanine Pigments, HPPs and Other Types), Source (Synthetic and Natural), Application (Printing inks, Paints & Coatings, Plastics and Other Applications), and Region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America). The scope of the report includes detailed information about the major factors influencing the growth of the organic pigments market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted in order to provide insights into their business overview, solutions, and services, key strategies, contracts, partnerships, and agreements. New product and service launches, mergers and acquisitions, and recent developments in the organic pigments market are all covered. This report includes a competitive analysis of upcoming startups in the organic pigments market ecosystem.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall organic pigments market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

• Analysis of key drivers (Efficient properties compared to inorganic pigments, Increasing restraints in food packaging applications), restraints (Higher cost of organic pigments, Increasing eco-friendly regulations and restrictions on raw materials), opportunities (Growing demand for HPPs), and challenges (Increasing environmental regulations) influencing the growth of the organic pigments market

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the organic pigments market.

• Market Development: Comprehensive information about lucrative markets – the report analyses the organic pigments market across varied regions.

• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the organic pigments market.

Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like 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) among others in the organic pigments market.

Table of Contents

1            INTRODUCTION            36

1.1         STUDY OBJECTIVES      36

1.2         MARKET DEFINITION   36

1.2.1      INCLUSIONS & EXCLUSIONS     37

1.3         STUDY SCOPE  37

FIGURE 1           ORGANIC PIGMENTS: MARKET SEGMENTATION           37

1.3.1      REGIONS COVERED      38

1.3.2      YEARS CONSIDERED     38

1.4         CURRENCY CONSIDERED          39

1.5         UNITS CONSIDERED     39

1.6         LIMITATIONS   39

1.7         STAKEHOLDERS            39

1.8         SUMMARY OF CHANGES            40

1.8.1      IMPACT OF RECESSION 40

2            RESEARCH METHODOLOGY     41

2.1         RESEARCH DATA           41

FIGURE 2           ORGANIC PIGMENTS MARKET: RESEARCH DESIGN       41

2.1.1      SECONDARY DATA       42

2.1.1.1   Key data from secondary sources     42

2.1.2      PRIMARY DATA 43

2.1.2.1   Key data from primary sources         43

2.1.2.2   Key primary participants    43

2.1.2.3   Breakdown of primary interviews     44

2.1.2.4   Key industry insights          44

2.2         MARKET SIZE ESTIMATION       45

2.2.1      BOTTOM-UP APPROACH           45

FIGURE 3           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       45

2.2.2      TOP-DOWN APPROACH             45

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       45

2.3         IMPACT OF RECESSION 46

2.4         BASE NUMBER CALCULATION  46

2.4.1      APPROACH 1: SUPPLY-SIDE ANALYSIS  46

FIGURE 5           METHODOLOGY FOR “SUPPLY-SIDE” SIZING OF ORGANIC PIGMENTS MARKET      46

2.4.2      APPROACH 2: DEMAND-SIDE ANALYSIS             47

FIGURE 6           METHODOLOGY FOR “DEMAND-SIDE” SIZING OF ORGANIC PIGMENTS MARKET      47

2.5         MARKET FORECAST APPROACH            47

2.5.1      SUPPLY SIDE    47

2.5.2      DEMAND SIDE  47

2.6         DATA TRIANGULATION             48

FIGURE 7           ORGANIC PIGMENTS MARKET: DATA TRIANGULATION              48

2.7         FACTOR ANALYSIS        49

2.8         RESEARCH ASSUMPTIONS         49

2.9         RESEARCH LIMITATIONS           50

2.10       RISK ASSESSMENT         50

3            EXECUTIVE SUMMARY 51

FIGURE 8           HPPS TO REGISTER FASTEST GROWTH IN ORGANIC PIGMENTS MARKET DURING FORECAST PERIOD           51

FIGURE 9           SYNTHETIC ORGANIC PIGMENTS DOMINATED MARKET IN 2023      52

FIGURE 10         PAINTS & COATINGS APPLICATION TO LEAD ORGANIC PIGMENTS MARKET DURING 2024–2029 52

FIGURE 11         ASIA PACIFIC LED ORGANIC PIGMENTS MARKET IN 2023              53

4            PREMIUM INSIGHTS      54

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ORGANIC PIGMENTS MARKET            54

FIGURE 12         MODERATE GROWTH EXPECTED IN ORGANIC PIGMENTS MARKET DURING FORECAST PERIOD   54

4.2         ORGANIC PIGMENTS MARKET, BY TYPE AND REGION  54

FIGURE 13         ASIA PACIFIC AND AZO PIGMENTS SEGMENT ACCOUNTED FOR LARGEST SHARES IN 2023  54

4.3         ORGANIC PIGMENTS MARKET, BY SOURCE       55

FIGURE 14         SYNTHETIC ORGANIC PIGMENTS ACCOUNTED FOR LARGER SHARE IN 2023  55

4.4         ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024 VS. 2029 55

FIGURE 15         PRINTING INKS TO DOMINATE ORGANIC PIGMENTS MARKET DURING FORECAST PERIOD     55

4.5         ORGANIC PIGMENTS MARKET GROWTH, BY KEY COUNTRY      56

FIGURE 16         CHINA TO BE FASTEST-GROWING ORGANIC PIGMENTS MARKET DURING FORECAST PERIOD   56

5            MARKET OVERVIEW     57

5.1         INTRODUCTIONS          57

5.2         MARKET DYNAMICS     57

FIGURE 17         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN ORGANIC PIGMENTS MARKET          57

5.2.1      DRIVERS            58

5.2.1.1   Superior properties than inorganic pigments  58

TABLE 1             AUTOMOBILE PRODUCTION STATISTICS, BY COUNTRY (2023)              58

TABLE 2             AUTOMOBILE PRODUCTION STATISTICS, BY REGION (2020)              58

5.2.1.2   High demand for enhanced aesthetics            58

TABLE 3             GENERAL PROPERTIES OF ORGANIC AND INORGANIC PIGMENTS        59

5.2.1.3   Increasing restraints on food packaging applications    59

5.2.2      RESTRAINTS     60

5.2.2.1   Increasing restrictions on raw materials         60

TABLE 4             RISK FACTORS RELATED TO INTERMEDIARIES OF ORGANIC PIGMENTS        60

5.2.2.2   Higher cost of organic pigments       60

5.2.3      OPPORTUNITIES           61

5.2.3.1   Growing demand from color filters  61

TABLE 5             INCREASE IN GLOBAL DEMAND FOR ELECTRONICS THAT UTILIZE LCD/LED DISPLAYS     61

5.2.3.2   Rising demand for HPPs    61

5.2.4      CHALLENGES   61

5.2.4.1   Low supply          61

5.3         PORTER’S FIVE FORCES ANALYSIS         62

FIGURE 18         ORGANIC PIGMENTS MARKET: PORTER’S FIVE FORCES ANALYSIS          62

5.3.1      THREAT OF NEW ENTRANTS    62

5.3.2      THREAT OF SUBSTITUTES         63

5.3.3      BARGAINING POWER OF BUYERS           63

5.3.4      BARGAINING POWER OF SUPPLIERS     63

5.3.5      INTENSITY OF COMPETITIVE RIVALRY 63

TABLE 6             ORGANIC PIGMENTS MARKET: PORTER’S FIVE FORCES ANALYSIS          64

5.4         ECOSYSTEM MAP          64

FIGURE 19         ECOSYSTEM MAP          64

FIGURE 20         ORGANIC PIGMENTS MARKET: KEY STAKEHOLDERS IN ECOSYSTEM     65

5.5         PRICING ANALYSIS        65

5.5.1      AVERAGE SELLING PRICE, BY APPLICATION (KEY PLAYERS)     66

FIGURE 21         AVERAGE SELLING PRICE FOR TOP 3 APPLICATIONS (USD/KG)              66

5.5.2      AVERAGE SELLING PRICE, BY TYPE       66

FIGURE 22         AVERAGE SELLING PRICE BASED ON TYPE (USD/KG)   66

5.5.3      AVERAGE SELLING PRICE, BY SOURCE  67

FIGURE 23         AVERAGE SELLING PRICE BASED ON SOURCE (USD/KG)              67

5.5.4      AVERAGE SELLING PRICE, BY REGION  67

TABLE 7             AVERAGE SELLING PRICE OF ORGANIC PIGMENTS, BY REGION              67

5.6         VALUE CHAIN ANALYSIS            68

FIGURE 24         VALUE CHAIN ANALYSIS            68

5.7         TRADE ANALYSIS          69

5.7.1      EXPORT SCENARIO FOR HS CODE 320417           69

FIGURE 25         EXPORT OF SYNTHETIC ORGANIC PIGMENTS, BY KEY COUNTRY, 2019–2023 (USD THOUSAND)            69

5.7.2      IMPORT SCENARIO FOR HS CODE 320417           70

FIGURE 26         IMPORT OF SYNTHETIC ORGANIC PIGMENTS, BY KEY COUNTRY, 2019–2023 (USD THOUSAND)            70

5.8         TECHNOLOGY ANALYSIS           70

5.9         KEY STAKEHOLDERS AND BUYING CRITERIA    71

5.9.1      KEY STAKEHOLDERS IN BUYING PROCESS         71

FIGURE 27         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS      71

TABLE 8             INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS      71

5.9.2      BUYING CRITERIA         72

FIGURE 28         KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              72

TABLE 9             KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              72

5.10       PATENT ANALYSIS        72

5.10.1    INTRODUCTION            72

5.10.2    METHODOLOGY           73

5.10.3    DOCUMENT TYPE         73

TABLE 10           GLOBAL PATENTS        73

FIGURE 29         GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE        73

FIGURE 30         GLOBAL PATENT PUBLICATION TREND ANALYSIS: LAST 6 YEARS  74

5.10.4    INSIGHTS          74

5.10.5    LEGAL STATUS OF PATENTS    74

FIGURE 31         LEGAL STATUS OF PATENTS    74

5.10.6    JURISDICTION ANALYSIS           75

FIGURE 32         GLOBAL JURISDICTION ANALYSIS         75

5.10.7    TOP APPLICANTS’ ANALYSIS     75

FIGURE 33         DAINIPPON INK & CHEMICALS HAS HIGHEST NUMBER OF PATENTS           75

5.10.8    PATENTS BY DAINIPPON INK & CHEMICALS     76

5.10.9    PATENTS BY MITSUBISHI CHEM CORP  76

5.10.10  PATENTS BY DIC CORPORATION           77

5.10.11  TOP 10 PATENT OWNERS IN LAST 10 YEARS      78

5.11       REGULATORY LANDSCAPE       78

5.11.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          78

TABLE 11           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         78

TABLE 12           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79

TABLE 13           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         79

TABLE 14           REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         79

5.11.2    STANDARDS IN ORGANIC PIGMENTS MARKET 80

TABLE 15           CURRENT STANDARD CODES FOR ORGANIC PIGMENTS              80

5.12       KEY CONFERENCES AND EVENTS, 2024–2025     80

TABLE 16           KEY CONFERENCES AND EVENTS, 2024–2025     80

5.13       CASE STUDY ANALYSIS 81

5.13.1    CASE STUDY 1: AGREEMENT STRATEGIES BY DIC CORPORATION TO CATER TO GROWING DEMAND FOR ORGANIC PIGMENTS         81

5.13.2    CASE STUDY 2: BUSINESS EXPANSION BY LILY GROUP CO LTD. 82

5.14       TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS              82

FIGURE 34         REVENUE SHIFT OF ORGANIC PIGMENTS MARKET        82

5.15       ORGANIC PIGMENTS INVESTMENT LANDSCAPE            83

FIGURE 35         INVESTOR DEALS AND FUNDING IN GLOBAL ORGANIC PIGMENTS MARKET SOARED IN 2023    83

5.16       COMPANY VALUATION 83

FIGURE 36         MOST VALUED ORGANIC PIGMENTS FIRMS IN 2023 (USD BILLION)           83

6            ORGANIC PIGMENTS MARKET, BY APPLICATION           84

6.1         INTRODUCTION            85

FIGURE 37         PAINTS & COATINGS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       85

TABLE 17           ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)       85

TABLE 18           ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 86

TABLE 19           ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)       86

TABLE 20           ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 86

6.2         PRINTING INKS 87

6.2.1      WIDE USAGE IN FOOD PACKAGING TO DRIVE DEMAND            87

TABLE 21           ORGANIC PIGMENTS MARKET IN PRINTING INKS APPLICATION, BY REGION, 2020–2023 (KILOTON)          87

TABLE 22           ORGANIC PIGMENTS MARKET IN PRINTING INKS APPLICATION, BY REGION, 2020–2023 (USD MILLION)   87

TABLE 23           ORGANIC PIGMENTS MARKET IN PRINTING INKS APPLICATION, BY REGION, 2024–2029 (KILOTON)          88

TABLE 24           ORGANIC PIGMENTS MARKET IN PRINTING INKS APPLICATION, BY REGION, 2024–2029 (USD MILLION)   88

6.3         PAINTS & COATINGS    89

6.3.1      WIDE USAGE IN DECORATIVE COATINGS TO DRIVE DEMAND  89

FIGURE 38         ASIA PACIFIC TO LEAD ORGANIC PIGMENTS MARKET FOR PAINTS & COATINGS APPLICATION      89

TABLE 25           ORGANIC PIGMENTS MARKET IN PAINTS & COATINGS APPLICATION, BY REGION, 2020–2023 (KILOTON)          89

TABLE 26           ORGANIC PIGMENTS MARKET IN PAINTS & COATINGS APPLICATION, BY REGION, 2020–2023 (USD MILLION)   90

TABLE 27           ORGANIC PIGMENTS MARKET IN PAINTS & COATINGS APPLICATION, BY REGION, 2024–2029 (KILOTON)          90

TABLE 28           ORGANIC PIGMENTS MARKET IN PAINTS & COATINGS APPLICATION, BY REGION, 2024–2029 (USD MILLION)   90

6.4         PLASTICS          91

6.4.1      EASE OF PROCESSING TO DRIVE MARKET         91

TABLE 29           ORGANIC PIGMENTS MARKET IN PLASTICS APPLICATION, BY REGION, 2020–2023 (KILOTON) 91

TABLE 30           ORGANIC PIGMENTS MARKET IN PLASTICS APPLICATION, BY REGION, 2020–2023 (USD MILLION)       91

TABLE 31           ORGANIC PIGMENTS MARKET IN PLASTICS APPLICATION, BY REGION, 2024–2029 (KILOTON) 92

TABLE 32           ORGANIC PIGMENTS MARKET IN PLASTICS APPLICATION, BY REGION, 2024–2029 (USD MILLION)       92

6.5         OTHER APPLICATIONS 93

TABLE 33           ORGANIC PIGMENTS MARKET IN OTHER APPLICATIONS, BY REGION, 2020–2023 (KILOTON) 93

TABLE 34           ORGANIC PIGMENTS MARKET IN OTHER APPLICATIONS, BY REGION, 2020–2023 (USD MILLION)       93

TABLE 35           ORGANIC PIGMENTS MARKET IN OTHER APPLICATIONS, BY REGION, 2024–2029 (KILOTON) 93

TABLE 36           ORGANIC PIGMENTS MARKET IN OTHER APPLICATIONS, BY REGION, 2024–2029 (USD MILLION)       94

7            ORGANIC PIGMENTS MARKET, BY SOURCE       95

7.1         INTRODUCTION            96

FIGURE 39         SYNTHETIC SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       96

TABLE 37           ORGANIC PIGMENTS MARKET, BY SOURCE, 2020–2023 (KILOTON)       96

TABLE 38           ORGANIC PIGMENTS MARKET, BY SOURCE, 2020–2023 (USD MILLION)          96

TABLE 39           ORGANIC PIGMENTS MARKET, BY SOURCE, 2024–2029 (KILOTON)       96

TABLE 40           ORGANIC PIGMENTS MARKET, BY SOURCE, 2024–2029 (USD MILLION)          97

7.2         SYNTHETIC      97

7.2.1      DOMINATED MARKET WITH SIGNIFICANT MARKET SHARE      97

FIGURE 40         ASIA PACIFIC TO LEAD ORGANIC PIGMENTS MARKET IN SYNTHETIC SEGMENT 97

TABLE 41           SYNTHETIC: ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (KILOTON)             98

TABLE 42           SYNTHETIC: ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (USD MILLION)     98

TABLE 43           SYNTHETIC: ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (KILOTON)             98

TABLE 44           SYNTHETIC: ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (USD MILLION)     99

7.3         NATURAL          99

7.3.1      EXPECTED TO GROW AT HIGHER CAGR             99

FIGURE 41         ASIA PACIFIC TO LEAD ORGANIC PIGMENTS MARKET IN NATURAL SEGMENT     99

TABLE 45           NATURAL: ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (KILOTON)             100

TABLE 46           NATURAL: ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (USD MILLION)     100

TABLE 47           NATURAL: ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (KILOTON)             100

TABLE 48           NATURAL: ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (USD MILLION)     101

8            ORGANIC PIGMENTS MARKET, BY TYPE             102

8.1         INTRODUCTION            103

FIGURE 42         HPPS TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD              103

TABLE 49           ORGANIC PIGMENTS MARKET, BY TYPE, 2020–2023 (KILOTON)              103

TABLE 50           ORGANIC PIGMENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)          103

TABLE 51           ORGANIC PIGMENTS MARKET, BY TYPE, 2024–2029 (KILOTON)              104

TABLE 52           ORGANIC PIGMENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)          104

8.2         AZO PIGMENTS 104

8.2.1      MOST DIVERSE GROUP OF SYNTHETIC ORGANIC PIGMENTS   104

FIGURE 43         ASIA PACIFIC TO LEAD AZO ORGANIC PIGMENTS MARKET              105

TABLE 53           AZO ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (KILOTON)       105

TABLE 54           AZO ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (USD MILLION) 105

TABLE 55           AZO ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (KILOTON)       106

TABLE 56           AZO ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 106

8.3         PHTHALOCYANINE PIGMENTS 106

8.3.1      WIDE USAGE IN PRINTING INKS AND PAINTS & COATINGS APPLICATIONS TO DRIVE MARKET       106

TABLE 57          PHTHALOCYANINE ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (KILOTON)   107

TABLE 58          PHTHALOCYANINE ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (USD MILLION)          107

TABLE 59          PHTHALOCYANINE ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (KILOTON)   107

TABLE 60          PHTHALOCYANINE ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (USD MILLION)          108

8.4         HIGH-PERFORMANCE PIGMENTS (HPPS)           108

8.4.1      PROJECTED TO GROW AT HIGHEST CAGR        108

TABLE 61           HPPS: ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (KILOTON)       108

TABLE 62           HPPS: ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (USD MILLION) 109

TABLE 63           HPPS: ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (KILOTON)       109

TABLE 64           HPPS: ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 109

8.5         OTHER TYPES  110

TABLE 65           OTHER ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (KILOTON)       110

TABLE 66           OTHER ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (USD MILLION) 110

TABLE 67           OTHER ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (KILOTON)       111

TABLE 68           OTHER ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 111

9            ORGANIC PIGMENTS MARKET, BY REGION        112

9.1         INTRODUCTION            113

FIGURE 44         CHINA TO BE FASTEST-GROWING COUNTRY IN ORGANIC PIGMENTS MARKET      113

TABLE 69           ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (KILOTON)       113

TABLE 70           ORGANIC PIGMENTS MARKET, BY REGION, 2020–2023 (USD MILLION)          114

TABLE 71           ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (KILOTON)       114

TABLE 72           ORGANIC PIGMENTS MARKET, BY REGION, 2024–2029 (USD MILLION)          114

9.2         NORTH AMERICA          115

9.2.1      RECESSION IMPACT      115

FIGURE 45         NORTH AMERICA: ORGANIC PIGMENTS MARKET SNAPSHOT              116

9.2.2      NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY TYPE       116

TABLE 73           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY TYPE, 2020–2023 (KILOTON)   116

TABLE 74           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)          117

TABLE 75           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY TYPE, 2024–2029 (KILOTON)   117

TABLE 76           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)          117

9.2.3      NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY SOURCE  117

TABLE 77           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY SOURCE, 2020–2023 (KILOTON)   117

TABLE 78           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY SOURCE, 2020–2023 (USD MILLION)          118

TABLE 79           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY SOURCE, 2024–2029 (KILOTON)   118

TABLE 80           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY SOURCE, 2024–2029 (USD MILLION)          118

9.2.4      NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION              118

TABLE 81           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)    118

TABLE 82           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           119

TABLE 83           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)    119

TABLE 84           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           119

9.2.5      NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY COUNTRY              120

TABLE 85           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2020–2023 (KILOTON)           120

TABLE 86           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    120

TABLE 87           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2024–2029 (KILOTON)           120

TABLE 88           NORTH AMERICA: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    120

9.2.5.1   US         121

9.2.5.1.1 Increasing packaged food consumption to drive demand            121

TABLE 89           US: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)             121

TABLE 90           US: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     122

TABLE 91           US: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)             122

TABLE 92           US: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     122

9.2.5.2   Mexico  123

9.2.5.2.1 High demand from plastics application to drive market 123

TABLE 93           MEXICO: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)   123

TABLE 94           MEXICO: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          123

TABLE 95           MEXICO: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)   123

TABLE 96           MEXICO: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          124

9.2.5.3   Canada  124

9.2.5.3.1 High demand from printing inks application to drive market      124

TABLE 97           CANADA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)   124

TABLE 98           CANADA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          125

TABLE 99           CANADA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)   125

TABLE 100         CANADA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          125

9.3         EUROPE             126

9.3.1      RECESSION IMPACT      126

FIGURE 46         EUROPE: ORGANIC PIGMENTS MARKET SNAPSHOT      127

9.3.2      EUROPE: ORGANIC PIGMENTS MARKET, BY TYPE          127

TABLE 101         EUROPE: ORGANIC PIGMENTS MARKET, BY TYPE, 2020–2023 (KILOTON)       127

TABLE 102         EUROPE: ORGANIC PIGMENTS MARKET, BY TYPE, 2020–2023 (USD MILLION) 128

TABLE 103         EUROPE: ORGANIC PIGMENTS MARKET, BY TYPE, 2024–2029 (KILOTON)       128

TABLE 104         EUROPE: ORGANIC PIGMENTS MARKET, BY TYPE, 2024–2029 (USD MILLION) 128

9.3.3      EUROPE: ORGANIC PIGMENTS MARKET, BY SOURCE    129

TABLE 105         EUROPE: ORGANIC PIGMENTS MARKET, BY SOURCE, 2020–2023 (KILOTON)             129

TABLE 106         EUROPE: ORGANIC PIGMENTS MARKET, BY SOURCE, 2020–2023 (USD MILLION)     129

TABLE 107         EUROPE: ORGANIC PIGMENTS MARKET, BY SOURCE, 2024–2029 (KILOTON)             129

TABLE 108         EUROPE: ORGANIC PIGMENTS MARKET, BY SOURCE, 2024–2029 (USD MILLION)     129

9.3.4      EUROPE: ORGANIC PIGMENTS MARKET, BY APPLICATION        130

TABLE 109         EUROPE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)   130

TABLE 110         EUROPE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          130

TABLE 111         EUROPE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)   130

TABLE 112         EUROPE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          130

9.3.5      EUROPE: ORGANIC PIGMENTS MARKET, BY COUNTRY 131

TABLE 113         EUROPE: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2020–2023 (KILOTON)             131

TABLE 114         EUROPE: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     131

TABLE 115         EUROPE: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2024–2029 (KILOTON)             131

TABLE 116         EUROPE: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     132

9.3.5.1   Germany             132

9.3.5.1.1 High usage of organic pigments in automotive industry to drive demand 132

TABLE 117         GERMANY: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)   133

TABLE 118         GERMANY: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          133

TABLE 119         GERMANY: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)   133

TABLE 120         GERMANY: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          133

9.3.5.2   France   134

9.3.5.2.1 High growth of organic pigments in paints & coatings application to drive market              134

TABLE 121         FRANCE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)   134

TABLE 122         FRANCE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          134

TABLE 123         FRANCE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)   134

TABLE 124         FRANCE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          135

9.3.5.3   UK         135

9.3.5.3.1 Continued growth of packaging industry & increasing demand for sustainable inks to drive market    135

TABLE 125         UK: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)             135

TABLE 126         UK: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     136

TABLE 127         UK: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)             136

TABLE 128         UK: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     136

9.3.5.4   Italy       136

9.3.5.4.1 Demand from transportation industry to drive market 136

TABLE 129         ITALY: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)             137

TABLE 130         ITALY: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     137

TABLE 131         ITALY: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)             137

TABLE 132         ITALY: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     137

9.3.5.5   Spain     138

9.3.5.5.1 Increasing consumption of plastics to drive demand     138

TABLE 133         SPAIN: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)             138

TABLE 134         SPAIN: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     138

TABLE 135         SPAIN: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)             138

TABLE 136         SPAIN: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     139

9.3.5.6   Rest of Europe     139

TABLE 137         REST OF EUROPE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)    139

TABLE 138         REST OF EUROPE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           139

TABLE 139         REST OF EUROPE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)    140

TABLE 140         REST OF EUROPE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           140

9.4         ASIA PACIFIC    140

9.4.1      RECESSION IMPACT      141

FIGURE 47         ASIA PACIFIC: ORGANIC PIGMENTS MARKET SNAPSHOT              141

9.4.2      ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY TYPE 142

TABLE 141         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY TYPE, 2020–2023 (KILOTON)             142

TABLE 142         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)     142

TABLE 143         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY TYPE, 2024–2029 (KILOTON)             142

TABLE 144         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)     142

9.4.3      ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY SOURCE          143

TABLE 145         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY SOURCE, 2020–2023 (KILOTON)   143

TABLE 146         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY SOURCE, 2020–2023 (USD MILLION)          143

TABLE 147         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY SOURCE, 2024–2029 (KILOTON)   143

TABLE 148         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY SOURCE, 2024–2029 (USD MILLION)          143

9.4.4      ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY APPLICATION              144

TABLE 149         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)    144

TABLE 150         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           144

TABLE 151         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)    144

TABLE 152         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           145

9.4.5      ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY COUNTRY      145

TABLE 153         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2020–2023 (KILOTON)   145

TABLE 154         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          145

TABLE 155         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2024–2029 (KILOTON)   146

TABLE 156         ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          146

9.4.5.1   China     146

9.4.5.1.1 Presence of strong printing, packaging, and labeling industries to propel market              146

TABLE 157         CHINA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)             147

TABLE 158         CHINA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     147

TABLE 159         CHINA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)             147

TABLE 160         CHINA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     148

9.4.5.2   Japan     148

9.4.5.2.1 High growth of organic pigments in paints & coatings application            148

TABLE 161         JAPAN: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)             148

TABLE 162         JAPAN: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     149

TABLE 163         JAPAN: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)             149

TABLE 164         JAPAN: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029, (USD MILLION)    149

9.4.5.3   India      149

9.4.5.3.1 Rapid urbanization, increasing literacy rates, and growth of FMCG sector to boost demand 149

TABLE 165         INDIA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)             150

TABLE 166         INDIA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     150

TABLE 167         INDIA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)             150

TABLE 168         INDIA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     151

9.4.5.4   South Korea        151

9.4.5.4.1 Presence of major electronics companies to drive demand for organic pigments              151

TABLE 169         SOUTH KOREA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)    151

TABLE 170         SOUTH KOREA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           151

TABLE 171         SOUTH KOREA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)    152

TABLE 172         SOUTH KOREA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           152

9.4.5.5   Rest of Asia Pacific            152

TABLE 173         REST OF ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)    152

TABLE 174         REST OF ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           153

TABLE 175         REST OF ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)    153

TABLE 176         REST OF ASIA PACIFIC: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           153

9.5         SOUTH AMERICA           154

9.5.1      RECESSION IMPACT      154

9.5.2      SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY TYPE        154

TABLE 177         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY TYPE, 2020–2023 (KILOTON)   154

TABLE 178         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)          154

TABLE 179         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY TYPE, 2024–2029 (KILOTON)   155

TABLE 180         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)          155

9.5.3      SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY SOURCE  155

TABLE 181         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY SOURCE, 2020–2023 (KILOTON)   155

TABLE 182         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY SOURCE, 2020–2023 (USD MILLION)          155

TABLE 183         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY SOURCE, 2024–2029 (KILOTON)   156

TABLE 184         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY SOURCE, 2024–2029 (USD MILLION)          156

9.5.4      SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION              156

TABLE 185         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)    156

TABLE 186         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           156

TABLE 187         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)    157

TABLE 188         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           157

9.5.5      SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY COUNTRY              157

TABLE 189         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2020–2023 (KILOTON)           157

TABLE 190         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    158

TABLE 191         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2024–2029 (KILOTON)           158

TABLE 192         SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    158

9.5.5.1   Brazil     159

9.5.5.1.1 Increase in demand for highly efficient and durable colors in various industries to drive market        159

TABLE 193         BRAZIL: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)   159

TABLE 194         BRAZIL: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          159

TABLE 195         BRAZIL: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)   159

TABLE 196         BRAZIL: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          160

9.5.5.2   Argentina            160

9.5.5.2.1 Increased public spending on food and pharmaceutical commodities to support market   160

TABLE 197         ARGENTINA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)   160

TABLE 198         ARGENTINA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          160

TABLE 199         ARGENTINA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)   161

TABLE 200         ARGENTINA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          161

9.5.5.3   Rest of South America       161

TABLE 201         REST OF SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)    161

TABLE 202         REST OF SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           162

TABLE 203         REST OF SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)    162

TABLE 204         REST OF SOUTH AMERICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           162

9.6         MIDDLE EAST & AFRICA             163

9.6.1      RECESSION IMPACT      163

9.6.2      MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY TYPE              163

TABLE 205         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY TYPE, 2020–2023 (KILOTON)      163

TABLE 206         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY TYPE, 2020–2023 (USD MILLION)             164

TABLE 207         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY TYPE, 2024–2029 (KILOTON)      164

TABLE 208         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)             164

9.6.3      MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY SOURCE              165

TABLE 209         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY SOURCE, 2020–2023 (KILOTON) 165

TABLE 210         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY SOURCE, 2020–2023 (USD MILLION)       165

TABLE 211         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY SOURCE, 2024–2029 (KILOTON) 165

TABLE 212         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY SOURCE, 2024–2029 (USD MILLION)       165

9.6.4      MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY APPLICATION  166

TABLE 213         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)    166

TABLE 214         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           166

TABLE 215         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)    166

TABLE 216         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           167

9.6.5      MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY COUNTRY              167

TABLE 217         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2020–2023 (KILOTON)           167

TABLE 218         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    167

TABLE 219         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2024–2029 (KILOTON)           168

TABLE 220         MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    168

9.6.5.1   Saudi Arabia        168

9.6.5.1.1 Growing automotive industry to drive market 168

TABLE 221         SAUDI ARABIA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)    169

TABLE 222         SAUDI ARABIA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           169

TABLE 223         SAUDI ARABIA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)    169

TABLE 224         SAUDI ARABIA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           169

9.6.5.2   UAE      170

9.6.5.2.1 Growing demand from printing ink applications to drive market 170

TABLE 225         UAE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)             170

TABLE 226         UAE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     170

TABLE 227         UAE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)             170

TABLE 228         UAE: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     171

9.6.5.3   Rest of Middle East & Africa            171

TABLE 229         REST OF MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (KILOTON)         171

TABLE 230         REST OF MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)  171

TABLE 231         REST OF MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)         172

TABLE 232         REST OF MIDDLE EAST & AFRICA: ORGANIC PIGMENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)  172

10          COMPETITIVE LANDSCAPE       173

10.1       INTRODUCTION            173

10.2       KEY PLAYERS’ STRATEGIES/RIGHT TO WIN       173

10.2.1    STRATEGIES ADOPTED BY ORGANIC PIGMENT MANUFACTURERS              173

10.3       REVENUE ANALYSIS      174

FIGURE 48         REVENUE ANALYSIS OF MARKET PLAYERS        174

10.4       MARKET SHARE ANALYSIS         175

FIGURE 49         SHARES OF TOP COMPANIES IN ORGANIC PIGMENTS MARKET              175

TABLE 233         DEGREE OF COMPETITION: ORGANIC PIGMENTS MARKET              175

10.5       BRAND/PRODUCT COMPARATIVE ANALYSIS    176

FIGURE 50         ORGANIC PIGMENTS MARKET: TRENDING BRANDS/PRODUCTS    176

10.6       COMPANY EVALUATION MATRIX          177

10.6.1    STARS  177

10.6.2    EMERGING LEADERS    177

10.6.3    PERVASIVE PLAYERS     177

10.6.4    PARTICIPANTS 177

FIGURE 51         ORGANIC PIGMENTS MARKET: COMPANY EVALUATION MATRIX, 2023    178

10.6.5    COMPANY FOOTPRINT 179

FIGURE 52         COMPANY PRODUCT FOOTPRINT         179

TABLE 234         COMPANY TYPE FOOTPRINT    179

TABLE 235         COMPANY APPLICATION FOOTPRINT  180

10.6.5.1 Company region footprint  180

TABLE 236         COMPANY REGION FOOTPRINT             180

10.7       START-UPS/SMES EVALUATION MATRIX           181

10.7.1    PROGRESSIVE COMPANIES       181

10.7.2    RESPONSIVE COMPANIES          181

10.7.3    DYNAMIC COMPANIES 181

10.7.4    STARTING BLOCKS       181

FIGURE 53         ORGANIC PIGMENTS MARKET: START-UPS/SMES EVALUATION MATRIX, 2023      182

10.7.5    COMPETITIVE BENCHMARKING            183

TABLE 237         ORGANIC PIGMENTS MARKET: KEY START-UPS/SMES  183

TABLE 238         ORGANIC PIGMENTS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES      183

10.8       VALUATION AND FINANCIAL METRICS OF ORGANIC PIGMENT MANUFACTURERS        184

FIGURE 54         EV/EBITDA OF KEY MANUFACTURERS 184

FIGURE 55         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY MANUFACTURERS            184

10.9       COMPETITIVE SCENARIO AND TRENDS             185

10.9.1    PRODUCT LAUNCHES  185

TABLE 239         ORGANIC PIGMENTS MARKET: PRODUCT LAUNCHES, JANUARY 2020–FEBRUARY 2024 185

10.9.2    DEALS  185

TABLE 240         ORGANIC PIGMENTS MARKET: DEALS, JANUARY 2020–FEBRUARY 2024 185

10.9.3    EXPANSIONS    186

TABLE 241         ORGANIC PIGMENTS MARKET: EXPANSIONS, JANUARY 2020–FEBRUARY 2024 186

11          COMPANY PROFILES    187

(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats) *

11.1       KEY COMPANIES            187

11.1.1    DIC CORPORATION      187

TABLE 242         DIC CORPORATION: COMPANY OVERVIEW       187

FIGURE 56         DIC CORPORATION: COMPANY SNAPSHOT       188

TABLE 243         DIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED          188

TABLE 244         DIC CORPORATION: DEALS, JANUARY 2020- FEBRUARY 2024              189

11.1.2    HEUBACH GMBH           191

TABLE 245         HEUBACH GMBH: COMPANY OVERVIEW            191

TABLE 246         HEUBACH GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED          191

TABLE 247         HEUBACH GMBH: DEALS, JANUARY 2020- FEBRUARY 2024              192

11.1.3    DAINICHISEIKA COLOR & CHEMICALS MFG. CO., LTD.  193

TABLE 248         DAINICHISEIKA COLOR & CHEMICALS MFG. CO., LTD.: COMPANY OVERVIEW  193

FIGURE 57         DAINCHISEIKA COLOR & CHEMICALS MFG. CO., LTD.: COMPANY SNAPSHOT  194

TABLE 249         DAINICHISEIKA COLOR & CHEMICALS MFG. CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   194

11.1.4    LILY GROUP CO., LTD. 196

TABLE 250         LILY GROUP CO., LTD: COMPANY OVERVIEW   196

TABLE 251         LILY GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          196

TABLE 252         LILY GROUP CO., LTD.: EXPANSIONS, JANUARY 2020–FEBRUARY 2024 197

11.1.5    SUNLOUR PIGMENT CO., LTD. 198

TABLE 253         SUNLOUR PIGMENT CO., LTD.: COMPANY OVERVIEW  198

TABLE 254         SUNLOUR PIGMENT CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   198

11.1.6    MEGHMANI ORGANICS LTD.    200

TABLE 255         MEGHMANI ORGANICS LTD.: COMPANY OVERVIEW     200

FIGURE 58         MEGHMANI ORGANICS LTD.: COMPANY SNAPSHOT     201

TABLE 256         MEGHMANI ORGANIC S LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   201

11.1.7    ASAHI SONGWON COLORS LTD.            203

TABLE 257         ASAHI SONGWON COLORS LTD.: COMPANY OVERVIEW              203

FIGURE 59         ASAHI SONGWON COLORS LTD.: COMPANY SNAPSHOT              203

TABLE 258         ASAHI SONGWONG COLORS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   204

11.1.8    SUDARSHAN CHEMICAL INDUSTRIES LIMITED 205

TABLE 259         SUDARSHAN CHEMICAL INDUSTRIES LIMITED: COMPANY OVERVIEW        205

FIGURE 60         SUDARSHAN CHEMICAL INDUSTRIES LTD.: COMPANY SNAPSHOT        206

TABLE 260         SUDARSHAN CHEMICAL INDUSTRIES LIMITED: PRODUCTS/SOLUTIONS/ SERVICES OFFERED  206

TABLE 261         SUDARSHAN CHEMICAL INDUSTRIES LIMITED: PRODUCT LAUNCHES, JANUARY 2020–MARCH 2024             207

11.1.9    ATUL LTD.        208

TABLE 262         ATUL LTD.: COMPANY OVERVIEW         208

FIGURE 61         ATUL LTD.: COMPANY SNAPSHOT        209

TABLE 263         ATUL LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED              209

11.1.10  PIDILITE INDUSTRIES LTD.       211

TABLE 264         PIDILITE INDUSTRIES LTD.: COMPANY OVERVIEW        211

FIGURE 62         PIDILITE INDUSTRIES LTD.: COMPANY SNAPSHOT       212

TABLE 265         PIDILITE INDUSTRIES LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   212

11.1.11  ANSHAN HIFICHEM CO., LTD.   214

TABLE 266         ANSHAN HIFICHEM CO., LTD.: COMPANY OVERVIEW   214

TABLE 267         ANSHAN HIFICHEM CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   214

11.1.12  LONGKOU UNION CHEMICAL CO., LTD.            215

TABLE 268         LONGKOU UNION CHEMICAL CO., LTD.: COMPANY OVERVIEW        215

TABLE 269         LONGKOU UNION CHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   215

*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.

11.2       OTHER COMPANIES      217

11.2.1    VIBRANTZ (FERRO CORPORATION)      217

TABLE 270         VIBRANTZ (FERRO CORPORATION): COMPANY OVERVIEW              217

11.2.2    TRUST CHEM CO., LTD.              217

TABLE 271         TRUST CHEM CO., LTD.: COMPANY OVERVIEW 217

11.2.3    TOYOCOLOR CO., LTD. 218

TABLE 272         TOYOCOLOR CO., LTD.: COMPANY OVERVIEW 218

11.2.4    CHANGZHOU NORTH AMERICAN CHEMICAL GROUP   218

TABLE 273         CHANGZHOU NORTH AMERICAN CHEMICAL GROUP: COMPANY OVERVIEW  218

11.2.5    VOXCO PIGMENTS        219

TABLE 274         VOXCO PIGMENTS: COMPANY OVERVIEW         219

11.2.6    SYNTHESIA       219

TABLE 275         SYNTHESIA: COMPANY OVERVIEW        219

11.2.7    GHARDA CHEMICALS LTD.       220

TABLE 276         GHARDA CHEMICALS LTD.: COMPANY OVERVIEW        220

11.2.8    CATHAY INDUSTRIES   220

TABLE 277         CATHAY INDUSTRIES: COMPANY OVERVIEW    220

11.2.9    APOLLO COLORS LTD. 221

TABLE 278         APOLLO COLORS INC.: COMPANY OVERVIEW   221

11.2.10  LANXESS           221

TABLE 279         LANXESS: COMPANY OVERVIEW            221

11.2.11  INDIAN CHEMICAL INDUSTRIES            222

TABLE 280         INDIAN CHEMICAL INDUSTRIES: COMPANY OVERVIEW              222

11.2.12  HANGZHOU EMPEROR CHEMICAL CO., LTD.    222

TABLE 281         HANGZHOU EMPEROR CHEMICAL CO., LTD.: COMPANY OVERVIEW        222

11.2.13  KOEL COLORS PRIVATE LIMITED          223

TABLE 282         KOEL COLORS PRIVATE LIMITED: COMPANY OVERVIEW              223

11.2.14  OGILVY CHEMICAL       223

TABLE 283         OGILVY CHEMICAL: COMPANY OVERVIEW        223

12          APPENDIX         224

12.1       DISCUSSION GUIDE      224

12.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             227

12.3       CUSTOMIZATION OPTIONS      229

12.4       RELATED REPORTS       229

12.5       AUTHOR DETAILS         230