The migration of the organic pigments industries to Asia, especially India and China, continues to grow. In addition, the production in India and China has increased at a rapid pace since 1990. Hence, China is now one of the highest regions for organic color pigment manufacturer, particularly for commodity-type pigments. In addition to this, printing inks vertical accounts for around half of the total demand for organic pigment across the globe. However, the printing industry for publication of periodicals and newsprint has fallen owing to the growing internet competition; however the demand for printing inks for packaging continues to grow into coming years. The consequence of aesthetics in packaging has also augmented due to the rising need for product segregation that is arise from huge competition across the food & beverages as well as consumer goods industries. In addition, consumption of organic pigments has increased at similar rates. Some other market such as architectural coatings, automotive refinishes, as well as traffic paints. The plastic industry is also likely to grow, particularly owing to the improved demand in various automotive applications. Overall growth in the Europe and United States is also likely to be less than around 2% annually over the forecast period.
Likewise, increasing demand for organic pigments from various end-use industries such as plastic, textile and other are likely to boost the growth of the organic pigment market into coming years. The global organic pigment market is expected to record its huge growth across the Asia Pacific region owing to increase in the number of textile industries across the region. Moreover, organic pigments are non-toxic, cost-effective, and posses better color strength that makes them more reliable and good choice for use in several end-use industries. On the other hand, availability of organic pigments in the number of unique shades also makes them more attractive for utilizing in visual arts too. The growing consumption of organic pigments in the high number of hi-tech applications such as photo-reprographics, optoelectronic display, and optical data storage is also likely to offer significant growth opportunities into coming few years. The adoption of HPPs is rising owing to the improved fastness, light fastness to heat stability, weather fastness, and chemical exposure than traditional pigments. However, these pigment also posses’ high insolubility as well as color fastness. Such improved properties make organic pigments more suitable for various applications such as decorative and automotive coatings that need high weather and light fastness.
Service providers of organic pigments along with high good fastness property are increasing traction among various manufacturers across the globe. In addition, emerging regions such as India and China are moving towards becoming the major organic pigments market. Likewise, governmental environment regulations, labor wages and laws across Asia Pacific are likely to remain major factors influencing the development of the global organic pigments market. Due to the ability of offering a huge color spectrum than the inorganic pigment, these pigments are likely to substitute inorganic pigments for other applications into coming years.
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