#Market Analysis & Forecasts

2023-11-23

Organic pigments market size worth $8.4 billion by 2031

The global organic pigments market will experience huge growth owing to huge demand for organic pigments from the pharmaceuticals and plastic packaging industry.

Allied Market Research published a report, "Organic Pigments Market by Type (Azo Pigments, Phthalocyanine Pigments, High Performance Pigments (HPPs), Alizarin, Arylide, Others), by End Use Industry (Paints and Coatings, Automotive, Plastics, Printing Inks, Packaging, Textile, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". As per the report, the global organic pigments market is projected to garner a revenue of $8.4 billion by 2031. The market was valued at $5.6 billion in 2021 and will grow at a CAGR of 4.2% during the 2022-2031 period. The report offers a detailed analysis of the latest market trends, regional scenario, and the competitive landscape of the industry.

Prime Growth Determinants

The growth of the global organic pigments market is on account of surge in demand for organic pigments from the pharmaceuticals and plastic packaging industries. Moreover, increasing adoption of bio-based paints & coatings and high-performance pigments will further boost the market. On the other hand, the high cost of organic pigments might create hurdles in the full-fledged growth of the market. Nonetheless, the huge demand for organic pigments from the global construction industry might open up new growth opportunities in the market.

The high performance pigments (HPPs) segment to be the most profitable by 2031

By type, the high performance pigments segment held the highest market share in 2021. Furthermore, the same segment is estimated to grow with the highest CAGR of 4.7% during the forecast period. The huge applicability of high-performance pigments in the automotive manufacturing industry and cosmetics industry will help the market to gain a lead in the coming period.

The printing inks segment to grow rapidly by 2031

By end use industry, the printing inks segment held the largest market share in 2021 owing to the massive use of printing inks in flexographic and intaglio printing, screen printing, etc. On the other hand, the paints and coatings segment is likely to demonstrate a CAGR of 4.7% in the analysis timeframe. Escalating demand for paints and coatings from the automotive and construction industry is anticipated to augment the growth rate of the market in the near future.

Asia-Pacific to provide lucrative opportunities by 2031

By region, the Asia-Pacific organic pigments market gathered the highest revenue in 2021 and is projected to showcase the highest CAGR of 4.6% during the analysis timeframe. Extensive demand for organic pigments from different end-use industries including automotive manufacturing, packaging, and construction will strengthen the position of the market.

Major Companies in the Industry:

• BASF SE

• LANXESS

• Synthesia A.S.

• Clariant

• Sudarshan Chemical Industries Limited

• TOYOCOLOR CO., LTD

• DIC Corporation

• Sun Chemical

• Trust Chem Co. Ltd.

• Ferro Corporation

Strategic alliances such as mergers, acquisitions, collaborations, partnerships, etc., that have been formed by these companies have also been extensively covered in this report. Furthermore, product launches by leading companies have been analyzed in detail.

https://www.alliedmarketresearch.com/organic-pigments-market-A12122

“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.

“We need to move away from the price trap and return to a value-driven mindset.”

With its new Textile Innovation Center, KARL MAYER is sending a strong signal for innovation, collaboration, and the future of textile applications. In this interview, Karl Josef Mayer discusses new opportunities in warp knitting, the processing of staple fibres, recycling, the changing role of machinery manufacturers, and why the textile industry must once again focus more strongly on the value of textiles. by Oliver Schmidt

“Innovation, resilience and international experience remain the great strengths of the Swiss textile machinery industry”

Geopolitical uncertainty, growing competitive pressure from China, new free trade agreements and the shift towards a circular economy are currently reshaping the global textile industry. In this interview, Cornelia Buchwalder discusses the current mood within the Swiss textile machinery sector, the industry’s distinctive innovative strength, new market opportunities in India and Asia, and the technological trends that could shape the upcoming trade fair cycle leading up to ITMA 2027.

Fluff pulp market maintains steady growth

Despite being impacted by political and economic woes, the global fluff pulp market in 2024 will reach 7.3 million air dried tonnes with a value of $9.7 billion, according to a new Smithers produced study, The Future of Fluff Pulp to 2029. This is up from 6.2 million air dried tonnes valued at $5.5 billion in 2019.

Economic and geopolitical headwinds influence industrial nonwovens growth to 2029

The global consumption of industrial nonwovens in 2024 is 5.3 million tonnes or 83.4 billion square metres (m2), valued at $21.2 billion, according to The Future of Industrial Nonwovens to 2029 from Smithers. Growth rates for 2019-24 were 6.9% (tonnes), 6.9% (m2) and 6.7% ($). This reflects a recovery in some markets from Covid-19 as well as an adjustment to the Russian invasion of Ukraine in 2022 and its repercussions (inflation, energy supply/price, global economic growth reductions).

EU ban on destroying unsold clothing and footwear now in force

The European Union's ban on the destruction of unsold clothing, clothing accessories and footwear has entered into force. Since July 19, 2026, large companies across the EU have been prohibited from destroying unsold textile products, while medium-sized companies will be required to comply with the same rules from 2030.

Eastman Naia™ brings its inside-out denim vision to Kingpins New York

Following its debut at Kingpins Amsterdam, Eastman Naia™ brings the next chapter of its denim story to Kingpins New York, taking place July 22–23. At Booth Green 7, Naia™ presents its denim proposition built around three complementary design directions: Performance Denim, Fashion Denim and Authentic Denim.