The global organic pigments market was valued at around USD 7 billion in 2016 and is expected to surpass USD 8 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global organic pigments market, under its paints, coatings, and pigments portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like BASF, Clariant, DIC, Heubach, and LANXESS.
According to Chandrakumar Badala Jaganathan, a lead analyst for paints, coatings, and pigments research at Technavio, “The regulatory authorities are imposing regulations that seek to limit the hazardous effects various chemical pigments in countries like Western Europe and North America. These regulations are aimed to control the volatile organic compounds emissions and to promote the use of organic pigments across the globe.”
The manufacturers in the market are focusing on the development of VOC-free dispersions and organic pigments that are eco-friendly and comply with the regulations set by the governing bodies. These chemical products produced are free from hazardous substances such as lead, mercury, cadmium, polybrominated biphenyls, hexavalent chromium, and polybrominated diphenyl ethers. The introduction of these pigments is for the safety of the environment and to pertain with the directives laid by the regulatory bodies.
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Advancement in organic pigments: Biopigments
The growing health and safety concerns among consumers are manufacturers are increasing the use of organic pigments. The vendors are developing bio-based organic pigments that are sustainable for the environment. The manufacturers are developing azo pigments from agriculture and forestry byproducts, cover crops, food processing, and municipal and water wastes. These biopigments are not affected by the volatile oil prices resulting in reduced supply chain risk and help in curbing the carbon footprint across the globe.
Growing prominence of sustainable paints
The use of paints with high volatile hydrocarbons are known to cause pollution and is resulting in the growing popularity of coatings with low VOC content. These are free, natural, and organic paints and coatings that are designed to meet the regulatory benchmarks and compliance standards. The development of cost-effective and sustainable high-quality paints will transform the existing paints and coating industry.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Organic Pigment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Metallic Pigments Market 2017-2021
- Global Dyes and Pigments Market 2016-2020
- Global Specialty Pigments Market 2016-2020
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