Market Size of Organic Pigments Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.05 Billion |
| Market Size (2029) | USD 5.28 Billion |
| CAGR (2024 - 2029) | 5.46 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Organic Pigments Market Analysis
The Organic Pigments Market size is estimated at USD 4.05 billion in 2024, and is expected to reach USD 5.28 billion by 2029, growing at a CAGR of 5.46% during the forecast period (2024-2029).
- The COVID-19 pandemic harmed the global organic market. The organic pigments industry was impacted by a disrupted global supply chain and reduced demand from end-user sectors, particularly the paints and coatings sector. Manufacturers suspended output during lockdowns, leading to a decrease in demand. Currently, the market has recovered from the pandemic and is growing at a significant rate.
- Over the short term, growing demand in the paints and coatings industry and an increase in the demand from the textile industry are driving the market.
- On the flip side, higher production costs due to stringent environmental regulations and the superior performance of inorganic pigments to organic pigments are hindering the growth of the organic pigments market.
- Nevertheless, the furniture industry is anticipated to have significant growth potential. Organic pigments aid in the protection of wood against moisture and spills. These natural colors can provide long-lasting beauty and decorative appeal to this furniture. Its potential for expansion is expected to boost the market's total supply rate.
- The Asia-Pacific region dominates the global organic pigment market, with the highest consumption rates being registered in China, India, and Japan.
