GLOBAL ORGANIC PIGMENTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America continues to dominate the global organic pigments market with estimated 41.2% share in 2024, owing to strong presence of key players and end-use industries in the region. The U.S. accounts for the major share due to large paints & coatings industry and extensive usage of organic pigments in various applications such as plastics, printing inks and constructions. Major players like BASF, Clariant, DIC Corporation and Heubach have their headquarters located in the U.S., strengthening the supply chain and driving R&D investments in the region.

Asia Pacific region is poised to be the fastest growing market for organic pigments globally over the next five years. China represents the major share and is emerging as the largest producer. Abundant raw material availability and lower production costs are attracting investments by global industry leaders to set up manufacturing units. Together with Indonesia and India, China is also a significant exporter satisfying global demand. Growing end-use industries like packaging, automotive OEM and consumer goods offer immense opportunities. In addition, countries like Vietnam, Malaysia and South Korea are rapidly industrializing, driving regional paints market and subsequent pigments demand. With rising disposable incomes, consumption of consumer products is accelerating which bodes well for the organic pigments industry expansion.