Organic Pigments Market : Future Market Projections for Forthcoming years
Verfasser: ashwani_kailiya on Thursday, 11 June 2020A remarkable growth in the consumption of organic pigments in paints & coating and plastic industries has propelled the demand for organic pigments. Projecting the market growth at a modest CAGR of 3.3%, a new market study by Fact.MR provides an inclusive analysis of the organic pigments market. Predominant factors attributing to this sprouting demand include manufacturers shifting away from heavy, metal-based, inorganic pigments in their applications.
Organic Pigments Market – Key Takeaways
Azo based pigments remain the sought-after, with a share of 50% in market value.
Applications in printing inks are projected to account for about half of total usage, owing to significant use of organic pigments in visual effects and other applications.
Market share of high-performance pigments (HPP) to grow by 1.4X owing to growing inclination toward expensive pigments.
Market in East Asia, South Asia, and Oceania is witnessing remarkable growth, accounting for a collective revenue share of 40% in global market.
North America accounts for nearly 1/5th of global value, owing to demand from the printing inks and plastic industries.
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