FMI Organic Pigments Market Analysis and Value Forecas | Page 5

Organic Pigments Market
Organic Pigments Market Dynamics
Major factors driving growth of the organic pigments market include their increasing use in plastic, paint,
coatings and textile industries. Moreover, upswing in number of textile industries and increasing demand
of plastic products owing to various macro-economic factors is expected to boost the demand of organic
pigments, in turn, fuelling the growth of global organic pigments market over the forecast period.
Unstable prices, various environmental regulations and limited availability of raw materials are some of
the factors expected to impede the growth of global organic pigments market.
Manufacture of organic pigments with good light fastness property is gaining traction among global
manufacturers. Besides, developing countries such as China & India are shifting towards becoming the
center of global organic pigments market, both from the demand and supply side. Regulatory
environment, labor laws and wages in Asia Pacific are expected to remain major factors impacting this
global market shift. Moreover, owing to their ability to providing a wide color spectrum compared to
their inorganic counterpart, organic pigments are expected to substitute inorganic pigments for some
specific applications over the coming years.

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