What is the Market Demand for Organic Pigments?

The global organic pigments market is projected to grow significantly, reaching an estimated value of US$7,507.7 million by 2031, up from US$5,059.5 million in 2024, reflecting a CAGR of 5.8% during the period. This growth is driven by increased investments in R&D aimed at enhancing digital ink technologies and the rising demand for organic pigments that ensure precise color reproduction and compatibility with various substrates. The high-performance pigment (HPP) segment is expected to lead the market, showcasing a CAGR of 6.2%. Additionally, heightened environmental awareness among consumers and businesses is propelling market growth, with Europe accounting for approximately 20% of the total market share. The paint and coating application segment remains the largest contributor, holding a 35% market share.