Organic Pigments Market is expected to grow at a substantial CAGR of 5.5% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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The organic pigment is a highly concentrated market which includes key players and local players. The market has a prominent growth in upcoming years due to wide applicability of organic pigments in various industries.
The market has witness developments in terms of business expansions and acquisitions to meet the growing needs of customers across the globe. For instance, in December 2019, BASF SE has been investing in a new production plant for portable catalysts in Pudong Shanghai, China. For several production lines, the 30 000 meter square plant will be used. This helps the company to maximize its business in China.
BASF SE is dominating the global organic pigments market. The other key players existing in the market includes DIC CORPORATION and Merck KGaA, FERRO CORPORATION, Dainichiseika Color & Chemicals Mfg. Co., Ltd., Sudarshan Chemical Industries Limited, LANXESS, Atul Ltd, Synthesia, a.s., Heubach GmbH, Trust Chem Co., Ltd., CATHAY INDUSTRIES, Clariant, Carl Schlenk AG, Apollo Colors Inc, The Chemours Company, Jet-Mate Canada Inc., TOYOCOLOR CO., LTD, Organic Dyes and Pigment, Dominion Colour Corporation, First Source Worldwide and many other.
BASF SE:
BASF SE is headquartered in Ludwigshafen, Germany was established in 1865. The company is engaged in providing chemicals, plastics, performance products and crop protection products to oil and gas. They operate through four business segments which include functional materials & solutions, chemicals, performance products and agricultural solutions and others. Functional Materials & Solutions and Chemicals segments are the market focused segments and is engaged in the production of organic pigments under the respective product category. The products are utilized for battery and other applications.
- In January 2019, BASF SE collaborated with the Pantone Color Institute to create national palettes and branded pigment color and effects, including textures and principles. This partnership helps the company to enhance their product portfolio.
It has its global networks in Americas, Asia, Middle East and Africa and Europe. It operates through its subsidiaries, which are BASF Coatings GmbH (Germany), Wintershall, BASF Japan (Japan), Engelhard (U.S.), PCI Augsburg GmbH (Germany), Cognis (Germany) among others.
DIC CORPORATION:
DIC CORPORATION is headquartered in Tokyo, Japan and was established in 1908. The company is engaged in the manufacturing of printing inks. They operate through six business segments which include printing inks, polymers, fine chemicals, compounds, application materials, others. Printing inks is the market focused segment and is engaged in the production of organic pigments for printing applications.
- In March 2018, Metal Deco ink business of PPG was acquired by Sun Chemical, a member of DIC CORPORATION. It is a global supplier for coatings, paints and specialty materials based in the U.S. The acquisition will lead to global expansion of Metal Deco market.
It has its global networks in Americas, Europe, Africa, Asia, Oceania and Japan. It operates through its subsidiaries, which are DC Katsuya Co., Ltd. (Japan), DIC Color Coatings, Inc. (Japan), DIC Covestro Polymer Ltd. (Japan), DIC Decor, Inc. (Japan), DIC Estate Co., Ltd. (Japan), DIC Graphics Corporation (Japan), DIC Machinery & Printer's Supplies, Inc. (Japan) among others.
Merck KGaA:
Merck KGaA is headquartered in Darmstadt, Germany and was founded in 1668. The company is involved in the research and development of the healthcare and life science related products. The company operates through three business segments, which include healthcare, life science and performance materials. Performance materials is the market focused segment of the company that is engaged in the extraction of organic pigments.
- In October 2019, Merck KGaA, a leading science and technology group, is substantially increasing its global production potential and refining its production processes for impact pigments. It will help the company to expand its business and increase their market size.
The company has their geographical presence in Asia-Pacific (APAC), Europe, North America, South America and Middle East and Africa (MEA). It operates through its subsidiaries which are Merck India (India), Sigma-Aldrich (U.S.), Allergopharma GmbH & Co. KG (Germany), AZ Electronic Materials (U.S.), Seven Seas (U.K.). Technochem Limited (Qatar) and others.
