South Korea Organic Pigments Market Size, Share, and COVID-19 Impact Analysis, By Type (Azo Pigments, Phthalocyanine Pigments, High-Performance Pigments, and Others), By Application (Paints & Coatings, Printing Ink, Textile, Plastic & Rubber, and Others), and South Korea Organic Pigments Market Insights, Industry Trend, Forecasts to 2035
Industry: Chemicals & MaterialsSouth Korea Organic Pigments Market Insights Forecasts to 2035
- The South Korea Organic Pigments Market Size Was Estimated at USD 177.14 Million in 2024
- The Market Size is Expected to Grow at a CAGR of around 5.06% from 2025 to 2035
- The South Korea Organic Pigments Market Size is Expected to Reach USD 305 Million by 2035
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According to a research report published by Spherical Insights and Consulting, The South Korea Organic Pigments Market Size is anticipated to reach USD 305 Million by 2035, growing at a CAGR of 5.06 % from 2025 to 2035. The market for organic pigments in South Korea is undergoing a number of noteworthy changes at the moment, all derived from the growing focus on environmental sustainability. As manufacturers and customers grow more conscious of environmentally friendly products, there is an increasing need for organic pigments that are non-toxic and biodegradable.
Market Overview
The manufacturing, marketing, and distribution of coloured particulate organic solid compounds used to colour a variety of materials, including paints, inks, plastics, and other goods, are all included in the organic pigments market. Although these pigments are permanently distributed or suspended, they are often insoluble in the medium in which they are applied. In comparison to their synthetic equivalents, organic pigments are typically less poisonous and generate less hazardous by-products, which helps to reduce their environmental impact. They are frequently biodegradable, organic pigments are a popular option for businesses looking to lessen their environmental effect. Applications for organic pigments are numerous and include paints, polymers, textiles, printing inks, and cosmetics. The need for organic pigments in a variety of applications, such as packaging, automotive finishes, and architectural coatings, is derived from the quick expansion of infrastructure, including smart cities and buildings. New growth opportunities are being created by the growing usage of organic pigments in the textile, plastic, cosmetic, and other industries. Strict environmental regulations are driving the adoption of non-toxic, heavy metal-free colours. Regulations that limit the use of dangerous inorganic pigments are forcing industries to transition to safer organic pigments.
Report Coverage
This research report categorizes the market for South Korea organic pigments market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea organic pigment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each South Korea organic pigments market sub-segment.
South Korea Organic Pigments Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 177.14 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | CAGR Of 5.06% |
2035 Value Projection: | USD 305 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 269 |
Tables, Charts & Figures: | 107 |
Segments covered: | By Type and By Application |
Companies covered:: | Hyosung Chemical Corporation, Lotte Chemical Corporation, Kumho Petrochemical Co., Ltd., OCI Company Ltd., KCC Corporation, Kyung Shin Trading Inc., DRC Coloring, FEWM Co., Ltd., Atometal (Am-C) Coating Agent, UK Seung Chemical Co., Ltd., Korea Color & Chemical Co., Ltd., and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The market for organic pigments is being driven by the condition for rich and durable colours in automobile finishes and architectural paints. The need for organic pigments is derived from the desire for printed goods to have more vibrant colours and improved aesthetics as well as growing competition in the printing ink market. This is because of their versatility and compatibility with a variety of materials, organic pigments are being utilized in these industries more and more. The market as a whole is expanding due in part to the rising demand for cosmetics containing safe and bright colours.
Restraining Factors
Compared to inorganic pigments, the synthesis of organic pigments is more complicated and requires specialist equipment, which raises production costs. Hazardous chemicals and solvents may be used in the manufacturing process, which could pollute the environment and make waste disposal difficult. Cleaner production technologies, which can be expensive, are being adopted by businesses as such of stricter environmental restrictions and growing awareness of sustainability. In some applications, the growth potential of organic pigments is limited by the cheaper alternative provided by inorganic pigments.
Market Segmentation
The South Korea Organic Pigments Market share is classified into type and application.
- The azo pigments segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea organic pigments market is segmented by type into azo pigments, phthalocyanine pigments, high-performance pigments, and others. Among these, the azo pigments segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The affordability and adaptability, Azo Pigments which are prominent for their brilliant colours and superior lightfastness have made a significant impact on the ink and coating sectors. The rising demand in the textile and plastics industries, where colour stability and quality are essential, boosts this market sector.
- The paints & coatings segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea organic pigments market is segmented by application into paints & coatings, printing ink, textile, plastic & rubber, and others. Among these, the paints & coatings segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Paints and coatings are especially important since they are used in industrial and architectural applications and are derived by the expanding building industry.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea organic pigments market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Hyosung Chemical Corporation
- Lotte Chemical Corporation
- Kumho Petrochemical Co., Ltd.
- OCI Company Ltd.
- KCC Corporation
- Kyung Shin Trading Inc.
- DRC Coloring
- FEWM Co., Ltd.
- Atometal (Am-C) Coating Agent
- UK Seung Chemical Co., Ltd.
- Korea Color & Chemical Co., Ltd.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea organic pigments market based on the below-mentioned segments:
South Korea Organic Pigments Market, By Type
- Azo Pigments
- Phthalocyanine Pigments
- High-Performance Pigments
- Others
South Korea Organic Pigments Market, By Application
- Paints & Coatings
- Printing Ink
- Textile
- Plastic & Rubber
- Others
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