Resin Pigments Market Insights | Global Mr Insights

Resin Pigments Market Insights – Industry Growth and Future Outlook by 2031

Report ID: GMRI0009 | Published Date: Feb 2021 | Report Format: PDF

Price : $3549

Resin Pigments Market Outlook (2021–2031)

The global resin pigments market was valued at approximately USD 2,281.1 million in 2021 and is projected to reach around USD 4,445.5 million by 2031, growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period. In 2020, the market generated revenues of USD 2,254.1 million, with a year-over-year (Y-o-Y) growth rate of 1.2% expected in 2021.

The resin pigments market is categorized based on type, source, and end-use industries. Each of these categories is further segmented to offer detailed insights, helping businesses refine their offerings, enhance competitiveness, and capture a larger market share.

The global resin pigments market is witnessing steady growth, primarily fueled by rising demand in sectors such as construction, automotive, and consumer goods, where high-performance, vibrant color applications are essential. Resin pigments are extensively used in materials like epoxy resins, plastics, and paints, owing to their enhanced UV resistance, chemical durability, and flexibility in customization. The market’s momentum is further supported by increasing urban development and eco-friendly innovation.

Asia-Pacific, particularly countries like China and India, dominates the global market due to rapid industrial expansion and a booming automotive sector—contributing to nearly 40% of the worldwide demand. Government backing for sustainable pigment solutions and consumer inclination towards aesthetically appealing products are additional growth drivers.

The competitive environment includes both major global corporations and smaller niche producers. Leading companies such as Harima Chemicals Group Inc., Puyang Shenghong Chemical Co. Ltd., Clariant, and BASF SE focus on innovation, quality, and strong brand presence to maintain market share. These players leverage broad distribution channels and product diversity to stay ahead.

Over the forecast period, the industry is expected to see significant growth, with projections indicating a value increase of approximately 1.9 times the current market, creating a revenue opportunity of nearly USD 2.16 billion by 2031.

Market Growth Drivers

The demand surge in paints & coatings, plastics, and textiles is a major contributor to market expansion. Resin-based colorants are particularly favored in packaging applications due to their durability and vibrant finish, boosting demand from the plastics sector. Additionally, resin pigments are increasingly used in printing inks and electronics, creating new revenue streams for manufacturers.

Emerging Trends

Key players are heavily investing in R&D and technological advancements to strengthen their market position. For instance, Harima is leveraging its deep technical expertise to develop specialized resins for printing inks, adhesives, and synthetic rubbers. These innovations are expected to elevate product performance and increase adoption across multiple sectors.

North America Outlook

In the U.S. and Canada, growth is driven by infrastructure development and increased construction activity. Resin pigments are also gaining traction in printing inks and plastic-based packaging for industries like food, cosmetics, and healthcare. According to the U.S. Census Bureau, construction spending exceeded USD 1.56 trillion in mid-2021, indicating strong demand potential.

Europe Outlook

European demand is rising due to innovations in resin-based flexible packaging and a growing preference for sustainable pigment solutions. Brands like COLORBERRY have introduced eco-conscious pigment pastes tested to ASTM standards, supporting market growth. R&D by resin pigment manufacturers is also fueling sector advancement.

Key Manufacturers

Prominent names shaping the resin pigments industry include:

Harima Chemicals Group Inc.
Puyang Shenghong Chemical Co. Ltd.
Qingdao Sanhuan Colorchem Co. Ltd.
Maeda Industrial Chemicals Co. Ltd.
CBC Co. Ltd.
NIHON KOKEN KOGYO CO. LTD.
Sargon Chem
OTALITE Co. Ltd.
Clariant
BASF SE

This analysis integrates both qualitative insights and quantitative data collected from industry experts and participants across the value chain. It provides a comprehensive understanding of market dynamics, segment-specific trends, and the impact of macroeconomic factors across different geographies.

AI and Machine Learning Integration, American Marketing Association (AMA), Associate Consultant, Associate Partner (Consulting), Brand Awareness/Perception Studies, Branding Research, Case Studies, Competitor Analysis, Competitor Research, Comprehensive Approach, Consultant, Consulting/Consultancy, Consistency and Brand Alignment, Cost-Effectiveness, Council of American Survey Research (CASRO), Customer Journey Maps (CJM), Customer Research, Customer Understanding, Data Analysis, Data Collection, Digital Transformation Consulting, Director of Market Research, Economic Consulting, Efficiency, Enhanced Decision-Making, ESG (Environmental, Social, Governance) Consulting, ESOMAR, Exploratory Research, Financial Advisory, Flexible Models and Specialization (Consulting), Human Element (Consulting), Human Resources (HR) Consulting, Implementation Consulting, In-house Market Research Capabilities, Insights Analyst, Insights Generation, Integrated Services, Intern (Consulting), IT/Technology Consulting, Manager (Consulting), Market Research, Market Research Analysts, Market Research Reports, Market Segmentation Reports, Marketing Data Analyst, Marketing Research Association (MRA), Observational Research, Optimized Resource Allocation, Partner (Consulting), Personalized Solutions (Consulting), Primary Research, Problem Solving, Product Research, Product Research Analyst, Qualitative Research, Qualitative Research Assistant, Qualitative Research Consultants Association (QRCA), Quantitative Research, Real-Time Data Analytics, Remote Work (Consulting), Risk Consulting, Risk Reduction, Secondary Research, Senior Associate Consultant, Senior Manager (Consulting), Social Media Listening, Specific Research, Strategic Plans, Strategy Consulting, Sustainability Consulting, SWOT Analysis, Target Market/Audience.

1. Executive Summary

2. Industry Introduction, including Taxonomy and Market Definition

3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments

4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections

5. Pricing Analysis

6. Global Market Analysis and Forecast

6.1. Type

6.2. Source

6.3. End Use Industry

7. Global Market Analysis and Forecast, By Type

7.1. Liquid Pigments

7.2. Powder Pigments

8. Global Market Analysis and Forecast, By Source

8.1. Natural/Organic

8.2. Synthetic

9. Global Market Analysis and Forecast, By End Use Industry

9.1. Printing Inks

9.2. Paints & Coatings

9.3. Plastics

9.4. Textiles

9.5. Cosmetics

9.6. Food

9.7. Others Applications

10. Global Market Analysis and Forecast, By Region

10.1. North America

10.2. Latin America

10.3. Western Europe

10.4. Eastern Europe

10.5. Asia Pacific

10.6. Japan

10.7. Middle East and Africa

11. North America Sales Analysis and Forecast, by Key Segments and Countries

12. Latin America Sales Analysis and Forecast, by Key Segments and Countries

13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries

14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries

15. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries

16. Japan Sales Analysis and Forecast, by Key Segments and Countries

17. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries

18. Sales Forecast by Type, Source, and End Use Industry for 30 Countries

19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard

20. Company Profile

20.1. Harima Chemicals Group Inc.

20.2. Puyang Shenghong Chemical Co.Ltd.

20.3. Qingdao Sanhuan Colorchem CO. LTD

20.4. Maeda Industrial Chemicals CO. LTD

20.5. NIHON KOKEN KOGYO CO. LTD.

20.6. CBC Co. Ltd.

20.7. Sargon Chem

20.8. OTALITE Co. Ltd.

20.9. Clariant

20.10. BASF SE and among others.

Report Research Methodology

At our global market research firm, we use advanced analytical tools and methodologies to deliver precise, data-driven insights. Our experienced analysts provide comprehensive research reports equipped with actionable strategies that can generate measurable business outcomes. We use a combination of top-down and bottom-up approaches to examine the market from multiple perspectives.

This dual approach allows for thorough segmentation and enables a deep-dive analysis of each individual market segment.

We also adopt data triangulation methods to cross-validate data from various sources. This ensures our clients receive well-rounded, accurate market insights. The key elements of our research methodology include:

Exploratory Data Mining

We begin with an extensive data collection process, gathering raw information that is rigorously filtered to retain only what is relevant. This filtered data is verified for authenticity before being used further. In addition to new data, we also integrate validated insights from our internal database of previous reports and research studies.

Our extensive in-house data repository, along with access to reliable paid databases, forms the foundation for robust research outputs.

Market Landscape Understanding

To gain a holistic view of the market, we analyze both historical data and current trends. Our sources include industry stakeholders such as distributors and suppliers, in addition to credible government portals and official reports.

We also utilize qualitative inputs such as journal publications, survey responses, and customized questionnaires. Emphasis is placed on analyzing key industry dynamics like drivers, restraints, and economic factors. All collected data undergoes stringent validation and is refined using best-in-class cross-verification techniques.

Data Collection Matrix

Research Tools & Models

We use simulation-based models and business intelligence (BI) dashboards to deliver real-time statistics and predictive insights. Clients also benefit from our online reporting tools, which offer access to KPIs, brand performance data, and embedded analytics.

Our research models are tailored based on each client's unique needs. The datasets include market dynamics, technological developments, pricing trends, and application landscapes, all of which feed into forecasting models.

We provide both short-term econometric analysis and long-term technology market forecasts, helping clients seize emerging opportunities. By comparing variables like technological advancement, product innovation, and capital flow, we can assess their impact over the forecast period.

Our analysts apply correlation, regression, and time-series analysis to provide reliable business forecasts. They also account for external factors such as regulatory landscapes, technological shifts, and economic indicators.

We analyze demographic data regionally and then consolidate it to provide a “glo-cal” (global + local) perspective. Every report is curated to deliver actionable insights with precision and speed. Our team closely collaborates with clients throughout the research process—from market exploration to strategy execution.

Forecasting Parameters

We assign different weightages to forecasting factors to quantify their influence on market dynamics. This ensures a transparent and measurable projection of market trends. Parameters include:

Key market drivers and restraints, including their current and projected impact
Raw material availability and pricing trends
Regulatory frameworks and expected policy changes
Current and future production capacity through 2027

Primary Validation

The final stage of the research process involves market forecasting and expert validation. In-depth interviews are conducted with senior decision-makers and industry veterans to verify the research assumptions and findings.

We perform face-to-face and telephonic interviews with professionals across the value chain—suppliers, distributors, vendors, and end-users—to ensure unbiased and well-rounded insights. With a multilingual team, we conduct global interviews seamlessly.

These expert interactions enrich our reports with real-world context, enhancing their reliability and credibility. Our trained researchers engage with Key Industry Participants (KIPs), including:

Established market leaders
Raw data providers
Network partners like resellers and distributors
End-user representatives

Objectives of Primary Research

To confirm the accuracy and relevance of collected data
To understand current market conditions and forecast future trends

Industry Analysis Matrix