The Global Plastic Pigment Market size is projected to grow from USD 2.5 billion in 2021 to XX billion by 2028, at a CAGR of 4.1%. The key drivers for the growth of this industry are the increasing demand for plastics in packaging applications and the development of new pigments that can be used in other industries such as automotive and building & construction.
Plastic Pigment is a type of colorant that is used to make plastics, rubber, and linoleum more colorful. The pigments are dissolved in the plastic material before being molded or extruded into various shapes. Plastic can be made white by adding titanium dioxide or zinc oxide as an agent for whitening; other colors may also be added depending on the desired effect. Pigmented plastics are employed extensively in everyday items such as food packaging, Tupperware containers, toys, toothbrushes, and soap dispensers among others.
On the basis of Types, the market is segmented into Inorganic Pigment, Organic Pigment.
The inorganic pigments are made from a variety of minerals like barium sulfate or titanium dioxide which provides them with different properties such as light-reflecting abilities or opacity. Unlike organic pigments, they need to be suspended in water because there is no solubility for this type of pigment hence increasing their cost compared to other types. The main application for these colors would be found in packaging applications where durability is key since it will not deteriorate over time when exposed to UV rays.
Organic pigments are derived from natural origin materials and have certain advantages over inorganic pigments. Organic pigment is made of renewable resources like oils, animal or plant fats which makes them more environmentally friendly than other types of colorants. It also means that at the end of their service life they can be recycled with no toxic waste products created as a by-product during production.
On the basis of Application, the market is segmented into Packaging, Consumer Goods, Building & Construction, and Automotive.
The plastic pigment is used in packaging as colorant for a variety of products such as milk cartons, beverage bottles, and food containers. It provides an alternative to other additives which are harmful to human health that may be present in the product. The need for plastic pigment has resulted from the increased demand for convenience items where there is less emphasis on color quality or aesthetics than before.
Plastic pigments are used in many consumer goods such as plastic containers, tableware, food packaging, and appliances. They provide color to these products without the use of any dye or pigment that could leach into the product's contents.
Plastic Pigment is a colorant that can be used in the construction industry. It comes in different grades, including for interior and exterior use, as well as paints or coatings. Plastic pigments are mostly found in applications such as paint primers, fillers, and topcoats; textiles finishes; roofing products; window glazing compounds; sealants & adhesives.
In automotive, plastic pigment is used in the exterior and interior parts of automobiles. On the exterior, it is extensively employed for painting vehicles to give them a glossy finish. The major pigments which are used include titanium dioxide (TiO), zinc oxide, and lead-based paints. Some other popular types of paint finishes include satin finish, matte or low gloss finish, etc.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is anticipated to hold the major share of Plastic Pigment in 2028. The long-term growth is attributed to the rise in demand for plastic pigment owing to its application in the automotive and packaging sectors.
The key driving factors for the growth of this market are the rise in the demand for plastic pigments because of their durability and low maintenance. This also reduces the cost to produce items such as plastics, paints, textiles, graphic arts, paper coating, etc., which leads to a decrease in production costs and an increase in profit margins.
Up Market Research published a new report titled “Plastic Pigment Market research report which is segmented by Types (Inorganic Pigment, Organic Pigment), By Applications (Packaging, Consumer Goods, Building & Construction, Automotive), By Players/Companies Clariant, BASF, DIC, Huntsman, Cabot, LANXESS, PolyOne, Chemours, Heubach, Tronox, Ferro”.
|Report Attributes||Report Details|
|Report Title||Plastic Pigment Market Research Report|
|By Type||Inorganic Pigment, Organic Pigment|
|By Application||Packaging, Consumer Goods, Building & Construction, Automotive|
|By Companies||Clariant, BASF, DIC, Huntsman, Cabot, LANXESS, PolyOne, Chemours, Heubach, Tronox, Ferro|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||204|
|Number of Tables & Figures||143|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Inorganic Pigment, Organic Pigment and By Application Packaging, Consumer Goods, Building & Construction, Automotive.
Some of the companies that are profiled in this report are:
Plastic Pigment Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Plastic Pigment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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