29-Jan-2019 | Zion Market Research
Zion Market Research has published a new report titled “Plastic Pigments Market by Type (Organic and Inorganic) and by End-User (Packaging, Consumer Goods, Paints & Coatings, and Automotive): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global plastic pigments market was valued at approximately USD 10.01 billion in 2018 and is expected to generate around USD 16.32 billion by 2025, at a CAGR of around 7.23% between 2019 and 2025.
Pigments are a cluster of colored chemical compounds, which absorb the white light of a specific wavelength and emit various colors by the process of transmission or reflection. Pigments are utilized to improve and develop the appearance of varied substances. There are mainly two types of pigments: organic and inorganic.
Browse the full “Plastic Pigments Market by Type (Organic and Inorganic) and by End-User (Packaging, Consumer Goods, Paints & Coatings, and Automotive): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/plastic-pigments-market
The global plastic pigments market is likely to be driven by growing product usage in the paints and coatings industry. Plastic pigments are mainly used in paints and coatings to improve the visual and color aesthetics of products. This is another factor that is anticipated to stimulate market growth in the upcoming years. Furthermore, the manufacturing companies are continuously investing in their R&D technologies to improve their production capacities. Plastic pigments exhibit superior attributes and properties that prove to be effective in the automobile industry. Plastic pigments help in providing brilliant luster, reduce opacity and reflection, and enhance orientation, overall appearance, and durability of the interior and exterior parts of automobiles. Thus, the demand for plastic pigments in the automotive sector is likely to further boost the global plastic pigments market in the future. However, the stringent rules and regulations regarding sustainability might hamper the global plastic pigments market in the upcoming years.
By type, the global plastic pigments market is segmented into organic and inorganic. The inorganic segment is expected to dominate the market globally in the years ahead, due to their cost-effectiveness and extensive utilization in a diverse range of industries, such as powder coatings, coil coatings, industrial coatings, architectural coatings, etc. By end-use, this global market is categorized into packaging, consumer goods, paints and coatings, and automotive. The packaging segment is expected to dominate the market globally in the years ahead, due to its wide usage in a diverse range of color shades to enhance the attractiveness of packaged goods.
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa comprise the regional segment of the global plastic pigments market. Europe held a major revenue share of the global plastic pigments market in 2018 and is expected to continue with its regional authority in the upcoming years as well. This can be attributed to the rising demand for plastics pigments by the paints and coatings industry for luxury cars and sports cars. North America is expected to provide significant opportunities for the global plastic pigments market, owing to the need for inorganic pigments in buildings and other infrastructural projects. Inorganic pigments protect buildings against dampness, bad weather conditions, fungi, corrosion, etc.
Some key players of the global plastic pigments market are BASF SE, DIC Corporation, ALTANA, Huntsman Corporation, LANXESS, Chemours, Heubach, Tronox, Ferro, and Pidilite Industries Limited, among others.
This report segments the global plastic pigments market into:
Global Plastic Pigments Market: Type Analysis
Global Plastic Pigments Market: End-User Analysis
Global Plastic Pigments Market: Regional Analysis
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651