Plastic Pigments Market Size, Share Report, Analysis, Trends, Growth 2032

Plastic Pigments Market: Industry Perspective 

The global Plastic Pigments market size accrued earnings worth approximately USD 15.25 Billion in 2023 and is predicted to gain revenue of about USD 23.87 Billion by 2032, is set to record a CAGR of nearly 5.1% over the period from 2024 to 2032. The study includes drivers and restraints for the Plastic Pigments market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Plastic Pigments market on a global level.

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Plastic Pigments Market Overview

Pigments are a cluster of colored chemical compounds, which absorb the white light of a selective 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. Organic pigments contain carbon content and metallic compounds. Inorganic pigments are generally composed of metallic salts. As compared to organic pigments, the particle size of inorganic pigments is larger. Pigments help to enhance various properties of substances, such as hiding power, light and weather fastness, opacity, heat stability, and tinting strength.

Plastic Pigments Market Growth Dynamics

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.

In order to give the users of this report a comprehensive view of the Plastic Pigments market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launches, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolios of various companies according to regions.

Plastic Pigments Market: Report Scope

The study provides a decisive view of the Plastic Pigments market by segmenting the market based on Type, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By type, the global plastic pigments market is segmented into organic and inorganic. By end-use, this global market is categorized into packaging, consumer goods, paints and coatings, and automotive.

By region, 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.

The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Some key players in 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

• Organic
• Inorganic

Global Plastic Pigments Market: End-User Analysis

• Packaging
• Consumer Goods
• Paints and Coatings
• Automotive

Global Plastic Pigments Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa