Plastic Pigments Market Overview
Plastic Pigments are insoluble inorganic or organic particles added to the polymer base to give a desired color to the plastic or functional benefits the plastic. Plastic pigments which are organic in nature are difficult to disperse and tend to form clumps of pigments particles (agglomerates). This agglomerates can cause specks and spots in the final product.
Unlike the organic plastic pigments, inorganic plastic pigments such as carbon black, Metal oxides and sulphides, and others get more easily dispersed in the resin. Titanium dioxide is one of the prominent inorganic plastic pigments use in several applications.
Plastic pigments finds the number of applications in several major end use industries such as packaging, automotive, and others. With the rapid industrialization and significantly growing end use industries across the globe, demand for plastic pigments are witnessing upward trend from the past few years. And it is expected to witness a growth in terms of production as well as consumption in near future.
Plastic Pigments Market: Market Dynamics
Significantly growing end use industries of plastic pigments bolstering the demand for plastic pigments. Prominent manufactures of plastic pigments are currently focusing on the expansion of its production facility in order to meet the increasing demand from the end use industries.
Packing industry is one of the prominent consumer of plastic pigments, high demand for packaging in developing countries and emerging markets is leading to the increasing consumption of plastic pigments. Growing significance of aesthetics in packaging assisting the adoption of plastic pigments in packaging industry.
Automotive industry also a prominent consumer of plastic pigments. Color is a key element of product design in the automotive industry, and Plastics are crucial for the exterior and interior design of many of today’s cars hence the demand for plastic pigments is increasing continuously among car manufacturer.
In the plastic pigments market, environmental regulations are the major restrictions. Manufacturers are focusing strongly on the development of manufacturing technologies in order to develop an environment friendly product.
Global Crisis: Impact of Covid-19
The global COVID-19 epidemic has impacted badly in the various countries across the globe. In the current scenario, the number of coronavirus cases have witnessing a upward trend in several countries and there are no substantial measures to counter the worldwide epidemic.
While several countries are able to control the virus up to some extents.Covid-19 has some serious impact on the global plastic pigments market. The demand for plastic pigments are witnessing a significant drop from the several end use industries, especially from the automotive industry.
As the production of vehicles are on hold in several highly impacted countries such as U.S., Brazil, and India, demand for plastic pigments are highly impacted from this industry.
Plastic Pigments: Regional Outlook
Asia Pacific is expected to be a prominent and dominant market for plastic pigments. Several countries such as China, India, Japan, South Korea, and ASEAN countries are propelling the demand for plastic pigments. Growing automotive, and packaging industry along with the rapid industrialization in the region is the key factor driving the growth of plastic pigments market.
Europe is the fastest growing market of plastic pigments, growing demand from automotive industry and consumer goods are the prominent driving factors for plastic pigments market in this region. North America is a significant market in terms of production as well as the consumption of plastic pigments.
Several prominent manufacturers of plastic pigments are located in U.S., and they have a significant global presence. Latin America, and Middle East & Africa are expected to witness a substantial growth during the forecast period, owing to steadily growing end use industries in this region.
Plastic Pigments: Market Participants
Some of the key participants identified in the global Plastic Pigments Market includes BASF SE, Huntsman, DIC, Cabot, Chemours, LANXESS AG, Tronox, and others. The Plastic Pigments research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The Plastic Pigments research report provides analysis and information according to market segments such as geographies, product type, application, aircraft brake type, and sales channel.
The Plastic Pigments report covers exhaustive analysis on
- Plastic Pigments Market Segments
- Plastic Pigments Market Dynamics
- Plastic Pigments Market Size
- Supply & Demand of Plastic Pigments
- Current Trends/Issues/Challenges in Plastic Pigments Market
- Plastic Pigments Competition & Companies involved
- Plastic Pigments Technology
- Plastic Pigments Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The Plastic Pigments market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Plastic Pigments market report also maps the qualitative impact of various market factors on market segments and geographies.
Plastic Pigments Market: Market Segmentation
The global Plastic Pigments market can be segmented by product type, end use, and region.
Product Type :
- Organic Pigments
- Phthalocyanine Pigments
- High-Performance Pigments
- Inorganic Pigments
- Iron Oxide Pigments
- Titanium Dioxide
- Chromium Oxide
- Carbon Black
End Use :
- Building & Construction
- Consumer Goods
- Others ( Electronics, Healthcare)
- North America
- Latin America
- South Asia & Pacific
- East Asia
- Middle East & Africa