Press release
Plastic Pigments Market Size, Share, Latest Trends, Key Manufacturers, Competitive Analysis,Applications, Usage and Types, Regional Outlook from 2019 to 2023
Plastic Pigments Market
Market Segmentation
The global plastic pigments market has been segmented by type, resin, application, and region. Based on type, the market has been segmented into organic, inorganic, and specialty pigments. The demand for organic pigments is expected to grow at a highest CAGR during the forecast period, whereas, the inorganic pigments is expected to account for the largest market share in terms of value and volume.
This can be attributed to the cost advantage of inorganic pigments over organic pigments and its resistive properties against heat and chemicals when used with polymers. Nevertheless, organic pigments are eco-friendlier and offer rich and brighter tonality to the plastic substrate than inorganic pigment. However, organic pigments tend to have low resistivity against heat and chemicals.
Competitive Analysis
BASF SE (Germany), Heubach GmbH (Germany), Clariant (Switzerland), Sudarshan Chemical Industries Limited (India), DIC CORPORATION (Japan), Atul Ltd (India), Lanxess (Germany), Mazda Colours Ltd.(India), Tronox Limited (US), and The Chemours Company. Chemours (US)
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Regional Analysis
Based on region, the plastic pigments market has been classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the largest share of the plastic pigments market on account of the growing end-use industries such as packaging, pharmaceuticals, construction and others. Also, presence of a considerable number of manufacturers is the region is expected to drive the market demand during the forecast period.
North America is a prominent market for plastic pigments due to the increasing adoption of plastics in the construction industry in the region coupled with the prevailing trend of lightweight automotive in the region is expected to boost the demand for plastics, which in turn is expected to drive demand for plastic pigments.
The European market is expected to grow at a considerable rate during the review period. The stringent regulations pertaining to the use of color additives in the medical plastics and surge in demand for automotive plastics is expected to boost the demand for plastic pigments in the region.
The markets in Latin America and the Middle East & Africa are likely to register substantial growth during the review period as a result of the growing industrial base in these regions.
Regional Analysis
The market in Asia-Pacific accounted for the largest share of the plastic pigments market in 2017 and is expected to continue its dominance during the forecast period. This growth can be attributed to the growing packaging industry on account of surging demand for ready-to-eat food products coupled with rising per capita disposable income. Additionally, the increasing infrastructural activities in the region coupled and a growing FMCG market is expected to drive the market for plastic pigments.
Europe is another prominent market for plastic pigments due to the rising demand for plastics in packaging, automotive and medical devices.
The North American market is also expected to grow on account of the expanding packaging industry with the rising demand for packaged food and beverages. Additionally, reviving construction industry with increasing demand for construction plastics is expected to bolster the demand for plastic pigments in the region.
The Latin American market is expected to witness considerable growth due to the growing packaging industry especially in Brazil and Argentina.
The market in the Middle East & Africa is likely to exhibit considerable growth during the review period on account of the rapidly growing construction and packaging industry in the region.
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Intended Audience
Plastic Pigments manufacturers
Traders and distributors of Plastic Pigments
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratories
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Suppliers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Plastic Pigments Market
5 Industry Overview Of Global Plastic Pigments Market
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Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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