Plastic Pigments Market Size Worth USD 16.82 Billion at CAGR of 6.8%, by 2027

Increasing focus on enhancing aesthetic appeal in the packaging and automotive industry is stimulating market growth.

Market Size – USD 9.87 billion in 2019, Market Growth - CAGR of 6.8%, Market Trends – Rapid industrialization in developing countries.

The Global Plastic Pigments Market size is forecast to reach USD 16.82 billion from USD 9.87 billion in 2019, delivering a CAGR of 6.8% through 2027, according to a new report by Reports and Data. The market growth is driven by the growing demand for high-performance pigments, the increasing significance of aesthetics in packaging, along with rapid industrialization in emerging economies.

The plastic pigments do not only add color but also are vital for enhancing the functionality of products. For instance, carbon black is used as a plastic colorant in automobile bumpers and containers to improve weather resistance. Similarly, the white plastic pigment is used in the back sheets of solar cells for enhancing power generation efficiency by optimally reflecting light inside.

The growing product demand from the paints & coatings industry will favor industry growth. Plastic pigments are primarily used in paints & coatings to improve the color aesthetics and visuals of the products. Plastic pigments exhibit superior attributes that are quite effective in the automobile sector as well. Utilization of these pigments in automotive reduces opacity, brings out brilliant luster, enhances reflection, orientation, overall appearance, along with supplementing durability of the exterior and interior parts of automobiles. The expansion of the automobile sector, majorly in the developing economies, will boost plastic pigments market share. 

Increasing investments by manufacturing in R&D technologies to improve product quality as well as their production capacities, will foster plastic pigments market revenue share through 2027.

Key participants in the global plastic pigments market are BASF SE, Dic Corporation, Clariant, Cabot Corporation, Tronox, Ferro Corporation, Heubach, Eckart GmbH, Dominion Color Corporation, and Sudarshan Chemical Industries, among others.

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Further key findings from the report suggest

• Based on product type, the organic plastic pigments segment is estimated to witness the fastest growth rate of 7.2% through 2027 due to stringent government regulations across the globe regarding sustainability.
• The inorganic plastic pigments segment accounted for the majority of the plastic pigments market share in 2019 and is projected to witness a CAGR of 6.7% over the analysis period. The robust growth can be attributed to the exceptional durability and low costs or inorganic plastic pigments.
• Based on application, the automotive sector accounted for revenue generation of USD 1.19 Billion in 2018 and is likely to exhibit a growth rate of 7.1% through on account of extensive usage of polyurethane coatings for both automotive interiors and exteriors. In addition, the cost-effectiveness of the solutions will further boost product demand over the coming years.
• The packaging industry is estimated to be the fastest-growing end-user of plastic pigments over the analysis period. The robust growth can be attributed to the extensive usage of plastic packaging in food & beverage, cosmetics, healthcare, and other consumer goods.
• In the regional landscape, the Asia Pacific region is likely to contribute significantly to the global plastic pigments market revenue share, exhibiting a growth rate of 7.3% through 2027. The growth can be attributed to the expansion of various end-user industries, including automotive, packaging, and cosmetics, among others.
• North America is set to witness a substantial growth rate of 6.3% through 2027 on account of the growing demand for organic plastic pigments from various end-use verticals. Europe is forecast to register a growth rate of 6.8% through 2027 due to high product demand from the automotive industry.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/plastic-pigments-market

For the purpose of this report, Reports and Data has segmented the Global Plastic Pigments Market on the basis of product type, sales channel, application, and region:

Product Type Outlook (Revenue, USD Million; 2017-2027)

Organic Plastics Pigments
Polycyclic
Azo (Mono- and Di-)
Metal Complexes
Inorganic Plastic Pigments
Titanium Dioxide
Carbon Black
Others

Sales Channel Outlook (Revenue, USD Million; 2017-2027)

Direct Sales Channel
Distribution Channel

Application Outlook (Revenue, USD Million; 2017-2027)

Construction
Automotive
Packaging
Consumer Goods
Others

Regional Outlook (Revenue, USD Million; 2017-2027)

North America
Europe
Asia Pacific
Latin America
MEA

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Table of Content:
Highlights of the TOC:
Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Plastic Pigments Market Segmentation & Impact Analysis
    4.1. Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
          4.2.3. Market restraints analysis
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter’s Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis
    4.9. Customer Mapping
Chapter 5. Competitive Landscape
    5.1. Market Revenue Share By Manufacturers
    5.2. Manufacturing Cost Breakdown Analysis
    5.3. Mergers & Acquisitions
    5.4. Market positioning
    5.5. Strategy Benchmarking
    5.6. Vendor Landscape

Continue……

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