Market Overview:
Pigments are colored powders which is used to impart color on various substrates such as paper and plastics. In general, plastic pigments can be defined as the coloring agent which is used to increase the overall aesthetics of the plastic products. Plastics are being widely adopted in an array of end-use industries over the traditional materials due to its properties such as lightweight, strength, and corrosion resistance among others. Hence, the increasing use of plastics among the various end-use industries such as building and construction, automotive, packaging and others is expected to drive the demand for plastic pigments.
The global demand for plastic pigments is driven by the increasing demand for high performance pigments among the plastic producers and compounders across the globe. Polyvinyl Chloride (PVC) is one of the widely used plastic for an array of applications such as pipes, windows, roof profiles, and others. For uniform and efficient coloring of PVC, the compounders and producers opt for micro granulated pigments with properties such as dust free, good flowability, and custom-made solutions that are in synergy with the PVC compounders, which is expected to drive the plastic pigment market demand from supply side.
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Key Players:
BASF SE
Heubach GmbH
Clariant
DIC CORPORATION
Lanxess
Mazda Colours Ltd
The Chemours Company
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.
Segmentation:
The Global Plastic Pigments Market has been segmented by type, application, and region.
Based on type, the market has been segmented into organic, inorganic, and specialty pigments. Organic pigments are further sub-divided into azo, phthalocyanine, and others. Inorganic pigments are further sub-divided into titanium dioxide, iron oxide, carbon black, chromium compounds, and others.
Based on application, the market has been segmented into packaging, automotive, building and construction, healthcare, consumer goods and others. Packaging has been further sub-segmented into food, medical, and others.
The Plastic Pigments market has been studied with respect to five regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Intended Audiences:
- Plastic Pigments manufacturers
- Traders and distributors of Plastic Pigments
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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