The market size of plastic pigments is estimated at USD 10.7 billion in 2021 and is projected to reach USD 14.10 billion by 2030, at a CAGR of 7.8% from 2021 to 2030. Plastic pigments are can be organic or inorganic particles that are added to the polymer base to give a certain color to the plastic. The market of plastic pigments has been categorized into two types first is the organic segments and the inorganic segments. The faster-growing segment in the market is the organic segment during the forecast periods on the other hand inorganic segment is the larger type owing to its low cost. The inorganic pigment has better resistance to the sunlight and the chemicals. The market for inorganic pigment is increasing due to their superior opacity and durability, and they also do not bleach out of plastic.
The global market of plastic pigments is one of the largest markets all over the world. The end-use industry of the plastic pigments market has been segmented into packaging, consumer goods, automotive, building and construction, and others. It is one of the fastest-growing industries, and these pigments are used in various sectors, such as food and beverage, healthcare, and other consumer goods due to the increasing use of plastic in these industries.
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.
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.
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)
| Report Attribute/Metric | Details |
| Market Size | 2030: Significant Value |
| CAGR | Substantial CAGR (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, application, and region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | 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) |
| Key Market Opportunities | Increasing demand for high performance pigments among the plastic producers and compounders. |
| Key Market Drivers | High demand for high-performance pigments are driving the plastic pigments market. |
Plastic Pigments Market Highlights:
Frequently Asked Questions (FAQ) :
Organic, Inorganic, and Specialty Pigments are the main types of plastic pigments.
Packaging, construction, automotive, healthcare, and consumer goods are the major applications of plastic pigments.
Based on type, the inorganic pigments segment and based on application, the packaging segment account for leading shares in the global plastic pigments market.
Asia Pacific holds the largest share in the global Plastic pigments market, followed by North America and Europe, respectively.
Heubach GmbH (Germany), BASF SE (Germany), Clariant (Switzerland), DIC CORPORATION (Japan), Sudarshan Chemical Industries Limited (India), Atul Ltd (India), Mazda Colours Ltd.(India), Lanxess (Germany), Tronox Limited (US), and The Chemours Company (US), are some of the major players operating in the plastic pigments market.
The market size of plastic pigments is estimated at USD 10.7 billion in 2021 and is projected to reach USD 14.10 billion by 2030, at a CAGR of 7.8% from 2021 to 2030.
$14.10 Billion
7.8%
Asia-Pacific
2021-2030
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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