Plastic Pigments Market Research Report – Global Forecast till 2030

Plastic Pigments Market: Information by Type (Organic Pigments, Inorganic Pigments, and Specialty Pigments), Application (Packaging, Automotive, Construction, Healthcare, Consumer Goods), and Region (Asia-Pacific, North America) — Forecast till 2030

ID: MRFR/CnM/5757-HCR | February 2021 | Region: Global | 140 pages

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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.


The demand side drivers of global plastic pigments market include the increasing demand for plastics in the various end-use industries such as packaging, automotive, building and construction, consumer goods and others. For instance, plastics are the most sought out choice of packaging material for an array of packaging applications in industries like food and beverage, healthcare, and personal care among others. In order to differentiate the product in the shelf and to increase the aesthetics of packaging more vibrant colors are used in the plastics packaging to attract consumers, which is expected to drive the demand for plastic pigments in packaging application. Also, the increasing consumption of packaged food products due to improved shelf life and convenience is driving the demand for packaging materials in the food and beverages industry, which is expected to fuel the demand for plastic pigments during the forecast period.


Additionally, increasing use of plastics in the automotive and construction due to the various advantages of plastics such as lightweight, handling and other properties is expected to fuel the demand for plastic pigments during the forecast period.


Amidst the growing the demand the various factors such as fluctuations in raw material prices and stringent environmental regulations on use of pigments are expected to hamper the market growth during the forecast period.


Global Plastic Pigments Market Share, by Application, 2017 (%)


Plastic Pigments Market


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.


Key Players


Some of the key players in the global plastic pigments market are 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)


Intended Audience



  • Plastic Pigments manufacturers

  • Traders and distributors of Plastic Pigments

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   Substantial CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022Β toΒ 2030
  Historical Data   2019Β &Β 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.


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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.