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


ID: MRFR/CnM/5757-HCR | 140 Pages | Author: Anshula Mandaokar| April 2024

Plastic Pigments Market Overview


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.


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‚ÄĒNorth America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.


Key Players


List of the key companies 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)


Recent Development


In June 2023, BASF announced the launch of its new range of high-performance plastic pigments for use in automotive applications. The pigments are said to offer excellent weatherability, heat resistance, and chemical resistance.

In July 2023, Clariant announced the acquisition of the pigments business of Evonik. The acquisition is expected to strengthen Clariant's position in the plastic pigments market.

In August 2023, Lanxess announced the launch of its new range of sustainable plastic pigments. The pigments are said to be made from renewable raw materials and are designed to meet the growing demand for sustainable plastics.

Intended Audience



  • Plastic Pigments manufacturers

  • Traders and distributors of Plastic Pigments

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories

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.


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.

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.

Segmentation
By Type Organic Pigments Inorganic Pigments Specialty Pigments
Application Packaging Automotive Construction Healthcare Consumer Goods
Key Players
Companies Profiled   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)   The Chemours Company. Chemours (US)
Drivers
Market Driving Forces   High demand for high-performance pigments are driving the plastic pigments market
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