Global Plastic Pigment Market: Overview
Significant rise in plastic packaging has fueled demand in the global plastics pigment market. Growing application of plastics in consumer goods, building & construction, automotive, and other industries has further provided a fillip in this market. Moreover, increasing demand for high performing pigments is also projected to expand growth for plastic pigments. Increasing application of plastic pigments in various industries including building and construction, consumer goods packaging, automotive, and consumer goods further surged demand for plastic pigment.
The global plastic pigment market is expected to be categorized on the basis of type and end-use industry. Based on type of pigments, the plastic pigment market is likely to be bifurcated into inorganic and organic pigments. Inorganic pigment is further segmented into chromium oxide and iron oxide pigments. Organic pigment in further segmented into high-performance pigments, phthalocyanine pigments, and others.
The report consists of trends, opportunities, and restraints that drives and obstruct growth in the global plastic pigment market. It also provides information about the competitors and the strategies used by them. Regional analysis along with its growth rate is also provided in the report. All this information will help the key players to take well-informed decisions.
Global Plastic Pigment Market: Trends and Opportunities
Increasing significance of aesthetics in packaging is the factor driving demand in the global plastic pigment market. Technological advancements taking place in developing pigments is also expected to fuel growth in this market. Adding further to the growth factors is higher resistance to various chemicals, heat stability, and excellent light fastness increased usage of organic pigments. This factor will increase overall demand in this market.
However, fluctuating raw material prices and increasing environmental concerns are expected to challenge growth in the global plastic pigment market. Moreover, regulations related with plastics recycling might also obstruct growth in the global plastic pigment market in long run.
Global Plastic Pigment Market: Geographic Analysis
On the regional front, the global plastic pigment market provides information on North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these regions, Asia Pacific is expected to hold larger share in the global plastic pigment market over the projected period. China is considered as the largest regional market in the Asia Pacific plastic pigments market. Significant rise in the plastics packaging industry is the major factors driving demand in this market. Rapid industrialization and growing preference for plastic goods over heavy metal products might further accelerate demand for plastic pigments. Moreover, plastic products are more cost effective and are lightweight thus, fueling growth in the global plastic pigments market.
Global Plastic Pigment Market: Companies Mentioned
Leading players in the global plastic pigment market are focusing on various organic and inorganic growth strategies to strengthen their position in the market. These players are investing research and development activities, expansion, mergers and acquisitions, and collaborating with smaller companies operating in similar market. For instance, Clariant collaborated with Lintech International to increase its control in regional market in the United States. This partnership will increase sales and provide logistic services provided by Clariant in the U.S. market.
Other prominent players in the global plastic pigment market are BASF, Tronox, DIC, Cabot, LANXESS, Chemours, Huntsman, Heubach, and Ferro.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.