Global Plastic Pigments Market Overview
Global Plastic pigments market is projected to reach $ 15 billion by 2024,
growing at a CAGR of 7.5% during the forecast period. High demand for
packaging in emerging countries is leading to increased consumption of
plastic pigments. Growing demand for plastics in automotive industry,
increasing significance of aesthetics in packaging, rising
industrialization in emerging economies and high demand for
high-performance pigments are expected to drive global plastic pigments
market during forecast period.
Based on type,
Global Plastic Pigments Market
has been segmented into inorganic and organic segments. Among these types,
organic pigments segment is expected to register fastest growth in global
plastic pigments market during the forecast period, whereas inorganic
pigments segment is anticipated to dominate the market, owing to its low
cost. Inorganic pigments have better resistance to sunlight and chemicals,
as well as provide superior opacity and durability. They also do not bleach
out of the plastics. Based on end-use industry, plastic pigments market,
globally, can be categorized into packaging, automotive, consumer goods,
building & construction and others.
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Global Plastic Pigments Market Regional Segmentation
Globally, plastic pigments market has been segmented into Asia-Pacific,
Europe, North America, Middle East & Africa and South America.
Asia-Pacific plastic pigments market is anticipated to register highest
growth during the forecast period, owing to growing packaging industry
along with rapid industrialization in the region.
Competitive Landscape
Some of the leading companies operating in global plastic pigments market
are Clariant, BASF, DIC, Huntsman, Cabot, LANXESS, Chemours, Heubach,
Tronox, Ferro, etc.
Some of the leading players in global plastic pigments market are Clariant,
BASF, DIC, Huntsman, Cabot, LANXESS, Chemours, Heubach, Tronox, Ferro, etc.
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TechSci Research performed both primary as well as exhaustive secondary
research for this study. Initially, TechSci Research sourced a list of
leading manufacturers across the globe. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers
which could not be identified due to the limitations of secondary research.
TechSci Research analyzed the product offerings, distribution channels and
presence of all major players operating in global plastic pigments market.
TechSci Research calculated global
plastic pigments market
size using a top-down approach, where data for various end-user segments
was recorded and forecast for the future years. TechSci Research sourced
these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product
types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial
reports were also studied by TechSci Research.