Plastic Pigments are insoluble inorganic or organic particles added to the polymer base to give a desired color to the plastic or functional benefits the plastic.
Plastic pigments which are organic in nature are difficult to disperse and tend to form clumps of pigments particles (agglomerates). This agglomerates can cause specks and spots in the final product.
Unlike the organic plastic pigments, inorganic plastic pigments such as carbon black, Metal oxides and sulphides, and others get more easily dispersed in the resin. Titanium dioxide is one of the prominent inorganic plastic pigments use in several applications.
Plastic pigments finds the number of applications in several major end use industries such as packaging, automotive, and others. With the rapid industrialization and significantly growing end use industries across the globe, demand for plastic pigments are witnessing upward trend from the past few years.
And it is expected to witness a growth in terms of production as well as consumption in near future.
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Plastic Pigments Market: Market Dynamics
Significantly growing end use industries of plastic pigments bolstering the demand for plastic pigments. Prominent manufactures of plastic pigments are currently focusing on the expansion of its production facility in order to meet the increasing demand from the end use industries.
Packing industry is one of the prominent consumer of plastic pigments, high demand for packaging in developing countries and emerging markets is leading to the increasing consumption of plastic pigments. Growing significance of aesthetics in packaging assisting the adoption of plastic pigments in packaging industry.
Automotive industry also a prominent consumer of plastic pigments. Color is a key element of product design in the automotive industry, and Plastics are crucial for the exterior and interior design of many of today’s cars hence the demand for plastic pigments is increasing continuously among car manufacturer.
In the plastic pigments market, environmental regulations are the major restrictions. Manufacturers are focusing strongly on the development of manufacturing technologies in order to develop an environment friendly product.
Global Crisis: Impact of Covid-19
The global COVID-19 epidemic has impacted badly in the various countries across the globe. In the current scenario, the number of coronavirus cases have witnessing a upward trend in several countries and there are no substantial measures to counter the worldwide epidemic.
While several countries are able to control the virus up to some extents.Covid-19 has some serious impact on the global plastic pigments market. The demand for plastic pigments are witnessing a significant drop from the several end use industries, especially from the automotive industry.
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As the production of vehicles are on hold in several highly impacted countries such as U.S., Brazil, and India, demand for plastic pigments are highly impacted from this industry.
Plastic Pigments: Market Participants
Some of the key participants identified in the global Plastic Pigments Market includes BASF SE, Huntsman, DIC, Cabot, Chemours, LANXESS AG, Tronox, and others.
The Plastic Pigments research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The Plastic Pigments research report provides analysis and information according to market segments such as geographies, product type, application, aircraft brake type, and sales channel.
The Plastic Pigments market report also maps the qualitative impact of various market factors on market segments and geographies.
Plastic Pigments Market: Market Segmentation
The global Plastic Pigments market can be segmented by product type, end use, and region.
product type :
- Organic Pigments
- Phthalocyanine Pigments
- High-Performance Pigments
- Inorganic Pigments
- Iron Oxide Pigments
- Titanium Dioxide
- Chromium Oxide
- Carbon Black
end use :
- Packaging
- Automotive
- Building & Construction
- Consumer Goods
- Others ( Electronics, Healthcare)
region :
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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