Plastic Pigments Market Comprehensive Analysis and Forecast 2023 to 2028

Markntel Advisors’ report, Plastic Pigments Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Plastic Pigments presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Plastic Pigments Market Research Report & Market Summary:

The Global Plastic Pigments Market size is valued at around USD 15.41 billion in 2024 and is projected to grow at a CAGR of around 6.9% during the forecast period, i.e., 2023-28, due to the expanding automotive industry. These pigments are the colorants that are used to provide colors to the plastics and come in both liquid & powder formats. In automotive, lightweight & durable materials are high in demand as they can help in improving fuel efficiency & enables better performance. Plastic-based automotive parts such as the bumper & dashboard require these pigments to make the overall look of the vehicle different & attractive. There is a growing inclination towards electric vehicles among consumers, as a result, the demand for e-vehicles is gradually growing, further propelling the need for these pigments in the coming years.

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Plastic Pigments Market Dynamics:

Key Driver-

Expansion of Automotive Industry to Augment the Market Growth - There is an increasing demand for lightweight materials in the automotive industry, as they can help reduce the weight of vehicles & improve fuel efficiency. Plastic pigments are used to produce lightweight plastic components that are utilized in automobiles for bumpers, dashboards, and door panels. The automotive industry is increasingly focusing on the customization of automotive components to differentiate its products from competitors. These pigments offer a wide range of color options, which can help manufacturers create customized parts attracting customers.

Moreover, many countries, like China, the US, Japan, Germany, etc., are experiencing a surge in automobile production due to ascending demand & expanding government support. Hence, this surge in automobile production across the globe is significantly contributing to the requirement for plastic pigments. Furthermore, the demand for electric vehicles is advancing rapidly, which can boost the need for these pigments. Hence, plastic components are used extensively in the production of electric vehicles, therefore their demand is expected to supplement in the coming years.

Plastic Pigments Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Type

Organic
- Phthalocyanine Pigments
- High-Performance Pigments
Inorganic
- Titanium Dioxide
- Iron Oxide Pigments
- Chromium Oxide
- Carbon Black
- Cadmium Pigments

Organic plastic pigments are made from carbon-based molecules & offer a broader range of color options, improved durability, and better lightfastness compared to inorganic pigments. They are widely used in various applications, including automotive coatings, packaging, and textiles.

By End User

Packaging
- Food & Beverage Packaging
- Consumer Goods Packaging
- Healthcare & Pharmaceutical Packaging
Building & Construction
Consumer Goods
Automotive
Others (Healthcare, Textiles, Electronics, etc.)

Here, the Packaging Industry has played a significant role in supporting the growth of the market globally. Plastic pigments are widely used in the production of packaging materials such as films, bags, bottles, and containers.

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

Among all the regions, North America holds the leading share of the Plastic Pigments Market, mainly due to the extensive presence of end-user groups such as automobiles, construction, and healthcare, among many others.

As indicated in the latest market research report published by Markntel Advisors, “Plastic Pigments Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Plastic Pigments industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/global-plastic-pigments-market.html

Top Companies Operating in the Plastic Pigments Market:

Venator Materials Plc
BASF
DIC Corporation
LANXESS
Ferro Corporation
Cabot Corporation
Clariant
Chemours
Kronos Worldwide Inc.
Heubach GmbH
Tronox
Others.

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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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