MarkNtel Advisors analyses the growth rate of the Plastic Pigments market in the forecast period from 2023 to 2028. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Plastic Pigments market, helping them make informed decisions.
Market Outlook – 2023-2028:
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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Key Company Profiles
This report explores recent significant developments in the Plastic Pigments Market, focusing on the leading companies and their innovative profiles. The major players in the Plastic Pigments Market, featured in this report, include:
- Venator Materials Plc
- BASF
- DIC Corporation
- LANXESS
- Ferro Corporation
- Cabot Corporation
- Clariant
- Chemours
- Kronos Worldwide Inc.
- Heubach GmbH
- Tronox
- Others
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Plastic Pigments Market to forecast revenues and analyse trends across each of the following sub-markets:
- By Type
- Organic
- Phthalocyanine Pigments
- High-Performance Pigments
- Inorganic
- Titanium Dioxide
- Iron Oxide Pigments
- Chromium Oxide
- Carbon Black
- Cadmium Pigments
- Organic
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.
- By End User
- Packaging
- Food & Beverage Packaging
- Consumer Goods Packaging
- Healthcare & Pharmaceutical Packaging
- Building & Construction
- Consumer Goods
- Automotive
- Others (Healthcare, Textiles, Electronics, etc.)
- Packaging
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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What are the primary factors driving the growth of the Global Plastic Pigments Market?
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.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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