The global plastic pigment market was valued at $11.2 billion in 2022, and is projected to reach $21.8 billion by 2032, growing at a CAGR of 6.9% from 2023 to 2032.
Plastic pigments are colorants made particularly for coloring polymers during manufacturing operations. These pigments are available in various forms such as powders, liquids, or masterbatches, and are incorporated into plastic resins to impart specific colors, effects, and properties to finished plastic products. They play a crucial role in enhancing the aesthetic appeal, brand identity, and functionality of a wide range of plastic items across industries including packaging, automotive, and consumer goods.
Furthermore, growing awareness among consumers and regulatory bodies about the environmental impact of conventional pigments, that often contain heavy metals and other harmful chemicals increases the demand for bio-based pigments. Hence, the industries such as packaging, textiles, cosmetics, and consumer goods are actively seeking sustainable pigment options to align with their corporate social responsibility initiatives and meet stringent environmental regulations.
Moreover, advancements in technology have led to the development of eco-friendly pigments with improved performance characteristics, comparable to their conventional counterparts. These bio-based pigments offer excellent color vibrancy, stability, and versatility while minimizing environmental harm throughout their lifecycle. Thus, surge in demand for eco-friendly and bio-based pigments is expected to drive the growth of the plastic pigments market during the forecast period.
The migration of pigments to the surface of plastic products as a result of heat, UV light, or chemical interactions.. This phenomenon results in several undesirable outcomes. For instance, surface migration leads to the formation of color inconsistencies or streaks on the plastic product's surface, detracting from its aesthetic appeal. In addition, migration compromises the durability and longevity of the color, causing fading, discoloration, or even complete loss of color over time. This is particularly problematic in applications where color retention is critical, such as outdoor signage, automotive interiors, or consumer electronics.
Furthermore, migration of pigments may raise concerns regarding product safety and compliance with regulatory standards, especially if the migrated pigments contain hazardous substances or exceed permissible limits. Thus, migration of pigments to the surface of plastic products limits the growth potential of the plastic pigments market.
Contrarily, innovations in plastic pigment formulations offer substantial growth opportunity for the plastic pigments market. These innovations encompass improvements in chemical composition, particle size, dispersion characteristics, and color potency. Manufacturers have improved color brightness, durability, and resilience to environmental stressors such as UV radiation and temperature variations by refining these ingredients to make pigments.
Furthermore, these advancements have facilitated the development of pigments with tailored properties, meeting specific application needs across diverse industries such as automotive, packaging, construction, and consumer goods. For instance, pigments designed for automotive use may prioritize attributes such as heat resistance and weather durability, whereas those intended for packaging materials might emphasize factors such as food safety adherence and lightfastness. Thus, advancements in plastic pigments formulations are expected to offer lucrative growth opportunities for the expansion of the plastic pigments market during the forecast period.
The global plastic pigments market is segmented into type, end-use industry, and region. Depending on type, the market is bifurcated into inorganic pigments and organic pigments. On the basis of end-use industry, it is classified into packaging, consumer goods, building & construction, and automotive. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global plastic pigments market are Atul Ltd., BASF SE, CLARIANT, DIC CORPORATION, Heubach GmbH, LANXESS, Mazda Colours Ltd, Sudarshan Chemical Industries Limited, The Chemours Company, and Tronox Holdings Plc. Other players include ALTANA AG, Huntsman International LLC, Kronos Worldwide, Inc., Shepherd Color, Venator Materials PLC., and Vibrantz.
Plastic pigments are colorants made particularly for coloring polymers during manufacturing operations. These pigments are available in various forms such as powders, liquids, or masterbatches, and are incorporated into plastic resins to impart specific colors, effects, and properties to finished plastic products. They play a crucial role in enhancing the aesthetic appeal, brand identity, and functionality of a wide range of plastic items across industries including packaging, automotive, and consumer goods.
Increased demand for eco-friendly and bio-based pigments is expected to propel the growth of the plastic pigments market
Increased demand for eco-friendly and bio-based pigments serves as a significant driver of the plastic pigments market. Industries are seeking sustainable substitutes for conventional pigments made from fossil fuels as environmental concerns continue to grow globally. Eco-friendly and bio-based pigments offer a solution by utilizing renewable resources and reducing the carbon footprint associated with pigment production and usage.Furthermore, growing awareness among consumers and regulatory bodies about the environmental impact of conventional pigments, that often contain heavy metals and other harmful chemicals increases the demand for bio-based pigments. Hence, the industries such as packaging, textiles, cosmetics, and consumer goods are actively seeking sustainable pigment options to align with their corporate social responsibility initiatives and meet stringent environmental regulations.
Moreover, advancements in technology have led to the development of eco-friendly pigments with improved performance characteristics, comparable to their conventional counterparts. These bio-based pigments offer excellent color vibrancy, stability, and versatility while minimizing environmental harm throughout their lifecycle. Thus, surge in demand for eco-friendly and bio-based pigments is expected to drive the growth of the plastic pigments market during the forecast period.
The migration of pigments to the surface of plastic products as a result of heat, UV light, or chemical interactions.. This phenomenon results in several undesirable outcomes. For instance, surface migration leads to the formation of color inconsistencies or streaks on the plastic product's surface, detracting from its aesthetic appeal. In addition, migration compromises the durability and longevity of the color, causing fading, discoloration, or even complete loss of color over time. This is particularly problematic in applications where color retention is critical, such as outdoor signage, automotive interiors, or consumer electronics.
Furthermore, migration of pigments may raise concerns regarding product safety and compliance with regulatory standards, especially if the migrated pigments contain hazardous substances or exceed permissible limits. Thus, migration of pigments to the surface of plastic products limits the growth potential of the plastic pigments market.
Contrarily, innovations in plastic pigment formulations offer substantial growth opportunity for the plastic pigments market. These innovations encompass improvements in chemical composition, particle size, dispersion characteristics, and color potency. Manufacturers have improved color brightness, durability, and resilience to environmental stressors such as UV radiation and temperature variations by refining these ingredients to make pigments.
Furthermore, these advancements have facilitated the development of pigments with tailored properties, meeting specific application needs across diverse industries such as automotive, packaging, construction, and consumer goods. For instance, pigments designed for automotive use may prioritize attributes such as heat resistance and weather durability, whereas those intended for packaging materials might emphasize factors such as food safety adherence and lightfastness. Thus, advancements in plastic pigments formulations are expected to offer lucrative growth opportunities for the expansion of the plastic pigments market during the forecast period.
The global plastic pigments market is segmented into type, end-use industry, and region. Depending on type, the market is bifurcated into inorganic pigments and organic pigments. On the basis of end-use industry, it is classified into packaging, consumer goods, building & construction, and automotive. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global plastic pigments market are Atul Ltd., BASF SE, CLARIANT, DIC CORPORATION, Heubach GmbH, LANXESS, Mazda Colours Ltd, Sudarshan Chemical Industries Limited, The Chemours Company, and Tronox Holdings Plc. Other players include ALTANA AG, Huntsman International LLC, Kronos Worldwide, Inc., Shepherd Color, Venator Materials PLC., and Vibrantz.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the plastic pigment market analysis from 2022 to 2032 to identify the prevailing plastic pigment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the plastic pigment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global plastic pigment market trends, key players, market segments, application areas, and market growth strategies.
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- Analysis of raw material in a product (by %)
- Investment Opportunities
- Technology Trend Analysis
- Patient/epidemiology data at country, region, global level
- Regulatory Guidelines
- Surgical procedures data- specific or multiple surgery types
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Import Export Analysis/Data
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Type
- Organic
- Inorganic
By Application
- Packaging
- Consumer Goods
- Building and Construction
- Automotive
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Atul Ltd.
- BASF SE
- Clariant AG.
- DIC CORPORATION
- Heubach GmbH & Co. KG
- LANXESS
- Mazda Colours Ltd.
- Sudarshan Chemical Industries Limited
- The Chemours Company
- Tronox Holdings Plc
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PLASTIC PIGMENT MARKET, BY TYPE
CHAPTER 5: PLASTIC PIGMENT MARKET, BY APPLICATION
CHAPTER 6: PLASTIC PIGMENT MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
Key Market Players in the Plastic Pigment Market include:- Atul Ltd.
- BASF SE
- Clariant AG.
- DIC CORPORATION
- Heubach GmbH & Co. KG
- LANXESS
- Mazda Colours Ltd.
- Sudarshan Chemical Industries Limited
- The Chemours Company
- Tronox Holdings Plc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | April 2024 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 11.2 billion |
| Forecasted Market Value ( USD | $ 21.8 billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
