Plastic Pigments Market projected to grow at a CAGR of 7.58% by 2023

Posted by rohan on October 18th, 2019

Market Overview:

The global market for plastic pigments in 2018 was at US$ 10.37 billion. It is expected to reach approximately US$ 14.97 billion by 2023, at the current CAGR of 7.58%. For the global plastic pigment market, moderate growth is expected in the forecast period (2018 - 2023). 

Recently, a study was conducted on the high-temperature stability of organic thin-film transistors (OTFTs) based on quinacridone pigments. Thermoforming, injection molding and activated operations in extreme environmental applications are possible when incorporating high-temperature stability OTFTs into mass production techniques.

Market Drivers and Restraints:

With the increasing industrialization and urbanization, the plastic pigment industry has experienced a boom. Plastics replace other materials such as metals, etc., since they are resistant to light, impact and corrosion. The demand for biodegradable packaging materials has also fueled market growth. These materials are used in various industries, such as automotive, construction, etc. Among the most critical factors in the growth of these are the increase in the income of the average citizen, the improvement of economic conditions throughout the world, an improved lifestyle and a higher purchasing power parity of the market countries. Due to the ban on plastics in many regions, strict environmental policy can hinder the growth of the plastic pigment market.

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Report segmented as

By Type:

  • Inorganic Pigments,
  • Organic Pigments

By End-Use Industry:

  • Packaging,
  • Consumer Goods,
  • Building & Construction,
  • Automotive

Geographical Analysis:

Geographically, the world market is divided into Latin America, Asia-Pacific, Europe, North America, and Middle East and Africa. Among theseregions, the Asia Pacific is fastest growing market in terms of size and volume, as demand has increased since the growing automotive, consumer goods, construction and packaging industries. India, China, Japan are some of the fastest growing countries in the regions. There has been a change in the market from North America and Europe to the Asia Pacific region. An improved economy, the availability of cheap labor and raw materials in the region have stimulated growth in this regional market for plastic pigments.

Important Market Players:

Some of the key market players are Chemours (United States of America), Heubach (Germany), Tronox (United States of America), Ferro (United States of America), Clariant (Switzerland), BASF (Germany), DIC (Japan), Huntsman (United States of America), Cabot (United States of America), & LANXESS (Germany).

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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Abhishek Shukla

Sales Manager at Market Data Forecast


Tel: +1-888-702-9626


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Joined: September 20th, 2017
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