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Plastic Pigments Market Trends

Report ID: GMI8090
Published Date: Feb 2024
Report Format: PDF

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Plastic Pigments Market Trends

Manufacturers are increasingly focusing on developing pigments that meet stringent regulatory standards and address consumer preferences for more environmentally responsible products. Additionally, there is a growing emphasis on innovative pigment technologies, including high-performance and specialized pigments, to cater to diverse applications in packaging, automotive, and consumer goods.

The demand for masterbatch solutions incorporating plastic pigments is on the rise, enabling efficient and consistent coloration in various plastic materials. Moreover, customization and product differentiation remain key trends, with companies offering a wide spectrum of colors and effects to meet the evolving aesthetic and functional demands of end-users.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Plastic pigments market size was valued at around USD 15 billion in 2023 and is anticipated to register over 5% CAGR between 2024 and 2032, driven by the need for visually appealing and distinguishable packaging materials fuels.

Plastic pigments industry from the organic product segment reached a valuation of USD 8 billion in 2023 and is poised to grow rapidly till 2032, owing to their ability to offer excellent lightfastness and heat stability.

Asia Pacific plastic pigments market generated a revenue of USD 5.3 billion in 2023 and is expected to grow rapidly till 2032, driven by the burgeoning manufacturing sector, especially in countries like China and India.

Atul Ltd., BASF SE, Cabot Corporation, Chroma Corporation, Clariant International AG, DIC Corporation, Harima Chemical Group Co., Ltd., Heubach Group, Kronos Worldwide Inc. are some of the major industry contenders.