Jan 3, 2019   SOURCE: BusinessWire

Plastic Pigment Markets - Worldwide Analysis & Outlook (2018-2023) by Type, End-Use Industry and Region - ResearchAndMarkets.com

The "Plastic Pigments Market by Type (Inorganic/Organic Pigments), End-Use Industry (Packaging, Consumer Goods, Building & Construction, Automotive) Region (APAC, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The market size of plastic pigments is estimated at USD 10.3 billion in 2018 and is projected to reach USD 14.8 billion by 2023, at a CAGR of 7.5% from 2018 to 2023.

The growth of this market is attributed to the increasing significance of aesthetics in packaging, industrialization in emerging economies. Another factor driving the plastic pigments market is high demand for packaging in emerging countries and high demand for high-performance pigments.

However, factors, such as the volatility of raw material prices and environmental regulations are restraining the growth of the market. Most of the raw materials used in the production of plastic pigments are synthetic rutile, iron ore, and natural gas. The prices of these raw materials have been highly volatile in recent times, touching a five-year low, which has affected the growth of the market.

The report profiles several leading players of the plastic pigments market that include Clariant (Switzerland), BASF (Germany), DIC (Japan), Huntsman (US), Cabot (US), LANXESS (Germany), PolyOne (US), Chemours (US), Heubach (Germany), Tronox (US), and Ferro (US). The report also includes detailed information about various growth strategies adopted by these key players to strengthen their position in the plastic pigments market.

Key Highlights

  • The organic plastic pigments type segment is projected to register the higher CAGR during the forecast period.
  • Packaging to be the largest end-use industry of plastic pigments in terms of volume and value.
  • APAC projected to be the largest plastic pigments market, in terms of volume, during the forecast period.

Market Dynamics

Drivers

  • Increasing Demand for Plastics in the Automotive Industry
  • Increasing Significance of Aesthetics in Packaging
  • Industrialization in Emerging Economies
  • High Demand for High-Performance Pigments (HPPs)

Restraints

  • Volatility in Raw Material Prices
  • Environmental Regulations

Opportunity

  • Technological Advancements

Challenge

  • Regulations Related to Plastic Recycling

Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Plastic Pigments Market, By Type

7 Plastic Pigments Market, By End-Use Industry

8 Plastic Pigments Market, By Region

9 Competitive Landscape

10 Company Profiles

  • Atul Ltd.
  • BASF
  • Cabot Corporation
  • Cathay Industries
  • Chemours
  • Clariant
  • DIC Corporation
  • Dominion Colour Corporation
  • Eckart GmbH
  • Ferro Corporation
  • Habich GmbH
  • Heubach GmbH
  • Kronos International
  • Lanxess
  • Mazda Colours Limited
  • National Industrialization Company (Tasnee)
  • Sudarshan Chemical Industries
  • Toyocolor
  • Tronox Limited
  • Voxco Pigments and Chemicals

For more information about this report visit https://www.researchandmarkets.com/research/kdjqnl/plastic_pigment?w=4