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Global Plastic Pigments Market 2019-2023

  • Published: Mar 2019
  • Pages: 117
  • SKU: IRTNTR31090
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The global plastic pigments market is forecast to grow at a CAGR of over 4% during 2018-2023, and the market size will increase by 578.94 thousand tons during the forecast period of 2019-2023. Between 2018-2023, the market will grow at a faster pace than the overall market growth in 2019. The growth momentum of the plastic pigments market is expected to accelerate in the second half of the forecast period compared to the increase in the first half.

The plastic pigments market is fragmented, and the degree of fragmentation is expected to decrease by 2023. An outlook of accelerating growth would provide opportunities to all market participants to grow. Market participants should focus on the opportunities on the demand side rather than getting overly impacted with the competitive dynamics. The accelerating growth momentum will be one of the contributing factors moderating the competitive intensity in the market over the forecast period.

Some of the key findings from our plastic pigments market forecast report are summarized below

Plastic Pigments Market

Inorganic plastic pigment was the largest segment within the overall market in 2018 and will continue to remain so in 2023. The growth rate of the organic segment will be faster than the global market growth during the forecast period 2019-2023. However, the growth rate of the inorganic segment will be slower than the overall market growth.

To identify growth opportunities in the plastic pigments market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. The APAC region will grow faster than the overall market. Europe, MEA, North America, and South America’s growth will be slower than the global market.

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This plastic pigments market report provides a detailed analysis of the market by type (inorganic and organic) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including BASF SE, Clariant, DIC CORPORATION, LANXESS, and Sudarshan Chemical Industries Limited.

Global plastic pigments industry overview

Companies in the packaging industry are focusing on innovations and the development of advanced products which will help them expand their market share. Innovations such as intelligent packaging, active packaging, and modified atmosphere packaging (MAP) have boosted the growth of the packaging industry. Moreover, packaging vendors are also focusing on using vibrant colors to manufacture packaging products, which will not only enhance the aesthetics of the product but also attract customers. This will consequently fuel the demand for plastic pigments, fueling global market growth.

Plastic pigments are increasingly being used in packaging applications such as cosmetics, F&B, and consumer goods to enhance the appearance of the products. Additionally, the use of plastic pigments helps in increasing the brand awareness among customers and improves the opacity and durability of packaged products. With the growing population and the rising demand for F&B products, the packaging industry is expected to witness rapid growth in the next five years. This will boost the demand for plastic pigments, driving the market growth at a CAGR of over 4% during the forecast period.

Top plastic pigments companies covered in this market research report

The global plastic pigments market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by companies. Moreover, this plastic pigments market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the future growth opportunities.

The report offers a detailed analysis of several leading plastic pigments manufacturers, including:

  • BASF SE
  • Clariant 
  • DIC CORPORATION
  • LANXESS
  • Sudarshan Chemical Industries Limited

Plastic pigments market segmentation based on type

  • Inorganic
  • Organic

The inorganic plastic pigments market segment will account for the highest plastic pigments market share. The properties of these pigments such as cost-effectiveness, moisture resistance, heat stability, ease of dispersion, and lightfastness will drive the demand for inorganic pigments. The increasing use of inorganic pigments to create attractive packaging products will also drive the growth of the plastic pigments market size in this segment.

Plastic pigments market segmentation based on geographic region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

With a complete study of the growth opportunities for companies, it has been identified that the APAC region will account for the highest plastic pigments market share throughout the forecast period. The growth of the end-user sectors such as packaging, construction, and automotive industries will be one of the significant factors responsible for plastic pigments market size growth in this region.

Key highlights of the global plastic pigments market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the plastic pigments market during the next five years
  • Precise estimation of the global plastic pigments market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the plastic pigments industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of plastic pigments companies

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • Inorganic - Market size and forecast 2018-2023
  • Organic - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increase in R&D activities
  • Innovations in packaging industry
  • Expansion of production capacities of plastic pigments

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BASF SE
  • Clariant 
  • DIC CORPORATION
  • LANXESS
  • Sudarshan Chemical Industries Limited

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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