Plastic Pigments Market Forecast 2030: Key Players & Emerging Trends
Plastic Pigments Market Size & Insights
The Global Plastic Pigments Market size was valued at around USD 16.06 billion in 2024 and is expected to reach USD 24.79 billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 7.50% during the forecast period, i.e., 2025-30. This flourishing growth is significantly driven by the expanding automotive industry. These pigments are the colorants that are used to provide colors to the plastics and come in both liquid & powder formats. In automotive, lightweight & durable materials are in high demand as they can help in improving fuel efficiency & enable better performance.
What are the Key Driver in the Plastic Pigments Market?
Expansion of Automotive Industry – There is an increasing demand for lightweight materials in the automotive industry, as they can help reduce the weight of vehicles & improve fuel efficiency. Plastic pigments are used to produce lightweight plastic components that are utilized in automobiles for bumpers, dashboards, and door panels. The automotive industry is increasingly focusing on the customization of automotive components to differentiate its products from competitors. These pigments offer a wide range of color options, which can help manufacturers create customized parts attracting customers.
What are the Key Segments in the Plastic Pigments Market?
The Plastic Pigments is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Type
Organic
Phthalocyanine Pigments
High-Performance Pigments
Inorganic
Titanium Dioxide
Iron Oxide Pigments
Chromium Oxide
Carbon Black
Cadmium Pigments
Organic plastic pigments are made from carbon-based molecules & offer a broader range of color options, improved durability, and better lightfastness compared to inorganic pigments.
By End User
Packaging
Food & Beverage Packaging
Consumer Goods Packaging
Healthcare & Pharmaceutical Packaging
Building & Construction
Consumer Goods
Automotive
Others (Healthcare, Textiles, Electronics, etc.)
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How does geographical analysis highlight in the Plastic Pigments market?
By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
Among all the regions, North America holds the leading share of the Plastic Pigments Market, mainly due to the extensive presence of end-user groups such as automobiles, construction, and healthcare, among many others.
Who are the Key Players in Plastic Pigments Market?
BASF
DIC Corporation
LANXESS
Ferro Corporation
Cabot Corporation
Clariant
Chemours
Kronos Worldwide Inc.
Heubach GmbH
Sudarshan Chemical Industries Ltd
Others
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Plastic Pigments Market News
2024: Sudarshan Chemical Industries Ltd. agreed to acquire Germany-based Heubach Group through a mix of asset and share purchases. It expands SCIL’s global footprint to 19 sites and bolsters its portfolio with Heubach’s advanced pigment technologies and presence in Europe and the Americas. The deal is contingent upon regulatory approvals and shareholder consent. This merger strengthens SCIL’s position in the global pigments market, enhances technological capabilities, and aligns with its ambitions to become a major player outside Asia.
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