Organic Plastic Pigments Market Size is Grow USD 11.56 Billion at a CAGR of 7.2%, Increasing research and development activities | Reports and Data
Rising demand for aesthetics in packaging and increasing popularity of high-performance pigments are some key factors driving market revenue growth
The global Organic Plastic Pigments Market size is expected to reach USD 20.14 Billion in 2028 and register a revenue CAGR of 7.2% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by rising demand for plastics pigments in major end-use industries such as automotive, construction, packaging, and consumer goods, among others. Increasing demand for plastic packaging in the packaging industry is expected to drive revenue growth of the market to a significant extent over the forecast period. Rising focus on aesthetics in the packaging industry is boosting applications of Organic Plastic Pigments in the packaging materials industry. Increasing need to enhance the visual appeal of packaged products is a key factor driving market growth.
Manufacturers are increasingly investing in research and development activities for production of high performance organic pigments which would be able to comply with strict regulations and safety laws for food packaging coloration, while maintaining the appeal and attractiveness of products among end-consumers. Increased durability and enhanced aesthetics of high-performance pigments are expected to drive demand in different end-use industries. Advancements in plastics and polymer industries is projected to continue to support market growth during the forecast period. Companies such as Heubach and others are offering high-quality organic and inorganic color solutions as well as pigments and a wide range of products for coloring PVC window profiles, PVC pipes, roof profiles, vinyl coverings, as well as films, fibers, sheets, machine cladding, and technical profiles.
Get a sample of the report: https://www.reportsanddata.com/sample-enquiry-form/1818
Key Companies in the market include:
BASF SE, Clariant AG, DIC Corporation, Cabot Corporation, Ferro Corporation, Tronox Inc., Heubach GmbH, Sudarshan Chemical Industries, Chemours Company, and DCL Corporation.
In August 2021, DCL Corporation announced the acquisition of Performance Pigments Plant of Sun Chemical in South Carolina. The acquisition includes the sales and production of the specialty pigments product portfolios along with other specialty products. Specialty pigments provide highest performance, especially high durability, high heat stability, and transparency for the most demanding applications, including industrial coatings, automotive coatings, and engineered plastics. Addition of high-performance pigment portfolio and a U.S. manufacturing base to the established platform of DCL Corporation is expected to strengthen the position of the company in the global market.
Inorganic Organic Plastic Pigments segment is expected to account for largest revenue share in the global Organic Plastic Pigments market over the forecast period owing to its cost effectiveness. Inorganic pigments are manufactured from mineral compounds and are less expensive in comparison to organic pigments, which is driving revenue growth of this segment.
Direct sales channel segment is expected to register robust revenue growth over the forecast period. The profit margin is higher in the direct sales channel due to the non-involvement of distributors in the supply chain model, which is boosting growth ofthe direct sales channel segment.
Packaging segment is expected to account for a considerably robust revenue share in the global Organic Plastic Pigments market owing to increasing demand for plastic packaging among various end-use industries.
The Organic Plastic Pigments market in Asia Pacific is expected to account for largest revenue share over the forecast period. Manufacturers such as DIC Corporation and Sudarshan Chemical Industries are increasingly investing in order to offer high-quality organic and inorganic color solutions as well as pigments for automotive, construction, packaging, and consumer goods applications.
To know more about the report: https://www.reportsanddata.com/report-detail/plastic-pigments-market
Market Segmentation:
Product Type Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
- Organic Organic Plastic Pigments
- Inorganic Organic Plastic Pigments
Sales Channel Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
- Direct Sales Channel
- Distribution Channel
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
- Construction
- Automotive
- Packaging
- Consumer Goods
- Others
Regional Outlook:
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
To Get Insights Speak to Analyst: https://www.reportsanddata.com/inquiry-before-buying/1818
Key questions covered in the global Organic Plastic Pigments market report:
- What is the expected market size of the global Organic Plastic Pigments market during the forecast period?
- What factors are expected to hamper global Organic Plastic Pigments market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Organic Plastic Pigments market?
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/1818
Thank you for reading the report. Kindly contact us to know more about the customization plan that we offer as per client requirement. Our team will ensure that the report is well suited as per your requirement.
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs | Insights
Read the innovative blog at https://www.reportsanddata.com/blogs
Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports
