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Increasing urbanization and growing inclination of various governments toward infrastructure development has positively impacted the growth of the construction sector. The increasing construction activities are projected to boost the demand for paints and coatings, which are one of the major end users of plastic pigments. Therefore, these factors are anticipated to strongly contribute to the growth of the Global Plastic Pigments market in the forthcoming period.
| Report Coverage | Details |
| Study Period | Historical Data: 2015-19 |
| Base Year: 2019 | |
| Forecast Period: 2020-25 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion |
According to MarkNtel Advisors’ research report titled “Global Plastic Pigment Market Analysis, 2020”, the Plastic Pigment market is projected to register a CAGR of around 7% during 2020-25. The inorganic pigment grabbed the highest market share in the Global Plastic Pigment market in 2019. However, due to the harmful effects of inorganic pigments on the human body, the market share is anticipated to decline in the forthcoming period. However, the organic pigment is expected to capture a significant market share in the years to come, due to their eco-friendly nature and no harmful effects on the human body.
The paint and coating segment captured the highest market share in the Global Plastic Pigment market in 2019. The paint & coating industry has three major targets, viz enabling aesthetic appeal or decorative essence to surfaces and products, enabling protection from damage caused by the harsh environment, and tagging specific attributes to the products. The growing construction of residential and commercial buildings is one of the major drivers for the high market share of the paint & coating segment.
As per MarkNtel Advisors’ study, the companies that have captured a significant market share in the Global Plastic Pigment market include Venator Materials Plc, BASF, DIC Corporation, Lanxess, Ferro Corporation, Cabot Corporation, etc. The companies are expanding their production capacity to gain a competitive edge in the industry.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Plastic Pigments Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of quantity sold(Tons).
Q. What would be the growth rate or CAGR of Global Plastic Pigments Market during 2020-25?
A. The growth rate of Global Plastic Pigments Market during 2020-25 is forecast to be around 7%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Asia-Pacific will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Plastic Pigments Market?
A. Venator Materials Plc, BASF, DIC Corporation, Lanxess, Ferro Corporation, Cabot Corporation are few of the leading players in the Global Plastic Pigments Market.
Q. Does the report scope cover Global Plastics pigments type wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Plastics pigments type wise statistics such as market size, market segmentation based on various subcategories.
Q. Which type segment would emerge as an opportunity area for players in Global Plastic Pigments Market ?
A. The Inorganic segment will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Plastic Pigments Market .
Q. Which End-User segment would emerge as an opportunity area for players in Global Plastic Pigments Market ?
A. The Paints and coating segment will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Plastic Pigments Market .
