Plastic Pigments Segmentation
Type (Organic, Inorganic)
The organic segment in the plastic pigments market is set to garner a notable share shortly driven by a wide range of benefits offered by the organic type of plastic pigments. The azo-type pigments make up more than 60% of all organic pigments, and their cooler spectrum roughly resembles that of cadmium, and they outperform inorganic ones by producing brighter, glossier hues at lower percentages to provide a wide variety of colors and performance for plastics. Paints, rubber products, inks, plastic goods, and coated printing sizes are all colored using organic pigments, owing to their most popular properties such as high tinting strength and excellent shade.
Further, in most end-user industries people generally prefer to use organic type over inorganic type owing to its benefits and also the organic one is environment friendly. The organic compound majorly consists of carbon and metallic compounds.
End-Use Industry (Packaging, Consumer Goods, Building & Construction, Automotive)
The automotive segment in the plastic pigments market is estimated to gain a robust market share in the coming years owing to the increasing demand and production of vehicles. Particles added to the polymer foundation for functional purposes are called plastic pigments, which are often used in vehicle coatings due to the benefits they bring such as improved thermal stability, greater degrees of outdoor durability, color fastness, and chemical resistance.
Moreover, these pigments are more in demand in the automobile industry since they are anti-corrosive and glossy, and can be used for several applications as these pigments enable the creation of high chromatic strengths and unique color journey effects. According to the Organization of Motor Vehicle Manufacturers, the global production of vehicles was 80,145,988 units in 2021. This is a rise from 77,711,725 units in 2020.
Our in-depth analysis of the global market includes the following segments:
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