Plastic Pigment Market | Exactitude Consultancy Reports
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Plastic Pigment Market Size, Share & Trends Analysis Report by Type (Inorganic Pigments and Organic Pigments), End-Use Industry (Packaging, Consumer Goods, Building & Construction, Automotive) and Region (North America, Europe, Asia Pacific, South America, Middle East, and Africa) Global Trends and Forecast from 2022 to 2029
The global plastic pigment market size is to be valued at USD 20.13 billion by 2029 and is expected to grow at a compound annual growth rate (CAGR) of 7.5% during the forecast period.
A pigment is a substance that changes the color of the light that it passes. Plastic pigments are used to color plastic products. Before the plastic resin is formed into a finished product, the pigment is combined with it. Paint, ink, plastic, textiles, cosmetics, food, and other products are all colored using plastic pigments. Organic and inorganic pigments are the two categories into which pigments are divided.
Segment Analysis
The plastic pigment market is segmented on the basis of type and end-use industries.
Based on type, the market is divided into organic pigments and inorganic pigments. A further division of organic pigments includes azo, phthalocyanine, and quinacridone pigments. Metal oxide pigments and carbon black pigments are two categories of inorganic pigments. Metallic and carbon components are present in organic pigments while metal salts are the main element of inorganic pigments Inorganic pigments, which are more popular due to their lower cost, are expected to rise more swiftly than organic pigments during the time of the market forecast. The durability of inorganic pigments to sunlight and chemicals is superior.
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