Lucintel’s latest market report analyzed that pigments in the global plastic additive provides attractive opportunities in the building & construction, automotive, textile, paper, and plastic & polymer industries. The pigments in the global plastic additive market is expected to reach $6.8 billion by 2028 with a CAGR of 4.8%. In this market, organic pigment is the largest segment by product, whereas building & construction is largest by end use industry.
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Based on product, the pigments in the global plastic additive market is segmented into organic pigment and inorganic pigment. The organic pigments segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing environmental regulations in the plastic industry and organic pigments have superior heat stability and excellent light fastness properties.
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The Pigments in the Global Plastic Additive Market is marked by the presence of several big and small players. Some of the prominent players offering pigments in the global plastic additive include ALTANA AG, Ferro, DIC Corporation, Tronox, Heubach, and Clariant.
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