Global Plastic Pigments Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Plastic Pigments Market 2021 (Includes Business Impact of COVID-19)
Global Plastic Pigments Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global plastic pigments market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global plastic pigments market report has been segmented on the basis of product type, application, and region.

The global Plastic Pigments market size was valued at USD$11.44 billion in 2020 and is projected to reach USD $25.40 billion by 2030, and is anticipated to expand at a CAGR of 8.27% over the forecast period from 2020 to 2030.

Introduction:

A pigment is finely divided solid which is essentially insoluble in polymeric application. Pigments are combined into polymer by dispersion process while it is in a liquid phase after the polymer solidifies, the dispersed pigment particles are retained physically within the solid polymer matrix. Plastic colorants are chemical compounds used to color plastic. Pigments are used as raw material for diverse industrial application such as paint, coating, ink, plastic, rubber, textile, paper etc. There are various shades or grades of pigments available in the market depending on the requirement.

Market Dynamics:

Technological advancements in plastic compounds and increasing demand from automotive sector are major factors expected to drive growth of the global plastic pigments market. In addition, increasing demand from paint and coating industry, owing its properties that are superior to organic pigments such as able to withstand extreme weather conditions and high temperatures is another factor expected to support growth of the global market. In addition, high light fastness, high hiding power, non-migratory, non-wrapping, and non-bleeding are some other properties that increased applicability of plastic pigments in construction materials and printing ink industry is another factor expected to support growth of the global market to certain extent.

However, fluctuating raw material prices is a major factor expected to hamper growth of the global plastic pigments market. In addition, stringent government regulations related to plastic and environmental regulations are some other factors expected to limit growth of the global market to certain extent.

Technological advancements and increasing investment for R&D activities are expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, growing merger and acquisition activities among regional and international players is expected to further support growth of the global market.

Region Analysis:

The market in Asia Pacific is expected to dominate the global market and is expected to continue its dominance over the forecast period. The dominance can be attributed to increasing demand from paint and coating industry and presence of major players operating in emerging economies such as India and China in this region. The markets in North America and Europe are expected to contribute significant revenue shares in the global market, owing to stringent government environmental regulation, growing demand from automotive sector, coupled with increasing construction and reconstruction activities in the countries in this region. In addition, growing merger and acquisition activities among regional and international players is expected to further support of the target market in this region. The market in Latin America is expected to witness moderate growth. This can be attributed to increasing presence of major manufacturers in the emerging economies such as Brazil and Argentina in this region.

Below are the active patents related to Plastic Pigments Market.

Patent Number: EP2488850A1

Intelligent pigments and plastics

Abstract

A chemical indicator comprises a particulate inorganic substrate, and at least one reactive dye or ink coated on and/or impregnated within the particulate inorganic substrate. Coating and/or impregnating at least one reactive dye or ink on or within a particulate inorganic substrate improves the storage stability and/or thermal stability of the at least one reactive dye or ink, which typically comprises relatively unstable compounds. This allows the present indicators to be incorporated into thermoplastic polymer materials and processed conventionally while maintaining the efficacy and stability of the new indicators. The indicators provide simple, reliable, and cost effective detection means for detecting analytes such as ammonia, carbon dioxide, and oxygen, and may find use in applications such as food packaging and medical applications.

Application File Date: 2010-10-14

Application Granted Date: 2015-05-20

Current Assignee: University of Strathclyde

Patent Number: US20050004276A1

Pigment composition and use thereof in plastic

Abstract

A pigment composition composed of 50 to 95% by weight of a phthalocyanine, 1 to 45% by weight of a halogenated phthalocyanine of which the number of substituents of a halogen atom is 1 to 9 and the average number of the substituents is 2.0 to 4.0 and 0.1 to 10% by weight of a phthalocyanine derivative of the formula (1) or a phthalimide methylated phthalocyanine derivative, a colorant containing the above pigment composition and a molded article obtained from a plastic containing the above colorant, P-(X)m (1) wherein P represents a phthalocyanine structure, X represents an alkyl group having 12 to 18 carbon atoms, an alkoxy group having 12 to 18 carbon atoms, —SO2NHR, —SO2NR2, —NR2, —CONR2, —CONHR or —SR (wherein R represents an alkyl group or an alkenyl group which has 12 to 18 carbon atoms), and m is an integer of 1 to 4.

Application File Date: 2004-06-10

Application Granted Date: 2006-07-18

Current Assignee: Toyo Ink SC Holdings Co Ltd

Patent Number: US20150259538A1

Gold pigment

Abstract

The present invention relates to a golden interference pigment which is suitable, in particular, for printing processes, to a process for the preparation of a pigment of this type, and to the use thereof

Application File Date: 2013-08-16

Application Granted Date: 2017-03-28

Current Assignee: Merck Patent GmbH

Global Plastic Pigments Market Segmentation:

By Product Type:

  
Organic Pigments
  
Azo Pigments
  
Phthalocyanine Pigment
  
Quinacridone Pigment
  
Other Organic Pigments
  
Inorganic Pigments
  
Titanium Dioxide
  
Iron Oxide
  
Cadmium Pigment
  
Carbon Black
  
Chromium Oxide
  
Complex Inorganic

By Application:

  
Paints &Coatings
  
Printing Inks
  
Plastics
  
Construction Materials


Key Market Players included in the report:


  
Atul Ltd
  
BASF
  
Cabot
  
Chemours
  
DIC
  
Ferro
  
Heubach
  
Huntsman
  
LANXESS
  
Mazda Colours Ltd.
  
PolyOne
  
Sudarshan Chemical Industries Limited
  
Tronox
  
Wuxi Koler Plastic Co.
  
Cabot Corporation
  
Chemours (US)
  
Clariant (Switzerland)
  
Dic Corporation
  
Dominion Color Corporation
  
Eckart GmbH
  
Ferro Corporation
  
Heubach (Germany)
  
Huntsman (US)
  
LANXESS (Germany)
  
Sudarshan Chemical Industries Limited
  
The Chemours Company
  
Tronox Holdings plc


Below are the key development related to Plastic Pigments Market in 2020 and 2021.

July 2021: Sun Chemical and DIC Corporation Acquire BASF’s Global Pigments Business Acquisition broadens Sun Chemical’s portfolio as a global manufacturer of pigments for plastics and several other markets. Japan’s DIC Group, which includes subsidiary Sun Chemical, Parsippany, N.J., has finalized the acquisition of BASF’s global pigments business, known as BASF Colors & Effects (BCE). The acquisition brings together the complementary portfolio of technologies, products, manufacturing assets, supply chain and customer service of the two companies to serve customers globally. It will broaden Sun Chemical’s portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, inks, plastics and specialty applications, by creating a world-class pigments supplier that offers customers an even wider range of versatile solutions. Source

July 2021: Lanxess Offers Pigments Service for Biodegradable Plastics Lanxess’ Inorganic Pigments unit supports masterbatch producers in formulating colored biodegradable plastics through pigment analyses. The Inorganic Pigments (IPG business unit of Lanxess is supporting masterbatch producers in the process of formulating colored biodegradable plastics by offering pigment analyses. Lanxess’ IPG is said to offer a unique service by providing its customers with recommendations regarding the maximum pigment concentration of iron oxide pigments of the Colortherm brand in bioplastic formulations with a low heavy-metal content. Source

February 2021: LANXESS Acquiring Emerald Kalama Chemical The purchase price is around $1.04 billion (€867 million). LANXESS signed a binding agreement to acquire 100% shares in Emerald Kalama Chemical on. The US-based company is a globally leading manufacturer of specialty chemicals, especially for the consumer segment, and is majority-owned by affiliates of the US private equity firm American Securities LLC. Source