Plastic Pigments Market to record USD 22.5 billion by 2032, Says Global Market Insights inc.
Plastic Pigments Industry size is expected to register 5% CAGR between 2024 and 2032 propelled by increasing demand in packaging industry.
Selbyville, Delaware, Sept. 03, 2024 (GLOBE NEWSWIRE) — Plastic Pigments Market is estimated to be valued at USD 22.5 billion by the end of 2032, as per a
North America to emerge as a lucrative market
North America plastic pigments market size is anticipated to record a notable revenue share by 2032 on account of the rising focus on sustainability. Household goods, including furniture, storage containers, and kitchenware, are largely made using plastics across the region, further necessitating pigments for aesthetics and brand differentiation. The surging usage of consumer electronics and home appliances along with the trend of sleek, modern designs with vibrant colors is driving the uptake of high-performance pigments to offer durability and color consistency in North America.
Plastic Pigments Market Participants
Some of the prominent plastic pigment companies include Atul Ltd., BASF SE, Cabot Corporation, Chroma Corporation, Clariant International AG, DIC Corporation, Harima Chemical Group Co., Ltd., Heubach Group, Kronos Worldwide Inc., Lanxess AG, and Merck KGaA. These industry players are placing persistent efforts on partnership-based strategies to match the rising end-user needs to widen their global presence. To quote an instance, in April 2023, Sun Chemical along with its parent company, DIC Corporation, showcased an extensive portfolio of pigments for plastics to deliver high standards of color and sustainability performance at the Shenzhen World Exhibition & Convention Center.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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