Plastic Pigments Market Analysis 2021 Gross Margin, Competitors, Business Overview, Distributors Forecast to 2030
Market Segmentation The global plastic pigments market has been segmented by type, resin, application, and region. Based on type, the market has been segmented into organic, inorganic, and specialty pigments. The demand for organic pigments is expected to grow at a highest CAGR during the forecast period, whereas, the inorganic pigments is expected to account for the largest market share in terms of value and volume. This can be attributed to the cost advantage of inorganic pigments over organic pigments and its resistive properties against heat and chemicals when used with polymers. Nevertheless, organic pigments are eco-friendlier and offer rich and brighter tonality to the plastic substrate than inorganic pigment. However, organic pigments tend to have low resistivity against heat and chemicals. Based on application, the market has been segmented into packaging, automotive, building and construction, consumer goods, healthcare, and others. Packaging accounted for the largest ma