Skip to main content

Impact of COVID 19 on Plastic Pigments- Global Industry Analysis

 

Plastic Pigments: Introduction

·         Significant rise in plastic packaging has fueled the demand for plastics pigments across the globe. Growth in application of plastics in consumer goods, building & construction, automotive, and other industries is further driving the market.

·         Rise in demand for high performing pigments is also projected to boost the demand for plastic pigments. Increase in application of plastic pigments in various industries, including building & construction, consumer goods packaging, automotive, and consumer goods, is further augmenting the demand for plastic pigments.

·         Plastic pigments are insoluble particles that are used to color plastic. Pigments are ideally suited to color polyolefin and are preferred over dyes. Pigments used for plastics may be organic or inorganic depending upon the performance and application requirement.

Key Drivers and Restraints of Plastic Pigments Market

·         Increase in significance of esthetics in packaging is a key factor driving the global plastic pigments market. Technological advancements in pigments is also expected to fuel the market.

·         Higher resistance to various chemicals, heat stability, and excellent light fastness are booting the usage of organic pigments. This factor is expected to boost the plastic pigments market. However, fluctuation in raw material prices and increase in environmental concerns are expected to hamper the global plastic pigments market. Furthermore, regulations related to plastics recycling are estimated to adversely impact the global plastic pigments market during the forecast period.

Plastic Pigment: Type Segment

·         In terms of type, the plastic pigments market can be segmented into inorganic pigments and organic pigments

·         The inorganic pigments segment can be further segmented into chromium oxide pigments and iron oxide pigments. The organic pigments segment can be further segmented into high-performance pigments, phthalocyanine pigments, and others.

·         Organic pigments includes a wide spectrum of properties. They are largely used for applications such as high tinting strength and brilliant shade, while inorganic pigments are beneficial where high opacity is needed.

·         Organic pigments contain carbon and metallic compounds. Inorganic pigments are generally composed of metal salts. The size of inorganic pigments is comparatively bigger.

·         Colors of inorganic pigments comprise chromium and lead and are exceptional for application in colorfast pigments. However, their negative impact on the environment may adversely impact the segment in the near future.

·         Plastic pigments also facilitate paints as well as coats to protect different surfaces against adverse weather and corrosion

 

Request Sample                                                                                       

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=64098

COVID-19 Impact on Plastic Pigments Market

·         On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.

·         Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic

·         Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the plastic pigments market.

 

More Trending Reports

https://www.prnewswire.com/news-releases/rising-industrialization-levels-especially-in-the-asia-pacific-region-will-accelerate-the-growth-of-the-power-distribution-component-market-tmr-301314698.html

Asia Pacific to Dominate Plastic Pigments Market

·         In terms of region, the plastic pigments market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         Asia Pacific dominated the global plastic pigments market in 2020. This trend is anticipated to continue during the forecast period. Its dominance can be ascribed to the growth of end-user industries in the region.

·         China is considered the largest country of the market in Asia Pacific. Significant growth of the plastic packaging industry is a major factor driving the market in China. Rapid industrialization and growth in preference for plastic goods over heavy metal products are estimated to boost the demand for plastic pigments in China in the near future.

·         Plastic products are cost effective and are lightweight. This is fueling the global plastic pigments market.

·         Plastic pigments are utilized significantly in Middle East & Africa owing to the rise in demand for these pigments in various end-use industries such as automotive, construction, and packaging

 

Request Covid19 analysis on this market

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=64098

Key Manufacturers Operating in Plastic Pigments Market

The global plastic pigments market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global plastic pigments market include:

·         BASF

·         Tronox

·         DIC

·         Cabot

·         LANXESS

·         Chemours

·         Huntsman

·         Heubach

·         Ferro

·         Clariant

 

 

 

Buy Now

https://www.transparencymarketresearch.com/checkout.php?rep_id=64098&ltype=S

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination           of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

US Office Contact

90 State Street, Suit  e 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

Comments

Post a Comment

Popular posts from this blog

Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

  Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...
Post a Comment
Read more

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

  The  global wood coatings market  features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...
Post a Comment
Read more

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

  TMR projects the  global anthocyanin market  to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...
Post a Comment
Read more