Pigment Additive Film Market:
Introduction
·
Pigment additives are materials that can offer several benefits
such as anti-skid, reflection, conduction, insulation, and light absorption.
They can be employed in applications such as building & construction,
automobiles & transport, and electrical & electronics industry.
Pigments additives help improve the opacity, texture, and pseudo-plasticity for
flow of pigments. Pigment additives offers better color strength, stability and
retention, improved gloss, good finishing, and good visual appearance. Organic
pigment additives are soluble colorants, which are derived from different trees
or fruits.
Key Drivers of Pigment Additive
Film Market
·
Growth in awareness about ecology is expected to boost the
demand for bio-based & recyclable organic products. This in turn, is
expected to drive the demand for pigment additive films during the
forecast period.
·
Organic pigment additives are employed in food & beverages
to avoid deterioration & adulteration of food and beverages. Rise in demand
for these additives is boosting the global pigment additive film market.
Restraints of Pigment Additive
Film Market
·
Despite the potential economic advantages associated with
pigment additive films, there are several drawbacks that are projected to
restrain the overall development of the global market. Environmental
restrictions on usage of several pigments by various governments due to
concerns over the harmful environmental and health impacts of pigment additive
films could hamper the market.
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COVID-19 impact on Pigment
Additive Film Market
·
The COVID-19 outbreak is hampering the demand for pigment
additive films in many applications. Governments of various countries across
the globe have enforced lockdown measures to curb the spread of the disease.
This has resulted in the slowdown and halt in manufacturing operations,
restrictions on supply and transport, and infrastructure slowdown. In turn,
this has led to a decline in in demand for dry construction across the globe.
·
Key players operating in the pigment additive film market are
primarily tier I and tier II manufacturers and suppliers. Manufacture and
supply chain facilities of these manufacturers have spread across various
countries in Asia Pacific, Europe, North America, Latin America, and Middle
East & Africa. Many of these players have halted their production output
over the last few months due to the COVID-19 pandemic. The pandemic has
negatively impacted the demand and supply chain of these films.
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Asia Pacific to be Rapidly
Expanding Region of Global Pigment Additive Film Market
·
Asia Pacific is expected to be remain the leading region of the
global building & construction market during the forecast period. Increase
in population is boosting the demand for infrastructure development in
prominent countries such as India and China. This is a major factor driving the
demand for paint & coatings market. This, in turn, is expected to augment
the pigment additive film market during the forecast period.
·
The market in North America and Middle East is anticipated to
witness significant growth during the forecast period owing to large presence
of major market players in these regions
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Pigment Additive Film Market:
Key Players
The global
pigment additive film market is fragmented. Large numbers of companies operate
at the global and regional level. Some of the major companies operating in
pigment additive film market are:
·
AkzoNobel Corporation
·
BASF SE
·
DowDuPont
·
Evonik Industries
·
Huntsman International
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