The Global Plastic Pigments Market size was valued at around USD 16.06 billion in 2024 and is expected to reach USD 24.79 billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 7.50% during the forecast period, i.e., 2025-30. according to MarkNtel Advisors Study.

Global Plastic Pigments Market Driver:

Expansion of Automotive Industry – There is an increasing demand for lightweight materials in the automotive industry, as they can help reduce the weight of vehicles & improve fuel efficiency. Plastic pigments are used to produce lightweight plastic components that are utilized in automobiles for bumpers, dashboards, and door panels. The automotive industry is increasingly focusing on the customization of automotive components to differentiate its products from competitors. These pigments offer a wide range of color options, which can help manufacturers create customized parts attracting customers.

Moreover, many countries, like China, the US, Japan, Germany, etc., are experiencing a surge in automobile production due to ascending demand & expanding government support. Hence, this surge in automobile production across the globe is significantly contributing to the requirement for plastic pigments. Furthermore, the demand for electric vehicles is advancing rapidly, which can boost the need for these pigments. Hence, plastic components are used extensively in the production of electric vehicles, therefore their demand is expected to supplement in the coming years.

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Key Market Reports Highlights

• Market Dimensions & Projections
• Pricing Evaluation
• Recent Strategic Moves by Companies
• Primary Stakeholders
• Import/Export Trend Analysis
• Competitive Landscape Assessment
• Emerging Opportunities
• Market Trends and Indicators

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Global Plastic Pigments Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2024

-Historical Period: 2020 to 2023

-Forecast Period: 2025 to 2030

• By Type
  • Organic
    • Phthalocyanine Pigments
    • High-Performance Pigments
  • Inorganic
    • Titanium Dioxide
    • Iron Oxide Pigments
    • Chromium Oxide
    • Carbon Black
    • Cadmium Pigments
• By End User
  • Packaging
    • Food & Beverage Packaging
    • Consumer Goods Packaging
    • Healthcare & Pharmaceutical Packaging
  • Building & Construction
  • Consumer Goods
  • Automotive
  • Others (Healthcare, Textiles, Electronics, etc.)
• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Venator Materials Plc, BASF, DIC Corporation, LANXESS, Ferro Corporation, Cabot Corporation, Clariant, Chemours, Kronos Worldwide Inc., Heubach GmbH, Tronox, and Others are looking forward to strengthening their market positions.

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Global Plastic Pigments Industry Recent Development:

2024: Sudarshan Chemical Industries Ltd. agreed to acquire Germany-based Heubach Group through a mix of asset and share purchases. It expands SCIL’s global footprint to 19 sites and bolsters its portfolio with Heubach’s advanced pigment technologies and presence in Europe and the Americas. The deal is contingent upon regulatory approvals and shareholder consent. This merger strengthens SCIL’s position in the global pigments market, enhances technological capabilities, and aligns with its ambitions to become a major player outside Asia.

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