Global Plastic Pigments Market Research Report: Forecast (2023-2028)

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Plastic Pigments Market
2023-2028
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Market Insights
The Global Plastic Pigments Market is projected
to grow at a CAGR of around 6.9 during the
forecast period, i.e., 2023-28, due to the
expanding automotive industry. These pigments are
the colorants that are used to provide colors to
the plastics and come in both liquid powder
formats. In automotive, lightweight durable
materials are high in demand as they can help in
improving fuel efficiency enables better
performance. Plastic-based automotive parts such
as the bumper dashboard require these pigments
to make the overall look of the vehicle different
attractive. There is a growing inclination
towards electric vehicles among consumers, as a
result, the demand for e-vehicles is gradually
growing, further propelling the need for these
pigments in the coming years.
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Market Driver
Expansion of Automotive Industry to Augment the
Market Growth
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.
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Market Segmentation
By Type Organic, Inorganic
By End User Packaging, Building Construction,
Consumer Goods, Automotive, Others
By Region North America, South America, Europe,
The Middle East Africa, Asia-Pacific
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