Pigment Additive Film Market size was estimated at $15 billion in 2020 and is expected to reach $XX billion by 2028, growing at a CAGR of 4.5% during the forecast period of 2021 to 2028.
Pigment Additive Film Market
Pigment additives are insoluble materials added to various materials to provide colours to them. Pigment additives are widely used in paint, plastic, cosmetics, automobiles, textile, and furniture industries. Besides making colourful materials, pigment additives help protect materials from extreme weather conditions and provide stability and durability. The other benefits of using pigment additives to materials are reflection, conduction, insulation, anti-skid, and light absorption. Factors such as transparency, heat stability, and resistance to alkalis and acids are compelling the pigment additive film market to grow rapidly.
Organic pigments are characterized by bright colours and are used in food, printing ink, and cosmetic industries. The rise in the demand for organic pigments is boosting the global pigment additive film market. Inorganic pigments are durable and stable, making these pigments a primary choice in the painting, ceramics, glass, and paper industries. Hence, the overall pigment additive film market is forecasted to grow at a rapid pace due to the rise in construction activities and awareness about economic advantages in major economies.
However, the covid19 pandemic adversely affected many countries resulting in the global economic slowdown. Governments of major economies imparted partial or full lockdown in specific geographies. Hence the construction and infrastructure industries suspended their projects temporarily. The impact of the lockdown on these industries can negatively impact the pigment additive film market during the pandemic.
Pigment Additive Film Market Growth and Trend
The demand for organic pigments is significantly expanding with the growing awareness on the three R’s of waste management: ‘Reduce’, ‘Reuse’ and ‘Recycle’. Inorganic pigments can withstand high temperatures and extreme weather conditions, making a preliminary choice for the top players in the market. But there are some restrictions on several pigments by governments due to environmental constraints and covid 19 circumstances. With the advent of a booming infrastructure industry in countries like India and China, the Asia Pacific region is growing rapidly in the pigment additive film market. Other regions like North America and the Middle East are also increasing their potentiality in the pigment additive film market.
Pigment Additive Film Market Segmentation
The pigment additive film market is segmented by component, organization size, and industry vertical. Based on components, the market consists of organic and inorganic pigments. Organic pigments are derived from plants and fruits and inorganic pigments are made from chemicals compositions. Organic pigments are segmented into Alizarin, Azo Pigments, Quinacridone, and Others. Inorganic pigments include Chromium Pigments, Metallic, Cadmium, Titanium dioxide pigments, and Others. By organization, the market is divided into Tier1 and Tier2. Tier1 companies are the first-level manufacturers/suppliers in the supply chain with strong technical skills. Tier2 companies usually facilitate Tier1 companies. Based on industry vertical, the market is divided into Aerospace, Automobile, Construction, Electrical & Electronics, Furniture, Industrial, and Others.
Pigment Additive Film Market Country Analysis
The Asia Pacific is likely to dominate the overall market growth during the forecast time frame. The regional growth can be attributed to the increase in the demand for the construction and infrastructure industry in fast-growing countries such as China, India, and Japan. It results in a surge in the paint & coating market, furniture, electrical, and electronics manufacturing industries. The market in North America and the Middle East is predicted to witness growth at a higher CAGR due to the top players in the regions. Europe, Latin America, Middle East, and Africa regions established a significant market share in the pigment additive film market.
Pigment Additive Film Market Share and Competition
The major players operating in the global pigment additive film market are AkzoNobel, BASF SE, DowDuPont, Evonik Industries, Huntsman International, and Solvay S.A.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Component Type Analysis (Revenue, USD Million, 2021 - 2028)
o Azo Pigments
o Chromium Pigments
o Metallic Pigments
o Cadmium Pigments
o Titanium dioxide
Organization Analysis (Revenue, USD Million, 2021 - 2028)
• Tier 1
• Tier 2
Industry Vertical Analysis (Revenue, USD Million, 2021 - 2028)
• Electrical & Electronic
Region Analysis (Revenue, USD Million, 2021 – 2028)
• North America
• United States
• South America
• United Kingdom
• the Asia Pacific
• South Korea
• Middle East
• GCC Countries
• South Korea
• South Africa
• Rest of World
Pigment Additive Film Market Companies
• BASF SE
• Evonik Industries
• Huntsman International
• Solvay S.A
• United States Pigment Additive Film Industry Research Report
• Europe Pigment Additive Film Industry Research Report
• Asia Pacific Pigment Additive Film Industry Research Report
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