Plastic Pigments Industry Regional Synopsis
APAC Market Forecast
Asia Pacific industry is estimated to dominate majority revenue share of 35% by 2037, impelled by increasing construction activities. For instance, a variety of construction projects such as “Smart City” or “Housing for All” are taking place in China, India, and other parts of Asia Pacific. These projects often require plastic pigments to color a wide range of plastic materials used in these projects.
Plastic pigments enhance the visual appeal of buildings and help in achieving vibrant colors in flooring, laminates, and furniture. The Indian construction sector is anticipated to expand gradually and is anticipated to reach over USD 1 trillion by 2025.
European Market Analysis
The Europe plastic pigments market is estimated to be the second largest, during the forecast timeframe led by the rising need for the product from the textile sector. For instance, the demand for synthetic fibers, which are commonly employed in the textile industry, is extremely high in European nations including France and Germany. During the manufacturing process, these synthetic fibers are colored using plastic pigments, which has led to an increase in demand in the region.
