Global Plastic Pigments Market is estimated to be US$ 27.05 Billion in 2030 at a CAGR 8.9% during th

Nisha Shaha23 Mar, 2022Business

Global Plastic Pigments Market accounted for US$ 11.49 billion in 2020 and is estimated to be US$ 27.05 billion by 2030 and is anticipated to register a CAGR of 8.9%. A pigment is finely divided solid which is essentially insoluble in polymeric application. Pigments are combined into polymer by dispersion process while it is in a liquid phase after the polymer solidifies. The dispersed pigment particles are retained in physical form within the solid polymer matrix. Plastic colorants are chemical compounds used to colour plastic. Pigments are used as raw material for diverse industrial application such as paint, coating, ink, plastic, rubber, textile, paper etc. There are various shades or grades of pigments available in the market depending on the requirement.