About Laser Sensitive Pigments
The Laser sensitive pigments are easy to incorporate into plastic formulation. The laser sensitive pigment offered in two forms such as pigment powders for changing colors inside of polymers, and pigment granules which turn dark when exposed to a laser beam. Laser sensitive pigments provide precise and permanent marking and are mainly used for design features or for marking technical objects like brake fluid containers, packaging, cables or animal ear tags.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.3% |
Laser Sensitive Pigment is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs and preferences of consumers. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Laser Sensitive Pigments market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Datalase Ltd. (United Kingdom), Merck KGaA (Germany), Bodo Moller Chemie GmbH (Germany), EcKart NAFTA (Germany), Shenzhen Liying Plastic (China), Sun Chemical (United States), Ferro Corporation (United States), Coherent Inc. (United States), Trumpf (Germany) and Han’s Laser Technology (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Heubach GmbH (Germany), Sudarshan Chemical Industries Ltd. (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Laser Sensitive Pigments market by Type (Pigment Powder and Pigment Granules) and Region.
On the basis of geography, the market of Laser Sensitive Pigments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Automotive will boost the Laser Sensitive Pigments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in laser sensitive pigment formulation.
Market Growth Drivers:
Increasing demand for advanced laser marking and coding., Rising adoption of laser sensitive pigments for high resolution and durable markings. and Growing demand for laser marking technologies in packaging and automotive industry.
Challenges:
High initial investment.
Restraints:
High cost of laser marking systems and Stringent regulatory requirements.
Opportunities:
Growing demand in healthcare and medical devices.
Market Leaders and their expansionary development strategies
In June 2023, Global New Material International acquired Merck pigments business. The merger is still under discussion and has not yet been concluded, and other bidders are also interested in competing for Merck’s pigment division.
In September 2019, Clariant, Merck and SABIC developed laser marking technology for flexible packaging. For the new laser technology, SABIC provided the polymer technology designed to deliver the properties required in the film packaging while Merck offered laser sensitive Iriotec pigments and marking expertise. Clariant said it has developed the additive masterbatch formulations for use in the film extrusion process.
Key Target Audience
Laser Sensitive Pigment Manufacturer, Laser Sensitive Pigment Provider, Investor, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.