The color concentrates market is expected to witness market growth at a rate of 6.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on color concentrates market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing demand for color concentrates in plastics and packaging industries is escalating the growth of color concentrates market.
Color concentrates refer to the compounds which assist in facilitating the coloring of a wide variety of plastics for various applications. The product has become popular among the packaging and electronics sectors as it is considered to be the most durable and cost-effective colorant to be used for different applications.
The rise in demand from end use industries such as packaging, agriculture, consumer goods, paint and agriculture among others act as one of the major factors driving the growth of color concentrates market. The extensive use of the product in numerous automotive applications such as applications associated with the plastic color concentrates for automotive airbags owing to their excellent balance of flexible design and ease of processing, and under-the-hood applications because of their excellent thermal resistance, fatigue endurance and wear resistance accelerating the color concentrates market growth. Additionally, growing importance of aesthetics in packaging, rise in increasing demand for plastics, rapid urbanization and industrialization especially in emerging economies and surge in investment positively affects the color concentrates market. Furthermore, introduction of universal carrier resins extend profitable opportunities to the color concentrates market players in the forecast period of 2021 to 2028.
On the other hand, the increasing cost of the product because of color matching and competition from pre-colored compounds are the factors expected to obstruct the color concentrates market growth. The issues with the recycling of plastics and the negative impact of COVID-19 on the manufacturing industries globally are projected to challenge the color concentrates market in the forecast period of 2021-2028.
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Competitive Landscape and Color Concentrates Market Share Analysis
The color concentrates market competitive landscape and provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the color concentrates market.
The major players covered in the color concentrates market report are Ferro Corporation, Cromex S/A, Chroma Color Corporation, Unicolor Masterbatching and Additives Incorporated, Plastics Color Corporation, AGC Inc., LyondellBasell Industries Holdings B.V., PolyOne, Clariant, Colortech Inc., Accurate Color & Compounding, Inc., Ampacet Corporation, Badger Color Concentrates, F&D PLASTICS, Precision Color Compounds, Primex Color, Compounding & Additives, Royce Global, Inteplast Group, PEACOCK COLOR and Penn Color Inc, Masterbatch & Color Concentrates among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Color Concentrates Market Scope and Market Size
The color concentrates market is segmented on the basis of form, carrier and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
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Global Color Concentrates Market Country Level Analysis
The color concentrates market is analyzed and market size, volume information is provided by country, form, carrier and end user as referenced above.
The countries covered in the globally color concentrates market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the color concentrates market because of the increasing demand for color concentrates in the medical, pharmaceuticals, cosmetics and food and beverages packaging.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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