Global Color Concentrates Market, By Form (Solid, Liquid), By Resin Types (Polyethylene, Polypropylene, Polystyrene) By Application (Packaging, Consumer Goods, Building & Construction, Automotive) – Industry Trends and Forecast to 2024
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The Global Color Concentrates Market accounted for USD 4.33 billion in 2016 and is projected to grow at a CAGR of 6.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Color concentrates are the mixture of different colors in definite proportion and are used for various purposes. Color concentrates make a color appear rich and increase its aesthetic appeal.
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There is a growing demand for color concentrates in packaging, consumer goods, building & construction and automotive activities, which is expected to be one of the major drivers of the market over the next seven years.
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Major Market Drivers:
- Increasing demand for plastics
- Growing importance of aesthetics in packaging
- Industrialization in developing countries
- Increment in costs due to color matching
- Competition from pre colored compounds
Market Segmentation: Global Color Concentrates Market
The color concentrates market is segmented on the basis of form into solid and liquid.
On the basis of resin type, the market is segmented into polyethylene, polypropylene and polystyrene.
On the basis of application, the market is segmented into packaging, consumer goods, building & construction and automotive.
On the basis of geography, the color concentrates market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Competitive Landscape: Global Color Concentrates Market
The global color concentrates market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Color Concentrates Market
Some of the major players in color concentrates market include Clariant, Polyone Corporation, A. Schulman, Inc., Ampacet Corporation, Ferro Corporation, Breen Color Concentrates, Colortech Inc., Hudson Color Concentrates, Penn Color, Inc., Plasticoncentrates, Inc., Colortech Inc., PolyOne, Breen Color Concentrates, Mexichem Specialty Compounds Inc., and many more.
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