Recent report published by research nester titled “Color Concentrates Market: Global Demand Analysis & Opportunity Outlook 2027″ delivers detailed overview of the global color concentrate market in terms of market segmentation by form, by end-use and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global color concentrate market can be segmented on the basis of form and end-use. On the basis of form, it is further sub-segmented into solid and liquid. On the basis of end-use, it is further sub-segmented into packaging, consumer goods, building and construction and automotive. The packaging end-use industry segment is dominating the color concentrates market and is expected to expand at the highest CAGR during the forecast period.
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The growth of packaging segment can be attributed to fact of increasing use of color plastics which includes color concentrates which are widely used in the packaging industry. Plastics are preferred for packaging because they have high quality such as high strength, increased flexibility and high stability. The use of color concentrates for packaging the products helps in differentiating the products, thus influencing preferences of customers.
The global color concentrate market is expected to expand at a CAGR around 7% during 2017-2027 and it is expected to reach around 6.5 Bn by 2027. The increasing demand for plastics from various end-use industries is augmenting the demand for color concentrate which in turn will increase the market size of global color concentrate.
By region, Asia-Pacific color concentrate market is projected to expand at the healthy CAGR over the forecast period on the account of increased demand for plastics in the region which is a result from growing middle class population, rapid urbanization, and increasing purchasing power of consumers. The rising consumer goods and packaging industries in the region are also increasing the demand for color concentrates in the Asia-Pacific region.
Increasing demand from various end-use industries is anticipated to boost the global color concentrate market
In recent years, there has been continuous increase in the demand of plastic from various end-use industries. The increasing demand is on the account of distinguishing the products by providing attractive finishing. Additionally, the low cost of plastics attracts many industries towards the use in various end-use segments.
The combustion and degradation of plastic is difficult , government across the globe are formulating various regulations many such as in India an act named Plastic Waste Management Rules, 2016 which is checking the use of plastics.
This report also provides the existing competitive scenario of some of the key players of the global color concentrate market which includes company profiling of key companies such as Clariant Corporation, PolyOne Corporation, Ampacet Corporation, Ferro Corporation, Breen Color Concentrates, Colortech Inc., Penn Color, Inc., Plasticoncentrates Inc., Americhem Inc., Hudson Color Concentrates, Schulman, Inc., Carolina Color Corporation, Dainichiseika Color & Chemicals Mfg. Co., Ltd. and Far East Plastic Colours Co., Ltd. .
The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global color concentrate market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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