Color Concentrates Market Size 2021 | Current and Future Plans by Forecast to 2027, Strategies, Business Share, Investment Opportunities, Revenue Expectation, Future Trends, and Prominent Players | Says Kenneth Research

(MENAFN- America News Hour) Product Overview
Color concentrates are the pigments that contain carrier resin. These are the compounds used to assist the coloring of a distinct variety of plastics and for various other applications. Composition and molecular weight of the carrier resin are the major components used to yield color concentrates. The growing demand from various end user industries such as consumer goods, packaging, construction and automotive is supporting the demand for the color concentrates

market Size and Forecast
The global color concentrate market is anticipated to reach around 6.5 Bn by 2027. The global color concentrate market is expected to expand at a CAGR around 7.0% during 2017-2027. The increasing demand for color concentrates in packaging industries is driving the growth of the color concentrates market across the globe.

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The global color concentrate market can be segmented on the basis of form and end-use. On the basis of form global color concentrate market is segmented into solid & liquid. Based end-use global color concentrate market is sub segmented into packaging, consumer goods, building & construction and automotive. By end use segment, packaging industry sub-segment is leading and is anticipated to grow at the substantial CAGR during the forecast period. The use of color concentrates of different shades for packaging makes the product more attractive.

By region, global color concentrate market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. The Asia Pacific region is anticipated to register rapid growth on the account of the increasing application of color concentrate by end user industries. Additionally, rapid industrialization of various end-use industries in countries such as China and India is also contributing in the development of color concentrates market. China is estimated to be the most prominent market for color concentrates on the account of increasing automotive sector in the country.

Market Segmentation
Our in-depth analysis segmented the global color concentrate market in the following segments:

By Form:
Solid
Liquid

By End-Use:
Packaging
Consumer Goods
Building & Construction
Automotive

By Region
Global color concentrate market is further classified on the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis

Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.

Growth Drivers and Challenges
Increasing demand for color concentrates from various end-use industries such as packaging, consumer goods, automotive and building & construction is anticipated to fuel the market growth of color concentrates during the forecast period. The growing use of aesthetics in packaging and increasing demand for plastics is driving the demand for color concentrate market. Moreover, industrialization in various developing regions across the globe and launch of universal carrier resins are expected to propel the color concentrates market.

However, there are also certain restraints associated with it such as high costs owing to color matching are hindering the market growth of color concentrates. Furthermore, recycling of plastics is a major challenge in the color concentrate market. It causes various environment effects which is compelling the government to make stringent regulations regarding the use of color concentrates.

Key Players
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.
Far East Plastic Colours Co., Ltd.

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About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology

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