Color Concentrates Market

Color Concentrates Market Analysis:

Color concentrates are the pigments that comprise carrier resin. These are the compounds used to support the coloring of a different variety of plastics and for various other applications. Composition and molecular weight of the carrier resin are the key factors that yield color concentrates. Increase in demand from various industries such as consumer goods, packaging, and construction, and automotive is supporting the growth of the color concentrates market. Color concentrates used in various industries and applications due to its features including high dispersing power, thermal stability, and high pigment loading. Color concentrates majorly find their application in automotive parts and appliances, food & beverages, and packaging.

COVID-19 scenario analysis

• The outbreak of COVID-19 pandemic has forced many companies in the plastic color concentrate market to stop their business operations to meet the stringent regulations of lockdown. 
• The shutdown of operations is directly impacting the revenue flow of the plastic color concentrate market.
• In addition, the outbreak of coronavirus has negatively impacted the automotive industry where such color concentrates are majorly used for airbags and under hood applications due to their high thermal resistance and wear resistance. 
• Decline in demand for automobiles during this pandemic has negatively affected the demand for color concentrates.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Increase in demand for color concentrates in packaging industries, consumer goods, automotive, and building & construction is driving the growth of the color concentrates market across the globe. The use of color concentrates of different shades for packaging makes the product more attractive, thereby driving their demand. However, high cost of color hamper the market growth.

New product launches to boost the market growth

Ampacet, a global manufacturer of masterbatch, launched a new product named as metal detectable masterbatch for plastics. The new product is designed to enhance food safety by minimizing food contamination. In addition, the company launched blue edge 226. This product improves the performance of post-consumer resins plastics by increasing the brightness of plastic film.

Color concentrates are used in plastic polymers to give color to plastic that are bland and boring. In addition, they are used in the form of solid color and additive masterbatches. By using different color packaging of bottles, containers, cosmetic tubes, bags, and caps, the use color concentrates to differentiate products give an attractive look to the products.

Surge in usage of color concentrates in consumer goods

Increase in demand from end-use industries, including packaging, agriculture, consumer goods, paint, agriculture (such as nursery films, greenhouse and mulch film) is boosting the growth of the color concentrates market. The automotive industry is expected to provide lucrative opportunities for color concentrate manufacturers in the near future. Consumers are shifting their preference toward   electric vehicles as compared to conventional vehicles. Electric vehicles are made of plastics and composites, which is expected to drive the growth of the color concentrates market. Moreover, metal parts are being replaced by plastic components, thus increasing the use of color concentrates in vehicles.

Key benefits of the report

• This study presents the analytical depiction of the global color concentrates market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global color concentrates market share.
• The current market is quantitatively analyzed to highlight the global color concentrates market growth scenario.
• Porter’s five forces analysis of the key market players illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global color concentrates market research report:

• Which are the leading market players active in the global color concentrates market?
• What are the upcoming trends of the color concentrates market?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Color Concentrates Market Report Highlights