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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
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.
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.
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
Questions answered in the global color concentrates market research report:
Color Concentrates Market Report Highlights
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Key Market Players | Breen Color Concentrates, Hudson Color Concentrates, A. Schulman, Inc., PolyOne Corporation, Penn Color, Inc., Clariant, Ampacet Corporation, Plasticoncentrates, Inc., Ferro Corporation, Colortech Inc. |
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