Global Color Concentrate Market Trends, Applications, Analysis, Growth, and Forecast to 2028

“Global Color Concentrate Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global color concentrate market report has been segmented on the basis of form, end-use industries, and region.

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Color Concentrate Market: Introduction                              

Color concentrates are the compounds to facilitate coloring of a wide range of plastics, where pigments are being bound up in concentrated form as it is easy to handle and is in non-dusting form. Concentrates normally composed of carrier polymer of same type as that need to be colored, or which has good compatibility with one to be colored. Moreover, it is important because if polymers are not compatible, there is a diminution of mechanical properties of finished article.

Color Concentrate Market: Dynamics

Rising adoption for color concentrate across various end-use industries including packaging for food & beverage packaging, healthcare & pharmaceutical packaging, and consumer goods packaging, among others and in building & construction for exterior, interior, agriculture structure construction, pipes, and tunnels is a factor expected to propel the global market growth. In addition, increasing demand for color concentrate form consumer goods and automotive industries is a key factor expected to propel the global market growth in the years to come.

In addition, rising demand for aesthetics look in packaging sector and rapid industrialization in emerging economics is among another factor expected to propel the target market growth over the years to come. Increasing demand for color concentrate products in developed countries is additional factor expected to augment the global market growth.

However, increasing cost due to color matching is a factor estimated to restraint the target market growth. In addition, problems related to recycling of plastics is another factor projected to challenges the global market growth to significant extent.

Color Concentrate Market: Segment Insights

Among the form segments, the solid segment is estimated to witness higher revenue share in the global color concentrate market, owing to various properties offered by the solid color concentrates including low price, inexpensive investments, less let down ratio, dry nature, excellent color control, reduced waste, and ease of storage and transportation, among others. The liquid segment revenue is projected to record fastest CAGR over the next 10 years.

Among the end-use industries segments, the packaging segment is expected to record major revenue share in the global color concentrate market, owing to increasing demand for the color concentrates for plastics coloring utilized for packaging lightweight products such as food & beverage packaging, healthcare & pharmaceutical packaging, and consumer goods packaging. The packaging segment revenue is expected to register fastest CAGR in the next few years.

Color Concentrate Market: Region Insights

Asia Pacific color concentrate market is projected to record highest revenue share contribution in the global color concentrate market, owing to increasing demand for color concentrates from the medical, cosmetics, food & beverages, and pharmaceuticals packaging. Asia Pacific market is expected to register fastest revenue growth, owing to increasing demand from construction and building and automotive industries and rapid development in consumer goods sectors in countries in region.

Global color concentrate market segmentation:

Segmentation by Form:

• Solid
• Liquid

Segmentation by End-Use Industries:

• Packaging
• Consumer Goods
• Building & Construction
• Automotive
• Others (Healthcare, Electronics, and Textiles)

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa