Color concentrates is a liquid or solid additive for plastic, which is utilized for coloring plastics or boosting the properties of plastics through additives like flame retardancy,fungal properties, and UV light resistance. The color masterbatchisadded to the plastics as additives which help in improvingthe product design and development process and enhances the overall appeal of the product. Plastic color concentrates can be used inautomotive,packaging, sports and leisure, movies, pharmaceutical, and non-woven fibers.
The color concentrate has 30-50% of the colorant and remainder is a carrier resin that binds the colorant. Specifying appropriately the use of color concentrates on the material in which they are being added is the greatest difficulty.Concentrates are usually added to the base resin at levels of 2 to 5 lb per 100 lb of the natural material.
Advantages of Color Concentrates:
o Easy to handle all forms of colorants.
o Better dispersions results in better color economy
o Extremely fine dispersions can be achieved.
o Combining colorants, additives, and modifiers are possible in asingle package.
Disadvantages of Color Concentrates:
o Requires careful material planning.
o Smaller quantities tend to be less economical.
o The concentrate is generally resin specific.Market Dynamics
The Plastic Color Concentrates Market is driven by
o Increasing usage of plastics in theautomotive industry and consumer goods.
o Growing use of aesthetics in packaging
o Increasing demand for plastics
o Industrialization in emerging economies
of universal carrier resins
However, this market faces certain drawbacks such as
o Shortage of raw material,
o Government regulations regarding usage of plastics
o Increased costs due to color matching
o Recycling of plastics is a major challenge.
Market Growth and Opportunities:
The Color Concentrates Market is expecting to grow at a CAGR of 6.5% from 2016 to 2021.It was valued at USD 4.24 Billion in 2016 and is estimated to reach USD 5.80 Billion by 2021. Since Automotive Industry is the fastest growing sector, it further boosts the growth opportunities for the plastic color concentrates market. The huge demand for color concentrates in plastics and packaging sectors is also boosting thecolor concentrates market across the globe. In addition, the changing focus towards the usage of liquid concentrates will provideopportunities for the growth of the plastic color concentrate market.Market Segmentation
On the basis of form, the color concentrates market can be segmented into:
On the basis of end-user industry, the color concentrates market can be segmented into:
--> Consumer Goods
--> Building & Construction
Key players in Global Plastic Color Concentrates Market:
Major players are Clariant International Ltd., Breen Color Concentrates, Oneilcolor,A.Schulman, PolyOne Corp., Cabot Corp, Dow Plastics International, Ferro Corporation, Polyplast Muller Group, Hubron International, and Ampacet Corp.Report Contents
> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key PlayersRegional Analysis:
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
> Eastern Europe
>> Rest of Eastern Europe
> Asia Pacific
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.Report Highlights:
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology
> Extensive Industry Structure Coverage
Publisher Name : Market Litmus