Asia-Pacific Color Concentrates Market is Expected to Register a Substantial CAGR During 2019 -2026

Color concentrates are the compounds that help in felicitating the coloring of a wide variety of plastics for various applications. The increased demand from end use industry such as packaging, agriculture, consumer goods, paint, agriculture (such as nursery films, greenhouse and mulch film) among others are increasing the demand for color concentrates, thus helping the market to grow in near future. The color concentrates market has substantially grown over the years and has gained popularity among the packaging and electronics market. It is considered to be the most durable and cost effective colorant to be used for different applications.
Asia-Pacific color concentrates market is expected to register a substantial CAGR in the forecast period of 2019 -2026.

Drivers: Global Color Concentrates Market

  • Growing importance of aesthetics in packaging of products
  • Increased usage of eco-friendly color concentrates
Restraints:
  • Increasing plastic pollution worldwide
  • Phase out of single use plastics
Opportunity:
  • Color concentrates with sparkle effect
Challenge:
  • Increasing problem of color swirling
Market Trends:
Global color concentrates market is segmented into three notable segments on the basis of form, carrier and application.
  • On the basis of form, the market is segmented into liquid and solid. The increased demand of solid color concentrates due to their hardening property is the reason why they are considered as the dominating segment in the color concentrates market
  • On the basis of carrier, the market is segmented into polyethylene, polypropylene, PC, polystyrene, EVA, ABS, and others. Polyethylene is dominating the color concentrates market, as there is an increased demand of polyethylene due to their easy availability and cost-effectiveness
  • On the basis of application, the market is segmented into packaging, automotive, electronics, healthcare, consumer goods, textile, building & construction and others.

Competitive Analysis: Asia-Pacific Color Concentrates Market

Some of the major players operating in this market are Ferro Corporation, Cromex S/A, Chroma Color Corporation, Unicolor Masterbatching and Additives Incorporated, Plastics Color Corporation, AGC Inc., LyondellBasell Industries Holdings B.V., PolyOne, Clariant, Colortech Inc., Accurate Color & Compounding, Inc., Ampacet Corporation, Badger Color Concentrates, F&D PLASTICS, Precision Color Compounds, Primex Color, Compounding & Additives, Royce Global, Inteplast Group, PEACOCK COLOR and Penn Color Inc., and Masterbatch & Color Concentrates among others.
Product Launches:
  • In September 2019, Honeywell International Inc started using UOP's C3 Oleflex technology for producing 450,000 metric tons per year of polymer-grade propylene in a new petrochemicals complex in China. This technology will help the company to expand its business in China and to meet the requirement for propylene
  • In 2019, Ampacet a global manufacturer of masterbatch launch a blue edge 226. The product will improve the performance of post-consumer resins plastics by increasing the brightness of plastic film
  • In 2019, A. Schulman launched 2018/2019 color and technology trend collection at LuxepacK. The main aim for this launch is to provide their customers with the best support regarding their color choices to stand best in the market.

Research Methodology: Asia-Pacific Color Concentrates Market

Primary Respondents: Key Industry Participants, Subject-Matter Experts (SMEs), C-level Executives of Key Market Players, Market Intelligence Managers, National Sales Managers and Industry Consultants.
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