Latin America Plastic Color Concentrates Market - Segmented by Product Type, End-User Industry, and Geography - Growth, Trends and Forecasts (2018 - 2023)

Latin America Plastic Color Concentrates Market - Segmented by Product Type, End-User Industry, and Geography - Growth, Trends and Forecasts (2018 - 2023)

The Latin American plastic color concentrates market is expected to witness a CAGR of approximately 6% during the forecast period, 2018 to 2023, majorly driven by the increasing demand for plastic from the automotive industry. The rising demand from the construction sector in Mexico is also likely to stimulate market growth.

Demand from Automotive Industry Driving the Market

The automotive production in the Brazil has been picking up pace after a major breakdown in 2016. It has witnessed a growth rate of more than 25% in 2017, accounting for the production of around 2.7 million vehicles. A growth of more than 10% is also likely to be witnessed in 2018, following the announcement of investments by Mercedes-Benz in the truck and bus plants. Due to the use of plastic color concentrates to make automobiles resistant to harsh environmental conditions and more attractive and durable, the growth in the automotive industry is likely to drive the demand for plastic color concentrates in the region.

Liquid Color Concentrates Expected to Witness Highest Growth

The solid color concentrates segment is leading the color concentrates market, owing to its low price, less cost of installation, ease of transportation and storage, reduced waste, etc. The liquid color concentrates segment is expected to grow at a high rate during the forecast period. The high growth can be attributed to the rapid color development, reduced energy consumption in their manufacturing, increased color consistency, and low material costs.

Mexico Construction Sector Witnessing Huge Demand in Latin America

In terms of consumption in 2017, Brazil accounted for the largest market share in the Latin American region due to huge demand from the food & beverages industry. Mexico is expected to witness the highest growth rate due to increasing demand from the construction industry. Most of the construction market share in the country is held by the private sector (around 77%), out of which the residential spaces are leading. Mexico’s housing sector is showing signs of more sustainable momentum, underpinned by moderate economic growth. The commercial sector also continued to receive strong capital investment from both foreign and domestic sectors, thus driving new construction, which in turn, increases the consumption of plastic color concentrates.

Major Players: Ampacet Corporation, A. Schulman, PolyOne Corporation, Cabot Corporation, and Cromex, among others.

Reason to Purchase the Report

To understand the impact of various product type on the market

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

To understand the dominating product type and end-user industry in the market

Countries expected to witness the fastest growth during the forecast period

Identify the latest developments, market shares, and strategies employed by the major market players.

3 month analyst support, along with the Market Estimate sheet (in Excel)

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1. Introduction
1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand from Automotive Industry
4.1.2 Growing Demand from Construction Sector in Mexico
4.2 Restraints
4.2.1 Shortage of Raw Material
4.2.2 Stringent Regulations Regarding Plastic Usage
4.3 Opportunities
4.3.1 Shifting Focus Towards Eco-friendly Products
5. Market Segmentation and Analysis - (Market Size, Growth, and Forecast)
5.1 By Product Type
5.1.1 Solid Color Concentrates
5.1.2 Liquid Color Concentrates
5.2 By End-user Industry
5.2.1 Food & Beverage
5.2.2 Building & Construction
5.2.3 Consumer Goods
5.2.4 Automotive
5.2.5 Others
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Brazil
6.2 Mexico
6.3 Argentina
6.4 Rest of Latin America
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
9.1 PolyOne Corporation
9.2 A. Schulman
9.3 Cabot Corporation
9.4 Ampacet Corporation
9.5 Universal Masterbatch LLP
9.6 Cromex
9.7 Sun Chemical
9.8 Clariant
9.9 Uniform Color Company
9.10 ZOZER S.A. de CV
9.11 Toyo Ink
9.12 Marzullo SA
9.13 Plastiblends
9.14 Recubrimientos Plasticos SA DE CV
*List not exhaustive
10. Disclaimer
**Subject to availability on public domain

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