Plastic Color Concentrates Market in Latin America - Segmented by Product Type, By Application Industry, and Geography - Trends and Forecasts (2017 - 2022)
The Latin America plastic color concentrates market was valued at USD 491.79 million in 2015 and is expected to reach USD 649.98 million by 2020, growing at a CAGR of 5.74% during the forecast period of (2017 - 2022). Color concentrates such as masterbatch are liquid or solid additives for plastics, used for coloring plastics or enhancing the properties of plastics via additives such as flame resistant, antimicrobial properties, anti-fouling properties, and UV light resistant. The color masterbatch is added to plastics in the form of additives; it can aid in enhancing the appeal of the product and improving the product design and development process.
The market is driven by the increasing usage of plastics in the automotive industry and the growing usage in consumer goods and electrical appliances. However, this market faces certain drawbacks such as shortage of raw material, which in turn, leads to high prices of master batch. The aforementioned factor may act as a roadbloack for the growth of the market.
The Latin America plastic color concentrate market has been segmented on the basis of type and end-user industry. On the basis of type, the market has been segmented into solid masterbatch and liquid concentrates. In terms of revenue, in 2015, solid masterbatch dominated the Latin America plastic color concentrates market with a share of 63%. By end-user industry, the market has been segmented into automotive, building & construction, sports & leisure (including toys), packaging, films, pharmaceutical, agricultural, and non-woven fibers.
The market has been geographically segmented into Argentina, Brazil, Chile, Peru, Columbia, Mexico, and Rest of LATAM (Latin America). In terms of market revenue in 2015, Mexico led the market with a share of 30%, followed by Brazil, and Argentina, with a market share of XX%, and XX%, respectively.
Furthermore, the shifting focus towards organic alternatives and towards the usage of liquid concentrates will offer numerous opportunities for growth of the Latin America plastic color concentrate market. Some of the major companies dominating the market with their products, and continuous product developments are Clariant International Ltd., A. Schulman, PolyOne Corp., Cabot Corp., and Ampacet Corp.
Key Deliverables in the Study
Market analysis for the Plastic Color Concentrates Market in LATAM , with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Plastic Color Concentrates Market in LATAM on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is booming and to also identify the regions that are still untapped