Global Color Concentration Market Insights, Opportunity Analysis, Market Shares and Forecast 2017 - 2023
Color concentrates are the additives which are added during the manufacturing process of plastics for enhancing the appeal of the product and improving the product design, quality and manufacturing process. Master batch is a liquid or solid additive for plastic, which is used for coloring plastics or enhancing the properties of plastics such as antimicrobial properties, anti-fouling properties, and UV rays resistance.
The growing demand for plastics in various industries is also a driver for the growth of the color concentrates market. Increased in usage of plastics in automotive industry and growing usage in consumer goods and electrical appliances is another driving factor which drives the growth of the color concentrate market.
On the basis of market segmentation it is categorized in three types On the basis of type, resin type, end user industry use. On the basis of type the color concentrates market has been classified into solid form and liquid form. The solid form dominates the color concentrates market. On the basis of resin type it is divided in polyethylene, polypropylene, polystyrene, others. On the basis of end user industry plastics, packaging, building and construction, consumer goods, automotive industry
Some of the major market players in the Color Concentrates Market are Clariant,Tampico beverages, PolyOne Corporation, A. Schulman, Inc., Ampacet Corporation, hubron international, Ferro Corporation, Breen Color Concentrates, Hudson Color Concentrates, Penn Color, Inc., Colortech Inc., and Plasticoncentrates, Inc. Clariant Established in 1980 as Galaxy Chemicals, it has presence in Latin America, Europe, North America, Africa and the Middle East. Some of the strategic initiatives of the company include merger and acquisitions. Clariant is in process of acquiring Galaxy Surfactants. Galaxy has wide range of specialty chemicals including surfactants, detergents, and coating additives.
On the basis geographical segmentation, the color concentrates market has been divided into four regions that are Asia-Pacific, North America, Europe, and rest of the world. Color concentrate market is growing at a rapid pace in Asia pacific region. There are various applications of different forms of color concentrate in end user industries such as plastic color concentrate is used in automotive parts for enhancing the properties of plastics, in packaging films. Asia Pacific region is the leading manufacturer of automotive motor vehicles having maximum contribution from countries such as China, South Korea, Japan and India are listed in top 10 automobile manufacturing countries. In 2015 production of cars manufactured in China is 24,503,326 motor vehicles. . The Chinese Packaging market is also contributing to the growth of global color concentrate market and was valued at 604,752 million units in 2016 and Paper & Board is the largest packaging type accounting for 213,505 million units in 2016.
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