Polymer and Color Concentrates Market: Opportunities, Demand and Forecasts, 2028

Report Description

A recent market intelligence report that is published by Data Insights Partner on the global Polymer and Color Concentrates Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Polymer and Color Concentrates Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Polymer and Color Concentrates Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Polymer and Color Concentrates Market is offered. In accordance with the report, the global Polymer and Color Concentrates Market is projected to expand by healthy CAGR over the period of forecast.

Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:

Definition

The term polymer suggests large molecules embodied by numerous repeating subunits. Color concentrates is also known as liquid color concentrate. It is process that comprises of a liquid binder (also known as carrier), colorant, and additional additives viz. stabilizers, process additives and other things close to it. Polymer and color concentrates are integrated together for dying the plastic, the absence of which will lead to aesthetical displeasure and also for interchanging certain properties. Color concentrates is added to polymer in the form of solid, liquid or in additive masterbatches.

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Market Drivers

The polymer and color concentrates market is primarily driven by the surging application of polymers in different sectors. Polymers comprises of a variety of properties. It consists of mechanical properties namely viscoelasticity and tensile strength, transport properties like diffusible and also viscoelasticity, chemical properties that include bonding with a verity of chemicals, electrical properties like insulators and semiconductors and optical properties. These properties of polymer make its widespread application in a variety of sectors and thriving the polymer and color concentrates market.

The drive for aesthetic pleasure coupled with the soaring demand for packaging material are also fueling the growth of this market. Polymer and color concentrates are extensively used in the packaging of a variety of goods especially of the food and beverage industry and skin-care and wellness industries. The application of polymer without color concentrates makes it visually displeasing in the packaging industry. Attractive packaging is very important component for capturing market base of any product. Moreover, the importance attached to alluring packaging by different firms of different goods is a key determinant of this market. In this context, it is also important to mention that the sectors that use polymer and color concentrates is also booming.

The automotive industry is providing significant impetus to the growth of the polymer and color concentrates market. It has found its application as a generator for thermal resistant, wear resistant and fatigue endurance. In the automotive industry, it is also used as airbags because of flexibility of design and ease in production. The growth of automotive industry in developing and underdeveloped industry is powering the growth of this market.

Market Restraints

The widespread use of polymers and color concentrates poses harmful impact on the environment both the long run and short run. These goods are non-disposable and the discharge of these goods by some final user without any consideration is threatening the environment. The government’s and individual’s concern about environment coupled with the rigid norms of using plastics and polymers are hampering the growth of this market.

Due to the need for glamourous look of the final products using polymer and color concentrates, coloring toning is important. But the process of complementing colors come with a cost and that is extravagant. Also, color matching is not befitting for certain applications. These factors are severely hindering the growth of the polymer and color concentrate market.

Opportunities

Although a significant demand for polymer and color concentrates come from the automotive industry but this sector has recorded downturn in 2019 and due to the outbreak of Covid-19. But the market is likely to flourish and the introduction of electric vehicles is likely to provide bankable opportunities for the polymer and color concentrates market.

The application of polymer and color concentrates is likely to sustain and grow because it is used as a packaging material in most of the industries that are expected to prosper.

Trends

It can be projected that the Asia-Pacific region is likely to be the fastest growing region for the polymer and color concentrates market because of the presence of India and China. Actually Asia-Pacific is the biggest consumer of polymer and color concentrates products and the largest market in Asia-Pacific is located at China. China is the dominant producer of this product globally counting to one-fourth production. Thirty percent of the global supply of the product is made by China. Actually, China is the fulcrum of chemical production and hence it has gained such a significant position. The largest industry for polymer and color concentrates is located in India with a market size of INR 1.8 trillion owing to the fact that a variety of division of this product is produced. Moreover, the variety of sectors in which polymer and color concentrates can be used to is huge and has growth prospects. So, it can be projected that the polymer and color concentrate market is likely to be skyrocketing in the forecast period.

Segment Covered:

This market intelligence report on the global Polymer and Color Concentrates Market encompasses market segments based on polymer type, color concentrates technology type, application, and country.

           By Polymer Type the global Polymer and Color Concentrates Market has been divided into:

 

q  Thermoplastic Elastomers (TPE)

q  Engineering Plastics

q  PET

q  Styrenics

q  Olefins

q  Others

By Color Concentrates Technology Type the global Polymer and Color Concentrates Market has been divided into:

 

q  Spinning

q  Blow Molding

q  Injection Molding

            By Application the global Polymer and Color Concentrates Market has been divided into:

 

q  Consumer Products

q  Automotive Industry

q  Packaging Industry

q  Electrical & Electronics Department

q  Medical and Healthcare Sectors

q  Others

 

             By country/region, the global Polymer and Color Concentrates Market has been divided into:

 

q  North America (the U.S., Canada),

q  Latin America (Brazil, Mexico, Argentina and other countries),

q  Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),

q  Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),

q  Middle East and Africa (GCC, South Africa, Israel and Other countries).

Profiling of Market Players:

This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:

q  Chroma Color Corporation

q  Plastics Color Corporation

q  PolyOne Corporation

q  RTP Company

q  Ampacet Corporation

q  AMERICHEM

q  Teknor Apex

q  Colortech Inc

q  COLOR MASTER INC

q  Penn Color Inc

q  Maxichem Specialty Compounds Inc

others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Polymer and Color Concentrates Market related investment & spending and developments by major players of the market are tracked in this global report.

 

Report Highlights:

In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.

Few Recent Developments

Primex Color, Compounding & Additives

A new segment of thermoplastic elastomers that is applied in numerous injection moulded products by Primex Color, Compounding & Additives on May 2017. The launch of this new line of products expanded the product portfolio.

 

Ampacet Corporation

 

Blue Edge 226 was launched by the global masterbatch manufacturer, Ampacet Corporation in 2019. By raising the shine of plastic film, this product was expected to improve the accomplishment of post-consumer resins plastics.

Chroma Color Corporation

In August 2018, Breen, Chroma, Carolina, and Hudson merged together to form a new single entity named Chroma Color Corporation. The abovementioned companies jointed hand-in-hand to perform as a single unit by producing superior quality products to serve the consumers better.

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Salient Features:

Ø This study offers comprehensive yet detailed analysis of the Polymer and Color Concentrates Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year

Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market

Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook

Ø Profiling of key market players in the world Polymer and Color Concentrates Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview

Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation

Ø The world market for Polymer and Color Concentrates caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Polymer and Color Concentrates Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants

Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports

Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation

Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion

Reasons to buy:

v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Polymer and Color Concentrates Market

v Identification of key factors driving investment opportunities in the Polymer and Color Concentrates Market

v Facilitate decision-making based on strong historic and forecast data

v Position yourself to gain the maximum advantage of the industry’s growth potential

v Develop strategies based on the latest regulatory events

v Identify key partners and business development avenues

v Respond to your competitors’ business structure, strategy and prospects

v Identify key strengths and weaknesses of important market participants

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