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.
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.
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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