The color concentrates market was valued at USD 4.24 Billion in 2016 and is projected to reach USD 5.80 Billion by 2021, at a CAGR of 6.5% from 2016 to 2021. The increasing use of color concentrates for improving the aesthetic appearance of packaging and growing demand for plastics across various industries is expected to drive the growth of the market for color concentrates during the forecast period
The report analyzes the key growth strategies adopted by the leading market players between 2011 and 2016. Clariant (Switzerland), PolyOne Corporation (U.S.), A. Schulman, Inc. (U.S.), Ampacet Corporation (U.S.), Ferro Corporation (U.S.), Breen Color Concentrates (U.S.), Hudson Color Concentrates (U.S.), Penn Color, Inc. (U.S.), Colortech Inc. (U.S.), and Plasticoncentrates, Inc. (U.S.), among others are the key players operating in the color concentrates market. The strategy of mergers & acquisitions was the key growth strategy adopted by these leading market players to strengthen their positions in the color concentrates market. This strategy accounted for a share of 40.0% of the total growth strategies adopted by market players between 2011 and 2016.
Clariant (Switzerland) is one of the key players operating in the color concentrates market. The company operates in color, additive, and masterbatch businesses. It has adopted the strategies of new product launches, mergers & acquisitions, and agreements & partnerships to enhance its position in the color concentrates market. For instance, in April 2014, Clariant Chemicals India Ltd. (India), a business unit of Clariant in India, acquired Plastichemix Industries (India). Plastichemix Industries (India) has manufacturing plants located at Rania, Kalol, and Nandesari in Gujarat (India) and is a supplier of black, white, additive, filler, and color masterbatches, flushed pigments & mono-concentrates, and engineering plastics compounds.
PolyOne Corporation (U.S.) is another key player in color concentrates market and specializes in liquid color concentrates, along with solid color concentrates. The company has adopted the strategies of new product launches, mergers & acquisitions, and agreements & partnerships to strengthen its position in the color concentrates market and increase its market shares. For instance, in September 2014, the company invested in its production facility in Pune, India to increase its manufacturing of solid masterbatches, liquid colors, and additive formulations. Production of masterbatches involves the use of color concentrates. In August 2014, the company developed shimmer and frost-effect colorants. These new liquid color concentrates have application in polyethylene terephthalate (PET) containers as they give the unique surface appearance to the product and differentiate it from other products.
Color Concentrates Market by Form (Solid and Liquid), End-Use Industry (Packaging, Consumer Goods, Building & Construction, Automotive), Region (Asia-Pacific, Europe, Middle East & Africa, North America, South America) - Global Forecast to 2021
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