| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Plastic Color Concentrates Market Analysis
The Plastic Color Concentrates Market is expected to register a CAGR of less than 6% during the forecast period.
- However, stringent regulations regarding plastic usage and impact of COVID-19 pandemic are likley to hinder the growth of the market studied.
- Asia-Pacific dominated the market with the largest consumption coming from China, ASEAN Countries, and India.
Plastic Color Concentrates Market Trends
Automotive Segment to Drive the Market Growth
- Color concentrates have been extensively used in numerous automotive applications. Some applications of plastic color concentrates are automotive airbags (due to their excellent balance of flexible design and ease of processing) and under-the-hood applications (due to their excellent thermal resistance, fatigue endurance, and wear resistance).
- The automotive industry has seen slowdown from a couple of years. Asia, which is the largest automotive manufacturing hub, witnessed a decline of 6.4% in 2019. The major countries, like China, Japan, India, South Korea, Thailand, and Indonesia, registered negative growth in the production. This is majorly due to factors, like decline in domestic demand, increasing labor costs, and implementation of new vehicle norms (BS Stage 6 vehicles in India).
- However, the development of electric vehicles is expected to continue to gain momentum in the future, especially in Europe and China, where many government programs are promoting the move away from fossil fuels, owing to the various environmental concerns.
- The automotive industry, after suffering a slowdown in 2019, is suffering from another crisis due to the sudden outbreak of COVID-19 pandemic. The countries, like China, India, Italy, Germany, and Spain, have halted their production, and the factories have been shutdown.
- Since plastic color concentrates are a key material in manufacturing of several automotive components, the halt in production is expected to hinder the market demand in the short run, but it likley to recover thorugh the forecast period.
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Asia-Pacific to Dominate the Market
- Asia-Pacific is the largest consumer of plastic color concentrates with China being the largest market.
- China is a hub for chemical processing, accounting for most of the chemical production, globally. With the growing global demand for various chemicals, the demand for intermediates, such as acetic acid from this sector, is expected to increase significantly during the forecast period
- With 30% of the world's supply of plastics, China continues to maintain its leading position after having doubled the amount of plastic that it manufactures, as compared to 2017.
- Since 2013, China has been the world's largest plastic producer, accounting for ~1/4th of the global plastics production. The plastics industry in China has witnessed increased production outputs over the years, due to the growing demand for plastics in many end-user industries, like automotive assembly and electronic manufacturing. There are over 15,000 plastic manufacturing companies in the country.
- India's plastics industry is one of the largest in the world, with an estimated market size of INR 1.8 trillion. The industry produces and exports a wide range of raw materials, plastic-molded extruded goods, polyester films, molded/ soft luggage items, writing instruments, plastic-woven sacks and bags, PVC, leather cloth and sheeting, packaging, consumer goods, sanitary fittings, electrical accessories, laboratory/medical-surgical ware, tarpaulins, laminates, fishnets, travel ware, and others.
- With increasing demand for plastics from various applications including packaging, automotive, building and construction, and consumer goods, among others in different countries, the market for plastic color concentrates is likley to witness significant growth during the forecast period.
- However, due the onset of COVID-19, the economic growth of China now seems to contract by a considerable extent in 2020. Many manufacturing and associated activities have already taken a hit in early 2020, and the economic situation is expected to remain dire, if the manufacturing activities are not set back on track by mid-2020.
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Plastic Color Concentrates Industry Overview
The global plastic color concentrates market is partially consolidated in nature, with the top ten players accounting for a major share of the global market. Some of the prominent players in the market include Clariant, BASF SE, A. Schulman, Inc. (LyondellBasell Industries Holdings B.V.), Cabot Corporation, and PolyOne Corporation, among others.
Plastic Color Concentrates Market Leaders
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Clariant
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A. Schulman, Inc. (LyondellBasell Industries Holdings B.V.)
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Cabot Corporation
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BASF SE
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PolyOne Corporation
- *Disclaimer: Major Players sorted in no particular order
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Plastic Color Concentrates Industry Segmentation
The plastic color concentrates market report includes:
| Type | Solid Masterbatch | ||
| Liquid Concentrates | |||
| End-user Industry | Food and Beverage | ||
| Building and Construction | |||
| Automotive | |||
| Consumer Goods | |||
| Other End-user Industries | |||
| Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| ASEAN Countries | |||
| Rest of Asia-Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Middle-East and Africa | Saudi Arabia | ||
| South Africa | |||
| Rest of Middle-East and Africa | |||
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Plastic Color Concentrates Market Research FAQs
What is the current Plastic Color Concentrates Market size?
The Plastic Color Concentrates Market is projected to register a CAGR of less than 6% during the forecast period (2025-2030)
Who are the key players in Plastic Color Concentrates Market?
Clariant, A. Schulman, Inc. (LyondellBasell Industries Holdings B.V.), Cabot Corporation, BASF SE and PolyOne Corporation are the major companies operating in the Plastic Color Concentrates Market.
Which is the fastest growing region in Plastic Color Concentrates Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Plastic Color Concentrates Market?
In 2025, the Asia Pacific accounts for the largest market share in Plastic Color Concentrates Market.
What years does this Plastic Color Concentrates Market cover?
The report covers the Plastic Color Concentrates Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Plastic Color Concentrates Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Plastic Color Concentrate Industry Report
Statistics for the 2025 Plastic Color Concentrates market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Plastic Color Concentrates analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
