The Asia-Pacific plastic color concentrates market is expected to witness a CAGR of approximately 7% during the forecast period, 2018 to 2023, majorly driven by increasing demand of plastic from the automotive industry. The rising usage in the consumer goods sector such as electronics goods, furniture is also likely to stimulate the market growth.
Plastic is used in the automotive industry to meet the economic and ecological needs by reducing vehicle weight, in turn ensuring fuel economy. The utilization of plastic color concentrates makes automobile resistant to harsh environmental conditions and more attractive and durable. Asia-Pacific is currently the manufacturing hub of automobiles and its components. Increase in production, particularly in China, India, Taiwan, Thailand and Indonesia, is anticipated to stimulate plastic color concentrates market demand.
The solid color concentrates segment is leading the color concentrates market, owing to its low price, less cost of installation, ease of transportation and storage, reduced waste etc. The liquid color concentrates segment is expected to grow at a high rate during the forecast period. The high growth can be attributed to the rapid color development, reduced energy consumption in their manufacturing, increased color consistency and low material costs.
In terms of consumption in 2017, China accounted for the largest market share in Asia-Pacific region. China is the automotive manufacturing hub in the region, which is contributing huge demand of plastic color concentrates in the country. India is expected to grow at a high rate, owing to high growth in the automotive and building & construction industry. The building and construction industry contributes around 8% to the country’s GDP. In the construction sector, the government has initiated projects such as 100 smart cities and ‘Housing for All by 2022’ and 500 AMRUT cities which will invite investments and is expected to immensely drive the residential construction and commercial construction market, which, in turn, is anticipated to boost the plastic color concentrates market.
Major Players: DowDuPont, A. Schulman, PolyOne Corporation, Cabot Corporation and Hubron International amongst others.
1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s 5 Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Increasing Use of Plastics in Automotive Sector
4.1.2 Growing Usage in Consumer Goods and Appliances
4.2.1 Shortage of Raw Material
4.2.2 Stringent Regulations Regarding Plastic Usage
4.3.1 Shifting Focus Towards Eco-Friendly Products
5. Market Segmentation and Analysis - (Market size, Growth and forecast)
5.1 By Product Type
5.1.1 Solid Color Concentrates
5.1.2 Liquid Color Concentrates
5.2 By End-user Industry
5.2.1 Food & Beverage
5.2.2 Building & Construction
5.2.3 Consumer Goods
6. Regional Market Analysis (Market size, growth and forecast)
6.4 South Korea
6.5 Australia & New Zealand
6.6 ASEAN Countries
6.7 Rest of Asia-Pacific
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & services, Recent Developments)
9.1 PolyOne Corporation
9.3 A. Schulman
9.4 Cabot Corporation
9.5 Ampacet Corporation
9.6 Hubron International
9.7 Ferro Corporation
9.8 Polyplast Muller Group
9.9 Jiangsu Pulaike Hongmei Masterbatch Co., Ltd.
9.10 Cheng-Feng Pigment
9.11 Hubei Zixin Biological Technology Co., Ltd.
9.14 Sun Chemical
9.15 Tosaf Group
*List not exhaustive
**Subject to availability of public domain