Market Size of Plastic Color Concentrates Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | < 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Plastic Color Concentrates Market Analysis
The market for plastic color concentrates is expected to witness a CAGR of around 6% during the forecast period. One of the major factor driving the growth of the market is the accelerating demand for plastics from various end-user industries.
- 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.