Europe Color Concentrates Market Analysis, Leading Industry Players, Recent Trends, Potential Growth, Demand and Forecast by 2029

Europe Color Concentrates Market - Industry Trends and Forecast to 2028

Europe Color Concentrates Market
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Market Analysis : Europe Color Concentrates Market

Europe color concentrates market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 5.7% in the above-mentioned forecast period and is expected to reach the USD 2.77 billion by 2028.

Color concentrates basically refers to the compounds or pigments which help in felicitating the coloring of wide variety of plastics for numerous different applications including packaging, agriculture, consumer goods, paint, agriculture (such as nursery films, greenhouse and mulch film)among others. The product is highly known for its utilization in the packaging and electronics sectors as it is considered to be the due to its durability and cost-effectiveness.

The factors such as rapid urbanization and industrialization especially in emerging economies and surge in demand from end use industry such as packaging, agriculture, consumer goods, paint and agriculture among others are estimated to be the root cause fueling up the color concentrates market growth rate. Additionally, the growing importance of aesthetics in packaging, rise in increasing demand for plastics and extensive use of the product in various automotive applications such as applications associated with the plastic color concentrates for automotive airbags owning to their excellent balance of flexible design and ease of processing, and under-the-hood applications because of their excellent thermal resistance, fatigue endurance and wear resistance will also directly and positively impact the growth rate of the color concentrates market.

Moreover, the technological advancements such as introduction of universal carrier resins further offer a variety of growth opportunities for the market.

However, the increasing cost of the product because of color matching and competition from pre-colored compounds derail growth of the color concentrates market. Also, issues with the recycling of plastics and negative impact of COVID-19 on the manufacturing industries globally pose as a major challenge for the market’s growth.


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