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Latin America Color Concentrates Market - By Type (solid, liquid), By end-use industry (Consumer Goods, Packaging, Construction, Automotive) by Region (Mexico, Argentina, Brazil and the rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, and Forecast Report to 2027

Published: January, 2022
ID: 8217
Pages: 170
Formats: report pdf report excel report power bi report ppt

Latin America Color Concentrates Market Size and Growth 2022-2027

Latin America Color Concentrates Market is valued at USD 1 billion in 2022 and is expected to become a USD 1.87 billion market by 2027 growing at a CAGR of 7.21%.

Color Concentrates are the pigments that are blended with other compounds to produce goods with the desired color. They are used to increase the aesthetic and visual appeal of the product, which helps in attracting customers and in establishing the Brand by distinguishing it from products of other competitors.  The growth in the market is driven by increasing demand for plastics, packaging materials, paints and varnishes, pharmaceuticals, cosmetics, packed food products, beverages, and construction materials. Due to their ubiquitous usage color concentrates find application in many industries. Growing consumerism and increased usage of plastics and packaging materials are contributing to the ever-increasing demand for color concentrates. Environmental restrictions on the processes used to make this color concentrates, increasing labor and production costs, and the restrictions on usage and recycling of plastics are among the factors that are restricting the growth of the Color concentrate market.

Latin America Color Concentrates Market segmentation:

The Latin America Color Concentrates market can be classified

Based On Type:

  • Solid
  • Liquid.

The solid Color Concentrates market is the larger of the two and this can be attributed to the many salient features of solid color concentrates like a lower price, reduced wastage, easier transportation, low let down ratio, and low capital requirements for production, and dry nature. But the liquid color concentrates market is anticipated to grow faster due to the numerous other advantages offered by the liquid concentrates, like greater color dissipation and consistency, faster color development, easier and more accurate metering, and lower cost of raw materials and energy consumption in production.

Based on The End-Use:

  • Consumer goods
  • Packaging
  • Construction
  • Automotive sectors

Among the sectors the packaging segment is the largest market, this is due to the increased use of plastics, dyed paper, and cardboard boxes for marketing and packaging of products.

Regional Analysis:

  • Mexico
  • Argentina
  • Brazil

Brazil is the largest market in Latin America and is expected to retain the top spot during the forecast period.

Latin America Color Concentrates Market key players:

Major companies plying their trade in the Latin America Color Concentrates Market include 

  1. Ampacet Corporation
  2. Ferro Corporation
  3. A. Schulman, Inc
  4. Penn Color, Inc
  5. PolyOne Corporation

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