The Middle East and Africa Color Concentrates Market is valued at USD 1.1 billion in 2021 and is expected to become a USD 1.35 billion market by 2026 growing at a CAGR of 8%.
The Middle East and Africa 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 these 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.
The Middle East and Africa Color Concentrate market can be classified based on type into solid and 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, 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.
By the end-use industry, the Middle East and Africa Color Concentrate market can be categorized into consumer goods, packaging, construction, and 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.
The Middle East and Africa Color Concentrates Market geographical analysis:
In view of the region, the Middle East and Africa Color Concentrates Market have been fragmented into Saudi Arabia, Nigeria, South Africa, Kuwait, Qatar and UAE are some of the largest markets for color concentrates in the Middle East and Africa.
The Middle East and Africa Color Concentrates Market key players:
Major companies plying their trade in the Middle East and Africa Color Concentrates Market include
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: email@example.com