Color Concentrates Market Transforming Manufacturing with Sustainable and Customizable Color Solutions

Color Concentrates Market Size and Forecast 2025 to 2034

The global color concentrates market size was valued at USD 11.80 billion in 2024, and is projected to be worth around USD 22.59 billion by 2034  at a CAGR of 6.71% from 2025 to 2034. The benefits of color concentrates include high-impact special effects, quick color development, enhanced color dispersion, lower material costs, reduced energy consumption, etc., contributing to the growth of the market.

Color Concentrates Market Key Takeaways

• In terms of revenue, the market is valued at $12.59 billion in 2025.
• It is projected to reach $22.59 billion by 2034.
• The market is expected to grow at a CAGR of 6.71% from 2025 to 2034.
• Asia Pacific dominated the color concentrates market with the largest market share of 38% in 2024.
• By type, the solid segment dominated the market in 2024.
• By type, the liquid segment is expected to be the fastest-growing during the forecast period.
• By end-use industry, the consumer goods segment dominated the color concentrates market in 2024 and is anticipated to be the fastest-growing during the forecast period.
• By end-use industry, the packaging segment is estimated to be significantly growing during the forecast period.
• By distribution channel, the retail segment dominated the color concentrates market in 2024.
• By distribution channel, the online segment is anticipated to be the fastest-growing during the forecast period.
• By distribution channel, the wholesale segment is expected to grow significantly during the forecast period.

How is AI Revolutionizing the Color Concentrates?

The benefits of the use of artificial intelligence (AI) in color concentrates include image colorization; artists can create more realistic and attractive pleasant results in a fraction of the time it may take them to manually colorize images. Using AI in colorization is more accurate than manual colorization as it may detect precise details in an image that can be difficult for a human to see. Use of AI-based color correction tools due to advances in constantly improving and evolving.

• In February 2023, a new AI (artificial intelligence)-based color and mechanical properties prediction tool named ‘Lucidiris’ was launched by DSM Engineering Materials. The new prediction tool may reduce the time to market at the time of developing colors of high-performance materials for many different applications.
• In May 2024, the Sherwin-Williams Color Expert app generated by AI (artificial intelligence) technology was launched by Sherwin-Williams. The app provides next-generation, personalized recommendations quickly based on existing color schemes modified to one’s space.

Asia Pacific Color Concentrates Market Size and Growth 2025 to 2034

The Asia Pacific color concentrates market size is exhibited at USD 4.78 billion in 2025 and is projected to be worth around USD 8.70 billion by 2034, poised to grow at a CAGR of 6.84% from 2025 to 2034.

Asia Pacific held the largest share of the color concentrates market in 2024. The rapid economic growth in Asia-Pacific countries has increased consumer spending and demand for a wide range of colored products, further boosting the market for color concentrates. The large and growing population in Asia-Pacific contributes to a significant consumer market for various end products that use color concentrates. The region is investing heavily in research and development, leading to innovations in color concentrate technologies and applications, which drive market growth.

North America is observed to grow at the fastest rate in the color concentrates market during the forecast period. The benefits of color concentrates include a strong manufacturing base across diverse industries like construction, consumer goods, packaging, and automotive, which helps the growth of the market in the North American region. North America increases advanced technologies, innovative hubs, and innovative and high-quality color solutions that meet the requirements of many end users. These factors help the growth of the market in North America. The United States is the leading country in North America for the growth of the market.

• In July 2024, the winners of the 35th Packaging Innovations Award (PIA) were announced at Tokyo Pack 2024 by The Dow Chemical Company.

What Are the Key Trends Driving the Growth of the European Location-based Entertainment Market?

The European Location-based Entertainment Market is expected to witness significant growth over the forecast period, especially with the growing interest of consumers towards interactive and immersive entertainment solutions. European readers are delighted with the entertainment that takes into consideration the use of innovative technologies, i.e., augmented reality (AR), virtual reality (VR), and mixed reality (MR). The use of technology facilitates tourist interaction, where they stay longer and are more likely to visit the venue again, a factor that favours local industries and economies.

Furthermore, the trend of sustainability in the region measures the evolution of the market, because many LBE companies have gone green concerning an energy-efficient system and sustainable materials, based on European green ideals. Big cities also offer tourists location-based entertainment experiences, where traditional cultural heritage is mixed in with the latest technology to provide entertainment.

Plastic companies associated with color concentrates in the U.S.

• Berry Global
• AGC Chemicals Americas Inc.
• International Plastics
• ACI Plastics
• R & B Plastics Machinery LLC
• Plastic Components, Inc.
• Applied Plastics Inc.
• Omni Technologies Inc.
• The Dow Chemical Company

Asia Pacific is estimated to be significantly growing during the forecast period of 2025 to 2034. In the Asia Pacific region, many factors, which include increased demand for plastics, a shift towards sustainability, advanced technologies, and a suitable regulatory and economic environment, help the growth of the market. Research & development investments, production sites and facilities, global presence, and new market initiatives help to the growth of the color concentrates market.

• In April 2023, a significant step to expand manufacturing capabilities by opening a world-class facility in Rayong, Thailand was taken by Penn Color, Inc.

Market Overview

The color concentrates market refers to the sector of the chemical industry that produces additives used to transfer color to many materials. Color concentrates are also called color masterbatch. These concentrates are made of high-quality dyes or pigments with carrier resins that are used in textiles, coatings, plastics, and other materials to achieve specific shades and hues. Color concentrates on ensuring that attractive products align with the brand's look in consumer goods like appliances and electronics. In addition, the medical industry uses color concentrates to differentiate different medical devices and ensure they meet safety standards, which helps the growth of the market.

Color Concentrates Market Growth Factors

• The benefits of color concentrates include providing more consistent color throughout the product and high control over the intensity and shade of the color helping the market’s growth.
• Color concentrates are easy to handle and assimilate into the manufacturing process.
• It also helps to reduce costs and minimize waste, which helps the growth of the color concentrates market.
• In the medicine industry, color concentrates on differentiating different medical devices and ensuring they meet safety standards.

Market Scope

Market Dynamics

Drivers

Increasing adoption of plastics in consumer goods, packaging, and automotive

The rising demand for visually appealing and customized products across industries and the increasing adoption of plastics in consumer goods, packaging, and automotive contribute to the growth of the color concentrates market because it provides consistent color throughout the plastic products and also a high control over the intensity and shade of the color.

• In May 2022, according to a report published by PLASTICS FACTS, in automobiles, nearly 70% of the plastic parts are made up of Polypropylene (PP), Polyurethane (PU), and PVC.

Restraint

Essential guide required to color concentrates

It is not suitable for extrusion blow molding of HDPE bottles, limited applications with the engineered polymers, and slippage of screws at high use rates, mainly in pearl and opaque, due to container changeover production interruptions caused. Specialized pumps require many segments and additive limitations. Competition from alternative coloring substitutes or methods impacts production costs due to fluctuating raw material prices, technological disruptions, geopolitical tensions, economic fluctuations, market saturation, and regulatory hurdles that can hamper the color concentrates market growth.

Opportunity

Technological innovations and implementation of stringent government policies

The technological innovations and implementation of government regulations and policies contribute to the growth of the market. Technological advancements allow new applications and enhance efficiency. Innovations, including automation, artificial intelligence (AI), and machine learning (ML), are mainly powerful and are helping the growth of the color concentrates market.

Type Insights

The solid segment dominated the color concentrates market in 2023. Solid color and additive masterbatches, also called color concentrates, have the industry-wise best practices for coloring polymers worldwide. The cost-effectiveness, ease of use, shelf life and storage, combination of performance, and cleanliness give these solid color concentrates significant advantages over raw pigments, pre-colored resin compounds, and liquid color in most plastic applications. Solid color concentrates are easier to clean than liquid color spills.

The liquid segment is expected to be the fastest-growing during the forecast period. Liquid color concentrates may help to improve products at many stages of the production process. The benefits of liquid color concentrates include giving a leg up on the competition, high-value specialty effects that add value and versatility, rapid color development, enhanced color dispersion, lower material costs, and reduced energy consumption. Liquid color concentrates are used to color plastic-based products. The liquid color concentrates are used in areas such as the toy industry, electronic industry, furniture industry, automotive industry, medical technology, and packaging industry. These factors help the growth of the liquid color concentrates segment and contribute to the growth of the color concentrates market.

End-use Industry Insights

The consumer goods segment dominated the color concentrates market in 2023 and is anticipated to be the fastest-growing during the forecast period. In consumer goods, color concentrates play an important role. It helps to improve the attractiveness of products like furniture, toys, and appliances. It provides more consistent color to the plastic products and also high control over the intensity and shade of the color. These are easier to incorporate and handle in manufacturing processes, reducing costs and minimizing waste.

Consumer goods include huge product varieties purchased by the end users at retail channels whether eCommerce or retail stores. In Mexico, economies continue to develop and the middle class grows, and the consumption of goods and services increased by 6.5% in 2022 by Mexicans and providing opportunities for exporters of these consumer goods.

The retail channel share of consumer goods sales in Mexico in 2022 was as follows

Hyperstores (15%), eCommerce (12%), discount stores (11%), cash and carry (9%), pharmacies (8%), convenience stores (7.5%), supermarkets (6%), and food service (4%).

The packaging segment is estimated to grow significantly during the forecast period. The color concentrates play a significant role in packaging. To improve the visual appeal and vibrancy, it plays an important role in daily products. Applications of color concentrates in packaging include pharmaceutical packaging, industrial packaging, household packaging, health & beauty packaging, and food and beverage packaging. These factors help to the growth of the packaging segment and contribute to the growth of the color concentrates market.

• In March 2023, in Japan, the first graphene-enhanced PE additive masterbatch was launched by Gerdau Graphene for extruded packaging and more.

Distribution Channel Insights

The retail segment dominated the color concentrates market in 2024. Retail channels provide access to end consumers, mainly in sectors like automotive and consumer goods. The benefits of retail channels include marketing. Retail channels put responsibility for selling the product on the retailer; customers deal with retailers and give access to an additional customer base without investing in marketing and sales programs to capture new business and reach selling products through a retail channel, which extends the geographical reach of the business.

The online segment is anticipated to be the fastest-growing during the forecast period. The benefits of the online channel include allowing useful customer data collection, opening up new audiences, and reducing geographic constraints. However, carving out a sustainable market and competition is fierce. These factors help the growth of the online segment and contribute to the growth of the color concentrates market.

• In December 2023, Epicor Commerce launched the Automotive B2B eCommerce Platform. The platform features include part lookups and multi-seller support for distributors and their customers.

The wholesale segment is expected to grow significantly during the forecast period. Wholesale channels include production and manufacturing processes; in larger industries, buyers contribute to the growth of the market. The benefits of the wholesale channel include mitigation of risk, supply chain stability, storage capability, lower cost of business, simpler operations, and increased reach. These factors help to the growth of the wholesale segment and contribute to the growth of the color concentrates market.

Color Concentrates Markets Companies

• PolyOne
• Plasticoncentrates, Inc.
• Penn Color, Inc.
• Hudson Color Concentrates
• Guangzhou Bosi
• Ferro Corporation
• Far East Plastic Colors
• Dainichiseika
• Colortech Inc.
• Colorant Chromatics
• Clariant
• CABOT Corporation
• Breen Color Concentrates
• Ampacet Corporation
• A. Schulman, Inc.
• California Natural Color
• GNT USA

Top companies in the Color Concentrates Market

• Clariant: Clariant remains at the forefront by offering innovative solutions and products that are environmentally sustainable, with an emphasis on eco-friendly color concentrates. They offer sustainability and circular economy, making them a vendor of choice among environmentally conscious manufacturers.
• Cabot Corporation and BASF SE: Cabot Corporation and BASF SE employ the advantage of having good technology to produce high-performance color concentrates, which are of high regulatory standards. They are involved in the development of high-quality materials and high-density chemicals, which means that they will continue to play a central role whenever it comes to solving industry problems.

Recent Developments

• In April 2024, Niantic, Inc. and Trivver will be collaborating to create the correct solution for the AR Ad Measurement with 3D Smart Objects to elevate the quality and experience.
  (Source: https://www.auganix.org)
• In January 2024, Samsung Electronics announced the launch of the Visual eXperience Transformation platform, a cloud-native Content Management Solution for the future of content and remote signage management on a secure platform as a whole.
  (Source: https://news.samsung.com)
• In November 2023, Sony Pictures Entertainment revealed the launch of Wonderverse, an immersive entertainment attraction in the Chicago metropolitan region. The location Wonderverse takes the events of its television series, movies, and video games, such as Zombieland, 21 Jump Street, Bad Boys, Ghostbusters, and many more.
  (Source: https://deadline.com)
• In April 2022, the first organic colors were made by using safflower was launched by colors supplier, GNT USA. The company expanded its EXBERRY organic range with new green and yellow shades made from organic safflower.
• In October 2022, a new portfolio of Non-GMO Project Verified a range of clean-label EXBERRY color concentrates was launched by GNT USA. The new portfolio reduces the necessity of the manufacturers to secure independent non-GMO approval.

Segments Covered in the Report

By Type

• Solid
• Liquid

By End-use Industry

• Consumer Goods
• Construction
• Packaging
• Automotive
• Others

By Distribution Channel

• Online
• Retail
• Wholesale
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa