Global Colorants Market Analysis Technological Advancement Regional Outlook

Posted by Nikhil khadilkar on July 8th, 2019

Colorant market is industrially processed with resins, oils, and water based on the requirement. Colorants are the key ingredient in several products including cosmetics, coloring inks, plastics and paints. Color dye or dyestuffs are water soluble and are commonly used in coloring of textiles and papers. Colorants are also used for coating, master batches and painting purposes. Rising ecological concerns is driving the popularity of colorants derived from organic sources. Sales of organic colorant are picking up pace owing to rising environmental implication of inorganic colorants.

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As per the latest data released by Market Research Future (MRFR), the global colorants market is set to record a sound CAGR of 5.4% during the review period (2016-2023). Going by the projection, the market is likely to stand at a valuation of more than USD 68 Bn by the year 2023. Colorants are used in various types of application including photographs, plastics, prints, color ceramics, clothes and paints. There is a wide variety of colorants ranging from dyes to pigments. Moreover, they are available in both liquid and powdered form. Depending on the task or the requirement, powdered or liquid colorant is used.

Global Colorants Market: Competitive Landscape

MRFR’s in its report has profiled some of the top companies, which include E. I. du Pont de Nemours & Company (U.S.), Huntsman Corporation (U.S.), Cabot Corporation (U.S.), Sun Chemical Corporation (U.S.), BASF SE (Germany), DIC Corporation (Japan), Clariant AG (Switzerland), Flint Group (Europe), LANXESS AG (Germany), and PolyOne Corporation (U.S.)

Global Colorants Market: Segmental Analysis

MRFR’s report also includes a descriptive segmental analysis of the market based on source, composition, end-user industry, type and region. Based on source, the market has been segmented into synthetic and natural. By composition, the market has been segmented into inorganic and organic. By end-user industry, pharmaceutical, building & construction, automotive, textiles, packaging, personal care, paper & printing, foods & beverages and others. By type, the market has been segmented into pigments, masterbatches, paint, dyes, coatings, inks and others.

Global Colorants Market: Regional Analysis

The market has been covered across regions such as Europe, APAC, North America, the Middle East & Africa (MEA) and South America. Asia Pacific is expected to spearhead the global colorants market during the forecast period. This is primarily owing to the economic upsurge in countries such as India and China. Over the past couple years, these countries have been witnessing relentless expansion of sectors such as packaging, automotive, textile, and building & construction making them attractive business destinations.

Meanwhile, Europe holds the second largest share of the market and the trend is expected to continue throughout the assessment period. Presence of robust manufacturing the sector is having a positive impact on the region’s market. North America currently holds the third position and is expected to remain a profitable market for colorants in 2018 and beyond. Latin America and MEA are also expected to record positive gains but from a lower base. New policy frameworks and increased focus on economic diversification is attracting foreign investment in these regions.

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Nikhil khadilkar

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Nikhil khadilkar
Joined: December 19th, 2018
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