Colorants Market Global Outlook 2018, Development Trends, Growth Opportunity, Demands Overview, Industry Analysis and Business Forecast by 2023

Global Colorants Market Information- by Composition (Organic, Inorganic), by Source (Natural, Synthetic), by Types (Dyes, Pigments, Coatings, Masterbatches, Inks, Paint), End User Industry (Textiles, Packaging, Pharmaceutical, Personal Care, Building & Construction, Foods & Beverages, Automotive, Paper & Printing) and by Region - Forecast till 2023

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.

Colorant pigments are industrially processed with resins, oils, and water based on the requirement. Colorants are the key ingredient in a number of 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. The pressure has increased on sectors such as food & beverage, textile, automotive and packaging to adopt raw materials that environmentally viable. Colorant consumption has continued to increase in other sectors such as building & construction, pharmaceuticals and printing. These are important elements that are likely to support the growth of the market during the assessment period. Nonetheless, the inorganic colorant variants may take a major hit as with laws becoming more stringent on their usage. At the same time, price fluctuation of raw materials is also expected to pose challenges for market players.

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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), lint 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. Consequently, the Colorant demand from these industries have increased significantly. APAC countries including China, India and many of the ASEAN countries are posting higher consumption of Colorants. 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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