Colorants Market To Witness Phenomenal Growth by 2023
Global Colorants Market was valued at $41 billion in 2016, and is projected to reach $64 billion by 2023, registering a CAGR of 6.5% from 2017 to 2023.
Global Colorants Market was valued at $41 billion in 2016, and is projected to reach $64 billion by 2023, registering a CAGR of 6.5% from 2017 to 2023.
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Opportunity Analysis and Industry Forecast, 2016-<strong>2023</strong>
Introductionof<br />
<strong>Colorants</strong> <strong>Market</strong><br />
The global colorant market was valued at $41 billion in 2016, and is projected to reach<br />
at $64 billion <strong>by</strong> <strong>2023</strong>, registering a CAGR of 6.5% from 2017 to <strong>2023</strong>.<br />
Rise in the plastic, paints & coatings, and cosmetics industry in the emerging<br />
economies such as, India, Brazil, UAE, Saudi Arabia, and Africa. Moreover, the<br />
increased consumer spending on packaged food boost the market growth. In addition,<br />
the ever-growing technological advancements and easy availability of dyes from plants<br />
and animals support the growth. However, the market growth for colorant is restricted<br />
<strong>by</strong> the ban on the usage of artificial colorants. Technological advancements offer food<br />
colorant manufacturers numerous growth opportunity.<br />
Ingredients or combination of ingredients used to offer the required appearance to<br />
any products, such as clothes, paper, and beverages are termed as colorants. The most<br />
widely used colorants are dyes and pigments.
Introductionof<br />
<strong>Colorants</strong> <strong>Market</strong><br />
Scope of the Report<br />
Key Benefits<br />
Key Audiences
Key Benefits<br />
• Asia-Pacific was the leading region in the global colorants market in<br />
2016, followed <strong>by</strong> Europe<br />
• The pigment segment generated the highest revenue in 2016, and is<br />
projected to grow at a CAGR of 7.2% during the forecast period<br />
• The packaging segment dominated the global market accounting for<br />
approximately one-third share in 2016<br />
• The Asia-Pacific food colors market is anticipated to register the<br />
highest CAGR of 7.2%, followed <strong>by</strong> LAMEA<br />
• North America accounted for approximately one-fifth share in the<br />
global market, and is expected to grow at a CAGR of 5.9%.
Table of Content (TOC)<br />
Chapter: 1 Introduction<br />
Chapter: 2 Executive Summary<br />
Chapter: 3 <strong>Market</strong> Overview<br />
Chapter: 4. Global <strong>Colorants</strong> <strong>Market</strong>, By Type<br />
Chapter: 5. Global <strong>Colorants</strong> <strong>Market</strong>, By End-use Industry<br />
Chapter: 6. Global <strong>Colorants</strong> <strong>Market</strong>, By Geography<br />
Chapter: 7: Company Profiles
Segments<br />
<strong>Colorants</strong> <strong>Market</strong><br />
End Use<br />
Industry<br />
Segments<br />
Type
Segments<br />
<strong>Colorants</strong> <strong>Market</strong><br />
“Upsurge in demand from plastic, and paints<br />
& coatings coupled with increased consumer<br />
expenditure on packaged food boosts the<br />
global colorants market.”<br />
Eswara Prasad<br />
Team Lead, Chemicals &<br />
Materials at AMR
Segments<br />
<strong>Colorants</strong> <strong>Market</strong><br />
<strong>Colorants</strong> are used to enhance the external appearance of products such as<br />
clothes, paper, and cosmetics. The most common colorants are dyes and pigments.<br />
Dyes are soluble in water and cater mainly to textile industry, whereas pigments<br />
are insoluble and serve industries such as packaging, paper, and printing. These<br />
colorants are available in liquid, liquid gel, gel paste, and powder forms and can be<br />
derived from natural sources or artificially produced. Natural sources include flora,<br />
fauna, and minerals.<br />
The global colorants market was dominated <strong>by</strong> the pigments segment owing to its<br />
increased use in the building & construction and automotive industries. Based on<br />
end use, the packaging industry is projected to register the highest growth rate in<br />
coming years due to the augmented demand from plastics industry.<br />
Upsurge in demand from plastic, paper & printing, and automotive is expected to<br />
drive the market growth. However, the oversupply of dyestuff, leading to its<br />
decreased prices hampers the market growth. Moreover, the recycling of plastics<br />
restraints the market.
Company Profiles<br />
<strong>Colorants</strong> <strong>Market</strong><br />
1. Basf Se<br />
2. Sun Chemical Corporation<br />
3. Clariant AG<br />
4. Polyone Corporation<br />
5. E. I. Du Pont De Nemours And Company<br />
6. Lanxess
Thank You<br />
<strong>Colorants</strong> <strong>Market</strong><br />
ThankYou!<br />
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https://www.alliedmarketresearch.com/colorants-market<br />
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