The global colorants market is expected to garner USD 46.8 Billion by the end of 2024.
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The global colorants market is segmented into product such as dyes, pigment, master batches and color concentrates. Among these segments, pigments segment is expected to occupy top position in overall colorants market during the forecast period.
Growing use of pigments in food & beverage and textile industry is envisioned to bolster the growth of the pigment colorants market. Moreover, rising demand for natural colorants is anticipated to provide robust opportunity for the expansion of the colorants market during the forecast period.
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Global colorants market is expected to flourish at a significant CAGR of 5.2% during the forecast period. Factors such as wide scale application in various end use industries and development of new shades are believed to propel the growth of the global colorants market during the forecast period.
Asia Pacific captured the highest percentage of market share in overall colorants market in 2016. The growth in the region can be attributed to presence of various end use industries in the region.
Besides, industrial growth in the region is also expected to positively impact the growth of colorants market in the Asia Pacific. China is believed to account for dominating share in Asia Pacific colorants market.
North America is anticipated to witness substantial growth during the forecast period. Rising demand for naturally derived colorants is predicted to trigger the growth of the colorants market in the region.
Rising Demand for Organic Pigment
Increasing demand for organic pigment in inks and coatings owing to their intense and bright colors is anticipated to accelerate the growth of the global colorants market during the forecast period. Moreover, development of new shades coupled with increasing acceptance of new colors in cosmetic and plastic industry is anticipated to intensify the growth of the global colorants market.
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Spiked Demand for Natural Colorants
Surging demand and adoption of natural colorants in food & beverage industry is one of the major factors propelling the growth of the global colorants market. Increasing healthcare concerns in population is further expected to escalate the demand for natural colorants during the forecast period.
Although, fluctuations in the price of the raw material and strict government regulations limiting the use of synthetic colors are some factors which are expected to dampen the growth of colorants market during the forecast period.
The report titled “Colorants Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global colorants market in terms of market segmentation by type, by product, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global colorants market which includes company profiling of BASF SE, Symrise AG, Chr. Hansen Holding A/S, Sethness Products Company, Sensient Technologies Corporation, Jagson Colorchem Limited, PolyOne Corporation, Clariant International, Lanxess AG and GNT Group.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Global colorants market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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