Global Colorants Market Information- by Composition (Organic, Inorganic), by Source (Natural, Synthetic), by Types (Dyes, Pigments, Coatings, Masterbatches, Inks, Paint, and Others), by End User Industry (Textiles, Packaging, Pharmaceutical, Personal Care, Building & Construction, Foods & Beverages, Automotive, Paper & Printing, and Others) and by Region - Forecast till 2023
Pune, India -- (SBWIRE) -- 04/17/2018 -- Colorants are used in many industrial applications such as to color ceramics, photographs, plastics, prints, paints, and clothes. The word colorant holds the whole range of coloring materials such as dyes and pigments, and others. While both dyes and pigments are types of colorants, they are different from one another, such as pigments are subdivisions of color which can be insoluble in oils, water, and resins and used for coloring inks, cosmetics, paints, and plastics. Whereas, dyes also known as dyestuffs, are usually water soluble, and highly used in coloring of paper, textiles, and other substances. Furthermore, the source of all types of colorants such as dyes, pigments, coatings, master batches, inks, paint, and others, is either organic or inorganic.
In addition, various end user industry such as textiles, foods & beverages, automotive, and packaging are the major driving industry for colorants. The Global Colorants Market is anticipated to witness a significant growth of USD ~ 68.65 billion by 2023 with CAGR of ~5.4% between 2016 and 2023 due to increasing consumption of colorants in various industries such as textiles, packaging, pharmaceutical, personal care, building & construction, foods & beverages, automotive, paper & printing, and others. On the other hand, environmental regulations and instability in raw material prices can be hamper the growth of the Global Colorants Market.
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Asia Pacific is the largest market of colorants due to demand in various end user industry such as textiles, packaging, automotive, and building & construction especially in China region followed by India, and Japan. In addition, increasing demand for food & beverage industry in the India, Taiwan, and South Korea has made Asia Pacific largest consumer of the global colorants market followed by increasing in the consumption of colorants market in Europe region. Furthermore, the third largest market of colorants is North America due to large applications of pigments and dyes in various industries. Latin America and Middle East also witnessed in growth of colorants market due to various application such as textiles, packaging, pharmaceutical, personal care, building & construction, foods & beverages, automotive, paper & printing, and others.
The Global Colorants Market is majorly segmented on the basis of composition, source, types, and end users and region. Firstly, on the basis of composition of colorants the market is segmented into organic colorants and inorganic colorants. Secondly, on the basis of source of colorants the market is segmented into natural and synthetic source. Thirdly, based on types of colorants the market is segmented into dyes, pigments, coatings, masterbatches, inks, paint, and others. Finally, based on end user industry of colorants the market is segmented into additives, flavor enhancers, acidity regulators, preservatives, and others. Based on end user the market segmented into textiles, packaging, pharmaceutical, personal care, building & construction, foods & beverages, automotive, paper & printing, and others, and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
Key players of the Global Colorants Market are BASF SE (Germany), E. I. du Pont de Nemours & Company (U.S.), DIC Corporation (Japan), Huntsman Corporation (U.S.), Clariant AG (Switzerland), Cabot Corporation (U.S.), LANXESS AG (Germany), PolyOne Corporation (U.S.), Sun Chemical Corporation (U.S.), Flint Group (Europe), and Others.
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