Pune, India -- (SBWIRE) -- 09/26/2017 -- Synopsis of Colorants Market:
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.
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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The increasing consumption of Colorants Markets is driven by the various end use industry such as automotive, packaging, food & beverage, and textile industries. The consumption for pigments is very high in the automotive, cosmetics and building & construction industries. Whereas consumption of dye colorants highly growing in various industries such as paper, textiles, and other substances. Furthermore, developing economic situations of various regions are fueling up the market demand colorants globally. Geographically, consumption of Colorants is high in APAC region and is also estimated to increase at a high growth rate as compared to other regions such as North America, Europe, and RoW.
Global Colorants Market is segmented by composition, source, type, and end user industry, and region. On the basis of composition the colorants market is divided by organic, and inorganic colorants. The organics colorants market is driven by various application such as in plastics, fibers, surface coatings, paints, photo-reprographics, electronic displays ink, and others. Furthermore, high growth in global building & construction will boost demand in organic colorants. In addition, inorganic colorants, widespread use in films, construction, plastic industries, ceramics, glass and paper industry. Furthermore, the key drivers for the inorganic pigment market is rapid growth in urbanization in various region. Automotive industry causes the highest consumption for inorganic Colorants due to its durable properties.
Next, is on the base of source the Colorants Market is divided into natural and synthetic colorants. The natural colorants is basically, used in food industry such as bakery, dairy, frozen products, confectionery, beverages, and others. The rising government support to environmental initiatives is likely to remain a key driver for the natural colorants Market in the coming years. On the other hand, synthetic colorant, used in Textiles, food, Plastics, cosmetics, pharmaceutical, and other industries. Increase in demand for processed food and High cost of natural Colorant is key driving factor of global colorant market.
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Geographically, Asia Pacific is considered as the largest market of Colorants due to demand in various end user industry such as packaging, textiles, 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. In Europe region the market of colorants is mainly driven by pharmaceutical and food & beverage industry. Furthermore, the third largest market of colorants is North America due to large applications of pigments and dyes in various industries such as automotive, textile, and others. In addition, 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.
Key Points from Table of Content:
13. Company Profiles
13.1 BASF SE
13.1.1 Company Overview
13.1.2 Product/Business Segment Overview
13.1.3 Financial Updates
13.1.4 Key Developments
13.2 E. I. du Pont de Nemours & Company
13.2.1 Company Overview
13.2.2 Product/Business Segment Overview
13.2.3 Financial Updates
13.2.4 Key Developments
13.3 DIC Corporation
13.3.1 Company Overview
13.3.2 Product/Business Segment Overview
13.3.3 Financial Updates
13.3.4 Key Developments
13.4 Huntsman Corporation.
13.4.1 Company Overview
13.4.2 Product/Business Segment Overview
13.4.3 Financial Updates
13.4.4 Key Developments
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