Colorants Market Global Share 2019, Sales Revenue, Size Estimation, Industry Benefits, Upcoming Developments and Future Investments 2023

May 13, 2019

Global Colorants Market Information- by Composition, Source, Types, End User Industry (Textiles, Packaging, Pharmaceutical, Personal Care, Building & Construction, Foods & Beverages, Automotive, Paper & Printing) and Region - Forecast till 2023

Pune, India - May 13, 2019 /MarketersMedia/ —

Colorants are different types of coloring agents such as dyes, and pigments, among others which are used to add color to various products such as ceramics, photographs, prints, packaging, paints, and clothes.

Many industries such as textiles, automotive, food, and beverage, pharmaceuticals, personal care and packaging have a massive demand for colorants, thus, contributing substantially to the Global Colorants Market. According to a report published by Market Research Future (MRFR), the Global Colorants Market is estimated to rise at a 5.4% CAGR and grow up to USD 68.65 billion over the forecast period of 2016 to 2023.

Increasing usage of Colorants, changing trends in consumer preferences which impacts end-user industries, and the growing demand for environmentally friendly products are the primary factors influencing the Global Colorants Market.

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Key Players:

Key market players of the global colorants market are E. I. du Pont de Nemours & Company (U.S.), PolyOne Corporation (U.S.), Huntsman Corporation (U.S.), Sun Chemical Corporation (U.S.), Cabot Corporation (U.S.), Flint Group (Europe), BASF SE (Germany), Clariant AG (Switzerland), LANXESS AG (Germany), DIC Corporation (Japan), and Others.

Segmental Analysis:

The Global Colorants Market is segmented based on Composition, Source, Types, End Users, and Region.

Based on Composition, the market has been segmented into organic colorants and inorganic colorants.

Based on the Source, the market has been segmented into the natural and synthetic source. Due to the rising need for environmentally friendly products, the natural source segment is leading the market share, owing to mandating policies globally and its growing adoption by major market players.

Based on Type, the market has been segmented into dyes, pigments, coatings, masterbatches, inks, paint, and others. Among these, the pigment segment is leading the market share and is estimated to rise at a comparatively higher CAGR over the forecast period, due to its growing usage as raw materials and in printing textiles such as fabric, packaging, and plastics.

Based on End User, the market segmented into textiles, packaging, pharmaceutical, personal care, building & construction, foods & beverages, automotive, paper & printing, and others. Among these, the packaging segment is leading the market share and is estimated to sustain its market growth over the forecast period.

Based on the Region, the market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.

Regional Analysis:

The Asia-Pacific region is a leading market for colorants, due to its increasing demand from various end-use industries, such as textiles, packaging, automotive, building & construction, and paper & printing. Furthermore, industrial growth and the rising purchasing power of consumers has influenced the demand for Colorants in the region, hence, driving the growth of the Colorants Market in this region. China is the largest market for colorants and India is estimated to account as the fastest growing market for Colorants in the APAC region. APAC leads the market share due to being a major consumer as well as the producer for colorants and products that require colorants.

Europe is the second largest regional market for colorants, especially for natural colorants owing to the strict government policies towards the use of environmentally friendly products and reducing toxic waste and emissions. North America follows the Europe market in the global market share, due to the presence of chief global market players of many industries shifting from synthetic colorant to natural colorants, consequently contributing to the Colorants Market in this region.

North America and European Colorants Market is also driven by the changing trends in consumer preferences for many products, which impacts many end-user industries towards product innovation, which is expected to support the market growth of the Colorants Market over the forecast period.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek Savant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/colorants-market-3215

Source URL: https://marketersmedia.com/colorants-market-global-share-2019-sales-revenue-size-estimation-industry-benefits-upcoming-developments-and-future-investments-2023/511778

Source: MarketersMedia

Release ID: 511778

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