Materials & Chemicals / Colorants Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Clariant AG, BASF SE, DIC, Huntsman, Du Pont
Colorants Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Clariant AG, BASF SE, DIC, Huntsman, Du Pont
The global Colorants market is estimated to grow at 5.6% CAGR during the forecast period (2022-2027).
Colorants Market Overview
A colorant is a material that contains a specific pigment color. This is combined with another substance or applied directly to its surface. As a result, the material's hue is altered. Colorants are divided into two types. These are pigments and dyes. Pigments are suspended particle solutions, whereas dyes are solid solutions. The colorants' fillers and binders will have a significant impact on the final color of the materials to which they are applied or combined. Rising consumer demand for dyestuffs in various end-use industries such as plastics, textiles, food, and paints and coatings is expected to drive the global market in the coming years.The color imparted by the colorant depends on the components with which it is added such as fillers and binders. Also, some of the colorants impart colors by reacting with other substances. These are used in numerous industries to color products such as plastics, clothes, ceramics, inks, paints, and others. The primary function of a colorant is to improve the aesthetic appeal of the product.The key market driver for the global colorants market is the rising demand for paints & coatings from several industries, including automotive and building & construction. Paints & coatings are used to protect the material from corrosion, weathering, other external factors and also to improve aesthetics of the product. Hence, the increasing demand for colorants.
Colorants Market Growth Drivers
High adoption of food colorant in epicure dishes is expected to expand the scope of colorant application.
Growing disposable income, which is coupled with the increasing consumer spending on fashionable garments and packaged food products.
Industry News and Updates:
Mar 11, 2020 - Huntsman Textile Effects introduces Terasil® Blue W Dye, a breakthrough technology for dyeing polyester and its blends -- Top of Form
Huntsman Textile Effects introduces TERASIL® BLUE W, the latest addition to our TERASIL® W/WW range of wash fast disperse dyes. TERASIL® Blue W is designed to meet all major requirements for high performance sportswear and athleisure wear.TERASIL® BLUE W stands out as the leading disperse wash fast blue dye in the market which is not sensitive to reduction, leading to higher reproducibility, right first-time results and operational excellence.
November 19, 2021: New dye from LANXESS increases safety under the hood--
The specialty chemicals company LANXESS has developed Macrolex Orange HT, a dye that can be used to permanently color plastics with the RAL 2003 shade of orange. This color is increasingly being used to mark live cables in electric and hybrid vehicles as well as components for high-voltage applications. The signal color is intended to alert mechanics and emergency services to the potential danger of electric shock. Photo: LANXESS AG
What are the major Applications, Types and Regions for Colorants Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
Pigments
Dyes
Masterbatches
Color Concentrates
Others
By Application, it is segmented into
Packaging
Building & Construction
Automotive
Textiles
Others
Colorants Market Regional Analysis
The North American region has the fastest growing colourants market. This is due to the fact that the packaging business in the country is quickly expanding, and packaging requires colourants to look attractive and boost its overall marketability. The European Union's colourants market is likewise expanding significantly, owing to the country's brisk automobile industry. In the European Union, the food and beverage business is also booming. The entire colourants market is predicted to increase at a faster rate as a result of this.
The Asia-Pacific region's colourants market is growing at a rapid pace, owing to increased demand from a variety of sectors. Textiles, paper, food & beverage, and packaging are among these industries. In the Asia-Pacific region, India, China, and South Korea have accounted for the majority of the colourants market expansion. The Asia-Pacific region also has the greatest colourants market share due to a high concentration of colorant-using businesses. Packaging, textiles, agriculture, building & construction, and food and beverage are just a few of these businesses. Because of the huge demand for colourants in this region, China is one country to keep an eye on. Colorants are also in considerable demand in India, Japan, South Korea, and Southeast Asia.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Colorants Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Colorants Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Colorants Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 5.6% over the forecast period (2022-2027)
By Type
Pigments
Dyes
Masterbatches
Color Concentrates
Others
By Application
Packaging
Building & Construction
Automotive
Textiles
Others
By Companies
Clariant AG, BASF SE, DIC, Huntsman, Du Pont, Cabot, LANXESS AG, PolyOne, Sun Chemical, Chr. Hansen Holding A/S, Pidilite, Sensient Technologies, Jagson Colorchem, Penn Color
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
99
Customization Available
Yes, the report can be customized as per your needs
Frequently Asked Questions
What is the growth rate of Colorants Market?
The Colorants Market is growing at a CAGR of 5.6% over the next 5 years.
Who are the key players in Colorants Market?
Clariant AG, BASF SE, DIC, Huntsman, Du Pont, Cabot, LANXESS AG, PolyOne, Sun Chemical, Chr. Hansen Holding A/S, Pidilite, Sensient Technologies, Jagson Colorchem, Penn Color
What are the significant types of Colorants Market?
Pigments, Dyes, Masterbatches, Color Concentrates, Others
What are the major end-use applications of Colorants Market?
Packaging, Building & Construction, Automotive, Textiles, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.