New York, NY 07 Apr 2021: The global colorants market size estimated to be worth of USD 79.8 billion by 2026 and is projected to grow at a CAGR of 5.3% over the forecast period.
Colorants are products that have the ability of value addition and are used in various applications such as paper, food & beverages, textiles, plastics, paints, cosmetics, leather, inks, photos, and medical applications among others. They are used to transform products into aesthetically superior ones, thus benefitting the product’s demand. The global growth in key end use industries such as textiles and plastics among others, is expected to benefit the global colorants market over the forecast period.
Colorants can be classified into two broad types, these include dyes and pigments. Pigments can be defined as powdered or granular substances that are insoluble and impart color by reflecting certain rays of light. Industries such as ink, paints are the major end uses of pigment paints.
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Synthetic colors are being perceived as those responsible for allergenic reactions and other disorders. This has paved way for opening up of new avenues and market opportunities for natural food color manufacturers. Such trends are expected to benefit the colorants market demand over the forecast period.
The main focus of these manufacturers is to develop a biotechnological route that can produce colors ranging from yellow to blue among others. To achieve this, researchers are focusing on the development of organisms that can produce phycobiliproteins, carotenoids and other types that possess the aforementioned colors.
Major industry participants include BASF SE, Clariant, E. I. Du Pont De Nemours and Company, Huntsman Corporation, DIC Corporation, Cabot Corporation, Dystar, Lanxess, Polyone Corporation, Sun Chemical Corporation, Ampacet Corporation, Chromatech Incorporated, Sudarshan Chemical Industries Limited, Chromatech Incorporated, Heubach Color, Holland Colours, Greenville Colorants, LLC, Solvay among others.
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Industry InsightsThe global colorants market was estimated at 2,025 kilo tons in the year 2015.
Natural colorants are extracted from different sources including agricultural, biological, minerals and others.
The market has experienced immense growth in countries such as India, China, U.S., Canada, and Germany over the past few years due to the increasing awareness towards consumption of natural ingredients.The key driving factors such as increasing consumer preferences for attractive product packaging, and fashionable clothing trends, especially in U.S. are expected to spur the coloring agents demand over the forecast period.
The regional market is further influenced by numerous factors including a rise in paints demand and technological advancements.Moreover, dyes & pigments are the natural or synthetic substances, which provides hiding power, color and precise physical attributes to a final product.
They also support in enhancing durability and corrosion resistance characteristics to end-use products.
Color additives are the key components that are utilized in manufacturing several finished products, by improving its physical properties to make them attractive, appetizing, and appealing for its customers.Application InsightsThe textile dominated the application sector and is anticipated to grow at a CAGR of more than 3.5% in the coming years.
Ingredients or combination of ingredients used to offer the required appearance to any products, such as clothes, paper, and beverages are termed as colorants.
Dyes are water soluble and are available naturally or are processed synthetically.
These are used in packaging, building & construction, automotive, textiles, paper & printing, and others.The global colorant market was valued at $41 billion in 2016, and is projected to reach at $64 billion by 2023, registering a CAGR of 6.5% from 2017 to 2023.Do Enquiry for Sample Report @ https://www.alliedmarketresearch.com/request-sample/3812Rise in the plastic, paints & coatings, and cosmetics industry in the emerging economies such as, India, Brazil, UAE, Saudi Arabia, and Africa.
In addition, the ever-growing technological advancements and easy availability of dyes from plants and animals support the growth.
Technological advancements offer food colorant manufacturers numerous growth opportunity.Asia-Pacific and Europe collectively contributed about 5% share of the global market in 2016 owing to the increased consumption of colorant from packaging, textile, and paper & printing industry.The Major key players Are:BASF SESun Chemical CorporationClariant AGPolyone CorporationE.
Du Pont De Nemours and CompanyLanxessHuntsman CorporationDystarDIC CorporationCabot Corporation.In 2016, the packaging segment accounted for the highest share, and is expected to maintain its dominance during the forecast period, owing to the increased consumption of packaged food & beverages in almost all the regions.Get a purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/3812Key Findings of the Colorants Market:Asia-Pacific was the leading region in the global colorants market in 2016, followed by EuropeThe pigment segment generated the highest revenue in 2016, and is projected to grow at a CAGR of 7.2% during the forecast periodThe packaging segment dominated the global market accounting for approximately one-third share in 2016The Asia-Pacific food colors market is anticipated to register the highest CAGR of 7.2%, followed by LAMEANorth America accounted for approximately one-fifth share in the global market, and is expected to grow at a CAGR of 5.9%.About Us:Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises.
