Uploaded on Apr 16, 2020
The global colorants market size estimated to be worth of USD 52.74 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 Market Size To Reach $79.8 Billion by 2026 | CAGR: 5.3%
Colorants Market
Set to Exceed $79.8 Billion by 2026 | CAGR: 5.3%
“Colorants Market Share, Size, Trends, & Industry Analysis
Report, By Product (Pigments (Inorganic, Organic), Dyes,
Color Concentrates, Masterbatches), By End-Use (Paper &
Printing, Packaging, Building & Construction, Textiles,
Automotive) By Regions]: Segment Forecast, 2019 - 2026”
Colorants Market Estimate & Forecast to 2026
The global colorants market size estimated to be worth of USD 52.74 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.
Dyes are soluble substances that are employed to pass color to the substrates. Mainly, the
major end – users of dyes include leather and the textile industries. Due to rising population
and increasing disposable income, the textile industry has witnessed a rapid growth in the
past few years. This has benefitted the dyes demand in the recent past.
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Colorants Market Estimate & Forecast to 2026
The compulsory tests that have to be carried out, prior commercialization of the product, is
expected to hinder market growth. Toxicology test is one of such tests. The huge investment
required for Research and Development as well as for testing of the product is a huge
impediment for market participants. In addition, the dislike of customers for novel products
is also expected to restrain market growth. One of the other factors restraining market
growth is the prevalence of stringent regulations governing the launch of new products.
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.
Access Research Report On Colorants Market
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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Colorants Market Size – By Application
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