The report "Colorants Market by Type (Dyes, Pigments, Masterbatches, Color Concentrates), End-Use Industry (Packaging, Building & Construction, Automotive, Textiles, Paper & Printing), Region (North America, Asia-Pacific, Europe) - Global Forecast to 2022", The colorants market was valued at USD 47.45 Billion in 2016 and is projected to reach USD 65.65 Billion by 2022, at a CAGR of 5.0% from 2017 to 2022.
Browse 90 market data tables and 42 figures spread through 167 pages and in-depth TOC on "Colorants Market by Type (Dyes, Pigments, Masterbatches, Color Concentrates), End-Use Industry (Packaging, Building & Construction, Automotive, Textiles, Paper & Printing), Region (North America, Asia-Pacific, Europe) - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
The increasing use of colorants for coloring plastics is driving the colorants market. Moreover, growing importance of aesthetics in the packaging industry is another driver fueling the growth of the colorants market.
Among types, the pigments segment is leading the colorants market
The demand for pigments is very high in the paints & coatings application of the automotive and building & construction end-use industries. The use of pigments is also increasing in printing textiles owing to the trends in the fashion industry. Pigments are also used as raw materials to produce masterbatches and color concentrates. The consumption of pigments in the packaging application is also increasing for coloring packaging materials such as metal, paper, plastics, and fabric.
Among end-use industries, the packaging segment is leading the colorants market
The packaging end-use industry is leading the colorants market, which can be attributed to the increased use of colorants for coloring plastics used for packaging various types of products. Use of colorants for packaging enhances the product appeal of goods. A high degree of aesthetic appeal of products not only helps in product differentiation but also influences preferences of customers. Pigments, masterbatches, and color concentrates are widely used in plastics.
The Asia-Pacific colorants market is projected to grow at the highest CAGR during the forecast period
The Asia-Pacific region is a lucrative market for colorants. The growth of the Asia-Pacific colorants market is due to the increased demand for colorants from various end-use industries, such as packaging, building & construction, and automotive, textiles and paper & printing. Moreover, industrial growth in the Asia-Pacific region, along with the increasing buying power of consumers has further boosted the demand for colorants in the region, thereby fueling the growth of the Asia-Pacific colorants market. China is the largest market for colorants in the Asia-Pacific region, whereas the colorants market in India is projected to grow at the highest CAGR during the forecast period.
Key Players in the Colorants Market
The key players operating in the colorants market are Clariant AG (Switzerland), BASF SE (Germany), DIC Corporation (Japan), Huntsman Corporation (U.S.), E. I. du Pont de Nemours & Company (U.S.), Cabot Corporation (U.S.), LANXESS AG (Germany), PolyOne Corporation (U.S.), and Sun Chemical Corporation (U.S.).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]