The global colorants market is expected to
reach USD 37.49 billion by 2025, according to a new report by Grand View
Research, Inc. Rising consumer demand for dyestuffs in various end-use segments
such as plastics, textiles, food, and paints & coating is anticipated to
act as a major growth factor for the global market over the next few years.
Growing population, increasing
disposable income coupled with consumer spending on packaged food products and
fashionable garments is estimated to drive product demand over the forecast
period. Increasing awareness of environment-friendly feature and health
benefits of natural colorants coupled with favorable government regulations
towards eco-friendly initiatives are anticipated to remain a key factor for the
growth of natural ingredients market over the next nine years.
Paints & coatings sector is
expected to appear as the fastest growing application segment and is estimated
to exceed USD 10 billion by 2025. Rising pigment and dye demand coupled with
growing investment in advanced technologies used for the production of
colorants are major factors contributing towards significant product demand in
paints and coatings sector.
Caramel colors used in foods and
beverages, including batter, buns, brown bread, chocolate, cookies, spirits,
cough drops, and liquor such as beer, brandy, whiskey, and rum, are expected to
remain the leading product category in food segment over the forecast period.
The segment is estimated to reach a net worth exceeding USD 47.9 million by
2025.
Browse full research report on Global Colorants Market: http://www.grandviewresearch.com/industry-analysis/colorants-market
Further key findings from the report suggest:
- Textile segment emerged as the leading application category and accounted for over 30% of the total demand in 2015. Disperse dyes dominated the product category with a total market of over 125 kilo tons in textile application sector in 2015.
- Plastic application is anticipated to experience steady growth, with a CAGR of 2.7% over the next nine years. Titanium dioxide pigment emerged as the dominant plastic colorant accounting for over 36% of revenue share in 2015.
- Printing application is the second fastest growing sector with a demand of over 140 kilo tons in 2015
- Europe emerged as the dominant region and was valued over USD 8.7 billion in 2015, Germany being the leading market for dyes & pigments in overall Europe region is anticipated to grow at a CAGR of over 4% over the forecast period.
- Asia pacific is anticipated to experience the fastest growth over the next decade. Colorants demand in the region was estimated over 450 kilo tons in 2015 with China being the dominant consumer over the past few years.
- Major players including Chr. Hansen Holding A/S, BASF, Huntsman, Pidilite, Sensient Technologies, Jagson Colorchem, PolyOne, Penn Color, Clariant, and Lanxess dominated the global colorant market in 2015
Read our blogs – http://www.grandviewresearch.com/blog/colorants-market-size-share
Grand View Research has segmented the global colorants
market on the basis of product, end-use and region:
Global Colorants Application Outlook (Kilo Tons, USD
Million, 2014 - 2025)
- Plastics
- Benzimidazolone
- Pyrazolone
- Phthalocyanine
- Quinacridone
- Titanium Dioxide
- Chromium
- Cadmium
- Others
- Textile
- Disperse
- Acid
- Direct
- Basic
- Reactive
- Sulfur
- Vat
- Organic pigments
- Inorganic pigments
- Other
- Food & Beverages
- Annatto
- Anthraquinone
- Anthocyanins
- Caramels
- Carotenoid
- Curcumin
- Lutein
- Allura Red
- Tartrazine
- Titanium Dioxide
- Others
- Personal Care
- Annatto
- Caramel
- Carmine
- Carotenoids
- Henna
- Iron Oxide
- Chromium
- Titanium Dioxide
- Zinc Oxide
- Others
- Printing
- Azo
- Benzimidazolone
- Quinacridone
- Phthalocyanine
- Iron
- Titanium Dioxide
- Others
- Paints & Coatings
- Benzimidazolone
- Quinacridone
- Phthalocyanine
- Iron Oxide
- Chromium
- Titanium Dioxide
- Zinc oxide
- Others
- Other applications
Global Colorants Regional Outlook (Kilo Tons, USD
Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- Japan
- India
- Central & South America
- Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range of
industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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