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Colorants Market To Witness Phenomenal Growth by 2023

Global Colorants Market was valued at $41 billion in 2016, and is projected to reach $64 billion by 2023, registering a CAGR of 6.5% from 2017 to 2023.

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Colorants Market To Witness Phenomenal Growth by 2023

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  1. Opportunity Analysis and Industry Forecast, 2016-2023

  2. Introductionof Colorants Market 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. Rise in the plastic, paints & coatings, and cosmetics industry in the emerging economies such as, India, Brazil, UAE, Saudi Arabia, and Africa. Moreover, the increased consumer spending on packaged food boost the market growth. In addition, the ever-growing technological advancements and easy availability of dyes from plants and animals support the growth. However, the market growth for colorant is restricted by the ban on the usage of artificial colorants. Technological advancements offer food colorant manufacturers numerous growth opportunity. Ingredients or combination of ingredients used to offer the required appearance to any products, such as clothes, paper, and beverages are termed as colorants. The most widely used colorants are dyes and pigments.

  3. Introductionof Colorants Market Scopeof theReport KeyBenefits KeyAudiences

  4. Key Benefits • Asia-Pacific was the leading region in the global colorants market in 2016, followed by Europe • The pigment segment generated the highest revenue in 2016, and is projected to grow at a CAGR of 7.2% during the forecast period • The packaging segment dominated the global market accounting for approximately one-third share in 2016 • The Asia-Pacific food colors market is anticipated to register the highest CAGR of 7.2%, followed by LAMEA • North America accounted for approximately one-fifth share in the global market, and is expected to grow at a CAGR of 5.9%.

  5. Table of Content (TOC) Chapter: 1 Introduction Chapter: 2 Executive Summary Chapter: 3 Market Overview Chapter: 4. Global Colorants Market, By Type Chapter: 5. Global Colorants Market, By End-use Industry Chapter: 6. Global Colorants Market, By Geography Chapter: 7: Company Profiles

  6. Segments Colorants Market

  7. Segments Colorants Market “Upsurge in demand from plastic, and paints & coatings coupled with increased consumer expenditure on packaged food boosts the global colorants market.” Eswara Prasad Team Lead, Chemicals & Materials at AMR

  8. Segments Colorants Market Colorants are used to enhance the external appearance of products such as clothes, paper, and cosmetics. The most common colorants are dyes and pigments. Dyes are soluble in water and cater mainly to textile industry, whereas pigments are insoluble and serve industries such as packaging, paper, and printing. These colorants are available in liquid, liquid gel, gel paste, and powder forms and can be derived from natural sources or artificially produced. Natural sources include flora, fauna, and minerals. The global colorants market was dominated by the pigments segment owing to its increased use in the building & construction and automotive industries. Based on end use, the packaging industry is projected to register the highest growth rate in coming years due to the augmented demand from plastics industry. Upsurge in demand from plastic, paper & printing, and automotive is expected to drive the market growth. However, the oversupply of dyestuff, leading to its decreased prices hampers the market growth. Moreover, the recycling of plastics restraints the market.

  9. Company Profiles Colorants Market Basf Se Sun Chemical Corporation Clariant AG Polyone Corporation E. I. Du Pont De Nemours And Company Lanxess

  10. Thank You Colorants Market ThankYou! For MoreDetails Do Enquiry https://www.alliedmarketresearch.com/colorants-market Follow UsOn

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