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Colorants Market Anticipated to Grasp $64 Billion by 2023

Global colorant 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. Colors are added to products to enhance their appeal.

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Colorants Market Anticipated to Grasp $64 Billion by 2023

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  1. Colorants Market

  2. Increased demand from end-use industry such as plastic, paints & coatings, automotive, and packaging drive the market. However, ban on trade of artificial colorants hampers the market growth. Oversupply of dyes, leading to its decreased prices also restraints the market. Technological advancement is seen as a major growth opportunity for colorants manufacturers. Get Sample Report

  3. Global colorant 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. Colors are added to products to enhance their appeal. Pigment and dyes are the most common colorants added to food items, clothes, paper, and beverages, in liquid, liquid gel, gel paste, and powder form. Dyes can be natural or synthetic. Natural dyes are available from plants, animals, and minerals.

  4. 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. Dyes are water soluble and are available naturally or are processed synthetically. Natural dyes are obtained from flora, fauna, and minerals. These are used in packaging, building & construction, automotive, textiles, paper & printing, and others.

  5. Key Findings of the Colorants Market: • 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

  6. Leading industry players: The key players profiled in the report include BASF SE, Sun Chemical Corporation, Clariant AG, Polyone Corporation, E. I. Du Pont De Nemours and Company, Lanxess, Huntsman Corporation, Dystar, DIC Corporation, and Cabot Corporation. The other key players in the value chain (not profiled in this report) include Sudarshan Chemical Industries Limited, The DOW Chemical Company, The Chemours Company, Flint Group, and Archroma.

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