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Colorants Market Gaining Demand in Emerging Economies and Future Growth

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.

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Colorants Market Gaining Demand in Emerging Economies and Future Growth

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  1. Colorants Market

  2. Smart Polymers Market Overview: 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. 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. Segment Review In 2016, the pigments segment accounted for the highest share in 2016, registering a CAGR 7.2% from 2017 to 2023. The pigments segment is driven by its increased consumption from the clothes, paints, prints, plastics, photographs, and ceramics industry globally. The dyes segment is projected to witness the decline in its prices owing to its oversupply worldwide. LAMEA Review The colorants market in Latin America is estimated to be the largest in the LAMEA region and is estimated to attract manufacturers during the forecast period. Growth in cosmetics and packaging industry drives the market in the region.

  4. Key Benefits • The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global colorant market to elucidate the prevailing opportunities and tap the investment pockets. • It offers qualitative trends and quantitative analysis of the global market from 2016 to 2023 to assist stakeholders to understand the market scenario. • In-depth analysis of the key segments demonstrates the market potential of the colorant industry. • Competitive intelligence of the industry highlights the business practices followed by key players across geographies and prevailing market opportunities. • Key market players and their strategies & developments are profiled to understand the competitive outlook of the market.

  5. 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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