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Colorants market 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.<br>
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Opportunity Analysis and Industry Forecast, 2016-2023 Colorants Market Expected to Reach $64 Billion by 2023 Global Opportunity Analysis and Industry Forecast, 2017-2023
Colorants Market “Upsurge in demand from plastic, and paints & coatings coupled with increased consumer expenditure on packaged food boosts the global colorants market.”
Colorants Market Overview According to a new report published by Allied Market Research, titled, Colorants Market by Type and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2017-2023, 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. Access Full Summary at: https://www.alliedmarketresearch.com/colorants-market 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.
Colorants Market 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. The global colorant market is segmented based on type, end-use industry, and geography. Based on type, it is classified into dyes and pigments. Based on end-use industry, it is divided into packaging, building & construction, automotive, textiles, paper & printing, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Colorants Market Snapshot Top investment pockets The colorant market in India is anticipated to be the most lucrative market for manufacturers soon, owing to the increased demand from end-use industry such as automotive, building & construction, packaging, and textiles. Latin America is also projected to offer growth opportunity for the manufacturers due to the rise in the cosmetics industry. 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.
Key Benefits of Colorants Market • 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.
Colorants Market North America Europe Asia-Pacific LAMEA
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