Global Colorants Market 2017-2021

This market research study identifies Clariant, Huntsman International, BASF, Cabot Corporation, PolyOne, and DIC CORPORATION as the leading players in the global colorants market. A comprehensive analysis of this market is also presented by type (pigment, dyes, color concentrates, and masterbatches), by end-user (textile, personal care, food, paints and coatings, plastics, printing, and others), and by geography (the Americas, APAC, and EMEA).

Overview of the global colorants market

Various emerging economies, such as China, India, and Brazil are witnessing an increasing demand for plastics in the automotive, packaging, and construction industries. The automotive industry highly relies on plastics to reduce the overall weight of the vehicle by manufacturing various interior as well as exterior automotive parts. To color these plastic components, manufacturers use colorants such as pigments and dyes. Research analysis on the global colorants market identifies that the increasing demand for plastics will be one of the major factors that will have a positive impact on the growth of the market. The application of colorants on plastics increases the lifespan and enhances the appearance of plastic components. The packaging industry is experiencing an increasing demand for colorful packaging plastics from their end-users such as the food industry because colorful packaging materials lure customers and generates revenue. The rising consumption of soft drinks and growing demand for packaged food will further boost the demand for colorants. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

The economic growth and high disposable income in Europe is contributing growth to the colorants market in EMEA. The consumption of colorants in the paints and coatings sector is also increasing due to the rising number of construction activities. Various countries such as Germany and Italy are experiencing an increasing demand for packaged food, which in turn, will boost the adoption of natural colorants in the region. This in turn, will fuel the colorants market’s growth in the region throughout the predicted period.

Competitive landscape and key vendors

The colorants market is highly fragmented and intensely competitive. The market is characterized by the presence of both regional and international vendors. The manufacturers are making increasing efforts to survive and stand out in the market by heavily investing in research and developmental activities. The market is also witnessing a rise in the demand for color pigments in various end-user industries leading to the growth of the color pigments market during the forecast period.  

Key vendors in this market are -

• Clariant
• Huntsman International
• BASF
• Cabot Corporation
• PolyOne
• DIC CORPORATION

Other prominent vendors in the market include Ampacet Corporation, A. Schulman, Archroma, Atul, Flint Group, Heubach Color, Holland Colours, Solvay, Sudarshan Chemical Industries, LANXESS, Chromatech Incorporated, DuPont, DyStar, Ferro Corporation, and Greenville colorants

Segmentation by type and analysis of the colorants market

• Pigment
• Dyes
• Color concentrates
• Masterbatches

Pigments are extensively used in applications such as cosmetics, plastics, paints and coatings, and printing ink. Composites such as zinc oxide and iron oxides are present in inorganic pigments and are used in cosmetics. The colorants market is experiencing growth in the pigments segment because pigments such as titanium oxide and iron oxides are extensively used manufacturing nail paints.

Segmentation by end-user and analysis of the colorants market

• Textile
• Personal care
• Food
• Paints and coatings
• Plastics
• Printing

Textile manufacturers prefer dyes in different fabrics such as wool, silk, cotton, linen, and rayon to impart colors. The dyeing process involves solid fiber phase and the aqueous phase. The application of dyes as coloring agents will continue to grow in the textile and apparel industry because the color they impart are not affected when the fabric is exposed to sunlight, heat, or water. The increasing consumption of colorants such as dyes in the textile market of APAC will propel the growth prospects for the colorants market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global colorants market?
• What are the key market trends impacting the growth of the global colorants market?
• What are the challenges to market growth?
• Who are the key vendors in the global colorants market?
• What are the market opportunities and threats faced by the vendors in the global colorants market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global colorants market?

Technavio also offers customization on reports based on specific client requirement.