The global colorants market is expected to reach USD 37.49
billion by 2025, according to a new report by Grand View Research, Inc. Rising
consumer demand for dyestuffs in various end-use segments such as plastics,
textiles, food, and paints & coating is anticipated to act as a major
growth factor for the global market over the next few years.
Growing population, increasing disposable income coupled
with consumer spending on packaged food products and fashionable garments is
estimated to drive product demand over the forecast period. Increasing
awareness of environment-friendly feature and health benefits of natural
colorants coupled with favorable government regulations towards eco-friendly
initiatives are anticipated to remain a key factor for the growth of natural
ingredients market over the next nine years.
Paints & coatings sector is expected to appear as the
fastest growing application segment and is estimated to exceed USD 10 billion
by 2025. Rising pigment and dye demand coupled with growing investment in
advanced technologies used for the production of colorants are major factors
contributing towards significant product demand in paints and coatings sector.
Caramel colors used in foods and beverages, including
batter, buns, brown bread, chocolate, cookies, spirits, cough drops, and liquor
such as beer, brandy, whiskey, and rum, are expected to remain the leading
product category in food segment over the forecast period. The segment is
estimated to reach a net worth exceeding USD 47.9 million by 2025.
In depth research report on Colorants Market
Further key findings from the report suggest:
•
Textile segment emerged as the leading application
category and accounted for over 30% of the total demand in 2015. Disperse dyes
dominated the product category with a total market of over 125 kilo tons in
textile application sector in 2015.
•
Plastic application is anticipated to experience steady
growth, with a CAGR of 2.7% over the next nine years. Titanium dioxide pigment
emerged as the dominant plastic colorant accounting for over 36% of revenue
share in 2015.
•
Printing application is the second fastest growing sector
with a demand of over 140 kilo tons in 2015
•
Europe emerged as the dominant region and was valued over
USD 8.7 billion in 2015, Germany being the leading market for dyes &
pigments in overall Europe region is anticipated to grow at a CAGR of over 4%
over the forecast period.
•
Asia pacific is anticipated to experience the fastest growth
over the next decade. Colorants demand in the region was estimated over 450
kilo tons in 2015 with China being the dominant consumer over the past few
years.
•
Major players including Chr. Hansen Holding A/S, BASF,
Huntsman, Pidilite, Sensient Technologies, Jagson Colorchem, PolyOne, Penn
Color, Clariant, and Lanxess dominated the global colorant market in 2015
Grand View Research has segmented the global colorants
market on the basis of product, end-use and region:
Global Colorants Application Outlook (Kilo
Tons, USD Million, 2014 - 2025)
•
Plastics
o
Benzimidazolone
o
Pyrazolone
o
Phthalocyanine
o
Quinacridone
o
Titanium Dioxide
o
Chromium
o
Cadmium
o
Others
•
Textile
o
Disperse
o
Acid
o
Direct
o
Basic
o
Reactive
o
Sulfur
o
Vat
o
Organic pigments
o
Inorganic pigments
o
Other
•
Food & Beverages
o
Annatto
o
Anthraquinone
o
Anthocyanins
o
Caramels
o
Carotenoid
o
Curcumin
o
Lutein
o
Allura Red
o
Tartrazine
o
Titanium Dioxide
o
Others
•
Personal Care
o
Annatto
o
Caramel
o
Carmine
o
Carotenoids
o
Henna
o
Iron Oxide
o
Chromium
o
Titanium Dioxide
o
Zinc Oxide
o
Others
•
Printing
o
Azo
o
Benzimidazolone
o
Quinacridone
o
Phthalocyanine
o
Iron
o
Titanium Dioxide
o
Others
•
Paints & Coatings
o
Benzimidazolone
o
Quinacridone
o
Phthalocyanine
o
Iron Oxide
o
Chromium
o
Titanium Dioxide
o
Zinc oxide
o
Others
•
Other applications
Global Colorants Regional Outlook (Kilo Tons,
USD Million, 2014 - 2025)
•
North America
o
U.S.
•
Europe
o
Germany
o
UK
o
France
•
Asia Pacific
o
China
o
Japan
o
India
•
Central & South America
•
Middle East & Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more market analysis reports, please
visit: http://www.grandviewresearch.com/
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