Global Colorants Market – Demand for Paints and Coatings to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#Additives–The global
colorants market is expected to grow at a CAGR of more than
5% from 2017-2021, according to a new market research report by
Technavio.

Global colorants market segmentation by type and end-user

Technavio’s report on the global colorants market analyses the business
dimensions and presents a comprehensive breakdown in terms of market
segmentation by type, which includes pigment, dyes, color concentrates,
and masterbatches. As projected in 2016, 48% of the market share
originated from the pigments segment. This is because there is high
demand for pigments from the plastics and cosmetics segments.

Based on end-user, the global
colorants market has been segmented into textile, personal care,
food, paints and coatings, plastics, and printing. As of 2016, 32% of
the market share came from the textiles segment.

“In the textile industry, generally, dyes are used to impart colors
in different fabrics such as wool, silk, cotton, linen, and rayon. The
number of textile mills in APAC is growing along with the growth in the
textile market. This is also boosting the consumption of dyes and
fostering growth in the global colorants market,” says Hitesh
Bhatia, a lead analyst at Technavio for additives,
adhesives, and sealants research.

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Colorants market: competitive vendor landscape

The global colorants market is one of the growing markets, with major
vendors such as Clariant, Cabot Corporation, Huntsman International,
BASF, PolyOne, and DIC CORPORATION. These vendors operate in an
intensely competitive market with several regional and international
vendors. Vendors in the market develop new technologies, innovate
products, and maintain a healthy distribution web to reach out to a
larger audience.

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Other topics covered in the report:

Market drivers:

• Increasing demand for plastics
• Rise in demand for paints and coatings

Market challenges:

• Volatility in raw material prices
• Stringent government regulations

Market trends:

• Increasing demand for color shades in cosmetic industry
• Increasing demand for packaged food and beverages

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colorants market report free of cost

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