Colorant Market

Colorant Market Overview :

Colorant market size was about USD 51.2 Billion in 2021. It is expected to raise at a CAGR of 5.55% to reach about USD 67.1 Billion by 2026.

Dyes and pigments are the most widely recognized colorants added to sustenance things, garments, paper, and refreshments, fluid gel, gel glue, and powder frame. Common colorants are accessible from plants, creatures, and minerals. Increasing demand from end-application industries, for example, plastic, paints and coatings, car, and bundling drives the growth of the market. Be that as it may, prohibition on the exchange of counterfeit colorants hampers the market development. Oversupply of colorants, prompting its diminished costs likewise restrictions the market. Innovative headway is viewed as a noteworthy development that could open doors for the future growth of the market.

Based on type, the colorants market has been sectioned into dyes, pigments, masterbatches and Colour Concentrates. The Dyes section drives the colorants market. The development of this portion of the market can be ascribed to the expanding utilization of colorants in the paints and coatings application in the car and building development businesses. The market for masterbatches is anticipated to grow at the most astounding CAGR amid the figure time frame because of the developing plastics industry. Based on the end-user industry, the colorants market has been categorized into packaging, textiles, paper and printing, building and construction, automotive, and others. The bundling end-utilize industry is driving the colorants market and is anticipated to also possess the highest CAGR. This is because of the expanded interest for colorants with regards to the shading plastics utilized for lightweight bundling.

On the basis of Geography, the colorants market has been fragmented into Asia-Pacific, North America, Europe, the Middle East and Africa, and South America. The European market is leading the market in terms of revenue and the Asia-Pacific colorants market is anticipated to develop at the most elevated CAGR amid the conjecture time frame, inferable from the expanding interest for colorants in therapeutic, pharmaceutical, and sustenance and refreshments markets.

Key Players :

The leading manufacturers working in the global Colorant market include, DIC corporation, Dystar, BASF SE, Polyone corporation, E. I. du pont de nemours and company, Huntsman corporation, Cabot corporation, Clariant AG, Sun chemical corporation, Lanxess.