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Pulished Date April, 2021
ID: 11450
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Colorants Market Segmented By Color (Natural Color, Synthetic Color), By Product (Pigments, Dyes, Color concentrates, Masterbatches), By End-User (Packaging, Paper & Printing, Textiles, Building & Construction, Automotive, Consumer Goods, Others) & By Region - Industry Analysis on Size, Share, Trends, Growth & Forecast | 2021 to 2026

Pulished: April, 2021
ID: 11450
Pages: 170

Colorants Market Size, Share & Trends (2021 - 2026)

The global Colorants Market is expected to exhibit a healthy CAGR of 7.3% during the forecast period of 2021 to 2026.

Colorants are pigments that are used to give the essential appearance to products such as clothing and beverages. Colorants are used in many industrial applications, such as coloring ceramics, photographs, plastics, paints, and clothing. The word coloring encompasses the whole range of coloring matters such as dyes and pigments and the like. Although dyes and pigments are types of dyes, they are different from each other; for example, pigments are color subdivisions that can be insoluble in oils, water, and resins and are used for coloring inks cosmetics, paints, and plastics. While dyes, also known as dyes, are water-soluble and are widely used in coloring paper, textiles, and other materials. In addition, the source of all kinds of colorants such as dyes, pigments, coatings, masterbatches, inks, paints, and the like is organic or inorganic.

The development of new natural colorants used in the food industry has generated a lot of interest due to the strong consumer demand for more natural products around the world. The healthy properties of natural colors, together with the organic properties of natural products, also increase their attractiveness. The restrictions on natural colorants are mainly due to the higher production cost of fermentation pigments compared to pigments of synthetic origin or extracted from natural sources.

Recent Developments

  • In September 2018, Michelman developed Memjet DuraLink, a primer solution for water-based inkjet systems. This has helped the company increase productivity and deliver superior print quality at higher line speeds.

  • In April 2018, the DCC and LANSCO colors merged their companies. This decision brought together the strengths of the two companies for the benefit of consumers of pigments by customers.

  • In March 2020, Huntsman Textile Effects presented Blue W Dye, innovative technology for dyeing polyester and its blends.

Colorants Market Drivers

The colorants market is expected to be driven by population growth in recent years, increasing disposable income, combined with increased consumer spending on fashionable clothing and packaged food products. Other factors such as edible color to improve the texture and appearance of food products are a key factor in the growth of the colorants market. The strong adoption of food colors in Epicurean dishes is expected to broaden the scope of colorings. The rise of ready-to-eat (RTE) food products is an important factor in increasing the growth of colors in the food and beverage industry. Population growth, increase in disposable income associated with consumer spending on packaged food products and fashionable clothing are expected to drive product demand over the forecast period. Increased awareness of the green features and health benefits of natural dyes, along with government regulations favorable to environmentally friendly initiatives, is expected to continue to be a key driver of natural ingredients market growth over the next nine years. The market is driven by the growing inclination of consumers towards innovative and attractive shades of products and packaged items.

In addition, the growing awareness of the health benefits of natural dyes, coupled with favorable government policies, is expected to further drive the market growth in the coming years. The demand for natural dyes is increasing due to their production from renewable sources without harming the environment, and they are also derived from plants, animals, fruits, and other natural resources. Colorants are a key sector of the specialty chemical industry. Growing demand for the application of high-performance pigments, recent developments in end-user industries, and the growing trend towards environmentally friendly products are the major factors driving the colorants market. Pigments and dyes are used in a variety of applications, including textiles, paints and coatings, construction, plastics, and printing inks. The increased consumption of dyes in various end-use industries, including chemicals, coatings, paints, construction, plastics, and others, is the main driver of the colorants market. Moreover, the continuous developments and advancements in various end-use industries create a demand for high-performance colorants, which are likely to drive the growth of the colorants market all over the world. The market is driven by the growing inclination of consumers towards innovative and attractive shades of products and packaged items.

Colorants Market Restraints

Factors such as volatile commodity prices and concerns about environmental risks are expected to slow the colorants market growth during the forecast period. Global overcapacity, volatility in raw material prices, and concerns about environmental risks are limiting factors in the colorants market. Restrictions on the trade-in artificial colors act as a brake on market growth. The excess supply of dyes leads to lower prices which also restricts the market.

Opportunities in the Colorants Market

Ongoing research and development to improve the efficiency and performance of natural dyes and pigments to overcome the environmental risks produced by synthetic dyes are expected to create several opportunities for the colorants market in the coming years.

Challenges in the Colorants Market

Volatile raw material prices and strict government regulations pose challenges in the colorants market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2021 - 2026

CAGR

7.3%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Clariant AG, BASF SE, DIC Corporation, Huntsman Corporation, E. I. du Pont de Nemours & Company, Cabot Corporation, LANXESS AG, PolyOne Corporation,Sun Chemical CorporationSchulman, Inc., Ampacet Corporation, The DOW Chemical Company, Atul Ltd., Chromatech Incorporated, Ferro Corporation

Colorants Market Segmentation

Colorants Market - By Color

  • Natural Color
  • Synthetic Color

The different types of dyes and pigments are used as dyes to color clothing, paints, plastics, photographs, prints, ceramics, and other products. Dyes are soluble colors that are mainly used in textiles because they bind strongly to polymer molecules to make textile fibers.

Colorants Market - By Product 

  • Pigments
  • Dyes
  • Color concentrates
  • ·Masterbatches

Pigments are insoluble compounds used in the plastics, paint, and ceramic industries to change the color of transmitted and reflected light. The demand for pigments is very high in the application of paints and coatings in the automotive and construction industries. The use of pigments is also increasing in textile printing due to trends in the fashion industry.

Colorants Market - By End-User

  • Packaging
  • Paper & Printing
  • Textiles
  • Building & Construction
  • Automotive
  • Consumer Goods
  • Others

The final packaging industry leads the colorants market, which can be attributed to the increased use of dyes for coloring plastics used to package various types of products.

Colorants Market - By Region

  •   North America 

  •  Europe 

  •  Asia Pacific 

  •  Latin America 

  •  Middle East & Africa 

Asia-Pacific dominates the colorants market due to its rapidly developing end-use industries such as automotive, coatings and paints, packaging, and others. Growing urbanization in Asia-Pacific is creating demand for performance and effective dyes for various applications, which is expected to increase market growth in this region during the forecast period. Asia-Pacific is the largest consumer for colorants which is propelling the demand of the market. 

North America is the second-largest colorants market and will show steady growth over the forecast.

In the European region, dyes are used in various industries, such as textiles, packaging, pharmaceuticals, personal care, and construction. The presence of major players is likely to anticipate the growth of the colorants market in Europe.

The colorants market in the Asia Pacific region is expected to hit the highest CAGR in the coming years. Few of the Asia-Pacific countries such as India, China, and Vietnam have a low-cost workforce, and this is expected to be the best area for investment for the main players in the industry. Asia-Pacific has occupied the major share of the global colorants market in recent years. It is the main area for the production of dyes and pigments. India and China are expected to significantly accelerate the growth of the colorants market in Asia-Pacific. India is a major country in contributing the highest shares for the colorants market. In recent years, exports of dyes from the Asia-Pacific region to other regions of the world have experienced amazing growth.

Impact of Covid-19 on Colorants Market:

COVID 19 pandemic had changed many lives in distinct ways. The global economy was also hit badly due to the outbreak of COVID 19. Lockdown restrictions and a ban on flights had disturbed the flow of the supply chain across the world. This had created a negative impact on the growth rate of the colorants market, especially in the first months of 2020. The colorants market shares are expected to fall into the previous state by the end of 2021. 

Colorants Market Key Players:

  1. Clariant AG

  2. BASF SE

  3. DIC Corporation

  4. Huntsman Corporation

  5. E. I. du Pont de Nemours & Company

  6. Cabot Corporation

  7. LANXESS AG

  8. PolyOne Corporation

  9. Sun Chemical Corporation\

  10. Schulman, Inc.

  11. Ampacet Corporation

  12. The DOW Chemical Company

  13. Atul Ltd.

  14. Chromatech Incorporated

  15. Ferro Corporation

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Key Player Benchmarking                     

                              5.1.1 Market share analysis        

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                     

               5.3 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Colorants  Market, By Color                

                              6.1.1 Natural Color         

                              6.1.2 Synthetic Color     

                              6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                              6.1.4 Y-o-Y Growth Rate Analysis              

                              6.1.5 Market Attractiveness Index           

               6.2 Colorants  Market, By Product                           

                              6.2.1 Pigments  

                              6.2.2 Dyes          

                              6.2.3 Color concentrates              

                              6.2.4 Masterbatches      

                              6.2.5 Market Size Estimations & Forecasts (2021-2026)   

                              6.2.6 Y-o-Y Growth Rate Analysis              

                              6.2.7 Market Attractiveness Index           

               6.3 Colorants  Market, By End-User                        

                              6.3.1 Packaging

                              6.3.2 Paper & Printing    

                              6.3.3 Textiles     

                              6.3.4 Building & Construction     

                              6.3.5 Automotive            

                              6.3.6 Consumer Goods  

                              6.3.7 Market Size Estimations & Forecasts (2021-2026)   

                              6.3.8 Y-o-Y Growth Rate Analysis              

                              6.3.9 Market Attractiveness Index           

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                   

               7.2 North America - Market Analysis (2018 - 2024)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Color   

                              7.2.3 By Product              

                              7.2.4 By End-User           

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Color   

                              7.3.3 By Product              

                              7.3.4 By End-User           

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Color   

                              7.4.3 By Product              

                              7.4.4 By End-User           

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Color   

                              7.5.3 By Product              

                              7.5.4 By End-User           

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Color   

                              7.6.3 By Product              

                              7.6.4 By End-User           

8. Key Player Analysis                                   

               8.1 Clariant AG                

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 BASF SE                       

               8.3 DIC Corporation                       

               8.4 Huntsman Corporation                         

               8.5 E. I. du Pont de Nemours & Company                            

               8.6 Cabot Corporation                  

               8.7 LANXESS AG               

               8.8 PolyOne Corporation                            

               8.9 Sun Chemical Corporation\                 

               8.10 Schulman, Inc.                       

               8.11 Ampacet Corporation                         

               8.12 The DOW Chemical Company                          

               8.13 Atul Ltd.                   

               8.14 Chromatech Incorporated                 

               8.15 Ferro Corporation                 

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Colorants Market By Region, From 2021-2026 ( USD Billion )

  2. Global Colorants Market By Color, From 2021-2026 ( USD Billion )

  3. Global Natural Color Market By Region, From 2021-2026 ( USD Billion )

  4. Global Synthetic Color Market By Region, From 2021-2026 ( USD Billion )

  5. Global Colorants Market By Product, From 2021-2026 ( USD Billion )

  6. Global Pigments Market By Region, From 2021-2026 ( USD Billion )

  7. Global Dyes Market By Region, From 2021-2026 ( USD Billion )

  8. Global Color concentrates Market By Region, From 2021-2026 ( USD Billion )

  9. Global Masterbatches Market By Region, From 2021-2026 ( USD Billion )

  10. Global Colorants Market By End-User, From 2021-2026 ( USD Billion )

  11. Global Packaging Market By Region, From 2021-2026 ( USD Billion )

  12. Global Paper & Printing Market By Region, From 2021-2026 ( USD Billion )

  13. Global Textiles Market By Region, From 2021-2026 ( USD Billion )

  14. Global Building & Construction Market By Region, From 2021-2026 ( USD Billion )

  15. Global Automotive Market By Region, From 2021-2026 ( USD Billion )

  16. Global Consumer Goods Market By Region, From 2021-2026 ( USD Billion )

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