Europe Colorant market size was about USD 13.10 Billion in 2021. It is expected to raise at a CAGR of 5.6% to develop to about USD 17.21 Billion by 2026. In this region ever increasing demands from the plastics industry, building and construction industry surges the market ahead and has the highest growth rate across all other regions.
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.
Europe Colorant Market – By Type:
dyes
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 master batches is anticipated to grow at the most astounding CAGR amid the figure time frame because of the developing plastics industry.
Europe Colorant Market – By End User Industry:
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.
Geographical Analysis:
By Geography, the colorants market has been fragmented into United Kingdom, Germany, Spain, Italy and France. Germany leads the market in this region because of its huge industrial sector and automotive sector. The market has prospects for future growth in the Eastern European countries over the next decade.
Key Players:
The leading manufacturers working in the EUROPE 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.
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