North America Colorant Market

North America Colorant Market Size, Growth, Trends and Forecast:

North America Colorant market size was about USD 12.13 Billion in 2021. It is expected to raise at a CAGR of 5.2% to reach a market valuation of USD 15.63 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.

North America Colorant Market Segmentation:

North America Colorant Market – By Type:

• dyes

• pigments
• masterbatches
• 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.

North America Colorant Market – By End-User Industry:

• packaging
• textiles
• paper and printing
• building and construction
• automotive
• 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.

Geographical Analysis:

By geography, the North America colorants market has been fragmented into United States of America and Canada. The North America regional market is dominated by U.S., owing to significant demand for pigment and dye, which is driven by several factors including technological development and increasing request in paints market. The demand for these dyes and pigments in North America was over 550 kilo tons and is expected to grow at a high CAGR during the forecast period. Growing printing inks and architectural coatings demand in North America is anticipated to contribute towards market growth over the next few years.

Key Players:

The leading manufacturers working in the North America 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.