A recent report published by Infinium Global Research on colorants market provides in-depth analysis of segments and sub-segments in global as well as regional colorants market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional colorants market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global colorants market. According to the report the global colorants market is projected to grow at a CAGR of 5% over the forecast period of 2018-2024.
Colorants are the synthetic or the natural additive used to give a particular color to the substance or products. The various types of dyes and pigments are used as colorants to color the clothes, paints, plastics, photographs, prints, ceramics, and other products. The dyes are soluble colors are mainly used in textiles as they strongly bond to the polymer molecules to make textile fibers. Pigments are the insoluble compounds used in the plastic, paint and ceramics industries to modify the color of transmitted and reflected light.
Rising consumption of colorants in the various end use industries including chemical, coatings, paints, Construction, plastic, and others are the key driving factor for colorant market. In addition, the ongoing developments and advancements at the various end use industries create the demand for high-performance colorants that are likely to boost the growth of colorant market across all over the globe. However, the factors such as instability of raw material prices and the concern regarding environmental risks are expected to restrain the market growth during the forecast period. Moreover, ongoing research and development to improve the efficiency and performance of natural dyes and pigments to overcome the environmental hazards produced by the synthetic colorants is projected to create several opportunities for the colorant market in upcoming years.
Among the regions, Asia-Pacific dominates the colorant market owing to its rapidly developing end use industries such as Automotive, Coating and paints, packaging and others. The growing urbanization in Asia-Pacific creates the demand for efficient and high performing colorants for the various applications that are expected to escalate the market growth in this region over the forecast period. The Asia-Pacific is the largest consumer of colorant market followed by Europe. In the Europe region, the colorants are used in various industries such as textile, packaging, pharmaceuticals, personal care, and construction. The presence of major players is likely to anticipate the growth of Colorants market in the Europe region.
Some of the prominent players in the market are GNT Group, Symrise AG, Chr. Hansen Holding A/S Company, Sethness Products Company, San-Ei Gen F.F.I., Inc., Jagson Colorchem Limited and many others, Toyo Ink Group.
The report on global colorants market covers segments such as types and end use industries. On the basis of types, the global colorants market is categorized into dyes, pigments, color concentrates and others. On the basis of end use industries, the global colorants market is categorized into automotive, paints & coatings, packaging, building & construction, textiles, and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2014.
The report provides profiles of the companies in the global colorants market such as GNT Group, Symrise AG, Chr. Hansen Holding A/S Company, Sethness Products Company, San-Ei Gen F.F.I., Inc, D. D. Williamson & Co., Inc., Jagson Colorchem Limited, Teknor Apex Company, Clariant International, LANXESS AG., Toyo Ink Group.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global colorants market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of colorants market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the colorants market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the colorants market to understand the present and future trends in this market and formulate their strategies accordingly.
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