July 09, 2020
According to the research report titled ‘Global Colorants Market - Analysis By Product Type, Source, End-User Industry, By Region, By Country (2019 Edition): Opportunities and Forecast (2019-2024)’, available with Market Study Report LLC, global colorants market was valued at USD 46600 million in the year 2018 and is expected to amass significant revenues by 2024.
Rising demand for colorants from packaging sector in order to improve the aesthetics of products used for packaging, alongside growing usage of colorants in paints, coatings, and plastics applications are fueling the market growth. Moreover, extensive use of colorants in several end-user industries such as paints & coatings, chemical, plastic, construction and others is augmenting the global colorants market outlook.
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Based on product type, the market is divided into dyes and pigments. As per the source, the industry is segmented into natural colorants and synthetic colorants. While speaking of end-user spectrum, global colorants market is categorized into paints & coatings, packaging, food & beverages, textile, automotive, paper & printings, and plastics.
Moving on to regional overview, the market is divided into Asia-Pacific, North America, Europe, and rest of the world with main focus on nations like Spain, Italy, France, Germany, South Korea, Japan, China, India, Canada, and United States.
Key players operating in global colorants market are Lanxess AG, Huntsman Corporation, Atul Limited, Sun Chemical, Poly One Corporation, Clariant, Ferro Corporation, Aarti Industries, Cabot Corporation, and Flint Group among others.