Market Overview:
The global color measurement instruments market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for color measurement instruments in laboratories and industrial applications. In addition, the growing awareness about quality control and product safety is also driving the demand for color measurement instruments globally. The global color measurement instruments market can be segmented on the basis of type into bench-top color measurement instruments and portable color measurement instruments. The bench-top type of instrument is more popular among users as it offers high accuracy and precision results; however, portable devices are gaining traction due to their ease of use and portability. On the basis of application, the market can be divided into laboratory applications and industrial applications. Laboratory applications held a larger share in 2017 owing to increased usage by research institutes, universities, pharmaceutical companies, etc.
Product Definition:
A color measurement instrument is a device used to measure the color of an object. They are important because they allow people to accurately quantify and compare colors, which is necessary for tasks such as matching colors or creating accurate reproductions.
Bench-Top Color Measurement Instruments:
Bench-top color measurement instruments are used for the determination of color by comparison to a standard. The most commonly used standards are CIE LAB and CIELAB, which define three different coordinate systems to compare colors.
The major factor responsible for growth in this market is increasing demand from various application segments such as printing inks, paints & coatings, plastics & polymers and paper industries among others.
Portable Color Measurement Instruments:
Portable color measurement instruments are used to measure the color of various objects. These instruments can be used for different applications such as automotive, construction, packaging and printing industries. The major application areas where these devices are used is in printing ink manufacturing process and also in the packaging industry to check if products being shipped are correct or not.
Application Insights:
The laboratory application segment accounted for the largest share of over 50.0% in 2017 and is anticipated to maintain its lead over the forecast period. The increasing demand for color measurement instruments in research laboratories across various industries, such as textile, printing and packaging, paints and coatings, etc., is expected to drive growth. Furthermore, an increase in R&D activities pertaining to new product development coupled with a rise in consumer awareness regarding color accuracy will further propel industry growth during the forecast period.
Industrial applications include production facilities of various industries including metal fabrication plants; chemical processing centers; paper mills; cement manufacturing plants; glassfactories among others that require accurate measurements of colors used while producing products or materials for production purposes.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of major players, technological advancements, and high demand for color measurement instruments from various end-use industries such as manufacturing, automotive & transportation, and textile. Moreover, increasing R&D activities related to color measurement are also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising industrialization coupled with rapid economic development in countries such as China and India. In addition, growing awareness regarding quality standards among customers will further propel product adoption across end-use industries in this region during the forecast period.
Growth Factors:
- Increasing demand for color accuracy in various industries
- Technological advancements in color measurement instruments
- Growing awareness about the benefits of using color measurement instruments
- Rising demand from emerging markets
- Growing number of applications for color measurement instruments
Scope Of The Report
Report Attributes
Report Details
Report Title
Color Measurement Instruments Market Research Report
By Type
Bench-Top Color Measurement Instruments, Portable Color Measurement Instruments
By Application
Laboratory, Industrial
By Companies
ALTANA, Konica Minolta, Testronix, PCE, Michigan, X-Rite, Datacolor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Color Measurement Instruments Market Report Segments:
The global Color Measurement Instruments market is segmented on the basis of:
Types
Bench-Top Color Measurement Instruments, Portable Color Measurement Instruments
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Laboratory, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ALTANA
- Konica Minolta
- Testronix
- PCE
- Michigan
- X-Rite
- Datacolor
Highlights of The Color Measurement Instruments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bench-Top Color Measurement Instruments
- Portable Color Measurement Instruments
- By Application:
- Laboratory
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Color Measurement Instruments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Color measurement instruments are devices that allow for the accurate determination of colors in a sample. This can be done by measuring the wavelength of light that is reflected or emitted from the sample, and then converting this into a color value.
Some of the major players in the color measurement instruments market are ALTANA, Konica Minolta, Testronix, PCE, Michigan, X-Rite, Datacolor.
The color measurement instruments market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Color Measurement Instruments Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Color Measurement Instruments Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Color Measurement Instruments Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Color Measurement Instruments Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Color Measurement Instruments Market Size & Forecast, 2020-2028 4.5.1 Color Measurement Instruments Market Size and Y-o-Y Growth 4.5.2 Color Measurement Instruments Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Bench-Top Color Measurement Instruments
5.2.2 Portable Color Measurement Instruments
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Laboratory
6.2.2 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Color Measurement Instruments Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Color Measurement Instruments Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Bench-Top Color Measurement Instruments
9.6.2 Portable Color Measurement Instruments
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Laboratory
9.10.2 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Bench-Top Color Measurement Instruments
10.6.2 Portable Color Measurement Instruments
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Laboratory
10.10.2 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Bench-Top Color Measurement Instruments
11.6.2 Portable Color Measurement Instruments
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Laboratory
11.10.2 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Bench-Top Color Measurement Instruments
12.6.2 Portable Color Measurement Instruments
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Laboratory
12.10.2 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Bench-Top Color Measurement Instruments
13.6.2 Portable Color Measurement Instruments
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Laboratory
13.10.2 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Color Measurement Instruments Market: Competitive Dashboard
14.2 Global Color Measurement Instruments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ALTANA
14.3.2 Konica Minolta
14.3.3 Testronix
14.3.4 PCE
14.3.5 Michigan
14.3.6 X-Rite
14.3.7 Datacolor