Market Overview:
The global colorants market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for colorants from various end-use industries, such as packaging, building & construction, automotive, textiles and others. In terms of type, pigments accounted for the largest share in the global colorants market in 2017. This can be attributed to their properties such as high hiding power and weather resistance. Based on application, packaging held the largest share in 2017 and is projected to grow at a CAGR of 6% during the forecast period.
Product Definition:
A colorant is a substance that imparts color. Colorants are used in many industries, including the printing, dyeing, and plastics industries. In the printing industry, for example, colorants are used to produce ink prints. The importance of colorants lies in their ability to impart colors to objects or substances.
Pigments:
Pigments are organic substances that are made to interact with light. They can be natural or synthetic in nature and can be used in various applications including paints, plastics, printing ink, cosmetics and even food products. Pigments provide color to the product they are applied to and hence have been a vital ingredient for human creativity since Palaeolithic times (the earliest known art).
Dyes:
Dyes are organic compounds that are used for coloring textiles, paper, and some plastics. Dyes can be natural or synthetic in nature. Natural dyes can be sourced from plants and animals whereas synthetic ones are produced by chemical synthesis. The textile industry was the largest application segment for dyes till date; however, with technological advancement it is now being replaced by papier mache & paper making applications owing to their high sustainability levels as compared to textile counterparts.
Application Insights:
The packaging application segment led the global colorants market in 2017 and is projected to witness significant growth over the forecast period. The increasing use of colorants in flexible packaging, such as bags, boxes and cans, coupled with rising consumer preference for packaged food products is expected to drive demand over the next eight years.
Building & construction was the second largest application segment that year accounting for 15% of total revenue share. Increasing infrastructural development projects across various regions are anticipated to augment industry growth over the coming years. For instance, according to a study conducted by HDR Group on behalf of Stichting Duurzame Verstedelijkte Landen (SDVLG), between 2015 and 2030 there will be around 1 million new buildings constructed across Europe each year which on average require about 70 tons per square kilometer of concrete surface area annually.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing product demand from end-use industries such as packaging, automotive, textiles, and building & construction. China is one of the major producers and consumers of colorants in this region owing to easy availability of raw materials coupled with cheap labor costs.
North America accounted for a share of more than 15% in 2017 owing to growing product demand from end-use industries such as packaging, automotive, textiles along with technological advancements associated with production process used by companies operating within North America region. Europe also has a significant market share due to high consumption levels coupled with stringent regulations by European Union regarding emission control systems installed on vehicles manufactured after 2016 model year which forces manufacturers using carbon black into opting for substitute products resulting into higher cost associated during manufacturing process or else face penalties on vehicle registration plates issued by respective countries authorities.
Growth Factors:
- Increasing demand from the end-use industries such as automotive, construction, and textile is expected to drive the colorants market growth.
- Rising awareness about the benefits of using colorants in various applications is projected to propel demand over the forecast period.
- Growing investments by key players in research and development activities for product innovation is likely to provide impetus to market growth.
- Stringent government regulations pertaining to use of specific colorants in different applications are anticipated to create new opportunities for market players over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Colorants Market Research Report
By Type
Pigments, Dyes, Masterbatches, Color Concentrates, Others
By Application
Packaging, Building & Construction, Automotive, Textiles, Others
By Companies
Clariant AG, BASF SE, DIC, Huntsman, Du Pont, Cabot, LANXESS AG, PolyOne, Sun Chemical, Clariant AG
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Colorants Market Report Segments:
The global Colorants market is segmented on the basis of:
Types
Pigments, Dyes, Masterbatches, Color Concentrates, Others
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
Packaging, Building & Construction, Automotive, Textiles, Others
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:
- Clariant AG
- BASF SE
- DIC
- Huntsman
- Du Pont
- Cabot
- LANXESS AG
- PolyOne
- Sun Chemical
- Clariant AG
Highlights of The Colorants 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:
- Pigments
- Dyes
- Masterbatches
- Color Concentrates
- Others
- By Application:
- Packaging
- Building & Construction
- Automotive
- Textiles
- Others
- 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 Colorants 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Colorants are chemicals that are used to change the color of a product.
Some of the key players operating in the colorants market are Clariant AG, BASF SE, DIC, Huntsman, Du Pont, Cabot, LANXESS AG, PolyOne, Sun Chemical, Clariant AG.
The colorants market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Colorants 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 Colorants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Colorants 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 Colorants 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 Colorants Market Size & Forecast, 2020-2028
4.5.1 Colorants Market Size and Y-o-Y Growth
4.5.2 Colorants 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 Pigments
5.2.2 Dyes
5.2.3 Masterbatches
5.2.4 Color Concentrates
5.2.5 Others
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 Packaging
6.2.2 Building & Construction
6.2.3 Automotive
6.2.4 Textiles
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Colorants 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 Colorants 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 Pigments
9.6.2 Dyes
9.6.3 Masterbatches
9.6.4 Color Concentrates
9.6.5 Others
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 Packaging
9.10.2 Building & Construction
9.10.3 Automotive
9.10.4 Textiles
9.10.5 Others
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 Pigments
10.6.2 Dyes
10.6.3 Masterbatches
10.6.4 Color Concentrates
10.6.5 Others
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 Packaging
10.10.2 Building & Construction
10.10.3 Automotive
10.10.4 Textiles
10.10.5 Others
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 Pigments
11.6.2 Dyes
11.6.3 Masterbatches
11.6.4 Color Concentrates
11.6.5 Others
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 Packaging
11.10.2 Building & Construction
11.10.3 Automotive
11.10.4 Textiles
11.10.5 Others
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 Pigments
12.6.2 Dyes
12.6.3 Masterbatches
12.6.4 Color Concentrates
12.6.5 Others
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 Packaging
12.10.2 Building & Construction
12.10.3 Automotive
12.10.4 Textiles
12.10.5 Others
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 Pigments
13.6.2 Dyes
13.6.3 Masterbatches
13.6.4 Color Concentrates
13.6.5 Others
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 Packaging
13.10.2 Building & Construction
13.10.3 Automotive
13.10.4 Textiles
13.10.5 Others
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 Colorants Market: Competitive Dashboard
14.2 Global Colorants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Clariant AG
14.3.2 BASF SE
14.3.3 DIC
14.3.4 Huntsman
14.3.5 Du Pont
14.3.6 Cabot
14.3.7 LANXESS AG
14.3.8 PolyOne
14.3.9 Sun Chemical
14.3.10 Clariant AG
