DUBLIN--(BUSINESS WIRE)--The "Colorants Market by Type - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global colorants market was valued at $41 billion in 2016, and is projected to reach $64 billion by 2023, registering a CAGR of 6.5% from 2017 to 2023.Ingredients that add color to the product are termed as colorants. Colorants can be natural or synthetic additives. Pigments and dyes the common colorants serving industries such as clothes, paints, prints, plastics, photographs, and ceramics. Dyes are soluble in water, and mainly serve textile industry, whereas the pigments are insoluble and are utilized by the plastics, ceramics, and painting industries.
Upsurge in demand for end-use industry such as plastic and paints & coatings. Moreover, the increased consumer expenses on packaged food products, and cosmetics products boosts the market growth. However, the environmental regulations related to artificial colors restrict this growth. Also, the oversupply of dyes, leading to its decreased price hampers the market growth. Recycling of plastics and volatility of raw materials also restraints the market. Nevertheless, the technological advancement provides several growth opportunities for market expansion.
The global colorant market is segmented based on type, end-use industry, and geography. Based on type, it is classified into dyes and pigments. Based on end-use industry, it is divided into packaging, building & construction, automotive, textiles, paper & printing, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in this study include:
- BASF SE
- Sun Chemical Corporation
- Clariant AG
- Polyone Corporation
- E. I. Du Pont De Nemours and Company
- Huntsman Corporation
- DIC Corporation
- Cabot Corporation
Key Topics Covered:
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Market Overview
Chapter 4. Global Colorants Market, By Type
Chapter 5. Global Colorants Market, By End-Use Industry
Chapter 6. Global Colorants Market, By Geography
Chapter 7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/wt42lg/global_colorants?w=4