The report “Colorants Market by Type (Dyes, Pigments, Masterbatches, Color Concentrates), End-Use Industry (Packaging, Building & Construction, Automotive, Textiles, Paper & Printing), Region (North America, Asia-Pacific, Europe) – Global Forecast to 2022″, The Colorants Market was valued at USD 47.45 Billion in 2016 and is projected to reach USD 65.65 Billion by 2022, at a CAGR of 5.0% from 2017 to 2022.
Browse 90 market data tables and 42 figures spread through 167 pages and in-depth TOC on“Colorants Market”
Clariant AG (Switzerland) is one of the key players operating in the colorants market. The company operates in the color, additive, and masterbatch businesses. It has adopted the new product launches, mergers & acquisitions, and agreements & partnerships strategies to enhance its position in the colorants market. For instance, in April 2017, Clariant (Switzerland) introduced Hostatint A 100-ST, a pigment preparation of transparent preparations and Hostatin UV range for radiation cured coating systems. Hostatint A 100-ST imparts metallic and mineral effects and shades for surface shades and contour applications.
BASF SE (Germany) is the market leader in the colorants market and manufactures different types of colorants such as dyes, pigments, and masterbatches. The dispersions & pigments unit accounted for 30% of the sales of this business segment. The company in the last two years has been engaged in agreements & partnerships, new product launches, investments & expansions strategies to provide solutions to coatings, plastics, printing, cosmetics, and agriculture industries. The company is constantly innovating to satisfy the needs of its growing customers. For instance, in April 2017, BASF SE and Landa Labs entered into a partnership, and as per the agreement, BASF decided to adopt Landa’s revolutionary nano-pigment technology for the manufacture of dispersible ultra-high transparency pigments under the Colors & Effects brand.
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Regulations involved in recycling the use of food grade colorants in medical, cosmetics, pharmaceutical, and food & beverages packaging sectors affects the colorants market. Moreover, environmental regulations related to dyes also affect their demand. Environmental awareness and growing steps to combat the environmental and health impacts of colorants are expected to influence the future of the colorants market.
Among end-use industries, the packaging segment of the colorants market is projected to grow at the highest CAGR from 2017 to 2022. The growth of the packaging end-use industry segment of the market is due to the increasing use of plastics in packaging applications as they offer high strength, increased flexibility, excellent impermeability, lightweight, and high stability. Moreover, a high degree of aesthetic appeal of products not only helps in product differentiation but also influences preferences of customers. Colorants such as, masterbatches, color concentrates, and pigments are widely used in plastics. Pigments are used in various packaging applications such as in coloring paper, inks, coating metals, and so on. Dyes are also used in coloring transparent plastic applications, inks, and paper. In addition to this, the increasing use of a variety of colorants to enhance the attractiveness of packaging has led to the growth of the packaging end-use industry segment of the colorants market.
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