The Colorants
Market report discusses the
primary market growth drivers and challenges that the vendors and the market as
a whole face and provides an overview of the key trends emerging in the market.
This study also shows about the industry size of different segments and their
growth aspects along with key leading countries in Americas, Asia-Pacific,
Europe, the Middle East, and Africa regions.
Industry Insights
The global colorants market was estimated at 2,025 kilo tons in the year
2015. Natural colorants are extracted from different sources including
agricultural, biological, minerals and others. It is anticipated to witness a
significant growth due to rising demand for pigments & dyes from various
end-use applications majorly including textiles, food & beverages, and
plastics.
Colorants are defined as a substance that is used alone or in combination
with other ingredients to impart color in the product by altering its chemical
and physical properties. The market has experienced immense growth in countries
such as India, China, U.S., Canada, and Germany over the past few years due to
the increasing awareness towards consumption of natural ingredients.
Download Free Sample Report Now @ https://www.millioninsights.com/industry-reports/colorants-market/request-sample
Main features of the report:
·
To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global Colorants Market.
·
A complete backdrop analysis,
which includes an assessment of the parent market
·
Important changes in market dynamics
·
Market segmentation up to the
second or third level
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
·
Track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the
global Colorants Market.
·
Emerging niche segments and
regional markets
·
An objective assessment of the
trajectory of the industry.
The key driving factors such as increasing consumer preferences for
attractive product packaging, and fashionable clothing trends, especially in
U.S. are expected to spur the coloring agents demand over the forecast period.
The North American market is dominated by U.S., owing to the high demand of
pigment & dye product. The regional market is further influenced by
numerous factors including a rise in paints demand and technological
advancements.
Moreover, dyes & pigments are the natural or synthetic substances,
which provides hiding power, color and precise physical attributes to a final
product. They also support in enhancing durability and corrosion resistance
characteristics to end-use products. Color additives are the key components
that are utilized in manufacturing several finished products, by improving its
physical properties to make them attractive, appetizing, and appealing for its
customers.
Application Insights
The textile dominated the application sector and is anticipated to grow
at a CAGR of more than 3.5% in the coming years. Increasing consumer spending
on garments and clothing is expected to boost the market growth over the
forecast period. In addition, increasing drift towards consuming eco-friendly
products is triggering the use of dyes in the textile industry, which in turn
has led to an increase in the overall coloring agents’ sales.
Growing usage of colors in beverages and sugar products such as sweets,
chocolates, and ice creams is also anticipated to propel the product demand and
was valued at above 250 kilo tons in 2025. Rising consumption of carmine,
caramel, and annatto in personal care and food & beverage applications due
to its eco-friendly nature is expected to open new opportunity avenues for
market expansion.
Printing application segment was estimated to be around USD 1.8 billion
in 2015, owing to increased usage of ink and printing colors in ceramics, wall
coverings, fabrics, plastics, glass, metals, paper, and others. Moreover, due
to inherent features of inkjet such as water and light fastness and resilience
towards bleeding & heat, it is used in several end-use industries including
leather, paper, plastics, textiles, constructions, coatings & paintings.
Colorants are a significant part of several products, making them
informative and appealing. Consumers can identify a particular product with its
respective function because of the unique color code offered by the colorants.
This trend is widely adopted in candy flavors, packaging, and therapeutic
dosages. Trading of such colorants products is controlled by global regulatory
bodies including the U.S. Food and Drug Administration (FDA) and the European
Union.
Regional Insight
On the basis of region, the global colorants market is segmented into
North America, Europe, Asia Pacific, the Middle East & Africa, and Central
& South America. Europe emerged as a leading consumer accounting for more
than 35% of the revenue in 2015. Growing inclination for naturally derived
color additives along with the favorable regulatory norms is predicted to steer
the market growth in personal care, textile, and food segment over the forecast
period.
Rising architectural coatings and printing inks demand in North America
are anticipated to boost the market growth in the next eight years. The demand
for dyes & pigments was recorded over 550-kilo tons and is estimated to
witness highest growth rate during the forecast period.
The Asia-Pacific market was worth USD 5,500 million in 2015. Increasing
utilization of color additives in emerging economies such as China, India, and
Japan from end-use industries such as paper, textiles, coatings and plastics
are contributing towards the regional growth.
Competitive Insights
The key players in the colorants market include ROHA JTT group, Teknor
Apex Company, Pylam Products, T.H Glennon, DD Williamsom, San-Ei Gen F.F.I.,
Inc., Symrise AG, GNT Group, Lanxess AG, Clariant International, Penn Color,
Polyone, Jagson Colorchem Limited, Sensient Technologies Corporation, Sethness
Products Company, Chr. Hansen Holding. The coloarnts producers are involved in
sustaining healthy supply and distribution chain across the globe to increase
its market presence.
Know
More Insights @ https://newsonmarketblog.wordpress.com
No comments:
Post a Comment