Rising demand for dyestuff
and masterbatch in various end use segments to drive global colorants market
during the forecast period
According
to TechSci Research report, “Global Colorants Market By Type, By Color, By End User Industry, By Region, Competition, Forecast &
Opportunities, 2025”, the global colorants market is projected to grow at
a CAGR of 9% until 2025 on account of surging demand for dyes and pigments from
the textile, paints & coatings and flexible packaging industries. Over the
next five years, anticipated growth in the global textile industry, increasing
construction activities and rising number of infrastructure projects across the
globe are expected to continue driving demand for paints & coatings,
globally. However, due to COVID-19 outbreak in FY2020, the market has witnessed
significant disruption in the supply of the raw materials and decline in demand,
which has hugely affected the global colorants market. Nevertheless, it is
anticipated that the market will get back to its pre-pandemic growth trend by
end of 2020.
Browse 111 market data Figures spread through 115 Pages and an in-depth TOC on"Global Colorants Market"
https://www.techsciresearch.com/report/global-colorants-market/2383.html
In terms of end user industry, the market is fragmented into packaging, building & construction, automotive, textiles, paper & printing and others. Out of these, the paper & printing segment accounted for the largest market share in 2019, followed by paints & coatings, textiles, packaging and plastics segments. Colorants are broadly classified into various categories which include dyes, pigments, masterbatches and color concentrates, which are further divided into sub-categories based on their unique properties. Based on type, the market can be categorized into dyes, pigments, masterbatches and color concentrates. Out of which, the dyes segment dominated the market in 2019 and is expected to maintain its leading position in the market during the forecast period as well.
Increasing demand for masterbatch from various
industries such as fast-moving packaging industry and automotive industry would
spur the global Colorants demand. Major players
operating in the global colorants market include Clariant AG, BASF SE, DIC
Corporation, Huntsman Corporation, E. I. du Pont de Nemours & Company,
Cabot Corporation, LANXESS AG, PolyOne Corporation, Sun Chemical Corporation, LyondellBasell,
Inc., Ampacet Corporation, The DOW Chemical Company, Atul Ltd., Chromatech
Incorporated, and Ferro Corporation, among others. Major companies are adopting
organic as well as inorganic strategies in order to stay competitive in the
market such as new environment friendly product launches, mergers &
acquisitions, agreements and collaborations.
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“Companies
engaged in the production of colorants are continuously focusing on switching
to environment friendly products. As a result of the ban imposed on some
specific colorants for apparel & textiles usage, companies are moving
forward with the production of non-carcinogenic azo dyes in order to meet surging
demand from the global textile industry. With growing demand from the textile and
plastic processing industry, the production and consumption of colorants is
expected to witness growth at a healthy pace from 2021 onwards until 2025.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Colorants Market By Type, By Color, By End
User Industry, By Region, Competition,
Forecast & Opportunities, 2025” has evaluated the future growth potential of global Colorants
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global Colorants market.
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