The global colorants market revenue is expected to expand at a significant CAGR over the forecast period. Colorants are color additives used for changing color of products by adding or applying it on the surface. However, regulation on usage of certain ingredients in colorants and impact of environmental hazards while manufacturing artificial colors are major factors that may hamper growth of the target market in the near future.
The global colorants market report has been segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into pigments, dyes, color concentrates, and masterbatches. Pigment segment is sub-segmented into organic and inorganic. Dyes segment is sub-segmented into synthetic and natural. Color concentrates segment is sub-segmented into liquid and solid. The natural sub-segment in the dyes segment is expected to witness fastest growth in terms of revenue over the forecast period, owing increasing demand for products with natural additives among individuals.
On the basis of application, the market is segmented into textile, personal care, paints and coatings, printing, packaging, and others. Textile segment dominates the global market in terms of revenue and is expected to maintain its position over the forecast period, owing to increasing demand for fashionable clothes with changing fashion trends among end-users. Printing segment is expected witness lucrative growth in the near future, owing to rising demand for colored glass, fabrics, paper, etc.
Request for the Sample Report Here: https://marketresearch.biz/report/colorants-market/request-sample/
Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, the market in Europe dominates the global market, owing to rising demand for natural coloring. The market in North America is expected to witness moderate growth in the near future. The market in Asia Pacific expected to witness significant growth in terms of revenue over the forecast period, owing to increasing number of textiles and processed food manufacturing industries especially in developing countries.
Key players operating in the global colorants market include Chr. Hansen Holding A/S, Sethness Products Company, Sensient Technologies Corporation, Jagson Colorchem Limited, PolyOne Corporation, Penn Color, Inc., Clariant International AG, LANXESS Aktiengesellschaft, GNT International B.V., and Symrise AG.