The global colorants market is
segmented into product such as dyes, pigment, master batches and color
concentrates. Among these segments, pigments segment is expected to occupy top
position in overall colorants market during the forecast period. Growing use of
pigments in food & beverage and textile industry is envisioned to bolster
the growth of the pigment colorants market. Moreover, rising demand for natural
colorants is anticipated to provide robust opportunity for the expansion of the
colorants market during the forecast period.
Global colorants
market is expected to flourish at a significant CAGR of 5.2% during
the forecast period. Moreover, the global colorants market is expected to
garner USD 46.8 Billion by the end of 2024. Factors such as wide scale
application in various end use industries and development of new shades are
believed to propel the growth of the global colorants market during the
forecast period.
Asia Pacific captured the highest
percentage of market share in overall colorants market in 2016. The growth in
the region can be attributed to presence of various end use industries in the
region. Besides, industrial growth in the region is also expected to positively
impact the growth of colorants market in the Asia Pacific. China is believed to
account for dominating share in Asia Pacific colorants market. North America is
anticipated to witness substantial growth during the forecast period. Rising
demand for naturally derived colorants is predicted to trigger the growth of
the colorants market in the region.
Rising
Demand for Organic Pigment
Increasing demand for organic
pigment in inks and coatings owing to their intense and bright colors is
anticipated to accelerate the growth of the global colorants market during the
forecast period. Moreover, development of new shades coupled with increasing
acceptance of new colors in cosmetic and plastic industry is anticipated to
intensify the growth of the global colorants market.
Spiked
Demand for Natural Colorants
Surging demand and adoption of
natural colorants in food & beverage industry is one of the major factors
propelling the growth of the global colorants market. Increasing healthcare
concerns in population is further expected to escalate the demand for natural
colorants during the forecast period.
Although, fluctuations in the
price of the raw material and strict government regulations limiting the use of
synthetic colors are some factors which are expected to dampen the growth of colorants
market during the forecast period.
The report titled “Colorants Market: Global Historical
Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis &
Opportunity Evaluation” delivers
detailed overview of the global colorants market in terms of market
segmentation by type, by product, by application and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global colorants
market which includes company profiling of BASF SE, Symrise AG, Chr. Hansen
Holding A/S, Sethness Products Company, Sensient Technologies Corporation, Jagson
Colorchem Limited, PolyOne Corporation, Clariant International, Lanxess AG and GNT
Group. The profiling enfolds key
information of the companies which encompasses business overview, products and
services, key financials and recent news and developments. On the whole, the
report depicts detailed overview of the Global colorants market
that will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
About Research
Nester
Research
Nester is a leading service provider for strategic market research and
consulting. We aim to provide unbiased, unparalleled market insights and
industry analysis to help industries, conglomerates and executives to take wise
decisions for their future marketing strategy, expansion and investment etc. We
believe every business can expand to its new horizon, provided a right guidance
at a right time is available through strategic minds. Our out of box thinking
helps our clients to take wise decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/colorants-market-global-historical-growth-2012-2016-future-outlook-2017-2024-demand-analysis-opportunity-evaluation/464
Contact for more Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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