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Colorants Market is estimated to reach USD 65.65 Billion by 2022 | Research Cosmos

 



(Food-Beverage-News.Com, April 11, 2018 ) The colorants market is projected to reach USD 65.65 Billion by 2022, at a CAGR of 5.0% from 2017 to 2022. The colorants market has witnessed high growth in the recent years, and this growth is projected to continue in the near future, owing to the increase in demand for colorants in various end-use industries, such as packaging, building & construction, and automotive, among others and in applications such as plastics and paints & coatings. The growing demand for plastics in various industries is also a driver for the growth of the colorants market.

Explore More Information about report @ https://www.researchcosmos.com/reports/global-colorants-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/3393011

On the basis of type, the colorants market has been segmented into pigments, dyes, masterbatches and color concentrates. The pigments segment leads the colorants market. The growth of this segment of the market can be attributed to the increasing use of pigments in the paints & coatings application in the automotive and building & construction industries. The market for masterbatches is projected to grow at the highest CAGR during the forecast period due to the growing plastics industry.

On the basis of end-use industry, the colorants market has been classified into packaging, textiles, paper & printing, building & construction, automotive, and others. The packaging end-use industry is leading the colorants market and is projected to grow at the highest CAGR during the forecast period. The growth of the packaging end-use industry in the colorants market is due to the increased demand for colorants for coloring plastics used for lightweight packaging. Moreover, increasing use of colorants to color packaging materials such as plastics, paper, metal, fabric, and so on has also propelled growth in this industry.

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Based on region, the colorants market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. The Asia-Pacific colorants market is projected to grow at the highest CAGR during the forecast period, owing to the increasing demand for colorants in packaging medical, pharmaceutical, and food & beverages products.

The key restraining factors for the colorants market are environmental regulations and volatility in raw material prices. This is expected to trigger innovations in the colorants market, as manufacturers of colorants are expected to take initiatives to manufacture colorants that are compliant with regulations. Moreover, companies such as, Clariant AG (Switzerland), BASF SE (Germany), DIC Corporation (Japan), Huntsman Corporation (U.S.), E. I. du Pont de Nemours & Company (U.S.), Cabot Corporation (U.S.), LANXESS AG (Germany), PolyOne Corporation (U.S.), and Sun Chemical Corporation (U.S.) are investing in R&D activities to launch new products and strengthen their positions in the colorants market.

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About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.

Research Cosmos

Dani Rodriguez

+1 888 709 8757

dani@researchcosmos.com

Source: EmailWire.Com
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