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.
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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.
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Market Segment:
Global Colorants
Application Outlook (Kilo Tons, USD Million, 2014 - 2025)
• Plastics
•
Benzimidazolone
•
Pyrazolone
• Phthalocyanine
•
Quinacridone
•
Titanium Dioxide
•
Chromium
•
Cadmium
•
Others
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