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Colorants Market

Global Colorants Market Size, Share, Growth, Forecast: By Color: Natural, Synthetic; By Composition: Organic, Inorganic; By Form: Dyes, Pigments, Color concentrates, Masterbatches; By Application: Textile, Automobiles, Food and beverages, Paper and printing, Building and construction; Regional Analysis; Competitive Landscape; 2024-2032

Global Colorants Market Outlook

The global colorants market size reached a value of approximately USD 41.51 billion in 2023. The market is further projected to grow at a CAGR of 6% between 2024 and 2032, reaching a value of USD 70.33 billion by 2032.

 

Key Trends in the Market

Colorants are substances that impart color in order to modify or change the hue of a material. Colorants work by absorbing different amounts of light at varying wavelengths and reflecting or transmitting the remaining light in scattered or straight lines.

 

  • The demand for paints and coatings is rising rapidly from the automotive sector in order to protect the material from weathering and corrosion, among others. This rising utilisation by the automotive sector is resulting in colorants market growth.
  • Increasing global population and rising disposable income of consumers in developed and developing countries is expected to fuel the demand for high quality clothing and packaged food and beverages, ultimately boosting the demand for colorants.
  • Premature greying of hair due to unhealthy eating habits and stressful lifestyle along with the growing trend of hair coloring among millennials and gen-z has increased the demand for dyes that are mostly made using colorants.

 

Market Analysis

Based on color, the market is bifurcated into natural and synthetic. On the basis of composition, the market is divided into organic and inorganic. By form, the market is classified into dyes, pigments, color concentrates, and masterbatches. Based on application, the colorants market is categorised into textile, automobiles, food and beverages, paper and printing, and building and construction. By region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Cabot Corporation
  • Basf SE
  • DIC Corporation
  • Sun Chemical
  • Clariant AG
  • Lanxess AG
  • Avient Corporation
  • Heubach GmbH
  • Penn Color, Inc
  • Others

 

Market Share by Application

The textile segment is anticipated to account for a significant colorants market share owing to their extensive applications in printing and dyeing processes. The growing market for fast fashion and the changing preferences of consumers is favouring the adoption of colorants in textile applications. Textiles utilise synthetic and natural dyes, speciality colorants, and pigments to add color to materials.

 

Market Share by Region

North America held a significant share of the market owing to the growing demand from packaging industry in the region. The colorants help in making the package visually attractive to grab customer attention. The rising environmental consciousness among individuals in the region has shifted the focus of manufacturers towards developing eco-friendly and sustainable colorants. Countries such as the United States and Canada have well-established automotive, packaging, and construction sectors that are further boosting the product demand in North America and aiding the colorants market growth.

 

Competitive Landscape

Cabot Corporation was founded in 1882 and is headquartered in Massachusetts, United States. The company is known for providing speciality chemicals and performance materials to key industries such as transportation, environment, infrastructure, and direct consumer.

 

Basf SE is was founded in 1865 and is headquartered in Ludwigshafen, Germany. The company provides solutions and services to chemical, construction, oil and gas, electrical, furniture, and automotive industries.

 

DIC Corporation was established in 1908 and has its headquarters located in Tokyo, Japan. The company specialises in the development, manufacture, and sale of pigments, speciality plastics, biochemicals, inks, and polymers, among others.

 

Other major players in the market include Sun Chemical, Clariant AG, Lanxess AG, Avient Corporation, Heubach GmbH, and Penn Color, Inc, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Color
  • Composition
  • Form
  • Application
  • Region
Breakup by Color
  • Natural
  • Synthetic
Breakup by Composition
  • Organic
  • Inorganic
Breakup by Form
  • Dyes
  • Pigments
  • Color concentrates
  • Masterbatches
Breakup by Application
  • Textile
  • Automobiles
  • Food and beverages
  • Paper and printing
  • Building and construction
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Cabot Corporation
  • Basf SE
  • DIC Corporation
  • Sun Chemical
  • Clariant AG
  • Lanxess AG
  • Avient Corporation
  • Heubach GmbH
  • Penn Color, Inc
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface    
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Colorants Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Colorants Historical Market (2018-2023) 
    8.3    Global Colorants Market Forecast (2024-2032)
    8.4    Global Colorants Market by Color
        8.4.1    Natural
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Synthetic
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Colorants Market by Composition
        8.5.1    Organic
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Inorganic
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Colorants Market by Form
        8.6.1    Dyes
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Pigments
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Color concentrates
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Masterbatches
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
    8.7    Global Colorants Market by Application
        8.7.1    Textile
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Automobiles
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Food and beverages
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Paper and printing
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Building and construction
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032) 
    8.8    Global Colorants Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Colorants Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Colorants Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Colorants Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Colorants Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Colorants Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis  
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Cabot Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Basf SE
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    DIC Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Sun Chemical
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Clariant AG
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Lanxess AG
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Avient Corporation
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Heubach GmbH
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Penn Color, Inc
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Others  
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Colorants Market: Key Industry Highlights, 2018 and 2032 
2.    Global Colorants Historical Market: Breakup by Color (USD Billion), 2018-2023
3.    Global Colorants Market Forecast: Breakup by Color (USD Billion), 2024-2032
4.    Global Colorants Historical Market: Breakup by Composition (USD Billion), 2018-2023
5.    Global Colorants Market Forecast: Breakup by Composition (USD Billion), 2024-2032
6.    Global Colorants Historical Market: Breakup by Form (USD Billion), 2018-2023
7.    Global Colorants Market Forecast: Breakup by Form (USD Billion), 2024-2032
8.    Global Colorants Historical Market: Breakup by Application (USD Billion), 2018-2023
9.    Global Colorants Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.    Global Colorants Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Colorants Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Colorants Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Colorants Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Colorants Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Colorants Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Colorants Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Colorants Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Colorants Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Colorants Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Colorants Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Colorants Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Colorants Market Structure

Key Questions Answered in the Report

What was the global colorants market value in 2023?

The market reached a value of approximately USD 41.51 billion in 2023.

What is the growth rate of the colorants market?

The market is projected to grow at a CAGR of 6% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 70.33 billion by 2032.

What are the major drivers of the market?

The major drivers of the market include rising focus on developing eco-friendly colorants and growing construction activities.

What are the key colorants market trends?

The key trends of the market include rising demand for paints and coatings from automotive sector and growing requirement for high quality and natural colorants for textile applications.

What are the significant forms of colorants available in the market?

The significant forms of colorants available in the market are dyes, pigments, color concentrates, and masterbatches.

What are the major regions in the market?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Who are the key market players, according to the colorants market report?

The key market players are Cabot Corporation, Basf SE, DIC Corporation, Sun Chemical, Clariant AG, Lanxess AG, Avient Corporation, Heubach GmbH, and Penn Color, Inc, among others.

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