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Global Colorants Market By Type (Dyes, Pigments, Masterbatches, and Color Concentrates), By Product (Natural Color and Synthetic Color), By End-Use Industry (Packaging, Food & Beverage, Building & Construction, Automotive, Textiles, Paper & Printing and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) - Global Forecast to 2027
Global Colorants Market Overview
Any substance that can make a substance show the color required by design is called a colorant. A colorant or color additive is a substance added to change the color of a material or surface. Colorants are used for many purposes, including printing, painting, and coloring many types of materials, such as food and plastic. The colorant acts by absorbing different amounts of light at different wavelengths (or frequencies) of the spectrum, transmitting (if translucent), or reflecting the remaining light in a straight line or a scattered manner. It can be organic or inorganic, natural or synthetic.
Global Colorants Market Insights
The global colorant market size value was USD 58.73 billion in 2019 and likely to reach USD 85.54 billion by 2027 at a CAGR of 4.69% over the forecast period, 2020-2027. The growth of the market is driven by the surge in demand for colorants in various end-use industries, including packaging, building & construction, automotive, plastics, paints, and coatings. Further, growing population, swelling disposable income, consumer spending on packaged food products, and fashionable garments are projected to drive the colorants’ market growth. Additionally, the rising demand for high-performance pigments and growing inclination toward environment-friendly products will spur the global colorants industry in the upcoming periods. Also, the edible color to increase the texture and appearance of the food products likely to augment the market expansion in future periods.
Moreover, the increasing urbanization and growing demand for innovative and appealing shades and formats in packaged products and items are likely to witness remarkable growth of the market. Also, the upsurge in awareness of environment-friendly features and health benefits of natural colorants, along with favorable government regulations towards eco-friendly initiatives, is positively impacting the demand. Furthermore, the high adoption of food colorant in epicure dishes and the upsurge in ready-to-eat (RTE) food products is expected to expand the colorant industry’s growth in the coming years. Additionally, the shifting preference towards colored products due to flavor perception will fuel the colorant industry’s growth in the analysis timeframe. The surge in the Millennials, Generation Z, and Boomers towards the products providing a clean label, high protein, and low sugar will trigger the robust expansion of the global colorants market in the forthcoming period.
Growth Driver
Increasing applications of colorants in emerging economies
The colorant market has experienced rapid growth and is expected to continue to grow in the next coming years due to increased demand for colorants in various end-use industries such as packaging, construction and construction, and automobiles, as well as increased applications in plastics, paints, and coatings. The increasing demand for plastics in various industries is also the driving force behind the growth of the colorant market. The Asia-Pacific region is currently the world’s largest market for colorants. These factors are mainly due to the rapid rise of some emerging developing countries in the region, such as China and India. The global colorant market trend is also affected by factors such as consumption levels, consumer preferences, and people’s lifestyles.
Type Segmental Analysis
Based on type, the global colorants market classified into Dyes, Pigments, Masterbatches, and color concentrates. The pigments will witness significant growth in the forecast period. It is due to the surge in demand for the pigment in the paints & coatings application in the automotive and building & construction industries.
Dyes are anticipated to witness substantial growth in the estimated period due to the relatively poor heat resistance, light resistance, and solvent-resistance of dyes. They are rarely used in plastic coloring and are mainly used for dyeing various textile fibers.
Product Segmental Analysis
Based on the product, the global colorants market bifurcates into natural color and synthetic color. The natural color held a lucrative share in 2019 and projected to dominate the global colorants market by 2027. It is due to natural colorants derived from plant tissues and used in chlorophyll, curcumin, carotene, red yeast, sugar color, etc. Based on people’s concern for health, natural pigments are increasingly valued.
The synthetic color is estimated to hold the largest share of the colorants market segment in the forecast period. It is due to synthetic color having physical properties such as absorption, solubility, viscosity, migration, non-abrasive, and relatively less toxic.
End-User Industry Segmental Analysis
Based on the end-user industry, the global colorants market segregated into packaging, food & beverage, building & construction, automotive, textiles, paper & printing, and others. The packaging segment estimated to lead the market by 2027. Due to the surge in demand for colorants for coloring plastics used for lightweight packaging and color packaging materials such as paper, plastics, metal, fabric, etc.
The textiles segment will grow at a significant rate during the forecast period due to the rise in consumer spending on clothing and garment. The increasing demand for eco-friendly products is enhancing the use of dyes in the textile industry.
Region Segmental Analysis
Based on geography, the global colorants market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific captured the largest market share in global Colorants 2019 and projected to dominate the market by 2027. It is due to the growing demand for colorants in packaging medical, pharmaceutical, and food & beverage products. Additionally, India is the top supplier of pigments, intermediates, and dyes in the world and the swelling demand for the food & beverage industry in India, Taiwan, and South Korea.
Europe occupied a prominent share of the Colorants market in 2019. Due to the favorable regulatory scenario, growing preference for naturally derived color additives, and the surge in demand for colorant demand in food, personal care, and textile segment.
Competitor Analysis
Companies such as Chr. Hansen Holding, Sethness Products Company, Sensient Technologies Corporation, Jagson Colorchem Limited, PolyOne, Penn Color, Clariant International, Lanxess AG, GNT Group, Symrise AG, San-Ei Gen F.F.I., Inc., DD Williamson, T.H. Glennon, Pylam Products, Teknor Apex Company, and ROHA JTT Group are the key players in the global colorants market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global colorants manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to colorants
- Regulatory bodies
- Suppliers
- Retailers
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Type
- Dyes
- Pigments
- Masterbatches
- Color Concentrates
- Others
By Product
- Natural Color
- Synthetic Color
By End-User Industry
- Packaging
- Building & Construction
- Food & Beverages
- Automotive
- Textiles
- Paper & Printing
- Personal Care
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Global Colorants Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- New Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Global Colorants Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Kilo Tons)
- Market Share & Forecast, 2016-2027
- By Type
- Dyes
- Pigments
- Masterbatches
- Color Concentrates
- Others
- By Product
- Natural Color
- Synthetic Color
- By End-User Industry
- Packaging
- Building & Construction
- Food & Beverages
- Automotive
- Textiles
- Paper & Printing
- Personal Care
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type
- Demand
- Market Size & Forecast, 2016-2027
- North America Colorants Market Overview
- North America Colorants Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Kilo Tons)
- North America Colorants Market Share & Forecast, 2016-2027
- By Type
- Dyes
- Pigments
- Masterbatches
- Color Concentrates
- Others
- By Product
- Natural Color
- Synthetic Color
- By End-User Industry
- Packaging
- Building & Construction
- Food & Beverages
- Automotive
- Textiles
- Paper & Printing
- Personal Care
- Others
- By Country
- US
- Canada
- Mexico
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Colorants Market
- By Type
- Demand
- North America Colorants Market Size & Forecast, 2016-2027
- Europe Colorants Market Overview
- Europe Colorants Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Kilo Tons)
- Europe Colorants Market Share & Forecast, 2016-2027
- By Type
- Dyes
- Pigments
- Masterbatches
- Color Concentrates
- Others
- By Product
- Natural Color
- Synthetic Color
- By End-User Industry
- Packaging
- Building & Construction
- Food & Beverages
- Automotive
- Textiles
- Paper & Printing
- Personal Care
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Colorants Market
- By Type
- Demand
- Europe Colorants Market Size & Forecast, 2016-2027
- Asia Pacific Colorants Market Overview
- Asia Pacific Colorants Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Kilo Tons)
- Asia Pacific Colorants Market Share & Forecast, 2016-2027
- By Type
- Dyes
- Pigments
- Masterbatches
- Color Concentrates
- Others
- By Product
- Natural Color
- Synthetic Color
- By End-User Industry
- Packaging
- Building & Construction
- Food & Beverages
- Automotive
- Textiles
- Paper & Printing
- Personal Care
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Colorants Market
- By Type
- Demand
- Asia Pacific Colorants Market Size & Forecast, 2016-2027
- South America Colorants Market Overview
- South America Colorants Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Kilo Tons)
- South America Colorants Market Share & Forecast, 2016-2027
- By Type
- Dyes
- Pigments
- Masterbatches
- Color Concentrates
- Others
- By Product
- Natural Color
- Synthetic Color
- By End-User Industry
- Packaging
- Building & Construction
- Food & Beverages
- Automotive
- Textiles
- Paper & Printing
- Personal Care
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Colorants Market
- By Type
- Demand
- South America Colorants Market Size & Forecast, 2016-2027
- Middle East & Africa Colorants Market Overview
- Middle East & Africa Colorants Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Kilo Tons)
- Middle East & Africa Colorants Market Share & Forecast, 2016-2027
- By Type
- Dyes
- Pigments
- Masterbatches
- Color Concentrates
- Others
- By Product
- Natural Color
- Synthetic Color
- By End-User Industry
- Packaging
- Building & Construction
- Food & Beverages
- Automotive
- Textiles
- Paper & Printing
- Personal Care
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Colorants Market
- By Type
- Demand
- Middle East & Africa Colorants Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Hansen Holding
- Sethness Products Company
- Sensient Technologies Corporation
- Jagson Colorchem Limited
- PolyOne
- Penn Color
- Clariant International
- Lanxess AG
- GNT Group
- Symrise AG
- San-Ei Gen F.F.I., Inc.
- DD Williamson
- H. Glennon
- Pylam Products
- Teknor Apex Company
- ROHA JTT Group
- Other Prominent Players
