Colorant Market Size Worth $37.49 Billion By 2025 | CAGR: 4.2%

The global colorants market size is expected to reach USD 37.49 billion by 2025, at a registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. Rising consumer demand for dyestuffs in various end-use segments such as plastics, textiles, food, and paints & coating is anticipated to act as a major growth factor for the global market over the next few years.

Growing population, increasing disposable income coupled with consumer spending on packaged food products, and fashionable garments are estimated to drive product demand over the forecast period. Increasing awareness of environment-friendly features and the health benefits of natural colorants coupled with favorable government regulations towards eco-friendly initiatives are anticipated to remain a key factor for the growth of the natural ingredients market over the next nine years.

Paints & coatings sector is expected to appear as the fastest-growing application segment and is estimated to exceed USD 10 billion by 2025. Rising pigment and dye demand coupled with growing investment in advanced technologies used for the production of colorants are major factors contributing towards significant product demand in paints and coatings sector.

Caramel colors used in foods and beverages, including batter, buns, brown bread, chocolate, cookies, spirits, cough drops, and liquor such as beer, brandy, whiskey, and rum, are expected to remain the leading product category in food segment over the forecast period. The segment is estimated to reach a net worth exceeding USD 47.9 million by 2025.

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http://www.grandviewresearch.com/industry-analysis/colorants-market

Further key findings from the report suggest:

• Textile segment emerged as the leading application category and accounted for over 30% of the total demand in 2015. Disperse dyes dominated the product category with a total market of over 125 kilo tons in the textile application sector in 2015.

• Plastic application is anticipated to experience steady growth, with a CAGR of 2.7% over the next nine years. Titanium dioxide pigment emerged as the dominant plastic colorant accounting for over 36% of revenue share in 2015.

• Printing application is the second fastest-growing sector with a demand of over 140 kilo tons in 2015

• Europe emerged as the dominant region and was valued over USD 8.7 billion in 2015, Germany is the leading market for dyes & pigments in overall Europe region is anticipated to grow at a CAGR of over 4% over the forecast period.

• Asia Pacific is anticipated to experience the fastest growth over the next decade. Colorants demand in the region was estimated at over 450 kilo tons in 2015 with China being the dominant consumer over the past few years.

• Major players including Chr. Hansen Holding A/S, BASF, Huntsman, Pidilite, Sensient Technologies, Jagson Colorchem, PolyOne, Penn Color, Clariant, and Lanxess dominated the global colorant market in 2015

Grand View Research has segmented the global colorant market on the basis of product, end-use, and region:

Colorant Application Outlook (Kilo Tons, USD Million, 2014 - 2025)

• Plastics

  • Benzimidazolone

  • Pyrazolone

  • Phthalocyanine

  • Quinacridone

  • Titanium Dioxide

  • Chromium

  • Cadmium

  • Others

• Textile

  • Disperse

  • Acid

  • Direct

  • Basic

  • Reactive

  • Sulfur

  • Vat

  • Organic pigments

  • Inorganic pigments

  • Other

• Food & Beverages

  • Annatto

  • Anthraquinone

  • Anthocyanins

  • Caramels

  • Carotenoid

  • Curcumin

  • Lutein

  • Allura Red

  • Tartrazine

  • Titanium Dioxide

  • Others

• Personal Care

  • Annatto

  • Caramel

  • Carmine

  • Carotenoids

  • Henna

  • Iron Oxide

  • Chromium

  • Titanium Dioxide

  • Zinc Oxide

  • Others

• Printing

  • Azo

  • Benzimidazolone

  • Quinacridone

  • Phthalocyanine

  • Iron

  • Titanium Dioxide

  • Others

• Paints & Coatings

  • Benzimidazolone

  • Quinacridone

  • Phthalocyanine

  • Iron Oxide

  • Chromium

  • Titanium Dioxide

  • Zinc oxide

  • Others

• Other applications

Colorant Regional Outlook (Kilo Tons, USD Million, 2014 - 2025)

• North America

  • The U.S.

• Europe

  • Germany

  • The U.K.

  • France

• Asia Pacific

  • China

  • Japan

  • India

• Central & South America

• Middle East & Africa