18th December
2020 – The global 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.
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 provide
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.
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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.
On
the basis of region, the global colorants market is segmented into North
America, Europe, Asia Pacific, the Middle East & Africa, and Central &
South America. Europe emerged as a leading consumer accounting for more than
35% of the revenue in 2015. Growing inclination for naturally derived color
additives along with the favorable regulatory norms is predicted to steer the
market growth in personal care, textile, and food segment over the forecast
period. Rising architectural coatings and printing inks demand in North America
are anticipated to boost the market growth in the next eight years. The demand
for dyes & pigments was recorded over 550-kilo tons and is estimated to
witness highest growth rate during the forecast period. The Asia-Pacific market
was worth USD 5,500 million in 2015. Increasing utilization of color additives
in emerging economies such as China, India, and Japan from end-use industries
such as paper, textiles, coatings and plastics are contributing towards the
regional growth.
The
key players in the colorants market include ROHA JTT group, Teknor Apex
Company, Pylam Products, T.H Glennon, DD Williamsom, San-Ei Gen F.F.I., Inc.,
Symrise AG, GNT Group, Lanxess AG, Clariant International, Penn Color, Polyone,
Jagson Colorchem Limited, Sensient Technologies Corporation, Sethness Products
Company, Chr. Hansen Holding. The coloarnts producers are involved in
sustaining healthy supply and distribution chain across the globe to increase
its market presence.
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