Global Colorants Market - Analysis By Product Type (Dyes, Pigments), Source (Natural, Synthetic), End-User Industry, By Region, By Country (2019 Edition): Opportunities and Forecast (2019-2024)

Date: 1 January 2020

According to a research report published by Azoth Analytics in December 2019, the Global Colorants Market was valued at USD 46600 million in the year 2018. The increasing demand for colorants in the packaging end-use industry due to the growing importance of aesthetics in packaging products and increasing use of colorants in the plastics and paints & coatings applications is driving the colorants market. Rising consumption of colorants in the various end-use industries including chemical, coatings, paints, Construction, plastic, and others is the key driving factor for colorant market.

According to the Azoth Analytics research report titled “Global Colorants Market - Analysis By Product Type (Dyes, Pigments), Source (Natural, Synthetic), End-User Industry, By Region, By Country (2019 Edition): Opportunities and Forecast (2019-2024)”, global colorants market will be majorly driven by increase in the use of plastics in the automotive, packaging, and constructions industries in the emerging economies such as China, India and Brazil. Plastic in the automotive industry is used in interior as well as exterior parts to reduce the overall weight of the vehicle, which in turn, increases the fuel efficiency of the vehicle. Colorants are extensively used to give an attractive appearance to the plastic parts. 

The modern colorants find its usage in diverse applications ranging from traditional polymer and textile coloration for aesthetic purposes to complex nano-scale switching and absorbing systems for data storage.
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