Global Colorants Market Research Report Information By Market Composition, By Technology, By Type, By Applications, By End-Use Industry and By Region - Forecast to 2030
Global Colorants Market Research Report Information By Market Composition (Standard, High Purity, Ultrafine, Food, And Industrial Market Compositions), By Technology (Paints And Coatings, Water-borne, Solvent-borne, Powder, Catalysts, Others), By Type (Masterbatches, Pigments & Color Concentrates, and Pyrogenic Type), By Applications (Inks, Paints & Coatings, Plastic & Rubbers, Food Additives, Byproduct Applications, and Others), By End-Use Industry (Automotive, Packaging, Building & Construction, Pharmaceutical, Personal Care, Food And Beverage, Healthcare And Pharmaceuticals, Others) and By Region - Forecast to 2030
Market Overview:
In 2023, the colorants market was valued at USD 43,277.23 million. The Colorants Market is expected to reach USD 65,679.40 million by 2030, with a compound yearly growth rate (CAGR) of 6.28% during the forecast period (2023-2030). The global market is predicted to increase steadily throughout the forecast period, owing to the global expansion of the textile sector.
The tremendous expansion in the world's population is also fueling growth in the global colorants sector. Most developing countries are experiencing tremendous growth in their middle classes. This translates into significant swaths of the world population having high and quickly rising disposable incomes. These folks, along with the more stable middle classes in Western countries, spend a lot of money on high-end clothing and pre-packaged foods. This is another important aspect driving expansion in the global colorants sector.
The worldwide colorants market is expected to increase steadily from 2023 to 2030. Some of the key factors driving market expansion include the increasing use of colorants in the plastic industry, as well as the expanding demand for paints and coatings and the increasing use of colorants in the textile sector. Plastic's high adaptability makes it an ideal material for producing items for technologies in a variety of industries. Furthermore, its cost effectiveness is driving its demand, which is benefitting the colorant market because it is widely utilized to add color to plastic items.
Market segment insights:
The colorants market is divided into two segments: captive and merchant. Pigments and Color Concentrates, Masterbatches, and Dyes are the market's three segments.
The Colorants Market has been divided into Waterborne, Solvent-borne, Powder, and Others.
Based on technology, the market has been divided into Inks, Paints & Coatings, Plastics & Rubber, Food Water-borne, and Others.
The Colorants market has been classified into end-use industries such as textiles, packaging, personal care, pharmaceuticals, food and beverages, personal care, building and construction, automotive, and others.
Regional Insights
The global market is divided into the following regions: North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Asia-Pacific dominated the market with a 42.9% share, accounting for USD 22,348.52 million in 2023; it is predicted to grow at the fastest CAGR of 6.2% from 2024 to 2030. Europe was the second largest in 2023, accounting for 28.5% of the market and valued at USD 14,847.85 million; it is expected to grow at a 6% CAGR.
1.1.1 GLOBAL COLORANTS MARKET, BY MARKET COMPOSITION
1.1.2 GLOBAL COLORANTS MARKET, BY TYPE
1.1.3 GLOBAL COLORANTS MARKET, BY TECHNOLOGY
1.1.4 GLOBAL COLORANTS MARKET, BY APPLICATION
1.1.5 GLOBAL COLORANTS MARKET, BY END-USE INDUSTRY
1.1.6 GLOBAL COLORANTS MARKET, BY REGION
2 MARKET INTRODUCTION
2.1 DEFINITION
2.1.1 SEGMENTAL DEFINITIONS
2.1.1.1 MARKET COMPOSITION
2.1.1.1.1 CAPTIVE
2.1.1.1.2 MERCHANT
2.1.1.2 TYPE
2.1.1.2.1 PIGMENTS & COLOR CONCENTRATES
2.1.1.2.2 MASTERBATCHES
2.1.1.2.3 DYES
2.1.1.3 TECHNOLOGY
2.1.1.3.1 WATERBORNE
2.1.1.3.2 SOLVENT-BORNE
2.1.1.3.3 POWDER
2.1.1.3.4 OTHERS
2.1.1.4 APPLICATION
2.1.1.4.1 INKS, PAINTS & COATINGS
2.1.1.4.2 PLASTIC & RUBBER
2.1.1.4.3 FOOD ADDITIVES
2.1.1.4.4 OTHERS
2.1.1.5 END-USE INDUSTRY
2.1.1.5.1 TEXTILES
2.1.1.5.2 PACKAGING
2.1.1.5.3 PHARMACEUTICAL
2.1.1.5.4 PERSONAL CARE
2.1.1.5.5 BUILDING & CONSTRUCTION
2.1.1.5.6 FOODS & BEVERAGES
2.1.1.5.7 AUTOMOTIVE
2.1.1.5.8 OTHERS
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN AND BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS & LIMITATIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING USE OF COLORANTS IN THE PLASTIC INDUSTRY
4.2.2 INCREASING INNOVATIONS IN PIGMENT MANUFACTURING PROCESSES
4.2.3 INCREASING USE OF COLORANTS IN THE AUTOMOTIVE INDUSTRY CREATES A SIGNIFICANT MARKET FOR COLORANTS WORLDWIDE
4.2.4 INCREASING DEMAND FOR COLORANTS IN THE PAINTS & COATINGS INDUSTRY
4.2.5 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 EXCESSIVE SUPPLY OF COLORANTS CAN LEAD TO ITS DECREASED PRICES
4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITY
4.4.1 RAPID EXPANSION OF THE TEXTILE INDUSTRY IN THE ASIA-PACIFIC REGION IN CREATING GROWTH OPPORTUNITIES FOR THE COLORANTS MARKET
4.5 CHALLENGE
4.5.1 STRICT REGULATIONS REGARDING THE USAGE OF COLORANTS IN VARIOUS INDUSTRIES
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIAL SUPPLIERS
5.1.2 MANUFACTURERS
5.1.3 DISTRIBUTION CHANNELS
5.1.4 END-USE INDUSTRIES
5.2 PORTER'S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
5.3 PRICING OVERVIEW, BY REGION (USD/TON)
5.3.1 BY REGION
5.3.2 BY TYPE, (USD/TON)
5.3.3 PRICING DRIVERS
5.4 ANALYSIS OF RAW MATERIAL FOR COLORANT
5.4.1 OVERVIEW
5.4.2 LIST OF RAW MATERIALS ANALYSIS BY REGION
5.5 SUPPLY-DEMAND ANALYSIS
5.5.1 SUPPLY ANALYSIS (KILO TONS)
5.5.2 DEMAND ANALYSIS (KILO TONS)
5.6 IMPORT-EXPORT ANALYSIS, 2019-2022
5.6.1 HS CODE:3204
5.6.1.1 IMPORT ANALYSIS
5.6.1.2 EXPORT ANALYSIS
5.6.2 HS CODE:
5.6.2.1 IMPORT ANALYSIS
5.6.2.2 EXPORT ANALYSIS
5.6.3 HS CODE:
5.6.3.1 IMPORT ANALYSIS
5.6.3.2 EXPORT ANALYSIS
5.7 CATEGORY TRENDS
5.7.1 TRENDS
5.7.1.1 THE TREND TOWARDS CUSTOMIZATION IN VARIOUS CONSUMER PRODUCTS DRIVES THE DEMAND FOR A WIDE RANGE OF COLOR OPTIONS, STIMULATING THE GLOBAL COLORANTS MARKET
5.7.1.2 INCREASING EMPHASIS ON SUSTAINABILITY HAS ESCALATED THE DEMAND FOR ECO-FRIENDLY AND NATURAL COLORANTS
5.7.1.3 THE RISING E-COMMERCE INDUSTRY IS POSITIVELY INFLUENCING THE MARKET OF COLORANTS
5.7.2 MRFR POINT-OF-VIEW
5.7.3 PROCUREMENT IMPACT
5.8 COST STRUCTURE ANALYSIS
5.8.1 COST STRUCTURE BREAKDOWN
5.8.1.1 COST COMPONENTS & IMPACT ON OVERALL PRICING
5.8.1.2 FACTORS AFFECTING THE COST OF RAW MATERIALS
5.9 PRODUCTION ANALYSIS BY REGION, (2019-2023) (1000 METRIC TONS)
5.9.1 RECENT DEVELOPMENTS IN PRODUCTION
5.10 IMPACT OF COVID 19 ON THE GLOBAL COLORANTS MARKET