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.
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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 provides
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.
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