Rising consumer demand for dyestuff promotes the Global Colorant Market
Market overview:
The global Colorant Market is estimated to reach a valuation of 37.49 billion by 2026, developing at a CAGR of 4.2% during the conjecture period.

In general, the colorants are dyes or pigments used to offer the essential appearance to products such as clothes, beverages and also used in many industrial applications such as color ceramics, photographs, plastics, prints, paints.

Market Drivers and Restrains:
The global Colorant market is growing at an impeccable revenue rate due to the increasing population in recent years, rising disposable income, growing consumer spending on fashionable garments and packaged food products drives the growth of global Colorant business. Rise in ready to eat food products and high adoption of food colorant in epicure dishes are some of the driving factors that propels the growth of the market of colorants in terms of revenue rate.

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Report is segmented as:
The global Colorant market is segmented by plastics, textile, food and beverages, personal care, printing, paints & coatings. By plastics, the Colorant market is segmented into benzimidazalone, pyrazolone, quinacridone, chromium, cadmium. By textile, the market of Colorant is segmented into disperse, acid, direct, basic, reactive, sulphur, vat, organic pigments, ioorganic pigments. By food & beverages, the market of Colorant is segmented into annatto, anthraquinone, anthocyanins, caramels, caretonoid, curcumin, lutein, allura red, tartrazine, titanium dioxide. By personal care, the market is divided into henna, iron oxide, chromium, titanium dioxide, zinc oxide and others. By printing, the market is separated into Azo, benzimidazalone, iron, titanium dioxide. By paints & coatings, the market is divided into benzimidazalone, iron oxide, chromium, zinc oxide.

Geographical Segmentation:
The Asia Pacific region is expected to experience high demand due to increase of demand for colorants in numerous end use industries such as packaging, textiles, agriculture, building & construction, food and beverages, especially in China and India. The Asia Pacific is also expected to hold the dominance of the market over the outlook period. North America holds the second largest share of the market due to the increase in growth due to numerous applications such as textiles, packaging, pharmaceutical, personal care, etc.

Impact of COVID-19 on Colorant Market
Most of the companies are facing financial crisis due to the coronavirus pandemic. Companies are forced to halt their manufacturing units due to the strict lockdown situations imposed by the government authorities. Some companies have terminated their employees since they are not in a position to pay salaries because of this financial crisis. As per the analysis from the industry experts, the market is going to boost up in the next few months since the companies have recently restarted their productions after lockdown.

Key market players:
Major players of Colorant market include Huntsman, Pidilite, Chr. Sensient Technologies, Jagson Colorchem, PolyOne, Penn Color, Clariant, Hansen Holding A/S, BASF and Lanxess

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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