Colorants Market Analysis By Global Industry Size, Share, Trends, Opportunity and Forecast 2025
Global colorants market is forecast to witness a CAGR of around 9% during 2020 – 2025. The market is driven by rising inclination of consumers towards innovative and appealing shades of packaged products and items. Moreover, increasing need for dyestuff in numerous end-use segments such as plastics industry, food industry, among others, is positively impacting the market growth. Also, growing awareness pertaining to advantages of natural colorants in terms of providing health benefits coupled with favorable government policies is further expected to augment market growth over the next few years. The global colorants market is segmented based on type, end user industry, company, and region. Based on type, the market can be categorized into dyes, pigments, masterbatches and color concentrates. Out of which, the dyes segment dominated the market in 2019 and is expected to maintain its leading position in the market during the forecast period as well. This can be ascribed to the hig...