Global Colorants Market by Types, Applications, Sources, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Colorants Market is valued to reach USD 36.2 Billion by 2025, growing at CAGR of 5.2% over forecast period 2020–2026. Rising demand for high performance colorant pigments across numerous industrial applications, increasing consumer spending on fashionable garments and rising usage of edible color to enhance texture and appearance of food products are key factors driving the market.

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Colorant is a substance that is used in order to change the material’s surface. They are used for painting, colouring of different materials such as painting, printing and for the coloration of different materials such as plastics and food. Most of the colorants have classifications such as dyes and pigments. Dyes are soluble coloured organic compounds used for textiles in water whereas pigments are insoluble compounds that hold application in paints, printing inks and plastics.

Colorants are very important ingredients in food such as confectionary, desserts, snacks and beverages. Colorants can be organic or inorganic, metal or mineral based too. It is also used in automotive part coloration and packaging. Most of the time, liquid colorants are compatible with many plastics and are cost efficient.

The demand for natural colors is increasing due to their production from renewable sources without imposing harm to the environment and also they are derived from plants, animals, fruits and other natural resources.

Market Dynamics:

Boom in industries such as automotive and packaging across the globe is fueling the demand for colorants and driving market growth.
Factors such as increasing population and rising disposable income are boosting the demand for textiles, automobiles, packaged, and others products. High demand for these commodities is driving the need for colorants as an essential raw material in manufacturing processes.
Availability of colorants in the different forms is making their use easier for end-users and accelerating their usage in a variety of applications.