global colorants market is forecast to witness a cagr of around 9% during 2020 – 2025

GLOBAL COLORANTS MARKET

FORECAST & OPPORTUNITIES

2015 – 2025

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

2

Scope of ReportProduct of Interest (POI): Colorants

Review Period

2015 – 2018

Base Year

2019

Estimated Year

2020

Forecast Period

2021 – 2025

Year RangeGlobal Colorants Market

TYPE

• Dyes

• Pigments

• Masterbatches

• Color Concentrates

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 appealingshades of packaged products and items. Moreover, increasing need for dyestuff in numerousend-use segments such as plastics industry, food industry, among others, is positivelyimpacting the market growth. Also, growing awareness pertaining to advantages of naturalColorants in terms of providing health benefits coupled with favorable government policies isfurther expected to augment market growth over the next few years.

Market Segmentation

END USER INDUSTRY

• Natural

• Synthetic

COLOR

• Packaging

• Building & Construction

• Automotive

• Textiles

• Paper & Printing

• Others

3

Table of Contents

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Colorants Market

4. Executive Summary

5. Voice of Customer

6. Global Colorants Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2. Market Share & Forecast

6.2.1. By Type (Dyes, Pigments, Masterbatches and Color Concentrates)

6.2.2. By Color (Natural & Synthetic)

6.2.3.By End User Industry (Packaging, Building & Construction, Automotive, Textiles, Paper & Printing and Others)

6.2.4. By Company

6.2.5. By Region

6.3. Market Attractiveness Index

7. Global Colorants Market Segmental Analysis

7.1. Global Dyes Market Outlook

7.1.1. Market Size & Forecast

7.1.1.1. By Value

7.1.1.2. By Volume

4

Table of Contents


7.1.2. Market Share & Forecast

7.1.2.1. By Origin (Natural Dyes and Synthetic Dyes)

7.1.2.2. By Nature (Acid Dyes and Basic Dyes)

7.1.2.3.By Chemistry (Direct Dyes, Mordant Dyes, Disperse Dyes, Reactive Dyes, Vat Dyes, Azoic Dyes, Sulphur Dyes and Others)

7.1.2.4. By Region (APAC, North America, Europe, MEA and South America)

7.1.2.5. By Company (At least top 7 companies market shares)

7.2 Global Pigments Market Outlook


7.2.1.1 By Value

7.2.1.2. By Volume


7.2.2.1 By Type (Organic Pigments and Inorganic Pigments)



7.3 Global Masterbatches Market Outlook


7.3.1.1 By Value

7.3.1.2. By Volume


7.3.2.1 By Type (White, Black and Color)



5

Table of Contents


7.4 Global Color Concentrates Market Outlook


7.4.1.1 By Value

7.4.1.2. By Volume


7.4.2.1 By Type (Solid Color Concentrates and Liquid Color Concentrates)



8. Asia-Pacific Colorants Market Outlook

8.1 Market Size & Forecast

8.1.1. By Value

8.1.2 By Volume


8.2.1. By Type

8.2.2. By End User Industry

8.2.3. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Colorants Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.1.2. By Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By End User Industry

6

Table of Contents


8.3.2. India Colorants Market Outlook


8.3.2.1.1. By Value



8.3.2.2.1. By Type


8.3.3. Australia Colorants Market Outlook


8.3.3.1.1. By Value



8.3.3.2.1. By Type


8.3.4. Japan Colorants Market Outlook


8.3.4.1.1. By Value



8.3.4.2.1. By Type


8.3.5. South Korea Colorants Market Outlook


8.3.5.1.1. By Value



7

Table of Contents



8.3.5.2.1. By Type


9. Europe Colorants Market Outlook


9.1.1. By Value & Volume


9.1.1 By Type


9.2.3. By Country

9.3. Europe: Country Analysis

9.3.1. France Colorants Market Outlook


9.3.1.1.1. By Value



9.3.1.2.1. By Type


9.3.2. Germany Colorants Market Outlook


9.3.2.1.1. By Value


8

Table of Contents



9.3.2.2.1. By Type


9.3.3. United Kingdom Colorants Market Outlook


9.3.3.1.1. By Value



9.3.3.2.1. By Type


9.3.4. Italy Colorants Market Outlook


9.3.4.1.1. By Value



9.3.4.2.1. By Type


9.3.5. Spain Colorants Market Outlook


9.3.5.1.1. By Value



9.3.5.2.1. By Type


9

Table of Contents


10. North America Colorants Market Outlook


10.1.1. By Value

10.1.2. By Volume


10.2.1. By Type


10.2.3. By Country

10.3. North America: Country Analysis

10.3.1. United States Colorants Market Outlook


10.3.1.1.1. By Value

10.3.1.1.2. By Volume


10.3.1.2.1. By Type


10.3.2. Mexico Colorants Market Outlook


10.3.2.1.1. By Value

10.3.2.1.1. By Volume


10.3.2.2.1. By Type


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Table of Contents


10.3.3. Canada Colorants Market Outlook


10.3.3.1.1. By Value

10.3.3.1.2. By Volume


10.3.3.2.1. By Type


11. South America Colorants Market Outlook


11.1.1. By Value

11.1.2. By Volume


11.2.1. By Type


11.2.3. By Country

11.3. South America : Country Analysis

11.3.1. Brazil Colorants Market Outlook


11.3.1.1.1 By Value

11.3.1.1.2. By Volume


11.3.1.2.1. By Type


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Table of Contents


11.3.2. Argentina Colorants Market Outlook


11.3.2.1.1 By Value

11.3.2.1.2. By Volume


11.3.2.2.1. By Type


11.3.3. Colombia Colorants Market Outlook


11.3.3.1.1. By Value

11.3.3.1.2. By Volume


11.3.3.2.1. By Type


12. Middle East and Africa Colorants Market Outlook


12.1.1. By Value

12.1.2. By Volume


12.2.1. By Type


12.2.3. By Country

12.3. MEA: Country Analysis

12.3.1. South Africa Colorants Market Outlook

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Table of Contents



12.3.1.1.1. By Value

12.3.1.1.1. By Volume


12.3.1.2.1. By Type


12.3.2. Saudi Arabia Colorants Market Outlook


12.3.2.1.1. By Value

12.3.2.1.2. By Volume


12.3.2.2.1. By Type


12.3.3. UAE Colorants Market Outlook


12.3.3.1.1. By Value

12.3.3.1.2. By Volume


12.3.3.2.1. By Type


13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Competitive Landscape

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Table of Contents


15.1. Clariant AG

15.2. BASF SE

15.3. DIC Corporation.

15.4. Huntsman Corporation

15.5. E. I. du Pont de Nemours & Company

15.6. Cabot Corporation

15.7. LANXESS AG

15.6. PolyOne Corporation

15.7. Sun Chemical Corporation

15.8. A. Schulman, Inc.

15.9. Ampacet Corporation

15.10. The DOW Chemical Company

15.11. Atul Ltd.

15.12. Chromatech Incorporated

15.13. Ferro Corporation

16. Strategic Recommendations

17. About Us & Disclaimer

RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global colorants

market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary

and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global colorants market.

Data

Collection

Data Filter

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Final Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

16


Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global colorants market. The team has analyzed the outlook

of various segments of this market, while considering the major influencing factors such as rising inclination of consumers towards innovative and

appealing shades of packaged products, and speculated a positive growth over the next 5 years. The study includes market forecasting, which would

enable our clients to take better decisions while planning their strategy to achieve sustainability in the global colorants market.

Methodology Followed for Calculation of Market Size:

• Market Size By Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive

secondary research and primary surveys, with various key opinion leaders/stakeholders, such as colorants manufacturer & supplier companies,

channel partners, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 colorant manufacturer & supplier companies, 45 – 50 channel partners, 60 – 100 end users, and 15 – 20

Industry experts and other value chain stakeholders in the global colorants market to obtain the overall market size for 2014-2019, which was

validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data

during 2014-2019.

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• Respondents were asked about the current and future market growth rates, market shares by type, by color, by end user industry, by each region.

Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments

were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other

stakeholders.

Methodology Followed for Calculation of Market Shares:

Market shares by type, by color, by end user industry, by region and by company were calculated based on the responses received through primary

surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of global

colorants market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating

the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Global Colorants

Market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

18


TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that

the figures compiled are only for the organized market including market share data.

Partial List of Companies Interviewed Key Secondary Sources

▪ Clariant AG

▪ DIC Corporation

▪ BASF SE

▪ Huntsman Corporation

▪ E. I. du Pont de Nemours & Company

▪ Cabot Corporation

▪ LANXESS AG

▪ PolyOne Corporation

▪ Sun Chemical Corporation

▪ A. Schulman, Inc.

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

19

Industry Brief

According to TechSci Research report, “Global Colorants Market By Type, By Color, By End User Industry, By Region, Competition, Forecast & Opportunities, 2025”, the global

colorants market is projected to grow at a CAGR of 9% until 2025 on account of surging demand for dyes and pigments from the textile, paints & coatings and flexible packaging

industries. Over the next five years, anticipated growth in the global textile industry, increasing construction activities and rising number of infrastructure projects across the globe

are expected to continue driving demand for paints & coatings, globally. However, due to COVID-19 outbreak in FY2020, the market has witnessed significant disruption in the

supply of the raw materials and decline in demand, which has hugely affected the global colorants market. Nevertheless, it is anticipated that the market will get back to its pre-

pandemic growth trend by end of 2020.

In terms of end user industry, the market is fragmented into packaging, building & construction, automotive, textiles, paper & printing and others. Out of these, the paper &

printing segment accounted for the largest market share in 2019, followed by paints & coatings, textiles, packaging and plastics segments. Colorants are broadly classified into

various categories which include dyes, pigments, masterbatches and color concentrates, which are further divided into sub-categories based on their unique properties. 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.

Increasing demand for masterbatch from various industries such as fast-moving packaging industry and automotive industry would spur the global Colorants demand. Major

players operating in the global colorants market include Clariant AG, BASF SE, DIC Corporation, Huntsman Corporation, E. I. du Pont de Nemours & Company, Cabot

Corporation, LANXESS AG, PolyOne Corporation, Sun Chemical Corporation, LyondellBasell, Inc., Ampacet Corporation, The DOW Chemical Company, Atul Ltd., Chromatech

Incorporated, and Ferro Corporation, among others. Major companies are adopting organic as well as inorganic strategies in order to stay competitive in the market such as new

environment friendly product launches, mergers & acquisitions, agreements and collaborations.

“Companies engaged in the production of colorants are continuously focusing on switching to environment friendly products. As a result of the ban imposed on some specific

colorants for apparel & textiles usage, companies are moving forward with the production of non-carcinogenic azo dyes in order to meet surging demand from the global textile

industry. With growing demand from the textile and plastic processing industry, the production and consumption of colorants is expected to witness growth at a healthy pace from

2021 onwards until 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

20

Sample Data - Snapshot

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

7.00 7.77 8.64 9.59 10.65 11.8313.14

14.6016.21

18.0120.00

2015 2019 2020E 2025F

By Value (USD Million)

By Volume(Thousand Tons)

Global Colorants Market Size, By Value (USD Million) & Volume ( Thousand Tons) 2015–2025F

CAGR By Value & By Volume

XX%CAGR By Value & By Volume

YY%

Europe Colorants Market Share, By Type, By Value, 2015–2025F

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

Dyes Pigments Masterbatches Color Concentrates

Germany Colorants Market Share, By Color, By Value, 2015–2025F

50%50%50%50%50%50%50%50%50%50%50%

50%50%50%50%50%50%50%50%50%50%50%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

Natural Synthetic

21

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FORECAST & OPPORTUNITIES2015 – 2025

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TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas

to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting

models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and

global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the

market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or

complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results

obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together

with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal

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