Significant advantages associated with colorants and developments in the construction industry drive the growth of the global colorants industry. Based on end-use industry, the packaging segment held the major share in 2020. By region, the market across Asia-Pacific would cite the fastest CAGR throughout the forecast period.

Portland, OR, May 18, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global colorants market was estimated at $31.2 billion in 2020 and is expected to hit $86.9 billion by 2030, registering a CAGR of 5.8% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

Significant advantages associated with colorants and developments in the construction industry drive the growth of the global colorants industry. On the other hand, certain disadvantages of dyes restrain the growth to some extent. However, a lot of new uses of dyes promoted by government bodies in the Asia-Pacific region are expected to create lucrative opportunities in the industry.

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Covid-19 Scenario-

• There was a steep decline in demand for colorants from industries such as textile, building & construction, automotive, and others, thus impacting the global colorants market negatively, especially during the initial period.
• The disrupted supply chain aggravated the market condition yet more.
• However, the market has started recovering and is projected to get back on track soon.

The global colorants market is analyzed across type, end-use industry, and region. Based on type, the pigments segment accounted for more than half of the total market share in 2020, and is expected to rule the roost by 2030. The same segment would also garner the fastest CAGR of 6.4% throughout the forecast period. The report also analyzes the dyes segment.

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Based on end-use industry, the packaging segment contributed to more than one-third of the total market revenue each in 2020, and is projected to lead the trail by 2030. The same segment would also exhibit the fastest CAGR of 5.9% during the forecast period. The report also discusses segments including building & construction, automotive, textiles, paper & printing, and others.

Based on region, the market across Asia-Pacific held the major share in 2020, garnering more than half of the global market. The Asia-Pacific region, simultaneously, would manifest the fastest CAGR of 6.0% throughout the forecast period. The report also analyzes the regions including North America, Europe, and LAMEA.

The key market players analyzed in the global colorants market report include Huntsman Corporation, Sun Chemical Corporation, Clariant AG, BASF SE, Cabot Corporation, Lanxess, Dystar, DIC Corporation, Avent, and E. I. Du Pont De Nemours and Company.

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