The global colorants industry has been forecast to increase at a compound annual growth rate (CAGR) of 3.6% over the next five years to reach 11 million metric tons by 2018.
The major driving factors of this market are growth in end user industries, rising demand for high performance pigments (HPP), and rising preference towards environment-friendly products.
The colorants market can be divided in to pigments and dyes. The pigments sector captures the largest share of the colorants industry, with the segment projected to increase at a CAGR of 4% from 2013 to 2018.
In the pigments market place, TiO2 holds the maximum share. Developments in TiO2 market will be favoured by sturdy demand from emerging economies such as BRIC (Brazil, Russia, India, and China).
According to a recent report, 'Colorants Market: Global Trends & Forecast to 2018,' Asia-Pacific represents the largest region within the global colorants market.
High demand in the area is predominantly due to the large middle class population in building countries such as China and India.
Although the future looks bright for the colorants industry, there remain a number of factors restraining growth including raw material price volatility, its global over capacity, and environmental concerns.
Key players currently dominating the global colorants market include Kiri Industries Ltd (India), Clariant International Ltd (Switzerland), BASF (Germany), Cabot Corp (U.S.), E.I. Du Pont De Nemours & Co. (U.S.), ECKART GmbH (Germany), Huntsman Corporation (U.S.), Kronos Worldwide Inc. (U.S.), LANXESS AG (Germany), CRISTAL (Saudi Arabia), and Rockwood Holdings Inc. (U.S.).
For more information on the global colorants industry, see the latest research: Global Colorants Industry
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