According to a new report from Markets
and Markets, the global colorants market
is projected to grow at a CAGR of 3. 6
percent from 2013 to 2018 and reach 11
million metric tons by 2018. Asia-Pacific,
with its thriving economies and rapidly
expanding manufacturing bases, is expected to experience highest consumption during the next five years.
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.
Colorants have a large number of applications ranging from paints and coatings,
textile, construction, printing inks, and
plastics. The paints and coatings industry is recording significant growth due to
growing infrastructure. According to the
industry estimates, the global demand for
paints & coating is anticipated to grow
at a CAGR of 5. 4 percent during the next
five years. Printing ink is another application of the colorants market. The demand
for printing ink is driven by various factors such as technological developments
and increasing demand for digital inks.
The factors restraining the growth of
this market are raw material price volatility, its global over capacity, and environmental concerns. Some of the trends
witnessed in this market are shifting of
the manufacturing facilities from U.S.
and Europe to India, China, and Taiwan
and the rising preference towards eco-friendly products.
In the colorants market, Asia-Pacific
accounts for the largest share. This region
is one of the key markets for dyes and
pigments production. In the Asia-Pacific,
India and China are the important countries contributing towards the growth of
this market.
The market has also been segment-
ed on the basis of product types - dyes
(reactive dye, disperse dye, sulfur dye,
VAT dye, acid dye, direct dye, basic
dye, and others), organic pigments (azo,
This report studies and forecasts the
colorants market till 2018. The market is
further segmented and estimated for sig-
nificant regions such as North America,
Europe, Asia-Pacific, and Rest of the
World that include key growth regions
such as China and India. Market esti-
mations have been provided in terms of
consumption volume (tons) and market
revenue ($Million). The global as well as
regional markets have been segmented
for each product type by applications.
They have used various secondary sources such as Company’s Annual
Reports, Organizational Websites, and
Databases to identify and collect information useful for this extensive commercial study of colorants. The primary
sources - selected experts from related
industries and selected suppliers - have
been interviewed to obtain and verify
critical information as well as to assess
the future prospects of colorants.
They have also profiled leading players of this industry with their recent developments and other strategic industry
activities. Key participants in the global
colorants market include Kiri Industries
Ltd (India), Clariant International Ltd
(Switzerland), BASF (Germany), Cabot
Corp. (U. S.), CPS Color AG (Switzerland),
DIC Corp. (Japan), E.I. Du Pont De
Nemours & Co. (U.S.), ECKART GmbH
(Germany), Flint Group (Luxembourg),
Heubach GmbH (Germany), Huntsman
Corporation (U.S.), Kronos Worldwide
Inc. (U.S.), Lanxess AG (Germany), Cristal
(Saudi Arabia), Rockwood Holdings
Inc. (U.S.), Zhejiang Longsheng Group
Co. Ltd (China), Sudarshan Chemicals
(India), Tronox Ltd (U.S.)., The Shepherd
Color Company (U.S.).
TMR Analyzes Succinic Acid
Market
According to new report from
Transparency Market Research (TMR),
high production costs associated with petroleum-based succinic acid is a key challenge for industry participants leading to
enhanced focus on the development and
commercialization of bio-based succinic
acid. However, with the advent of bio-de-rived succinic acid, the cost of production
is expected to decline,which is expected
to further fuel the demand for succinic
acid globally. Bio-based succinic acid is
gaining popularity due to high degree of
government intervention to reduce industrial waste and air pollutants.
This report caters to the extensive
study of the global succinic acid market.
It covers the demand for succinic acid
in various regions that are broadly categorized as North America, Europe, Asia
Pacific and Rest of the World (RoW).
The study delineates major factors driving and restraining the global demand for
succinic acid and their impact over the
forecast period. The study segmented the
succinic acid market on the application
level and also provides the forecast for
each sub segment. The study covers forecast and estimates of global succinic acid
demand in terms of revenues and volumes
from 2012 to 2018.
Major succinic acid applications elucidated in this study includes 1, 4 butane-diol, polyurethane, plasticizers, resins,
coatings, dyes & inks, pharmaceutical,
food, cosmetics, solvents and lubricants,
se-icing solutions, and others. Resins,
coatings, dyes & inks have been dominating the global succinic acid market and
are anticipated to continue to override
over the next five years. 1, 4 BDO is anticipated to grow at a fastest rate through
2018. Polyurethane is expected to be second fastest growing outlet for succinic
acid. The report also provides in-depth
study covering the key business strategies
and recent development of major players
Global Colorants Market is Projected to Grow