Chemicals and Materials Global Colorants Market (2016-2024) | 页面 10

anticipated to foster the growth of colorants market globally.
Moreover, rising utilization of pigments in automotive and
construction sector is expected to augment the growth of global
colorant market.
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Apart from this, development of new shades and flavors is expanding
the market of colorants globally. Moreover, wider acceptance of
various shades in personal care and plastic industry is expected to fuel
the growth of global colorants market during the forecast period.
Further, growing preference of the consumer for the attractive
packaging of the product is expected to drive the growth of colorants
market.
However, volatility in the raw material price is expected to limit the
growth of the global colorants market. Further, stringent government
regulations limiting the use of synthetic colorants in food & beverage
is limiting the growth of the colorants market globally.
Key Players
• BASF SE
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