Chemicals and Materials Global Colorants Market (2016-2024) | Page 7

Moreover, increasing number of manufacturing units in the region is
expected to boost the demand for colorants. Countries such as China
and India are expected to significantly contribute to the growth of
Global Colorants Market.
North America colorant market is anticipated to grow at a significant
pace and create significant demand for colorants during the forecast
period. Construction activities such as architectural coatings are
expected to create substantial demand for colorants during the
forecast period. Further, pigment and dye segment is projected to
grow at robust CAGR over the forecast period. Apart from this, the
demand for colorants is increasing in Europe region owing to the
rising preference for natural colorants.
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Based on application, the global colorants market is segment into
food & beverage, personal care, printing, paints & coatings and other.
In these segments, food & beverage segment was held for the largest
market share of global colorants market. Rising consumption of
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