Colorants Market To Witness Phenomenal Growth by 2023 Colorants Market To Witness Phenomenal Growth | Page 8

Segments
Colorants Market
Colorants are used to enhance the external appearance of products such as
clothes, paper, and cosmetics. The most common colorants are dyes and pigments.
Dyes are soluble in water and cater mainly to textile industry, whereas pigments
are insoluble and serve industries such as packaging, paper, and printing. These
colorants are available in liquid, liquid gel, gel paste, and powder forms and can be
derived from natural sources or artificially produced. Natural sources include flora,
fauna, and minerals.
The global colorants market was dominated by the pigments segment owing to its
increased use in the building & construction and automotive industries. Based on
end use, the packaging industry is projected to register the highest growth rate in
coming years due to the augmented demand from plastics industry.
Upsurge in demand from plastic, paper & printing, and automotive is expected to
drive the market growth. However, the oversupply of dyestuff, leading to its
decreased prices hampers the market growth. Moreover, the recycling of plastics
restraints the market.