Sun Chemical Corporation (U.S.), Cabot Corporation (U.S.), PolyOne Corporation (U.S.), Flint Group (Europe), Huntsman Corporation (U.S.), , LANXESS AG (Germany), Clariant AG (Switzerland), E. I. du Pont de Nemours & Company (U.S.) and BASF SE (Germany), some of the main market players who are in competition in the Colorants Market and are profiled in MRFR Analysis.
Colorants Market – Overview
The Global Colorants Market is expected to grow at healthy CAGR, some of the factors that fuels the growth of colorants market are growing demand of paints in building and construction sector and increasing use of it in aerospace coating. In addition to this, growth in automotive sales and production across the world is set to propel Colorants Market growth over the forecast period. Moreover, the major steps taken up by environmental bodies and government towards reducing water pollution is set to uplift low VOC Colorants demand over the next seven years.
The Colorants manufacturers in the world comprise mostly of the prominent manufacturers along with some small manufacturers. Key operating manufacturers of Colorants generally make the monthly contracts for the procurement of its raw materials as any sharp rise in raw material price could impact margins adversely. Manufactures from China contribute highly to the Asia Pacific production.
End-User Application Industry
End users application of the Colorants Market includes automotive, consumer products, and aerospace among other segments. However, due to growing demand of it in automotive and transportation segment, it is the major consumer of Colorants. In addition to this, residential coating and architectural products segment accounted for the second largest application segment which is expected to grow at high annual growth rate due to growing demand of Colorants in architectural construction.
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Threat of New Entrants
Considering the past and present Global Colorants Market scenario, the target market is estimated to have medium threat of new entrants, owing to the strict environment regulation and high capital intensive nature of the industry. However, over the forecast period, the demand for Colorants is expected to grow in consumer products, and aerospace segments due to wide variety of its end uses. Thus, in future it is anticipated that new entrants might enter into the Colorants Market owing to the foreseen demand from the latter.
Industry/ Innovation/ Related News:
April 2016- A Schulman has inogarated color master batch facility hangshu High Tech Industrial Park CEDZ in China. The site produces color additives for packaging, automotive, agricultural, sports, and leisure & home customers. With this expansion, A Schulman is expected to serve the demand of colorants in China and other Asia pacific regions.
July 2016- Snetor Chimie which is headquarters in Courbevoie(France ) done the agreement with A Schulman Inc., this partnership will allow the expansion of its master batch footprint on the African continent.
October 2016- The company launches New Co-Polyester Line Made with Eastman Tritan- Eastman Tritan headquarters situated in Tennessee (U.S). The product launch has various s advantages of traditional copolyster such as clarity and chemical resistance, with higher heat resistance, improved design flexibility and ease of processing.
October 2016- The company announced about expanding its distribution agreement with API s.p.a- API s.p.a headquarters situated in Liguria (Italy) API is one of the leading compounders of theroplastic Elastomers (TPE) and biopolymers in Europe. This collaboration will result in distribution of TPE, TPU and Biopolymers in the UK and Ireland.
April 2015 – A Schulman expands its PET Master batch compounding capacity in Europe, this expansion will lead to leading market position as master batch provider in European food packaging and BoPET film markets. Furthermore, this will generate PET yearly production capacity
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