The Asia-Pacific colorant market size was valued at USD 16.51 billion in 2023 and is anticipated to reach USD 17.58 billion in 2024 from USD 29.10 billion by 2032, growing at a CAGR of 6.50% from 2024 to 2032.
Dyes and pigments are the most widely recognized colorants added to sustenance things, garments, paper, and refreshments, in fluid, fluid gel, gel glue, and powder frame. Colorants can be common or manufactured. Common colorants are accessible from plants, creatures, and minerals. Increasing demand from the end-utilized industry, for example, plastic, paints and coatings, cars, and bundling, drives the market. Be that as it may, prohibition on the exchange of counterfeit colorants hampers the market development. Oversupply of colorants, prompting its diminished costs likewise restrictions the market. Innovative headway is viewed as a noteworthy development that opens the door for colorant makers.
The Dyess section drives the colorants market. The development of this portion of the market can be ascribed to the expanding utilization of colorants in the paints and coatings application in the car and building and development businesses. The market for masterbatches is anticipated to develop at the most astounding CAGR amid the figure time frame because of the developing plastics industry.
The bundling end-utilize industry is driving the colorants market and is anticipated to develop at the most astounding CAGR amid the conjecture time frame. The development of the bundling end-utilize industry in the colorants market is because of the expanded interest in colorants for shading plastics utilized for lightweight bundling. Besides, expanding utilization of colorants to shading bundling materials, for example, plastics, paper, metal, texture, et cetera has likewise moved development in this industry.
On the basis of geography, the Asia-Pacific market is segmented into countries namely, China, India, Japan and South Korea. This regional market is expected to have one of the highest growth rates for the colorants market globally.
The leading manufacturers working in the Asia-pacific Colorant market include, DIC corporation, Dystar, BASF SE, Polyone corporation, E. I. du pont de nemours and company, Huntsman corporation, Cabot corporation, Clariant AG, Sun chemical corporation, Lanxess.
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