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NorthAmerica colorantsmarket is segmented into three notable segments which are color, productand end-user.
On the basisof color, the market is segmented into natural and synthetic color. Naturalcolorant is further sub-segmented into green, red, yellow, brown, violet,purple, blue, white, black and others. Synthetic colors are again sub-segmentedinto green, red, yellow, brown, violet, purple, blue, white, black and others.
In June2018, Hoover Color Corporation, a U.S. based pigment manufacturer was acquiredby CATHAY INDUSTRIES to cater a larger pigment customer base in the country.
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On the basisof product, the market is segmented into pigments, dyes, color concentrates andmasterbatches. Pigments are sub-segmented into organic and inorganic. Organicis further sub sub-segmented into azo, polycyclic, anthraquinone, dioxazine,triarylcarbonium and quinophthalone. Inorganic is further sub-subbed segmentedinto colored and white. Colored again is classified into CICP, metal oxides,metal salts and others. White is segmented into opaque and non-opaque. Dyes arefurther sub-segmented based on by type, by nature, by lake and by chemistry.Based on by type, it is further sub segmented into natural, by source andsynthetic. Natural, by source is again sub segmented into plants, animals andminerals. Dyes, by nature is further sub segmented into acidic and basic. Dyes,by lake, are further segmented into basic, fat soluble and metal complex. Dyes,by chemistry is segmented into direct dyes, mordant dyes, disperse dyes,reactive dyes, acid dyes, direct dyes, VAT dyes, azoic dyes, Sulphur dyes andothers. Color concentrates are segmented again to solid and liquid.Masterbatches are sub segmented into white, black and color.
In July,Cathay Industries located in Indiana, U.S. known for high-purity iron oxidesbusiness was acquired by Sun Chemical and the parent company, DIC Corporationthat will lead to greater efficiencies which help them for making an edge atglobal cosmetics market.
On the basisof end-user, the market is segmented into packaging, paper & printing,textiles, building & construction, automotive, consumer goods and others.Packaging is further sub segmented into food & Beverage, healthcare andconsumer goods. Textiles are further sub segmented into fabric coloring,printed fabrics and leather. Building & construction is further sub segmentedinto paints & coatings, plastics and others. Automotive is further subsegmented into paints and coatings, plastics and textiles.
In June,Hoover Color Corporation, a U.S. based pigment manufacturer was acquired byCATHAY INDUSTRIES to cater a larger pigment customer base in the country.
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Some of themajor players operating in this market are BASF SE, Colorchem InternationalCorp, Cathay Industries, DIC Corporation, Clariant, and others.
In January2017 Changzhou Longyu Pigment Chemical CO., LTD. Expanded the South Americasale network by entering in Argentina by opening a sales office. Argentina withan increasing economy in the year was one of the best places to invest.
PrimaryRespondents: key industry participants, subject-matter experts (SMEs), C-levelexecutives of key market players, Market Intelligence Managers, National SalesManagers and industry consultants.
ColorantsMarket, By Color (Natural Color, Synthetic Color), Product (Pigments, Dyes,Color concentrates, Masterbatches), End-User (Packaging, Paper & Printing,Textiles, Building & Construction, Automotive, Consumer Goods, Others),Country (U.S., Canada, and Mexico) Industry Trends and Forecast to 2026
Colorant isa substance that is used in order to change the material’s surface. They areused for painting, coloring of different materials such as painting, printingand for the coloration of different materials such as plastics and food. Mostof the colorants have classifications such as dyes and pigments. Dyes aresoluble colored organic compounds used for textiles in water whereas pigmentsare insoluble compounds that hold application in paints, printing inks andplastics.
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Colorantsare very important ingredients in food such as confectionary, desserts, snacksand beverages. Colorants can be organic or inorganic, metal or mineral basedtoo. It is also used in automotive part coloration and packaging. Most of thetime, liquid colorants are compatible with many plastics and are costefficient.
Growingpromotional events and investment towards the colorants industries by variousgovernmental bodies, to promote the manufacturers and suppliers in thedevelopments is leading to the growth of the market in the forecast period.
NorthAmerica colorants market is projected to register a healthy CAGR of 3.4% inthe forecast period of 2019 to 2026.
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