Arab & Middle East News
(ARABNEWSWIRE.COM, November 26, 2018 ) Colorant Market Overview
Dyes and pigments are the most widely recognized colorants added to sustenance things, garments, paper, and refreshments, fluid gel, gel glue, and powder frame. Common colorants are accessible from plants, creatures, and minerals. Increasing demand from end-application industries, for example, plastic, paints and coatings, car, and bundling drives the growth of 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 could open doors for the future growth of the market.
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Based on type, the colorants market has been sectioned into dyes, pigments, master batches and Colour Concentrates. The Dyes 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 development businesses. The market for master batches is anticipated to grow at the most astounding CAGR amid the figure time frame because of the developing plastics industry. Based on end-user industry, the colorants market has been categorized into packaging, textiles, paper and printing, building and construction, automotive, and others. The bundling end-utilize industry is driving the colorants market and is anticipated to also possess the highest CAGR. This is because of the expanded interest for colorants with regards to the shading plastics utilized for lightweight bundling.
Colorant Market Forecast Report (2018-2023)
Middle East and Africa Colorant market size was about USD 4.37 Billion in 2018. It is expected to raise at a CAGR of 3.5% to reach USD 5.19 Billion by 2023.
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Colorant Market Segmentation
In view of region, the Middle East and Africa colorants market has been fragmented into majorly two regions, Middle East and Africa. The market region has lots of untapped potential and will rise steadily but not to the extent of developed countries.
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The major companies dominating this market for its products and services are
• DIC corporation
• BASF SE
• Polyone corporation
• E. I. du pont de nemours and company
• Huntsman corporation
• Cabot corporation
• Clariant AG
• Sun chemical corporation
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