Global ink colorant market is projected to grow considerably in the forecast period owing to increasing developments and growth in end use industries. Ink colorants are the liquid or the color pastes that are used in several applications like prints, photographs, plastics, paints, clothes, etc. for aesthetic or artistic purposes. They are recognized as dyes or pigments that are applied to different textiles by normally mixing with water.
Rise in demand for highly efficient pigments, developing end use industries, technological advancements, rise in demand for digital inks, and potential growth of paints and coating industry are expected to drive the ink colorant market. Moreover, rising popularity of digital equipment is also projected to fuel this market. However, unstable prices of raw materials and environmental issues are acting as restraints in the market.
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One of the major trends witnessed in the market is shift of manufacturing facilities to emerging economies. Nevertheless, introduction of eco-friendly ink colorants as imposed by government is an opportunity to the market players.
Market is categorized on the basis of type, product, application, and geography. On the basis of type, market is divided into organic pigments, inorganic pigments, and dyes. Dye segment is expected to hold maximum share of the market due to increasing use in textiles and paper industry.
Based on product, the market is divided into natural colorants and synthetic colorants. Synthetic colorants segment is expected to lead the ink colorant market owing to its various properties like viscosity, solubility, and absorption.
In terms of application, market is split into industrial, plastic, automotive, detergent coloration, textile, aluminum finishing, architectural paints and coatings, food and beverage, decorative paints & coatings, electronic displays, and cosmetics. Food and beverage, automotive, and textile segment are expected to hold larger share of the market due to increasing application on the global scale.
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Geographically, market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia pacific is predicted to dominate the ink colorant industry owing to increasing demand from textile, automotive and packaging industry. Europe is also expected to lead the market due to rising consumption of colorants in various industries. Latin America also registers significant growth due to applications in construction and cosmetics industries.
The major players profiled in ink colorant market report comprise Cathay Pigments, Rockwood Holdings Inc., Ishihara Corporation, Kemira Oyj, Hunstam International LLC., Haining and Tongyuan Chemical Factory, OCI Company Ltd., Silberline Manufacturing Co. Inc., Sun Chemical Corp., Toyo Ink SC Holdings Co Ltd., Shepherd Color Company.
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