Ink Colorant Market Overview by Top Companies, Type and Region
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.
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.
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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.
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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