Global Colorants Market 2017-2021 - Raw Material Price Volatility Creating Market Challenges

The global colorants market to grow at a CAGR of 5.23% during the period 2017-2021.

Global Colorants Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one driver in the market is increasing demand for plastics. The increase in the use of plastics in the automotive, packaging, and constructions industries in the emerging economies, such as China, India, and Brazil, is anticipated to foster the growth in the colorants market. Plastic in the automotive industry is used in interior as well as exterior parts to reduce the overall weight of the vehicle, which in turn, increases the fuel efficiency of the vehicle. Colorants are extensively used to give an attractive appearance to the plastic parts. Colorants such as pigments and dyes are used more for coloring plastic components.

One trend in the market is increasing demand for color shades in cosmetic industry. The basic colors, such as beige and mauve, are in high demand in the cosmetics market. In addition, colors like orange, olive green, and purple in cosmetics is growing consumer base. Earlier, only some specific colors were popular, but now consumers are offered different shades and hues in cosmetic products.

Further, the report states that one challenge in the market is volatility in raw material prices. Colorants are majorly derived from benzene. Benzene is derived from crude oil. The availability and the price of benzene affect the price of colorants. For instance, the price of benzene was $640.19 per metric ton in July 2016, which increased to $1055.35 per metric ton in Jan 2017 and again dropped to $729.38 per metric ton in July 2017. Such fluctuations in prices, negatively affect the cost and operations of vendors involved in colorants manufacturing. It affects the profit margins of vendors and hinders the production process by disrupting the demand and supply ratio. Furthermore, it is anticipated that the demand for bio-diesel will increase in the coming years, which will also cause a surge in the prices of biofuel.

Key vendors

Other prominent vendors

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Five Forces Analysis

Part 06: Market Segmentation By Type

Part 07: Market Segmentation By End-User

Part 08: Regional Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/38n3fx/global_colorants?w=5

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