In a recent published report, Kenneth Research has updated the market report for Colorants Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Colorants Market products.
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A report on Colorants Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021.
On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
In its database of market research reports, Kenneth Research has recently added a report on ‘Colorants Market’ that focuses on the key strategies developed by the key players operating in the market, along the growth factors, opportunities and the challenges associated with the growth of the market for the projected period of 2021 2025. The report also provides a full assessment of the micro- and macro-environmental factors by utilizing tools such as PESTEL and Porter’s five forces analysis to analyze the market growth. Additionally, the report consists of the numerical data in terms of value and volume, and also includes detailed analysis on the impact of COVID-19 on the Colorants Market during the forecast period.
Global Colorants Market was valued at USD 46600 Million in the year 2018. The increasing demand for colorants in the packaging end-use industry due to the growing importance of aesthetics in packaging products and increasing use of colorants in the plastics and paints & coatings applications is driving the colorants market.
Rising consumption of colorants in the various end-use industries including chemical, coatings, paints, construction, plastic, and others are the key driving factors for colorant market.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Scope of the Report
Global Colorants Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
? Colorants Market – Size, Growth, Forecast
? Analysis By Product Type: Dyes, Pigments
? Analysis By Source: Natural Colorants, Synthetic Colorants
? Analysis By End User: Packaging, Paints and Coatings, Food and Beverages, Textile, Paper and Printings, Plastics, Automotive
Regional Analysis – North America, Asia Pacific, Europe, Rest of World (Actual Period: 2014-2018, Forecast Period: 2019-2024)
? Colorants Market- Size, Growth, Forecast
? Analysis By Product Type: Dyes, Pigments
? Analysis By Source: Natural Colorants, Synthetic Colorants
? Analysis By End User: Packaging, Paints and Coatings, Food and Beverages, Textile, Paper and Printings, Plastics, Automotive
Country Analysis – USA, Canada, India, China, Japan, South Korea, Germany, France, Italy, Spain (Actual Period: 2014-2018, Forecast Period: 2019-2024)
? Colorants Market– Size, Growth, Forecast, By Value
? Analysis By Product Type: Dyes, Pigments
? Analysis By Source: Natural Colorants, Synthetic Colorants
? Analysis By End User: Packaging, Paints and Coatings, Food and Beverages, Textile, Paper and Printings, Plastics, Automotive
Other Report Highlights
? Competitive Landscape
? Leading Companies
? Key Developments
? Market Dynamics – Drivers and Restraints
? Market Trends
? SWOT Analysis
? Porter’s Five Forces Analysis
? Company Analysis – Clariant, Sun Chemical, Poly One Corporation, Cabot Corporation, Atul Limited, Huntsman Corporation, Ferro Corporation, Lanxess AG, Aarti Industries, Flint Group.
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