North America colorants market is expected to reach at a CAGR of 3.4% in the forecast period of 2019 to 2026. The market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026
In order to be able to fulfill rising demand, the chemical industry invests billions of dollars each year in new and sustaining capital. Chemicals and materials are omnipresent in contemporary life, therefore major changes will be required for chemical makers to function in a changing geopolitical environment on a global scale, either proactively or reactively. Chemical firms will probably need to prepare for difficulties in the upcoming year, such as global inflation and oil price instability.
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COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
Market Segmentation
By Color (Synthetic Color and Natural Color), Product (Pigments, Dyes, Color Concentrates and Masterbatches), End User (Packaging, Paper & Printing, Textiles, Building & Construction, Automotive, Consumer Goods and Others), Country (U.S., Canada and Mexico)
Major growing sectors under the market segmentation are as follows;
Based on color, the natural color segment is growing at the highest CAGR, during the forecast period of 2019-2026. It is majorly because of their production from renewable sources without imposing harm to the environment and also they are derived from plants, animals, fruits and other natural resources.
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Based on product, the pigments segment is growing at the highest CAGR, during the forecast period of 2019-2026. This is majorly due to more durability, less abrasion and its ability to withstand external elements.
Based on end-user, the market is segmented into packaging, paper & printing, textiles, building & construction, automotive, consumer goods and others. Packaging is further sub segmented into food & Beverage, healthcare and consumer goods. Textiles are further sub segmented into fabric coloring, printed fabrics and leather. Building & construction is further sub segmented into paints & coatings, plastics and others. Automotive is further sub segmented into paints and coatings, plastics and textiles
Key Market Players
The key market players for North America colorants market are listed below;
BASF SE
DIC Corporation
Colorchem International Corp
Clariant
Cathay Industries
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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