Global Cosmetic Dyes Market Size, Share & Demand Report By Type (Synthetic Dyes, Natural/Organic Dyes), By Application (Hair Color, Lip Color, Skin Makeup, Nail Products), By Form (Liquid, Powder, Gel/Cream), By End-Use (Personal Care & Cosmetics Companies, Professional Salons & Spas, Retail & E-Commerce Consumers), By Distribution Channel (Online Retail, Supermarkets/Hypermarkets, Specialty Stores, Pharmacies/Drug Stores), By Region & Segment Forecasts, 2025–2030

Report Code: RI1528PUB
Last Updated : November, 2025
Author : Anna Morgan

Table of Contents

  1. Executive Summary
    1. Introduction
  2. Market Introduction
    1. Market Definition
    2. Scope of the Study
    3. Market Structure
  3. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  4. Market Factor Analysis
    1. Value Chain Analysis: Cosmetic Dyes Market
    2. Porters Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
  6. Recent Trends Analysis
  7. Impact of COVID-19 on Cosmetic Dyes Market
    1. Pre and Post Covid -19 Market Scenario Analysis
    2. Market Recovery Timeline and Challenge
    3. Measures Taken by Top Players
  8. Regulatory Landscape
  9. Cosmetic Dyes Market, By Type
    1. Introduction
      1. Market Size and Forecast, By Type
    2. Synthetic Dyes
      1. Market Size and Forecast, By Region
      2. Acid Dyes
        1. Market Size and Forecast, By Region
      3. Basic Dyes
        1. Market Size and Forecast, By Region
      4. Direct Dyes
        1. Market Size and Forecast, By Region
      5. Reactive Dyes
        1. Market Size and Forecast, By Region
    3. Natural/Organic Dyes
      1. Market Size and Forecast, By Region
      2. Plant-Based Dyes (Henna, Indigo, Beetroot Extract)
        1. Market Size and Forecast, By Region
      3. Mineral-Based Dyes (Iron Oxides, Titanium Dioxide)
        1. Market Size and Forecast, By Region
  10. Cosmetic Dyes Market, By Application
    1. Introduction
      1. Market Size and Forecast, By Application
    2. Hair Color
      1. Market Size and Forecast, By Region
    3. Lip Color
      1. Market Size and Forecast, By Region
    4. Skin Makeup (Foundation, Blush, Compact Powders)
      1. Market Size and Forecast, By Region
    5. Nail Products
      1. Market Size and Forecast, By Region
  11. Cosmetic Dyes Market, By Form
    1. Introduction
      1. Market Size and Forecast, By Form
    2. Liquid
      1. Market Size and Forecast, By Region
    3. Powder
      1. Market Size and Forecast, By Region
    4. Gel/Cream
      1. Market Size and Forecast, By Region
  12. Cosmetic Dyes Market, By End-Use
    1. Introduction
      1. Market Size and Forecast, By End-Use
    2. Personal Care & Cosmetics Companies
      1. Market Size and Forecast, By Region
    3. Professional Salons & Spas
      1. Market Size and Forecast, By Region
    4. Retail & E-Commerce Consumers
      1. Market Size and Forecast, By Region
  13. Cosmetic Dyes Market, By Distribution Channel
    1. Introduction
      1. Market Size and Forecast, By Distribution Channel
    2. Online Retail
      1. Market Size and Forecast, By Region
    3. Supermarkets/Hypermarkets
      1. Market Size and Forecast, By Region
    4. Specialty Stores
      1. Market Size and Forecast, By Region
    5. Pharmacies/Drug Stores
      1. Market Size and Forecast, By Region
  14. Regional Overview
    1. Introduction
      1. Market Size and Forecast
    2. North America
      1. Market Size and Forecast
        1. By Type
          1. Synthetic Dyes
            1. Acid Dyes
              1. Basic Dyes
                1. Direct Dyes
                  1. Reactive Dyes
                  2. Natural/Organic Dyes
                    1. Plant-Based Dyes (Henna, Indigo, Beetroot Extract)
                      1. Mineral-Based Dyes (Iron Oxides, Titanium Dioxide)
                    2. By Application
                      1. Hair Color
                        1. Lip Color
                          1. Skin Makeup (Foundation, Blush, Compact Powders)
                            1. Nail Products
                            2. By Form
                              1. Liquid
                                1. Powder
                                  1. Gel/Cream
                                  2. By End-Use
                                    1. Personal Care & Cosmetics Companies
                                      1. Professional Salons & Spas
                                        1. Retail & E-Commerce Consumers
                                        2. By Distribution Channel
                                          1. Online Retail
                                            1. Supermarkets/Hypermarkets
                                              1. Specialty Stores
                                                1. Pharmacies/Drug Stores
                                              2. U.S.
                                                1. By Type
                                                  1. Synthetic Dyes
                                                    1. Acid Dyes
                                                      1. Basic Dyes
                                                        1. Direct Dyes
                                                          1. Reactive Dyes
                                                          2. Natural/Organic Dyes
                                                            1. Plant-Based Dyes (Henna, Indigo, Beetroot Extract)
                                                              1. Mineral-Based Dyes (Iron Oxides, Titanium Dioxide)
                                                            2. By Application
                                                              1. Hair Color
                                                                1. Lip Color
                                                                  1. Skin Makeup (Foundation, Blush, Compact Powders)
                                                                    1. Nail Products
                                                                    2. By Form
                                                                      1. Liquid
                                                                        1. Powder
                                                                          1. Gel/Cream
                                                                          2. By End-Use
                                                                            1. Personal Care & Cosmetics Companies
                                                                              1. Professional Salons & Spas
                                                                                1. Retail & E-Commerce Consumers
                                                                                2. By Distribution Channel
                                                                                  1. Online Retail
                                                                                    1. Supermarkets/Hypermarkets
                                                                                      1. Specialty Stores
                                                                                        1. Pharmacies/Drug Stores
                                                                                      2. Canada
                                                                                    2. Europe
                                                                                      1. Market Size and Forecast
                                                                                        1. By Type
                                                                                          1. Synthetic Dyes
                                                                                            1. Acid Dyes
                                                                                              1. Basic Dyes
                                                                                                1. Direct Dyes
                                                                                                  1. Reactive Dyes
                                                                                                  2. Natural/Organic Dyes
                                                                                                    1. Plant-Based Dyes (Henna, Indigo, Beetroot Extract)
                                                                                                      1. Mineral-Based Dyes (Iron Oxides, Titanium Dioxide)
                                                                                                    2. By Application
                                                                                                      1. Hair Color
                                                                                                        1. Lip Color
                                                                                                          1. Skin Makeup (Foundation, Blush, Compact Powders)
                                                                                                            1. Nail Products
                                                                                                            2. By Form
                                                                                                              1. Liquid
                                                                                                                1. Powder
                                                                                                                  1. Gel/Cream
                                                                                                                  2. By End-Use
                                                                                                                    1. Personal Care & Cosmetics Companies
                                                                                                                      1. Professional Salons & Spas
                                                                                                                        1. Retail & E-Commerce Consumers
                                                                                                                        2. By Distribution Channel
                                                                                                                          1. Online Retail
                                                                                                                            1. Supermarkets/Hypermarkets
                                                                                                                              1. Specialty Stores
                                                                                                                                1. Pharmacies/Drug Stores
                                                                                                                              2. U.K.
                                                                                                                                1. By Type
                                                                                                                                  1. Synthetic Dyes
                                                                                                                                    1. Acid Dyes
                                                                                                                                      1. Basic Dyes
                                                                                                                                        1. Direct Dyes
                                                                                                                                          1. Reactive Dyes
                                                                                                                                          2. Natural/Organic Dyes
                                                                                                                                            1. Plant-Based Dyes (Henna, Indigo, Beetroot Extract)
                                                                                                                                              1. Mineral-Based Dyes (Iron Oxides, Titanium Dioxide)
                                                                                                                                            2. By Application
                                                                                                                                              1. Hair Color
                                                                                                                                                1. Lip Color
                                                                                                                                                  1. Skin Makeup (Foundation, Blush, Compact Powders)
                                                                                                                                                    1. Nail Products
                                                                                                                                                    2. By Form
                                                                                                                                                      1. Liquid
                                                                                                                                                        1. Powder
                                                                                                                                                          1. Gel/Cream
                                                                                                                                                          2. By End-Use
                                                                                                                                                            1. Personal Care & Cosmetics Companies
                                                                                                                                                              1. Professional Salons & Spas
                                                                                                                                                                1. Retail & E-Commerce Consumers
                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                  1. Online Retail
                                                                                                                                                                    1. Supermarkets/Hypermarkets
                                                                                                                                                                      1. Specialty Stores
                                                                                                                                                                        1. Pharmacies/Drug Stores
                                                                                                                                                                      2. Germany
                                                                                                                                                                      3. France
                                                                                                                                                                      4. Spain
                                                                                                                                                                      5. Italy
                                                                                                                                                                      6. Russia
                                                                                                                                                                      7. Nordic
                                                                                                                                                                      8. Benelux
                                                                                                                                                                      9. Rest of Europe
                                                                                                                                                                    2. APAC
                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                        1. By Type
                                                                                                                                                                          1. Synthetic Dyes
                                                                                                                                                                            1. Acid Dyes
                                                                                                                                                                              1. Basic Dyes
                                                                                                                                                                                1. Direct Dyes
                                                                                                                                                                                  1. Reactive Dyes
                                                                                                                                                                                  2. Natural/Organic Dyes
                                                                                                                                                                                    1. Plant-Based Dyes (Henna, Indigo, Beetroot Extract)
                                                                                                                                                                                      1. Mineral-Based Dyes (Iron Oxides, Titanium Dioxide)
                                                                                                                                                                                    2. By Application
                                                                                                                                                                                      1. Hair Color
                                                                                                                                                                                        1. Lip Color
                                                                                                                                                                                          1. Skin Makeup (Foundation, Blush, Compact Powders)
                                                                                                                                                                                            1. Nail Products
                                                                                                                                                                                            2. By Form
                                                                                                                                                                                              1. Liquid
                                                                                                                                                                                                1. Powder
                                                                                                                                                                                                  1. Gel/Cream
                                                                                                                                                                                                  2. By End-Use
                                                                                                                                                                                                    1. Personal Care & Cosmetics Companies
                                                                                                                                                                                                      1. Professional Salons & Spas
                                                                                                                                                                                                        1. Retail & E-Commerce Consumers
                                                                                                                                                                                                        2. By Distribution Channel
                                                                                                                                                                                                          1. Online Retail
                                                                                                                                                                                                            1. Supermarkets/Hypermarkets
                                                                                                                                                                                                              1. Specialty Stores
                                                                                                                                                                                                                1. Pharmacies/Drug Stores
                                                                                                                                                                                                              2. China
                                                                                                                                                                                                                1. By Type
                                                                                                                                                                                                                  1. Synthetic Dyes
                                                                                                                                                                                                                    1. Acid Dyes
                                                                                                                                                                                                                      1. Basic Dyes
                                                                                                                                                                                                                        1. Direct Dyes
                                                                                                                                                                                                                          1. Reactive Dyes
                                                                                                                                                                                                                          2. Natural/Organic Dyes
                                                                                                                                                                                                                            1. Plant-Based Dyes (Henna, Indigo, Beetroot Extract)
                                                                                                                                                                                                                              1. Mineral-Based Dyes (Iron Oxides, Titanium Dioxide)
                                                                                                                                                                                                                            2. By Application
                                                                                                                                                                                                                              1. Hair Color
                                                                                                                                                                                                                                1. Lip Color
                                                                                                                                                                                                                                  1. Skin Makeup (Foundation, Blush, Compact Powders)
                                                                                                                                                                                                                                    1. Nail Products
                                                                                                                                                                                                                                    2. By Form
                                                                                                                                                                                                                                      1. Liquid
                                                                                                                                                                                                                                        1. Powder
                                                                                                                                                                                                                                          1. Gel/Cream
                                                                                                                                                                                                                                          2. By End-Use
                                                                                                                                                                                                                                            1. Personal Care & Cosmetics Companies
                                                                                                                                                                                                                                              1. Professional Salons & Spas
                                                                                                                                                                                                                                                1. Retail & E-Commerce Consumers
                                                                                                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                                                                                                  1. Online Retail
                                                                                                                                                                                                                                                    1. Supermarkets/Hypermarkets
                                                                                                                                                                                                                                                      1. Specialty Stores
                                                                                                                                                                                                                                                        1. Pharmacies/Drug Stores
                                                                                                                                                                                                                                                      2. Korea
                                                                                                                                                                                                                                                      3. Japan
                                                                                                                                                                                                                                                      4. India
                                                                                                                                                                                                                                                      5. Australia
                                                                                                                                                                                                                                                      6. Singapore
                                                                                                                                                                                                                                                      7. Taiwan
                                                                                                                                                                                                                                                      8. South East Asia
                                                                                                                                                                                                                                                      9. Rest of Asia-Pacific
                                                                                                                                                                                                                                                    2. Middle East and Africa
                                                                                                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                                                                                                        1. By Type
                                                                                                                                                                                                                                                          1. Synthetic Dyes
                                                                                                                                                                                                                                                            1. Acid Dyes
                                                                                                                                                                                                                                                              1. Basic Dyes
                                                                                                                                                                                                                                                                1. Direct Dyes
                                                                                                                                                                                                                                                                  1. Reactive Dyes
                                                                                                                                                                                                                                                                  2. Natural/Organic Dyes
                                                                                                                                                                                                                                                                    1. Plant-Based Dyes (Henna, Indigo, Beetroot Extract)
                                                                                                                                                                                                                                                                      1. Mineral-Based Dyes (Iron Oxides, Titanium Dioxide)
                                                                                                                                                                                                                                                                    2. By Application
                                                                                                                                                                                                                                                                      1. Hair Color
                                                                                                                                                                                                                                                                        1. Lip Color
                                                                                                                                                                                                                                                                          1. Skin Makeup (Foundation, Blush, Compact Powders)
                                                                                                                                                                                                                                                                            1. Nail Products
                                                                                                                                                                                                                                                                            2. By Form
                                                                                                                                                                                                                                                                              1. Liquid
                                                                                                                                                                                                                                                                                1. Powder
                                                                                                                                                                                                                                                                                  1. Gel/Cream
                                                                                                                                                                                                                                                                                  2. By End-Use
                                                                                                                                                                                                                                                                                    1. Personal Care & Cosmetics Companies
                                                                                                                                                                                                                                                                                      1. Professional Salons & Spas
                                                                                                                                                                                                                                                                                        1. Retail & E-Commerce Consumers
                                                                                                                                                                                                                                                                                        2. By Distribution Channel
                                                                                                                                                                                                                                                                                          1. Online Retail
                                                                                                                                                                                                                                                                                            1. Supermarkets/Hypermarkets
                                                                                                                                                                                                                                                                                              1. Specialty Stores
                                                                                                                                                                                                                                                                                                1. Pharmacies/Drug Stores
                                                                                                                                                                                                                                                                                              2. UAE
                                                                                                                                                                                                                                                                                                1. By Type
                                                                                                                                                                                                                                                                                                  1. Synthetic Dyes
                                                                                                                                                                                                                                                                                                    1. Acid Dyes
                                                                                                                                                                                                                                                                                                      1. Basic Dyes
                                                                                                                                                                                                                                                                                                        1. Direct Dyes
                                                                                                                                                                                                                                                                                                          1. Reactive Dyes
                                                                                                                                                                                                                                                                                                          2. Natural/Organic Dyes
                                                                                                                                                                                                                                                                                                            1. Plant-Based Dyes (Henna, Indigo, Beetroot Extract)
                                                                                                                                                                                                                                                                                                              1. Mineral-Based Dyes (Iron Oxides, Titanium Dioxide)
                                                                                                                                                                                                                                                                                                            2. By Application
                                                                                                                                                                                                                                                                                                              1. Hair Color
                                                                                                                                                                                                                                                                                                                1. Lip Color
                                                                                                                                                                                                                                                                                                                  1. Skin Makeup (Foundation, Blush, Compact Powders)
                                                                                                                                                                                                                                                                                                                    1. Nail Products
                                                                                                                                                                                                                                                                                                                    2. By Form
                                                                                                                                                                                                                                                                                                                      1. Liquid
                                                                                                                                                                                                                                                                                                                        1. Powder
                                                                                                                                                                                                                                                                                                                          1. Gel/Cream
                                                                                                                                                                                                                                                                                                                          2. By End-Use
                                                                                                                                                                                                                                                                                                                            1. Personal Care & Cosmetics Companies
                                                                                                                                                                                                                                                                                                                              1. Professional Salons & Spas
                                                                                                                                                                                                                                                                                                                                1. Retail & E-Commerce Consumers
                                                                                                                                                                                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                  1. Online Retail
                                                                                                                                                                                                                                                                                                                                    1. Supermarkets/Hypermarkets
                                                                                                                                                                                                                                                                                                                                      1. Specialty Stores
                                                                                                                                                                                                                                                                                                                                        1. Pharmacies/Drug Stores
                                                                                                                                                                                                                                                                                                                                      2. Turky
                                                                                                                                                                                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                                                                                                                                                                                      4. South Africa
                                                                                                                                                                                                                                                                                                                                      5. Egypt
                                                                                                                                                                                                                                                                                                                                      6. Nigeria
                                                                                                                                                                                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                                                                                                                                                                                    2. LATAM
                                                                                                                                                                                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                                                                                                                                                                                        1. By Type
                                                                                                                                                                                                                                                                                                                                          1. Synthetic Dyes
                                                                                                                                                                                                                                                                                                                                            1. Acid Dyes
                                                                                                                                                                                                                                                                                                                                              1. Basic Dyes
                                                                                                                                                                                                                                                                                                                                                1. Direct Dyes
                                                                                                                                                                                                                                                                                                                                                  1. Reactive Dyes
                                                                                                                                                                                                                                                                                                                                                  2. Natural/Organic Dyes
                                                                                                                                                                                                                                                                                                                                                    1. Plant-Based Dyes (Henna, Indigo, Beetroot Extract)
                                                                                                                                                                                                                                                                                                                                                      1. Mineral-Based Dyes (Iron Oxides, Titanium Dioxide)
                                                                                                                                                                                                                                                                                                                                                    2. By Application
                                                                                                                                                                                                                                                                                                                                                      1. Hair Color
                                                                                                                                                                                                                                                                                                                                                        1. Lip Color
                                                                                                                                                                                                                                                                                                                                                          1. Skin Makeup (Foundation, Blush, Compact Powders)
                                                                                                                                                                                                                                                                                                                                                            1. Nail Products
                                                                                                                                                                                                                                                                                                                                                            2. By Form
                                                                                                                                                                                                                                                                                                                                                              1. Liquid
                                                                                                                                                                                                                                                                                                                                                                1. Powder
                                                                                                                                                                                                                                                                                                                                                                  1. Gel/Cream
                                                                                                                                                                                                                                                                                                                                                                  2. By End-Use
                                                                                                                                                                                                                                                                                                                                                                    1. Personal Care & Cosmetics Companies
                                                                                                                                                                                                                                                                                                                                                                      1. Professional Salons & Spas
                                                                                                                                                                                                                                                                                                                                                                        1. Retail & E-Commerce Consumers
                                                                                                                                                                                                                                                                                                                                                                        2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                                          1. Online Retail
                                                                                                                                                                                                                                                                                                                                                                            1. Supermarkets/Hypermarkets
                                                                                                                                                                                                                                                                                                                                                                              1. Specialty Stores
                                                                                                                                                                                                                                                                                                                                                                                1. Pharmacies/Drug Stores
                                                                                                                                                                                                                                                                                                                                                                              2. Brazil
                                                                                                                                                                                                                                                                                                                                                                                1. By Type
                                                                                                                                                                                                                                                                                                                                                                                  1. Synthetic Dyes
                                                                                                                                                                                                                                                                                                                                                                                    1. Acid Dyes
                                                                                                                                                                                                                                                                                                                                                                                      1. Basic Dyes
                                                                                                                                                                                                                                                                                                                                                                                        1. Direct Dyes
                                                                                                                                                                                                                                                                                                                                                                                          1. Reactive Dyes
                                                                                                                                                                                                                                                                                                                                                                                          2. Natural/Organic Dyes
                                                                                                                                                                                                                                                                                                                                                                                            1. Plant-Based Dyes (Henna, Indigo, Beetroot Extract)
                                                                                                                                                                                                                                                                                                                                                                                              1. Mineral-Based Dyes (Iron Oxides, Titanium Dioxide)
                                                                                                                                                                                                                                                                                                                                                                                            2. By Application
                                                                                                                                                                                                                                                                                                                                                                                              1. Hair Color
                                                                                                                                                                                                                                                                                                                                                                                                1. Lip Color
                                                                                                                                                                                                                                                                                                                                                                                                  1. Skin Makeup (Foundation, Blush, Compact Powders)
                                                                                                                                                                                                                                                                                                                                                                                                    1. Nail Products
                                                                                                                                                                                                                                                                                                                                                                                                    2. By Form
                                                                                                                                                                                                                                                                                                                                                                                                      1. Liquid
                                                                                                                                                                                                                                                                                                                                                                                                        1. Powder
                                                                                                                                                                                                                                                                                                                                                                                                          1. Gel/Cream
                                                                                                                                                                                                                                                                                                                                                                                                          2. By End-Use
                                                                                                                                                                                                                                                                                                                                                                                                            1. Personal Care & Cosmetics Companies
                                                                                                                                                                                                                                                                                                                                                                                                              1. Professional Salons & Spas
                                                                                                                                                                                                                                                                                                                                                                                                                1. Retail & E-Commerce Consumers
                                                                                                                                                                                                                                                                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                                                                                  1. Online Retail
                                                                                                                                                                                                                                                                                                                                                                                                                    1. Supermarkets/Hypermarkets
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Specialty Stores
                                                                                                                                                                                                                                                                                                                                                                                                                        1. Pharmacies/Drug Stores
                                                                                                                                                                                                                                                                                                                                                                                                                      2. Mexico
                                                                                                                                                                                                                                                                                                                                                                                                                      3. Argentina
                                                                                                                                                                                                                                                                                                                                                                                                                      4. Chile
                                                                                                                                                                                                                                                                                                                                                                                                                      5. Colombia
                                                                                                                                                                                                                                                                                                                                                                                                                      6. Rest of LATAM
                                                                                                                                                                                                                                                                                                                                                                                                                  2. Competitive Landscape, 2024
                                                                                                                                                                                                                                                                                                                                                                                                                    1. Introduction
                                                                                                                                                                                                                                                                                                                                                                                                                    2. Cosmetic Dyes Market Share Analysis, 2024 (%)
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Market Share Analysis, 2024
                                                                                                                                                                                                                                                                                                                                                                                                                      2. Competition Ranking, 2024
                                                                                                                                                                                                                                                                                                                                                                                                                      3. Key Developments & Growth Strategies
                                                                                                                                                                                                                                                                                                                                                                                                                        1. Merger & Acquisition
                                                                                                                                                                                                                                                                                                                                                                                                                        2. Product Launch
                                                                                                                                                                                                                                                                                                                                                                                                                        3. Expansion
                                                                                                                                                                                                                                                                                                                                                                                                                      4. Consolidated SWOT Analysis of Key Players
                                                                                                                                                                                                                                                                                                                                                                                                                  3. Company Profile
                                                                                                                                                                                                                                                                                                                                                                                                                    1. Clariant AG
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Business Overview
                                                                                                                                                                                                                                                                                                                                                                                                                      2. Financial Data
                                                                                                                                                                                                                                                                                                                                                                                                                      3. Key Product domains
                                                                                                                                                                                                                                                                                                                                                                                                                      4. Recent Developments
                                                                                                                                                                                                                                                                                                                                                                                                                    2. BASF SE
                                                                                                                                                                                                                                                                                                                                                                                                                    3. DIC Corporation
                                                                                                                                                                                                                                                                                                                                                                                                                    4. Sensient Technologies
                                                                                                                                                                                                                                                                                                                                                                                                                    5. Huntsman Corporation
                                                                                                                                                                                                                                                                                                                                                                                                                    6. L’Oréal Group
                                                                                                                                                                                                                                                                                                                                                                                                                    7. Roha Dyechem
                                                                                                                                                                                                                                                                                                                                                                                                                    8. Chr. Hansen Holding A/S
                                                                                                                                                                                                                                                                                                                                                                                                                    9. Sun Chemical
                                                                                                                                                                                                                                                                                                                                                                                                                    10. AkzoNobel