diff --git a/README.md b/README.md
index a1ec6d7..6787b3e 100644
--- a/README.md
+++ b/README.md
@@ -304,6 +304,12 @@ file_status | true | Displays file status (readonly status, modified status)
 path | 0 | filename `path` option: 0 = just filename, 1 = relative path, 2 = absolute path
 symbols | `{modified = '[+]', readonly = '[-]'}` | changes status symbols | table containing one or more symbols |
 
+* `filetype` component options
+
+Option   | Default | Behaviour
+:------: | :------: | :----:
+colored | true | Displays filetype icon in color if set to `true`
+
 * `diff` component options
 
 Option   | Default | Behaviour | Format
@@ -413,7 +419,7 @@ extensions = { 'fzf' }
           lualine_c = { {'filename', file_status = true} },
           lualine_x = { 'encoding', 'fileformat', 'filetype' },
           lualine_y = { 'progress' },
-          lualine_z = { 'location'  },
+          lualine_z = { 'location' },
         },
         inactive_sections = {
           lualine_a = {  },
@@ -421,7 +427,7 @@ extensions = { 'fzf' }
           lualine_c = { 'filename' },
           lualine_x = { 'location' },
           lualine_y = {  },
-          lualine_z = {   }
+          lualine_z = {  }
         },
         extensions = { 'fzf' }
       }
diff --git a/doc/lualine.txt b/doc/lualine.txt
index 1d2fe29..7f5ed78 100644
--- a/doc/lualine.txt
+++ b/doc/lualine.txt
@@ -158,7 +158,7 @@ Lualine defaults~
       lualine_c = { 'filename' },
       lualine_x = { 'encoding', 'fileformat', 'filetype' },
       lualine_y = { 'progress' },
-      lualine_z = { 'location'  },
+      lualine_z = { 'location' },
     }
     inactive_sections = {
       lualine_a = {  },
@@ -166,7 +166,7 @@ Lualine defaults~
       lualine_c = { 'filename' },
       lualine_x = { 'location' },
       lualine_y = {  },
-      lualine_z = {   }
+      lualine_z = {  }
     }
 <
 
@@ -412,6 +412,10 @@ In addition, some components have unique options.
     • symbols (`{modified = '[+]', readonly = '[-]'}`)
       changes status symbols
 
+  • filetype~
+    • colored  (true)
+      Displays filetype icon in color if set to `true`
+
   • fileformat~
     • icons_enabled (true)
       Whether to displays icon before component. Colors
diff --git a/lua/lualine/components/filetype.lua b/lua/lualine/components/filetype.lua
index e63411a..473d48b 100644
--- a/lua/lualine/components/filetype.lua
+++ b/lua/lualine/components/filetype.lua
@@ -1,5 +1,8 @@
 -- Copyright (c) 2020-2021 hoob3rt
 -- MIT license, see LICENSE for more details.
+local highlight = require('lualine.highlight')
+local utils = require('lualine.utils.utils')
+
 local FileType = require('lualine.component'):new()
 
 FileType.update_status = function(self)
@@ -8,7 +11,30 @@ FileType.update_status = function(self)
     local ok, devicons = pcall(require, 'nvim-web-devicons')
     if ok then
       local f_name, f_extension = vim.fn.expand('%:t'), vim.fn.expand('%:e')
-      self.options.icon = devicons.get_icon(f_name, f_extension)
+      local icon, icon_highlight_group = devicons.get_icon(f_name, f_extension)
+      self.options.icon = icon
+
+      if self.options.icon and
+          (self.options.colored or self.options.colored == nil) then
+        self.options.colored = true
+
+        local highlight_color = utils.extract_highlight_colors(icon_highlight_group, 'fg')
+        local is_focused = vim.g.statusline_winid == vim.fn.win_getid()
+        local default_highlight = highlight.format_highlight(is_focused,
+                                                             self.options.self
+                                                                 .section)
+        local icon_highlight = self.options.self.section .. '_' ..
+                                   icon_highlight_group
+        if not utils.highlight_exists(icon_highlight .. '_normal') then
+          icon_highlight = highlight.create_component_highlight_group(
+                               {fg = highlight_color}, icon_highlight_group,
+                               self.options)
+        end
+
+        self.options.icon =
+            highlight.component_format_highlight(icon_highlight) ..
+                self.options.icon .. default_highlight
+      end
     else
       ok = vim.fn.exists('*WebDevIconsGetFileTypeSymbol')
       if ok ~= 0 then
diff --git a/lua/lualine/extensions/fugitive.lua b/lua/lualine/extensions/fugitive.lua
index 7488b05..bd7d7b1 100644
--- a/lua/lualine/extensions/fugitive.lua
+++ b/lua/lualine/extensions/fugitive.lua
@@ -3,8 +3,8 @@
 local M = {}
 
 local function fugitive_branch()
-    local icon = '' -- e0a0
-    return icon .. ' ' .. vim.fn.FugitiveHead()
+  local icon = '' -- e0a0
+  return icon .. ' ' .. vim.fn.FugitiveHead()
 end
 
 M.sections = {lualine_a = {fugitive_branch}, lualine_z = {'location'}}
diff --git a/lua/lualine/init.lua b/lua/lualine/init.lua
index e542e44..1058cb2 100644
--- a/lua/lualine/init.lua
+++ b/lua/lualine/init.lua
@@ -144,7 +144,7 @@ local function setup_theme()
             return config.options.theme
           end
           vim.api.nvim_err_writeln('theme ' .. tostring(theme_name) ..
-                                ' not found, defaulting to gruvbox')
+                                       ' not found, defaulting to gruvbox')
           return require 'lualine.themes.gruvbox'
         end
         local theme = get_theme_from_config()
diff --git a/lua/tests/spec/component_spec.lua b/lua/tests/spec/component_spec.lua
index e7e80af..dc30a7b 100644
--- a/lua/tests/spec/component_spec.lua
+++ b/lua/tests/spec/component_spec.lua
@@ -241,6 +241,55 @@ describe('Fileformat component', function()
   end)
 end)
 
+describe('Filetype component', function()
+  local filetype
+
+  before_each(function()
+    filetype = vim.bo.filetype
+    vim.bo.filetype = 'lua'
+  end)
+
+  after_each(function()
+    vim.bo.filetype = filetype
+  end)
+
+  it('does not add icon when library unavailable', function()
+    local opts = build_component_opts({
+      component_separators = {'', ''},
+      padding = 0
+    })
+    assert_component('filetype', opts, 'lua')
+  end)
+
+  it('colors nvim-web-devicons icons', function()
+    package.loaded['nvim-web-devicons'] = {
+      get_icon = function()
+        return '*', 'test_highlight_group'
+      end
+    }
+
+    local hl = require 'lualine.highlight'
+    local utils = require 'lualine.utils.utils'
+    stub(hl, 'create_component_highlight_group')
+    stub(utils, 'extract_highlight_colors')
+    hl.create_component_highlight_group.returns('MyCompHl')
+    utils.extract_highlight_colors.returns('#000')
+
+    local opts = build_component_opts({
+      component_separators = {'', ''},
+      padding = 0
+    })
+    assert_component('filetype', opts, '%#MyCompHl_normal#*%#lualine_c_normal# lua')
+    assert.stub(utils.extract_highlight_colors).was_called_with('test_highlight_group', 'fg')
+    opts.icon = '*'
+    assert.stub(hl.create_component_highlight_group).was_called_with(
+      {fg = '#000'}, 'test_highlight_group', opts
+    )
+    hl.create_component_highlight_group:revert()
+    utils.extract_highlight_colors:revert()
+  end)
+end)
+
 describe('Hostname component', function()
   it('works', function()
     stub(vim.loop, 'os_gethostname')