Azo Pigments Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4005
Azo Pigments Market size is anticipated to grow at a rapid rate during the forecast period owing to its widespread demand as a coloring agent in paints, rubber and plastic industries. The growing paints market augmented by the surging construction operations will boost the product market size in the near future. In addition, the product possesses suitable oil-based solubility in plastics, paints & coating and inks products. Azo pigments has extensive application in textile fibers for formulating azo dyes. It is favored in several end-use industries due to its strong durability and colorants properties. Azo pigments are colorless particles such as clay or earth materials, that are colored by utilizing azo compounds. The product possesses excellent coloring properties coupled with lightfast drying features that is likely to drive the azo pigments market size in the expected timeframe.
Azo pigments are consumed in both commercial paint as well as artistic paint products. A substantial number of infrastructural projects are rapidly budding around the globe. Similarly, the interest in art among people has also risen to pick it up as a hobby or career. These factors are expected to influence the product demand in the overall azo pigments market size during the forecast period.
However, azo pigments may witness industry challenges due to its harmful health and environmental impacts. The production process of azo pigments leaves behind a considerable amount of solid wastes that possesses hazardous materials that are not suitable for discarding in the environment. These production barriers may act as a restraint in growth of the azo pigments market size. Nevertheless, technological developments in the reduction of solid wastes comprising hazardous materials is surging new opportunities for the azo pigments market, primarily in North America and Europe. Moreover, stringent government guidelines against environmental and pollution concerns, especially in developed regions have escalated the consumption for bio-based azo pigments.
Based on product types, the market is segmented into red, yellow, orange and few other pigments. These product types are heavily preferred in various end-use industries for better coloring, color retaining and lightfastness (fast drying) properties. Stern government standards to boost the use of organic pigments in food items and swelling production of colored imprinting inks for industrial applications is augmenting the global azo pigments market size in the projected timespan.
According to its solubility, the azo pigments market is classified into water soluble and oil soluble. Oil solubility involves a decent amount of pigments mixtures to acquire a strong coloring effects, specifically for its use in the paints & coatings and plastic industries. Previously, attaining deep colored shades in dyes was complex, due to its insolubility in solvents and hydrocarbons. However, recent innovations to increase the product solubility has made it possible to achieve solubility in solvents and hydrocarbons.
Based on applications, the product market is categorized into plastics, inks, rubber, paints & coatings, food, textile fibers and few others. Product application in inks is expected to be the leading segment owing to the elevated demand created through printing ink businesses. Furthermore, the recent development and advancements in the ink industry is anticipated to propel the consumption for azo pigments in the anticipated timespan.
The azo pigments market size will be augmented by the Asia-Pacific due to substantial growth in its economy and urbanization. Asia Pacific’s surging economic growth will offer lucrative trade opportunities for the product market size in the near future. Moreover, China is likely to be the key consumer for azo pigments due to the mounting building & construction activities, low cost labor and affluent raw material availability that is anticipated to swell the product demand in the region.
Azo pigments market size is contributed by various major companies contributing to the market size. Some of the main manufacturers comprised in the business are Clariant International, BASF SE, Sudarshan Chemical Industries Limited, LANXESS, Pidilite Industries Limited, Ferro Corporation, Sun Chemical, DIC Corporation, Tah Kong Chemical Industrial Corp, Dimacolor Industry Group Co., Crown Color Technology Co. and Trust Chem .
Azo Pigments Market, By Product type, 2014-2025
- Red pigment
- Yellow pigment
- Orange pigment
Azo Pigments Market, By Solubility, 2014-2025
- Oil soluble
- Water soluble
Azo Pigments Market, By Application, 2014-2025
- Textile fibers
- Paints & coatings
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- Clariant International
- BASF SE
- Sudarshan Chemical Industries Limited
- Pidilite Industries Limited
- Ferro Corporation
- Sun Chemical
- DIC Corporation
- Tah Kong Chemical Industrial Corp.
- Dimacolor Industry Group Co.
- Crown Color Technology Co.
- Trust Chem
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