The report of Azo Pigments Market by Product (Red, Yellow and Orange Pigments), Solubility (Oil Soluble and Water Soluble), Application (Inks, Plastics, Rubber, Textile Fibers, Paints & Coatings, Food, Stationery, and Others), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of 4.8% during the forecast period.
Azo pigments are used to treat textiles, leather articles, and some foods. Rubberly associated with azo dyes is azo pigments, which are insoluble in water and other solvents. Stringent government regulations on using organic pigments in food materials and increasing the manufacturing of colored printing inks for industrial usage has fueled the growth of the Global Azo Pigments Market. The modernization of the product replaces conventional metal-based pigments which contain lead, cadmium, and other heavy metals, which benefits the food industry to use the azo pigments in indirect food applications.
On the other hand, azo pigments may witness industry challenges due to its harmful health and environmental impacts. The production process of azo pigments leaves behind a significant amount of solid wastes that possess hazardous materials that are not suitable for dumping in the environment. These production barriers may act as a restraint in the growth of the azo pigments market size. Also, the high price of the product over inorganic pigments is expected to restrain the global market growth in the estimated period.
Based on the solubility, the oil solubility is expected to hold the largest market share segment by 2027, as it has a good mixture ability of pigments to obtain a strong effect of colors, mostly for use in plastics and paints & coatings. It was challenging to attain deep shades of coloring in dyes, because of insolubility in hydrocarbon and solvents for oil-soluble pigments, but current innovation of coupling diazotized carbocyclic aryl amines and free hydrophilic groups with beta-naphthols made possible to have a solubility in hydrocarbon and solvents for oil-soluble pigments.
Region-wise, Asia-Pacific registered for the largest market share of the global market in 2018 and is expected to be the dominant regional market during the forecast period. Asian countries, like China, Indonesia, and India are the main consumers of the product, because of increasing purchasing power. Also, the rising infrastructural activities with the adoption of eco-friendly products, paints & coatings, inks, and plastics are expected to contribute to the growth of the regional market.
The key players of the Global Azo Pigments market are BASF SE, Clariant International, Sudarshan Rubber Industries Limited, Pidilite Industries Limited, LANXESS, Ferro Corporation, DIC CORPORATION, Sun Rubber, Tah Kong Rubber Industrial Corp., Crown Color Technology Co., Ltd., Dimacolor Industry Group Co., Ltd, Trust Chem, and others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Azo Pigments Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Azo Pigments Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Azo Pigments Market positioning of competitors.
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