Azo pigments market share forecast to witness considerable growth from 2019-2025

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Azo pigments market share research by
applications and regions for 2019-2025 Global
Market Insights, Inc.
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Overview of Azo Pigments Market

• The azo pigments market size will be augmented by
  the Asia-Pacific due to substantial growth in its
  economy and urbanization. Asia Pacifics 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 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.

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• 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.

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• 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.
• 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.

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Methodology

• Market
  research reports Key analytical components

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