Azo Pigments Market 2022
Azo Pigments sales are expected to grow at a rate of 4.1% through 2031, reaching a value of $2.3 billion. Azo pigments are forecast to make up 3.9% of the global color pigment market by revenue.
The growth of the Azo Pigments Market is attributed to the increasing demand for azo pigments in various end-use industries, such as automotive, textile, and plastics. In addition, the growing awareness about environmental concerns is also fueling the demand for azo pigments. However, volatility in prices of raw materials used in manufacturing azo pigments is restraining the growth of the Azo Pigments Market.
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The growth of the Azo Pigments Market is attributed to the increasing demand for azo pigments in various end-use industries, such as automotive, textile, and plastics. In addition, the growing awareness about environmental concerns is also fueling the demand for azo pigMENTS.
- BASF SE
- Clariant International
- Pidilite Industries Ltd
- Lanxess AG
- Jiangsu Yabang Pigment Co., Ltd
- Sincol Corporation
- Sudarshan Chemical Industries Limited
- Ferro Corporation
- DIC Corporation
- Jeco Pigment USA Inc.
- Tah Kong Chemical Industrial Corporation
- Crown Color Technology Co., Ltd
- Dimacolor Industry Group Co., Ltd
- Trust Chem Co. Ltd
- Cathay Industries
- Alliance Organics LLP
- Heubach Colour Pvt. Ltd
- Toyo Ink SC Holdings Co., Ltd
- Royal Talens B.V.
- In 2021, Sun Chemical, a fully owned subsidiary of DIC Corporation, announced the launch of two new cosmetic effect pigments that are based on an innovative patent-pending process.
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Key Takeaways from Market Study
- Global sales of azo pigments are anticipated to reach a value of US$ 2.3 Bn by the end of 2031.
- East Asia is the most prominent region in the market owing to high presence of end-use industries.
- Growing demand for paints & varnishes is expected to drive the need for azo pigments over the forecast period.
- Stringent regulations imposed over the use and production of conventional pigments are expected to elevate demand for azo pigments.
- High cost associated with azo pigments is hindering overall market growth to some extent.
Competitive Landscape
The global market for azo pigments has been identified as a fairly fragmented space due to the presence of small-scale and domestic azo pigment manufacturers active across regions. In addition, demand for custom or need-specific product formulations will also increase competition in the near course of time in this market space.
Key Questions Answered in Azo Pigments Market Report –
Who are the Major Manufacturers and Suppliers of Azo Pigments?
What will the Azo Pigments Market growth rate in Future?
What are the key factors driving the global Azo Pigments Market?
Who are the key manufacturers in Azo Pigments Market space?
What are the opportunities and threats faced by the vendors in the global Azo Pigments industry?
What are sales, revenue, and price analysis by regions of Azo Pigments industry?
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