Market Overview:
Azo Pigments contain nitrogen as
a major element along with calcium, strontium, and barium. It has low
toxicity which surges its demand in the food industry. It has good solubility
in oil-based products, especially for paints & coating, plastics, and inks.
Textile fiber is among the major application of Azo Pigments for preparing azo
dyes. The product is beneficial to provide strong colorants and durability
properties.
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Oil solubility requires a good
mixture of pigments to obtain a strong effect of colors, especially for use in
the plastics and paints & coatings applications. It was difficult to attain
deep shades of coloring in dyes owing to its insolubility in hydrocarbon and
solvents, but recent innovation by coupling diazotized carbocyclic aryl amines
and free hydrophilic groups with beta-naphthols, an alternative of one of alkyl
groups, made it possible to have solubility in hydrocarbon and solvents for oil
soluble pigments.
Competitive Analysis:
·
BASF SE
·
Clariant International
·
Sudarshan Chemical Industries Limited
·
Pidilite Industries Limited
·
LANXESS
·
Ferro Corporation
·
DIC CORPORATION
·
Sun Chemical
·
Tah Kong Chemical Industrial Corp.
·
Crown Color Technology Co. (China), Ltd.
·
Dimacolor Industry Group Co., Ltd
·
Trust Chem
Market Segmentation:
The Global Azo Pigments Market
has been segmented on the basis of Product, Solubility, Application and Region.
By Product, the Global Azo
Pigments Market has been divided into red pigments, yellow pigments,
orange pigments, and others. The red pigments segment dominated the global
market due to high solubility and strong colorant features for most of the
applications, such as paints & coatings, inks, plastics, textile fibers,
and others.
Based on Solubility, the
Global Azo Pigments Market has been categorized into oil soluble and water
soluble. Oil solubility is expected to be the leading segment as it has a good
mixture ability of pigments to obtain a strong effect of colors, especially for
use in plastics and paints & coatings. It was difficult to attain deep
shades of coloring in dyes owing to insolubility in hydrocarbon and solvents
for oil soluble pigments, but recent 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.
On the Basis of Application,
the Global Azo Pigments Market has been categorized into inks, plastics,
rubber, textile fibers, paints & coatings, food, and stationery, among
others. Inks is the largest segment of the market due to the high demand
generated from the printing ink industry. The innovation and development of
inks are expected to increase the demand for azo pigments during the forecast
period.
Regional Analysis:
Asia-Pacific, North America,
Europe, Latin America, and the Middle East & Africa are the five key
regions studied for the global azo pigments market. Asia-Pacific accounted for
the largest market share of the Global Azo Pigments Market, since last year.
China is expected to be the major consumer of Azo Pigments owing to increasing
construction activities and easy availability of raw materials.
North America and Europe are
expected to witness healthy growth during the review period due to increasing
investments in R&D to enhance the colorant strength and durability.
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