Azo pigments are the largest group of organic pigments. They are widely known for their cost-effectiveness, simple application, and strong colours. Moreso, azo pigments have a wide chromatogram distribution with colours including yellow, orange, red, brown, and blue. The azo pigments are categorised into insoluble azo pigments, azo lake pigment, and condensed azo pigments. They find their applications in many use cases including printing inks, varnishes, plastics, crayons, rubbers, and other products. Government regulations against the use of harmful synthetic chemicals has compelled consumers and manufacturers to shift to organic pigments market such as azo pigments. The growing awareness of environmental degradation and various associated health risks is further fueling this demand. All these notable factors are expected to bode well for the global azo pigments market.
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Azo Pigments Market to Flourish Amid Rising Construction Activities
Rising urbanisation, expanding population, and increasing purchasing power is promoting the construction of new buildings and residential structures. Apart from that, global government authorities have increased investment in different public infrastructure projects. Infrastructures are necessary for manufacturers to manufacture their products. These infrastructures are protected and adorned by paints and coatings. To this end, increased urbanisation and higher standards of living are boosting the demand for paints and coatings. This, in turn, is propelling the adoption of azo pigments. Consequently, the azo pigments market is expected to reach new levels of growth in the years to come.
Red Azo Pigments to Prolong Market Expansion
Red azo organic pigments have numerous applications and benefits. They possess excellent solvent resistance, and stability. Moreover, with the approval from FDA to use dye in food, medicines and cosmetics, major companies are finding ways to expand their services in the red pigments field to gain a competitive advantage. In addition, increased demand for paints and coatings along with major emphasis on R&D activities are further propelling the use of red azo pigments. As a result of this, the red azo organic pigments are expected to gain significant traction. Against such a favourable backdrop, the azo pigments market is exhibiting significant growth prospects over the forecast period.
Asia Pacific to Chart Dominance Amid Rise in Pigment Manufacturing Activities
The rising infrastructure activities and emphasis on eco-friendly products are prolonging azo pigments market expansion in the Asia Pacific. As major producers of azo pigments, China and India are expected to hold a lion’s share in regional market. India is also anticipated to grow significantly owing to the drastic shifts in creating and manufacturing goods in line with constantly changing requirements for advanced technologies. That said, the country also is experiencing the growing presence of Quinophthalone pigment manufacturers. These guiding factors are projected to steepen the growth curve for the regional market in the coming years.
Prominent Market Players
Some of the major players in the azo pigments market include BASF SE, Clariant International, Pidilite Industries Ltd, Lanxess AG, Jiangsu Yabang Pigment Co., Ltd, Sincol Corporation, Sudarshan Chemical Industries Limited, DIC Corporation, Ferro Corporation, Tah Kong Chemical Industrial Corporation, and Jeco Pigment USA Inc.
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