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:
Some of the prominent players operating in the Global Azo
Pigments Market are BASF SE (Germany), Clariant International (Switzerland),
Sudarshan Chemical Industries Limited (India), Pidilite Industries Limited
(India), LANXESS (Germany), Ferro Corporation (US), DIC CORPORATION (Japan),
Sun Chemical (US), Tah Kong Chemical Industrial Corp. (Taiwan), Crown Color
Technology Co. (China), Ltd., Dimacolor Industry Group Co., Ltd (China), and
Trust Chem (The Netherlands), among others.
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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