Global Azo Pigments Market By Overview
Introduction:
Azo Pigments Market was valued at US$ 6.0 billion in 2024 and is projected to grow at a CAGR of 7.0% to reach US$ 11.1 billion by 2034.
Azo pigments are organic compounds that are widely used to colour a variety of materials, including plastics, paints, textiles, and food. Azo pigments are used to colour several food products, such as candy, beverages, and baked goods Azo pigments are known to be insoluble in water and other solvents, which makes them ideal for use in applications where colour-fastness is important.
Azo pigments are a large class of organic pigments that contain an azo group (-N=N-) as part of their molecular structure. Azo pigments are synthesized by coupling diazonium salts with aromatic compounds.
The colour of azo pigments depends on the structure of the azo group and the surrounding aromatic rings. Azo pigments can be classified into several different types, such as diarylide pigments, benzimidazole pigments, and quinacridone pigments.
Azo pigments are available in a wide variety of colours, including red, yellow, orange, and brown. They are also available in a variety of forms, including powders, granules, and pastes. Some azo pigments are used as dyes, rather than pigments. Dyes are soluble in water, while pigments are insoluble. The choice of the right form of azo pigment for a particular application depends on a number of factors, such as the desired colour, the application method, and the substrate being coloured.
The paints and coatings industry is the largest consumer of azo pigments, accounting for over 35% of the global market. This is due to the wide range of colours that azo pigments can produce and their excellent durability and weather resistance. The plastics industry is the second largest consumer of azo pigments, followed by the textiles and printing inks industries.
The growth of the azo pigments market is driven by a number of factors, including the increasing demand for vibrant and durable colours in various industries, the rising disposable incomes in developing countries, and the growing awareness of the environmental benefits of azo pigments compared to traditional dyes.
According to the National Institute of Health (NIH) Red 40, Yellow 5, and Yellow 6 are contaminated with compounds that are known to cause cancer. It has been discovered that food dyes contain the possible carcinogens benzidine, 4-aminobiphenyl, and 4-aminoazobenzene. There is evidence that animals can develop cancer from Blue 1, Blue 2, Green 3, Red 40, and Yellow 6. The Food and Drug Administration has classified red 3 as a carcinogen. The increasing public health awareness is causing these synthetic dyes to be replaced with safer natural azo pigments leading to growth in the azo dye market.
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Global Azo Pigments Market By Dynamics
Drivers of the Azo Pigments Market:
Increasing need for pigments with high performance
The rising need for high performance azo pigments from the automotive and construction sectors is another important factor propelling the global azo pigments market. Because of the growing requirement for enhanced durability, UV resistance, color vibrancy, and other protective features, there is a growing demand for high-performance azo pigments. High-performance azo pigments are also becoming more and more necessary due to the growing requirement for enhanced printing applications. The automotive, plastics, and construction sectors are expanding rapidly due to the fast pace of urbanization. This has created a demand for aesthetically pleasing azo pigments that may be utilized to enhance the beauty of their goods.
According to Statista it was anticipated that the paint and coatings business in the United States produced 1.31 billion gallons in 2023. Production in the sector is expected to exceed 1.34 billion gallons in 2024. The number of cars produced in the United States in 2022 was approximately 1.8 million, a rise of more than 13 percent over 2021. This increase in production will greatly increase demand for azo pigments fuelling growth in the azo pigments market.
Technological Innovation allows new wider range of Applications
Technological advancements are pushing the boundaries of applications for azo pigments Innovations in production processes have made it possible to produce Azo pigments with improved performance and colour properties. This has led to increased demand for Azo pigments in high-performance applications, such as automotive coatings and printing inks. With technological advancement the process of bulk manufacturing environmentally safe and nontoxic azo pigments has become more efficient and cost effective with industrial scale up becoming much easier and profitable. This has attracted many new investors to the azo pigments market
Rising demand for environmentally friendly products
Many countries are seeing an increase in the strictness of their environmental laws. Although azo pigments are generally thought to be safe to use, when they degrade, some varieties of azo pigments can emit toxic amines. New environmentally friendly Azo pigments that adhere to the most recent laws have resulted from this. The environmental impact of the things that they purchase is becoming more and more apparent to consumers. This is creating a need for environmentally friendly products that are becoming more and more popular, such as those that use low-impact or renewable Azo pigments. Currently the main drivers of the Azo Pigments Market growth are the expanding market for bio-based paints and coatings, the pharmaceutical industry's growing need for organic pigment, and the rise in color options available in food clothing and paint industries.
Restrains:
Certain azo pigments, especially azo dyes, have been connected to possible health hazards such allergies and cancer. As a result, there are now stringent laws in place in many places, most notably the European Union, that limit the use of specific Azo pigments in particular applications, such as toys and textiles. These rules restrict the market reach of specific pigment kinds and increase compliance expenses for manufacturers.
Certain Azo pigments can pollute water and produce hazardous by-products during synthesis and use. This puts future regulatory limitations on azo pigments and environmental concerns into question, which presents more obstacles for the azo pigments market.
Key Opportunities in Azo Pigments Market:
- Develop Environmentally Friendly Azo Pigments: Addressing concerns about potential toxicity by researching and developing new azo pigments with improved biodegradability or lower environmental impact will fuel azo pigments market growth.
- Invest in Bio-based Azo Pigments: Exploring the use of renewable resources like plant derivatives as starting materials for azo pigments production.
- Diversification beyond Traditional Uses: new applications for azo pigments beyond the core industries like paints, coatings, inks, and plastics. Considering sectors like bioplastics, 3D printing, OLED displays, and advanced composites.
- Focus on Niche Markets: Catering to specific needs within existing markets, like high-performance azo pigments for automotive coatings or food-grade azo pigments with enhanced stability
Recent Development:
- In June 2021, Clariant International announced that it had signed a final deal with Heubach Group. The agreement states that Heubach Group and S.K. Capital Partners will purchase Clariant International's azo pigments manufacturing division.
- In September2020, DIC Corporation completed the purchase of BASF Colors & Effects (BCE), the company's global pigments division. With this transaction, the two businesses' complementary product, manufacturing asset, supply chain, and customer service portfolios will be combined to better serve clients throughout the world.The acquisition will establish a world-class pigments supplier that provides clients with an even greater range of adaptable solutions, thereby expanding Sun Chemical's portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, inks, plastics, and specialty applications.The company's pigment portfolio will offer larger product categories relating to effect pigments, inorganic and organic pigments, specialty dyes, and pigment preparations, with approximately 30 pigment manufacturing facilities worldwide between DIC and BCE.
Global Azo Pigments Market By Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Azo Pigments Market Regional Insights:
On region the Azo Pigments Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- North America market held the largest market shares in 2021 and is estimated to witness a significantly high revenue share over the forecast period, owing to rise in production of end user industries for azo pigments such as printing and auto mobile industries. The rising organic packaging movement and the immense market for packaged edibles will contribute to the growth of azo pigments market.
- Asia Pacific market is estimated to witness fastest revenue share due to rapidly growing construction sector fuelled by presence of majority of manufacturers of construction materials and paints and varnishes. China and India will see a rise in their market share owing to their expanding population and the booming construction industry. The rising demand for food, pharmaceuticals and textile in growing populations in this region will lead to demand for nontoxic, biodegradable azo pigments.
- Europe Having developed economies and well-established healthcare systems, it maintains a steady share of the Azo Pigments Market. Slower population growth, and absence of any major urbanization projects however, might restrict any major expansions of the Azo Pigments Market in the forecast period.
- Latin America Has smaller market shares but offers significant potential for future growth due to expanding economies and improving infrastructure. Countries with emerging economies like Brazil and Argentina have scope of holding substantial sections of the Azo Pigments Market in the forecast period due to their substantial populations and increasing urbanization.
- Middle East & Africa The Azo Pigments Market in the this region is expected to witness significant growth in the coming years, driven by several factors such as the rising importance of environment friendly dyes and coatings and huge demand for auto mobiles .
Report Scope:
|
Attribute |
Details |
|
Market Size 2024 |
US$ 6.0 billion |
|
Projected Market Size 2034 |
US$ 11.1 billion |
|
CAGR Growth Rate |
7.0% |
|
Market Segmentation |
By Type- Oil Based, Water Based By Application- Plastics, Textile, Printing Ink, Food, Paints & Varnishes
|
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Azo Pigments Market report based on By Type, Application and Region:
Azo Pigments Market, By Type:
- Oil Based
- Water Based
- Plastics
- Textile
- Printing Ink
- Food
- Paints & Varnishes
Azo Pigments Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Azo Pigments Market By Key Players
The key players operating the Azo Pigments Market includes,BASF SE, Clariant International, Pidilite Industries Ltd, Lanxess AG, Synthesia a.s., Sincol Corporation, Sudarshan Chemical Industries Limited, Ferro Corporation, DIC Corporation, Jeco Pigment USA Inc. and Others.
Global Azo Pigments Market By Company Profile
- BASF SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Clariant International
- Pidilite Industries Ltd
- Lanxess AG
- Synthesia a.s.
- Sincol Corporation
- Sudarshan Chemical Industries Limited
- Ferro Corporation
- DIC Corporation
- Jeco Pigment USA Inc.
“*” marked represents similar segmentation in other categories in the respective section
Global Azo Pigments Market By Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Azo Pigments Market, By Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Oil Based
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Water Based
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Azo Pigments Market, By Application, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Plastics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Textile
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Printing Ink
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Food
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Paints & Varnishes
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Azo Pigments Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- BASF SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Clariant International
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Pidilite Industries Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lanxess AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Synthesia a.s.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sincol Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sudarshan Chemical Industries Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ferro Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- DIC Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Jeco Pigment USA Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Azo Pigments Market is segmented into type, application and region.
The global azo pigments market has been expanding due to the rising demand for azo pigments in several segments. Azo pigments are extensively used in plastics, paints & varnishes, textiles, rubbers, food, and printing inks.
Asia Pacific is expected to dominate the global azo pigments market in the next few years.
The Key players operating in the global azo pigments market includes BASF SE, Clariant International, Pidilite Industries Ltd, Lanxess AG, Synthesia a.s., Sincol Corporation, Sudarshan Chemical Industries Limited. Ferro Corporation, DIC Corporation, Jeco Pigment USA Inc.