Press release
Azo Pigments Market will Witness a CAGR of 4.1% through 2031 to reach a valuation of US$ 2.3 Bn
Azo Pigments Market 2022-2031
New Study Reports "Azo Pigments Market 2022 Global Analysis By Key Regions, Production, Consumption, Revenue, Applications, Growth and Forecasts 2031" has been Added on PersistenceMarketResearch.
The global azo pigments market is expected to witness a CAGR of 4.1% and be valued at US$ 2.3 Bn by 2031, as per the latest industry analysis by Persistence Market Research.
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Increase in regulations imposed on the use of harmful synthetic chemicals across the globe is expected to emerge as a key factor bolstering the sales of azo pigments. With rising awareness about environment protection, a giant shift toward organic products has been detected over recent years. Also, plastic production is also increasing at a rapid pace. Consistent growth in demand for plastics is driving the sales of pigments for plastic coloring.
However, high production cost associated with azo pigments elevates product pricing. Presence of cheaper alternatives will hamper overall market growth, especially in emerging markets with governmental regulations, such as India, Brazil, Egypt, and others.
However, market players are launching innovative products to stay ahead of the competition, such as:
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.
Key Players:
The report has profiled some of the important players prevalent in the global like - 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., Flint Group, Apollo Colors Inc, Changzhou Longyu Pigment Chemical Co., Ltd, Wellton Chemical Co., Ltd, and Jiangsu Yabang Pigment Co., Ltd and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Azo Pigments Market.
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.
"Increasing stringent regulations on the use and production of conventional pigments are set to demand for azo pigments over the coming years," says a Persistence Market Research analyst.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Azo Pigments Market Manufacturers
Azo Pigments Market Distributors/Traders/Wholesalers
Azo Pigments Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Azo Pigments Market - Report Highlights
A detailed overview of parent market of Azo Pigments Market
Changing Azo Pigments Market dynamics in the industry
In-depth segmentation of the Azo Pigments Market
Historical, current, and projected Azo Pigments Market size regarding volume and value
Recent industry trends and developments in Azo Pigments Market
Competitive landscape of the Azo Pigments Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Azo Pigments Market performance
Must-have information for Azo Pigments Market players to sustain and enhance their market footprint
Key Questions Answered in the Azo Pigments Market Report
How is the Azo Pigments Market expected to grow over the projected period?
What direction is the Azo Pigments Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Azo Pigments Market in future?
What are the key market drivers in the Azo Pigments Market?
What are significant opportunities and improvement areas for Azo Pigments Market manufacturers?
What are the key developments and trends taking over the Azo Pigments Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Azo Pigments Market?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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