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Azo Pigments Market to hit USD 2127.63 Mn by 2029 at a CAGR 4.8 Percent, Global Industry Analysis by Type, Industry, Region, and Forecast
Azo Pigments Market
Azo Pigments Market Report Scope and Research Methodology
The report defines Azo Pigments as an organic chemical containing nitrogen groups with a related chemical structure of azo dyes that are generally insoluble in water. The shades of the product are red, yellow, orange, and others. The product solubility is oil-soluble and water-soluble, with the oil-soluble pigments segment registering the majority of the global market share in 2021. The product finds numerous applications like inks, plastic, rubber, textile fiber, paints & coatings, food, and stationery. From these, the inks, plastics, and paints & coatings segments collectively register for above 60 percent of the global market share in 2021.
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The report provides a dedicated study of key players, including market leaders, followers, and new entrants. It presents PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
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Azo Pigments Market Dynamics
The modernization of Azo Pigments products replaces conventional metal-based pigments, which contain lead, cadmium, and other heavy metals. This benefits the food industry to use the Azo Pigments in indirect food applications. Also, the rising demand for low carbon emission products in North America and Europe and the increasing adoption of eco-friendly products in Asia-Pacific are expected to contribute to the growth of the regional market.
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Azo Pigments may witness industry challenges due to its harmful health and environmental impacts. The production process of Azo Pigments leaves behind a significant amount of solid wastes that possess hazardous materials that are not suitable for dumping in the environment. Also, the high price of the product over inorganic pigments is expected to restrain the global market growth in the estimated period.
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Azo Pigments Market Regional Insights
Asia-Pacific registered for the largest market share of the global market in 2021 and is expected to be the dominant regional market during the forecast period. Asian countries like China, Indonesia, and India are the main consumers of the product because of increasing purchasing power. North America and Europe are the main consumers of non-metal-based pigments across the globe. The US Food and Drug Administration (FDA) and the Canadian Health Protection Branch (HPB) have approved Azo Pigments for use in food applications, increasing the demand for the product.
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Azo Pigments Market Segmentation
By Product Type:
• Red Pigments
• Yellow Pigments
• Orange Pigments
• Other Pigments
By Solubility:
• Oil Soluble
• Water Soluble
By Application:
• Inks
• Plastics
• Rubber
• Textile Fibers
• Paints & Coatings
• Food
• Stationery
• Others
Azo Pigments Market Key Competitors include:
• BASF SE
• Clariant International
• Sudarshan Rubber Industries Limited
• Pidilite Industries Limited
• LANXESS
• Ferro Corporation
• DIC CORPORATION
• Sun Rubber
• Tah Kong Rubber Industrial Corp.
• Crown Color Technology Co. Ltd.
• Dimacolor Industry Group Co., Ltd
• Synthesia a.s.
• Sincol Corporation
• DIC Corporation
• Jeco Pigment USA Inc.
• Trust Chem Co. Ltd
• Cathay Industries
• Alliance Organics LLP
• Flint Group
• Royal Talens B.V.
• Apollo Colors Inc
Table of Content for Azo Pigments Market:
Global Azo Pigments Market: Research Methodology
Global Azo Pigments Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Azo Pigments Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Azo Pigments Market Segmentation
Global Market, by Product Type (2021-2029)
Global Market, by Solubility (2021-2029)
Global Market, by Application (2021-2029)
Regional Azo Pigments Market (2021-2029)
Regional Market, by Product Type (2021-2029)
Regional Market, by Solubility (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product Type, Solubility and Application
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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