Azo pigments market can be divided based on its applications, into three end-user segments as paints & coatings, printing inks and others including plastics, construction materials, rubber, ceramic, paper, glass, etc. Paint & coatings is estimated to be the largest market segment currently.
Worldwide Azo Pigments Market Size, Share, Trends Forecasts Research 2020
1. Azo Pigments Market - Global Industry Expert Opinions
Analysis, Emerging Opportunities, Market Size, Share,
Growth Drivers, Market Trends, Statistics And Forecast
2015 - 2020
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2. Report Description
Azo compounds, as defined by the International Union of Pure and Applied Chemistry (IUPAC), are alkyl or
aryl derivatives of diimide (RN=NR’), popularly known as diazene derivatives. Azo compounds are
synthesized by oxidation of aromatic hydrocarbons (hydrazinnes). The azo compounds contain closed rings
of benzene combined by azo links.
Azo pigments are used for organic red, yellow and orange pigments. Azo compounds are used as organic
pigments and dyes by a wide range of industries, especially in paints for artists. An azo pigment is a
colorless particle (usually earth or clay materials), which has been colored by using azo compounds. Azo
pigments have exquisite coloring features along with lightfastness. The lightfastness of the azo pigment
depends upon the characteristic features of the pigment carrier as well as the way the organic azo
compound has been absorbed upon the pigment carrier.
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3. Scope
Asia Pacific is expected to be the largest market owing to the rising infrastructure expenditure supporting
the growth of building and construction projects. This fuels the demand for paints and coatings and thus,
the demand for azo pigments. The market is witnessing major growth in China, India and other developing
South East Asian countries. Rest of the world (RoW) is expected to be the fastest growing geographic
segment. Brazil is expected to show higher than GDP market growth in constructions activities.
This trend is expected to continue over the forecast period between 2013 and 2019. The mature markets
of Europe and North America are expected to grow slow as compared to Asia Pacific and RoW.
4. Key Players
Some of the key players in the azo pigments market include BASF SE, Clariant International Ltd, DIC
(Dainippon Ink & Chemicals) Corporation and Vibfast Pigments Pvt. Ltd. among others.
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