Azo Organic Pigments Market Research on Growth Opportunities and Future Outlook Analysis to 2028
The global Azo Organic Pigments Market size was USD 4.17 Billion in 2020 and is expected to register a revenue CAGR of 4.9% during the forecast period. Market revenue growth is primarily driven by the extensive usage of organic pigments as mass colorants in various sectors such as printing inks, paints & coatings, plastic, and textile.
Organic pigments are based on carbon chains & rings and these are derived from vegetables or synthetic organic chemistry. Synthetic organic pigments are most commonly derived from aromatic hydrocarbons including coal tars and other petrochemicals. Increasing constructional activities and rising infrastructure spending are expected to boost demand for paints & coatings, thereby driving revenue growth of the market. Surging demand for high-quality organic pigments in the packaging, automotive, and building & construction sectors is also projected to drive market growth during the forecast period.
Top Companies Operating in the Global Azo Organic Pigments Market:
BASF SE, Clariant AG, DIC Corporation, Heubach GmbH, Sudarshan Chemical Industries, Ferro Corporation, Trust Chem, Toyocolor Co., Ltd., Huntsman Corporation, and The Dow Chemical Company.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
Growing demand for aesthetic designs in plastic packaging is expected to drive market growth during the forecast period. High competition is boosting the need for product differentiation, which is further resulting in growing importance of aesthetics in plastic packaging. The need to make products attractive in order to attract customers is boosting demand for organic pigments. The high coloring strength of organic pigments help in providing customized colors and wide variety of color shades, which help in increasing the product appeal and aesthetics.
Moreover, stringent regulations regarding the use of printing inks in food packaging is boosting demand for eco-friendly organic pigments. Issues of safety in food packaging is becoming a global concern and there is a growing awareness among concerned populations about the possible transfer of packaging color into food items. Good quality organic pigments are stable for color and viscosity. These can easily be printed on a number of substrates. Increasing demand for a wide range of FDA approved pigments such as yellow, green, and other colorants, is expected to drive market growth during the forecast period.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Azo Organic Pigments Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Azo Organic Pigments Market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Azo Organic Pigments Market key players
3.2 Global Organic Pigments size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Azo Organic Pigments Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Azo Organic Pigments Market Segmentation
By Type Outlook:
- Azo
- Phthalocyanine
- High-performanc
By Source Type Outlook:
- Natural
- Synthetic
By Application Outlook:
- Printing Inks
- Paints & Coatings
- Plastics
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