Regional Trends:
Asia-Pacific is projected to be the largest and the fastest growing regional market for Azo Pigments during the forecast period owing to the infrastructure development and increasing application of organic pigments in paints & coatings, inks, plastics, textile fiber, and food to minimize the effect of toxic chemicals. The initiatives by the governments for the use of green chemicals have lowered the demand for lead-based pigments, which is expected to propel the demand for Azo Pigments in emerging economies of Asia-Pacific. China is the largest consumer, followed by India and Indonesia.
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The US, Canada, Germany, France, and Italy are the leading markets in North America and Europe. These countries are focused on developing high-quality Azo Pigments to be used in different sectors, such as construction, food, textile, and paints & coatings.
The markets in Latin America and the Middle East & Africa are estimated to witness moderate growth during the forecast period.
Key Players:
BASF SE (Germany), Clariant International (Switzerland), Sudarshan Chemical Industries Limited (India), Pidilite Industries Limited (India), LANXESS (Germany), Ferro Corporation (US), DIC CORPORATION (Japan), Sun Chemical (US), Tah Kong Chemical Industrial Corp. (Taiwan), Crown Color Technology Co. (China), Ltd., Dimacolor Industry Group Co., Ltd (China), Trust Chem (The Netherlands) are some of the key players in the Global Azo Pigments Market.
Segmentation:
The Global Azo Pigments Market has been segmented based on Product, Solubility, Application and Region.
Based on Product, the Global Azo Pigments Market has been divided into red pigments, yellow pigments, orange pigments, and others.
By Solubility, the Global Azo Pigments Market has been categorized into oil soluble and water soluble.
Based on Application, the Global Azo Pigments Market has been categorized into inks, plastics, rubber, textile fibers, paints & coatings, food, and stationery.
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