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Azo Pigments Market Outlook – 2030
With growing urbanization and increased investment, there is a global demand for aesthetics. Because of technological advancement, all countries have shifted their focus to the health risks posed by pigments. Concerns have been raised about the carcinogenic properties of azo pigments used in a variety of end-use industries. Another trend is a focus on improved performance and aesthetic quality. Severe unofficial laws against contamination and natural concerns, especially in created locales, have expanded interest for bio-based azo colors. One trend that can be seen in several regions is the focus of both the public and private sectors on the need to reduce solid wastes containing hazardous materials. The colors business has conveyed a wide scope of materials with fundamentally further developed wellbeing and natural properties, powered by exacting guidelines and an interest for practical items. The pigments industry faces a challenge in developing sustainable products. Technological advances in the reduction of hazardous waste from pigment manufacturing are raising the bar for the azo pigments market.
COVID-19 Impact analysis
Top Impacting factor
Azo pigments are used in both commercial and artistic paint products. A large number of infrastructure projects are sprouting up all over the world. Similarly, people's interest in art has grown to the point where they want to pursue it as a hobby or a career. During the forecast period, these factors are expected to influence product demand in the overall azo pigments market size. However, azo pigments may face industry challenges due to their negative health and environmental effects. The production of azo pigments generates a significant amount of solid waste, which contains hazardous materials that should not be discarded in the environment. These production barriers may stifle the growth of the azo pigments market. Nonetheless, technological advancements in the reduction of hazardous wastes in solid wastes are creating new opportunities for the azo pigments market, primarily in North America and Europe. Furthermore, strict government guidelines against environmental and pollution concerns, particularly in developed regions, have increased demand for bio-based azo pigments.
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Azo Pigments Market Report Highlights
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Key Market Players | Sudarshan Chemical Industries Limited, LANXESS, BASF SE, Pidilite Industries Limited, Sun Chemical, Ferro Corporation, Clariant International, DIC Corporation, Tah Kong Chemical Industrial Corp, Dimacolor Industry Group Co. |
Crown Color Technology Co., Trust Chem, Others |
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