Arylamide Pigments Market size is anticipated to reach USD 29 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of arylamide pigments was USD 13 Billion. Since this category of pigments offers a wide variety of hues and tints, it is anticipated that its sales will increase due to the growing need for pigments in a variety of end-use sectors, including paintings & coatings, inks, plastics, paper, pulp, etc. For instance, China and the United States are the world's two biggest producers of paper. China's paper production has surged to a high of 117 million metric tons in 2020, whereas the United States has seen a decline in paper production in recent decades. Therefore, the growing production of paper is also accelerating the market growth. As a result, the need for a wider range of ink colors is increasing internationally, which is driving up the consumption of pigments, particularly those in the arylamide category. As a result, the textile industry is expanding, which is driving up demand for high-end clothing and increasing the need for pigments.
Arylamide pigments are witnessing a major trend in the industry because of their better performance attributes when compared to other pigment kinds. Producers are concentrating on creating sophisticated arylamide pigments with improved qualities and more potential applications. In order to obtain a competitive advantage in the arylamide pigments market, major businesses in the highly competitive field spend on research and development.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
~ 6% |
|
Base Year Market Size (2023) |
~ USD 13 Billion |
|
Forecast Year Market Size (2036) |
~ USD 29 Billion |
|
Regional Scope |
|
Type (Yellow, Orange, Red)
Yellow segment in the arylamide pigments market is expected to hold a share of 47% during the forecast period. Arylide yellow is a series of chemical compounds used as pigments that are also referred to as Hansa yellow and monoazo yellow. Their main application is as industrial colorants in plastics, inks, and building paints. Watercolors, acrylics, and oil paintings are also utilized artistically with them. These pigments, which come in hues ranging from orange-yellow to yellow-green, are often semi-transparent. Arylamide Yellow is used in watercolors, acrylics, and creative oils. These pigments come in orange-yellow to yellow-green hues and are typically transparent. Dioxalidide pigments are related to organic pigments. In general, the market's harmful cadmium yellow has been somewhat replaced by these pigments.
End-use (Paper Industry, Printing Inks, Paints & Coatings, Textiles, Plastic)
Paints & Coatings segment in the arylamide pigments market is expected to hold a share of 36% during the forecast period. In the next years, it is anticipated that the need for pigments will rise due to the expanding use of paints and coatings in infrastructure, building construction, and building maintenance. The construction industry is the primary driver of the segment’s expansion, with demand growth also being driven by the automotive, general industrial, coil, wood, aerospace, railing, and packaging coatings segments. For instance, in 2022, the global automotive OEM coatings sector was estimated to be worth USD 16.9 billion. Therefore, the expansion of these industries also propels the growth of the segment. Furthermore, arylamide pigments are in higher demand due to their corrosion resistance, which is a result of the increased need for coatings that are resistant to acid, solvent, and corrosion in a variety of manufacturing industries. The increasing number of high-rise buildings being constructed around the world is helping to boost paint sales because these buildings need a lot of paint.
Our in-depth analysis of the global market includes the following segments:
|
Type |
|
|
End-use |
|
North American Market Forecast
North American arylamide pigments market is poised to hold the largest share of 35% during the forecast period. The use of arylamide pigment types has increased as a result of the notable expansion of the paint and coatings industry in the United States and Canada. This is because both countries highly invest in building construction, especially in high-rise buildings and structures, and since paints and coatings are used in the building and construction sector as well as in numerous businesses. For instance, in 2022, the United States installed new constructions valued at over 1.8 trillion dollars. Since arylamide pigments are used to color clothing, the significantly expanding textile industries in the USA and Canada are also driving up demand for these pigments. The market in these nations is also being helped by robust expansion in the paper and plastic industries as well as rising ink demand.
APAC Market Statistics
Arylamide Pigments Market in Asia Pacific is projected to hold a share of 28% by the end of 2036. It is expected that the demand of acrylamide pigments would increase due to the significantly rising end-use industries in numerous countries in the Asia Pacific region. Due to the expanding paint, paper, ink, and textile sectors, China, India, and ASEAN are predicted to have significant expansion in the market. The Asia Pacific region is anticipated to hold a substantial portion of the market for Arylamide Pigments due to the existence of numerous end-user industries. Furthermore, the region is anticipated to continue serving as a major global supplier of pigment due to the existence of a sizable number of producers.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?