According to Future Market Insights, the global market for arylamide pigments is projected to increase at a CAGR of 6.49% in the forecast period from 2023 to 2033 where the market size of alloys in 2023 was US$ 12.9 billion and in 2033 it will reach by US$ 24.2 billion.
The increase in demand for pigments in the paints and coat industries, paper industry, textile and plastic industry, and manufacturing of inks are anticipated to boost the sales of acrylamide in the coming years
| Data Points | Key Statistics |
|---|---|
| Expected Market Value of the Arylamide Pigments Market in 2023 | US$ 12.9 billion |
| Expected Market Value of the Arylamide Pigments Market in 2033 | US$ 24.2 billion |
| Growth Rate | 6.49% CAGR |
| Forecast Period | 2023 to 2033 |
So, with the rise in demand for pigments in various end-use industries like paintings and coatings, inks, plastics, paper, pulp, etc. have been predicted that it will boost its sales in this category of pigments as it provides an ample range of colors and shades. Therefore, due to the growth in demand for varied colors of inks is boosting the consumption of pigments including the arylamide category globally. Subsequently, the growth in textile industries is also rising due to which the requirement of pigments owing to the demand for high fashion apparel is also rising. The growing demand for colorful plastic toys is also assessed to increase the rate of consumption of arylamide pigments during the forecast period.
The consumption growth of paints and coatings in buildings, construction, and infrastructure is expected to have risen their demand for pigments in the coming years. Therefore, the increasing demand for water-repellent paints used for protecting the surfaces of the wall of buildings are also benefitting the arylamide category as usage of such pigments are mainly found in the color formulation of these paints that can repel water. The increasing demand for acid-resistant, solvent-resistant, and corrosion-resistant coatings has also increased the demand for arylamide pigments, as it is resistant to corrosion.
The USA and Canada have boosted the growth of arylamide pigments in the paints and coatings industries. This is because of the usage of paints and coatings in buildings and the construction sector and also in various industries. Also, the substantial growth in the textile industries is boosting the demand as such pigments are used in the coloration of clothes. Similarly, various countries lying in the Asia-Pacific region are also expecting to boost the consumption of arylamide pigments as China, India, and ASEAN have been estimated for substantial growth in the market of pigments.
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Some of the key market players in the arylamide pigments market are-
BASF SE
Strategies-
Developments-
Demand of arylamide pigments are anticipated to witness a CAGR of 3.5% to 4.5% over the coming assessment period of 2021 to 2031. The growing demand of pigments in paints and coatings industries, paper industry, textile and plastic industry and for manufacturing of inks are expected to boost the sales of arylamides in the coming years.
Arylamide yellow is further estimated to remain a key type of arylamide and is expected to grow with a considerable growth rate during the forecast period.
Principal Consultant
With the growing demand of pigments in various end use industries like paints and coatings, inks manufacturing, plastic and textiles, paper and pulp and others are expected to boost the sales of this category of pigments as this category provides a wide range of colors with a wide range of shades. The growing demand of various colors of inks all over the globe is boosting the consumption of pigments including the arylamide category.
Significantly growing textile industry is increasing the requirement of pigments owing to the demand for high fashion apparel. Furthermore the growing demand of toys especially colorful plastic toys are also estimated to increase the consumption rate of the arylamide pigments over the forecast period.
The growing consumption of paints and coatings in buildings, construction and in infrastructure are expected to increase the demand for the pigments in the coming years. The growing demand of water repellent paints to protect the wall surfaces of a building are also benefiting the arylamide category as these pigments are used in color formulation for these paints that have the property to repel water.
The growing demand of acid resistant, solvent resistant and corrosion resistant coatings in various manufacturing industries are also increasing the demand of arylamide pigments, as this pigment is resistive to corrosion. The growing high rise buildings all over the globe are benefiting the sales of paints as high rise building consumes a significant amount of paints, which benefits the sales volume of pigments.
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The significant growth in the paints and coatings industries in USA and Canada have boosted the consumption of arylamide pigment types. This is due to the use of paints and coatings in buildings and construction sector and use of coatings in various industries, since both the countries have significant construction spending on buildings especially on high rise buildings and structures.
The substantially growing textile industries are also boosting the demand of arylamide pigments in USA and Canada, since these pigments are used in coloring the clothes. Strong growth in the paper industry and plastic industry along with growing demand of inks are also boosting the market in these countries.
Significantly growing end use industries in several countries of Asia Pacific region is anticipated to boost the consumption of Arylamide Pigments during the forecast period. China, India and ASEAN are estimated to witness a substantial growth in the market of the pigments owing to the growing paints, paper, inks and textile industries.
Asia Pacific region is also expected to account for a significant share of Arylamide Pigments global consumption owing to the presence of several number of end user industries. Further with the presence of a significant number of manufacturers the region is also expected to remain a key provider of the pigment across the globe.
Some of the leading manufacturers and suppliers of the product include
Key players are focusing on increasing their production capacities to cater the growing demand from the end user industries. Manufacturers are also investing a significant amount in Research and Innovation for the development of nano-pigments to enhance the properties of the paints, inks and coatings, as nano-pigments boost the properties of the bulk substance with decreasing the overall usage.
The growing trend of nanotechnology in the paints and coatings industries to provide an advance protective layer to the building and infrastructure surfaces and are also anticipated to boost the demand of pigments in the coming years.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Arylamide Pigments Market
