Product Description
Acid orange is a chemical compound found in many fruits, such as apple, grapes, lemon, oranges etc. This acid is also alluded as Malic or carboxylic acid.
Acid orange 7 also known 2-naphthol is an azo dye used for colouring wool. This is a non-reactive dye used in hair dying as a colouring agent. The acid orange 7 is obtained by the reaction between β-naphthol and diazonium derivative of sulfanilic acid. This acid is mostly used as colorant in colour textile, leather market or colouring agent in some food products and in some cosmetics as well such as hair dyes. Acid orange 7 is used in both as oxidative and non-oxidative hair dye formulas.
Market Description & Overview
The Global acid orange market is expected to witness a considerable expansion with a CAGR of 6.3% during the forecasted period of 2021 to 2030. According to market specialists, the Global acid orange market is expected to witness a significant growth by 2030. The Global acid orange market is poised to expand to USD 324.12 billion by the end of assessment year which was earlier treasured at USD 23 billion in 2021.
There has been significant demand from the textile, food & beverage, pharmaceutical, chemical and consumer goods for acid orange-7. The global dye market is witnessing a substantial growth with respect to booming textile industries and dyes due to their ability of bonding and stability. Another reason that is driving the market is the easy availability at affordable cost of the product.
Increasing use of orange dye in cosmetic products is fuelling the market. The cosmetic industry is booming with innovative products being launched which are chemical free. Various cosmetics and hair dyes are comprised of several different chemical one of which is acid orange. Cosmetics such as lipsticks, hair dyes, shampoos, and other makeup products. This acid is also used in medicines such as vitamins, lotions, etc. However, with certain cosmetic products that need to be applied in close vicinity of eyes specifically with eye-makeup or eye makeup remover the acid is not ingested.
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With growing awareness of self-beauty coupled with growing disposable income in countries such as India, China, Brazil, Indonesia, and Mexico the demand has increased vigorously. This demand is expected to create lucrative opportunities for the market. Hence, Asia Pacific region is expected to display significant growth followed by North America and Europe.
However, stringent regulation and policies on the usage of dyes may restrain the market growth. Additionally, isomers of some acid dyes have shown certain side effects in consumers, which may restrain the market.
Market Segmentation
The Global acid orange market is segmented into Solubility, Packaging and End User
Solubility
The market is further segmented on Solubility as
- Soluble in Water
- Insoluble in Ethanol
The water-soluble section has shown highest growth of USD 96.56 million in terms of revenue and that is due their ability to dissolve in water.
Packaging
The market is further segmented on Packaging as
- HDPE Bags
- HDPE Drums
- Carton Boxes
The HDPE drums segment is accounted for highest market value of USD 71.73 million during the forecast timeline.
End User
- Cosmetics
- Hair Dying Agents
- Dyes and Inks
- Textiles
The textiles segment is expected to display noteworthy rise of USD 92 million during the forecast period, due to their high utility.
Regional Analysis
Based on the regional analysis the market covers regions such as North America, Europe, Asia-pacific, Middle East and Africa and South America. Among these, Asia Pacific is marked as dominant region and stood at significant level with a share of 45.37%.
Market Key players
Sigma-Aldrich Corporation, Vinayak Ingredients Pvt. Ltd., Megha International, Shramik Chemicals, Krishna Dyestuff Company, Asim Products, Ciech S.A., Merck KGaA, Mayur Dye Chem, Tokyo Chemical Industry Co., Ltd., Nitin Dye ChemPvt. Ltd., Sterling Pigments & Chemicals, Aeromax Industries, and Magnil Dye Chem.
Merck KGaA, Darmstadt, Germany, acquired Versum Materials, and as a result of which the organisation positioned itself on the top of electronic materials market. The company also broadened performance of materials.
The key players of a market comprise of investors and intermediaries and are marked to be pillars of the market. The market is highly competitive and has witnessed growing competition between vendors.
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