Global Acid Orange Market Analysis by Solubility, Packaging, End-User, Region and segments forecast till 2033

Market Overview

The Global Acid Orange Market valued at USD 198,810 million in 2022 is expected to reach a value of USD 324,120 million in 2033, growing at a CAGR of 6.3%.

Report Scope

Global Acid Orange Market- Description

Acid orange 7 is an azo dye (an organic compound used to color textile, leather and some food products), also known as 2-naphthol. Acid orange 7 is obtained by the reaction between B-naphtha and diazonium derivative of sulfanilic acid. Acid orange 7 is a coloring agent, used as a colorant in various cosmetic products including hair dyes and colors. Acid orange 7 is used in both oxidative and non-oxidative hair dye formulas. Acid orange 7 is not used in products such as eyeliner mascara, and lipstick. In addition, acid orange 7 is used in the textile industry to color fibers such as cotton, silk, and wool as well as to synthetics such as acrylic, rayon, and polyester.

Also, it is also used in leather, paints, inks, and plastics. Due to the increasing applications in textile and cosmetic products, the Acid orange 7 market is anticipated to grow positive in the forecast period.

There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable, and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.

Consumption of cosmetic products is escalating all over the world. Hence, the growth of acid orange 7 is expected to boost. The population of India is increasing on a large scale, due to which the consumption of textile products is increasing, and acid orange 7 is used in the textile industry as a colorant. Hence, Acid Orange 7 is anticipated to grow in terms of value and volume in the forecast period.

Key Trends of Global Acid Orange Market:

·         Increasing Application in Cosmetics Product

The cosmetics dyes and pigments have a varied application and are permitted in all cosmetic products and household, many drugs, like lipsticks, hair dyes, and other make-ups, medicines, vitamins, lotions, and shampoos except those intended to be applied in the vicinity of the eyes, in particular eye make-up and eye make-up remover. With the increase in disposable income in emerging countries like India, China, Brazil, Indonesia, and Mexico, the consciousness among individuals to look good and access to the cosmetics product has also increased, this will create a great opportunity for the acid orange 7 market in the forecast period.

·         Skin Infection Problems:

The stringent regulations and policies are the factors restraining the acid orange market. Exposure to these dyes daily can cause ill effects to the health or the exposed body part. Some of the symptoms seen were darkening of the body surface, erosion of scales, excessive mucus secretion, loss of appetite, etc. So there are stringent regulations that all dyes manufacturers have to follow to ensure the better health condition of their workers and the environment.

Segmental Analysis of Global Acid Orange Market:

Based On Solubility:

• Soluble in Water

• Insoluble in Ethanol

Acid orange dyes are highly soluble in water and have better lightfastness than basic dyes. So, the water-soluble acid orange segment has shown the highest market value of USD 96.56 Million.

Based On Packaging:

• HDPE Bags

• HDPE Drums

• Carton Boxes

HDPE drums are accounted for the highest market value of USD 71.73 Million. It is anticipated to have a significant CAGR during the forecast period.

Based On End-User:

• Cosmetics

• Hair Dying Agents

• Dyes and Inks

• Textiles

The textile application segment is projected to attain the highest acid orange market value of USD 92.6 Million. The acid orange dyes are used in the textile industry to impart various colors. Acid orange dyes often display better color fastness than conventional ones due to their superior bonding, resulting in improved durability.

Global Acid Orange Market: Geographical Analysis

The global acid orange market is further segmented into five major countries- North America, Europe, Asia-pacific, Middle East and Africa and South America. The Asia Pacific region emerged as the largest acid orange market, with a share of 45.37% in 2020. The Asia-Pacific region is likely to witness the fastest acid orange market growth in the forecasted period. There will be an increase in demand by various end-user industries such as the leather and textile industries. Both Europe and North America regions are predicted to show significant growth over the coming years.

Global Acid Orange Market: Recent Developments

·         In October 2019, Merck KGaA, Darmstadt, Germany, Completed the Acquisition of Versum Materials. By acquiring Versum, the organization has optimally positioned itself in the electronic materials market. The company is also broadening performance materials, balancing the portfolio with three vital business sectors, and sharpening the strategic focus on innovation-driven technologies.

Global Acid Orange Market: Key Companies

·         Archer Daniels Midland Company

·         FMC Corporation Ltd.

·         PGP Internationals

·         TIC Gums Inc

·         Penford Corporation Ltd.

·         Grain Processing Corporation (USA)

·         Advanced Food Systems Inc.

·         Others

Global Acid Orange Market: Regional Scope      

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         U.K.

·         Germany

·         France

·         Italy

·         Spain

·         Rest of Europe

Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Rest of Asia Pacific

South America

·         Brazil

·         Argentina

·         Rest of South America

Middle East and Africa

·         Saudi Arabia

·         UAE

·         Egypt

·         South Africa

·         Rest of Middle East and Africa

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