Global Acid Orange Market Analysis by Solubility, Packaging, End-User, Region and segments forecast till 2033
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%.
Market Forecast in 2022
USD 198,810 million
Market Forecast in 2033
USD 324,120 million
CAGR % 2023-2033
Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more
Archer Daniels Midland Company, FMC Corporation Ltd., PGP Internationals, TIC Gums Inc, Penford Corporation Ltd., Grain Processing Corporation (USA), and Advanced Food Systems Inc
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:
• Hair Dying Agents
• Dyes and Inks
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.
Global Acid Orange Market: Regional Scope
· Rest of Europe
· South Korea
· Rest of Asia Pacific
· Rest of South America
Middle East and Africa
· Saudi Arabia
· South Africa
· Rest of Middle East and Africa
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1. Global Acid Orange Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Acid Orange Market Definition & Description
1.3. Global Acid Orange Market Scope and Market Estimation
1.3.1. Global Acid Orange Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)
1.3.2. Global Acid Orange Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033
1.4. Market Segmentation
1.4.1. Solubility of Global Acid Orange Market
1.4.2. Packaging of Global Acid Orange Market
1.4.3. End-User of Global Acid Orange Market
1.4.4. Region of Global Acid Orange Market
2. Executive Summary
2.1. Global Acid Orange Market Industry Trends under COVID-19 Outbreak
2.1.1. Global COVID-19 Status Overview
2.1.2. Influence of COVID-19 Outbreak on Global Acid Orange Market Industry Development
2.2. Market Dynamics
2.2.4. Impact Analysis of Drivers and Restraints
2.3. Pricing Trends Analysis & Average Selling Prices (ASPs)
2.4. Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s Five Forces Analysis
2.5.1. Bargaining Power of Suppliers
2.5.2. Bargaining Power of Buyers
2.5.3. Threat of Substitutes
2.5.4. Threat of New Entrants
2.5.5. Competitive Rivalry
2.6. Value Chain / Ecosystem Analysis
2.7. PEST Analysis
2.8. Russia-Ukraine War Impacts Analysis
2.9. Economic Downturn Analysis
2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region
3. Global Acid Orange Market Estimates & Historical Trend Analysis (2020 - 2022)
4. Global Acid Orange Market Estimates & Forecast Trend Analysis, By Solubility
4.1. Global Acid Orange Market Revenue (US$ Mn) Estimates and Forecasts, By Solubility, 2023 to 2033
4.1.1. Soluble in Water
4.1.2. Insoluble in Ethanol
5. Global Acid Orange Market Estimates & Forecast Trend Analysis, By Packaging
5.1. Global Acid Orange Market Revenue (US$ Mn) Estimates and Forecasts, By Packaging, 2023 to 2033
5.1.1. HDPE Bags
5.1.2. HDPE Drums
5.1.3. Carton Boxes
6. Global Acid Orange Market Estimates & Forecast Trend Analysis, By End-User
6.1. Global Acid Orange Market Revenue (US$ Mn) Estimates and Forecasts, By End-User, 2023 to 2033
6.1.2. Hair Dying Agents
6.1.3. Dyes and Inks
7. Global Acid Orange Market Estimates & Forecast Trend Analysis, By Region
7.1. Global Acid Orange Market Revenue (US$ Mn) Estimates and Forecasts, By Region, 2023 to 2033
7.1.1. North America
7.1.3. Asia Pacific
7.1.4. Middle East & Africa
7.1.5. South America
8. North America Acid Orange Market: Estimates & Forecast Trend Analysis
8.1. North America Acid Orange Market Assessments & Key Findings
8.1.1. North America Acid Orange Market Introduction
8.1.2. North America Acid Orange Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
184.108.40.206. Based On Solubility
220.127.116.11. Based On Packaging
18.104.22.168. Based On End-User
22.214.171.124. By Country
126.96.36.199.1. The U.S.
9. Europe Acid Orange Market: Estimates & Forecast Trend Analysis
9.1. Europe Acid Orange Market Assessments & Key Findings
9.1.1. Europe Acid Orange Market Introduction
9.1.2. Europe Acid Orange Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
188.8.131.52. Based On Solubility
184.108.40.206. Based On Packaging
220.127.116.11. Based On End-User
18.104.22.168. By Country
22.214.171.124.7. Rest of Europe
10. Asia Pacific Acid Orange Market: Estimates & Forecast Trend Analysis
10.1. Asia Pacific Market Assessments & Key Findings
10.1.1. Asia Pacific Acid Orange Market Introduction
10.1.2. Asia Pacific Acid Orange Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
10.1.2.1. Based On Solubility
10.1.2.2. Based On Packaging
10.1.2.3. Based On End-User
10.1.2.4. By Country
10.1.2.4.5. South Korea
10.1.2.4.7. Rest of Asia Pacific
11. Middle East & Africa Acid Orange Market: Estimates & Forecast Trend Analysis
11.1. Middle East & Africa Market Assessments & Key Findings
11.1.1. Middle East & Africa Acid Orange Market Introduction
11.1.2. Middle East & Africa Acid Orange Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
126.96.36.199. Based On Solubility
188.8.131.52. Based On Packaging
184.108.40.206. Based On End-User
220.127.116.11. By Country
18.104.22.168.2. Saudi Arabia
22.214.171.124.4. South Africa
126.96.36.199.5. Rest of Middle East & Africa
12. South America Acid Orange Market: Estimates & Forecast Trend Analysis
12.1. South America Market Assessments & Key Findings
12.1.1. South America Acid Orange Market Introduction
12.1.2. South America Acid Orange Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
188.8.131.52. Based On Solubility
184.108.40.206. Based On Packaging
220.127.116.11. Based On End-User
18.104.22.168. By Country
22.214.171.124.4. Rest of South America
13. Competition Landscape
13.1. Global Acid Orange Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants
13.2. Global Acid Orange Market Concentration & Company Market Shares (%) Analysis, 2022
14. Company Profiles
14.1. Archer Daniels Midland Company
14.1.1. Company Overview & Key Stats
14.1.2. Financial Performance & KPIs
14.1.3. Product Portfolio
14.1.4. Business Strategy & Recent Developments
* Similar details would be provided for all the players mentioned below
14.2. FMC Corporation Ltd.
14.3. PGP Internationals
14.4. TIC Gums Inc
14.5. Penford Corporation Ltd.
14.6. Grain Processing Corporation (USA)
14.7. Advanced Food Systems Inc.
15. Research Methodology
15.1. External Transportations / Databases
15.2. Internal Proprietary Database
15.3. Primary Research
15.4. Secondary Research
15.7. Report FAQs
16. Research Findings & Conclusion
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