Naphthol AS-IRG Market Estimations: To Reach USD 253.5 Million by 2032
Naphthol AS-IRG is used as intermediate for the manufacture of organic pigments, pigment yellow 83 and azoic dye. Naphthol AS-IRG also known as 2′,5′-DIMETHOXY-4′-CHLORO-ACETOACETANILIDE its molecular formula is C12H14O4CLN. According to the latest research, the demand for Naphthol AS-IRG is anticipated to grow with a compelling growth rate of about 5.9% in between the coming assessment period of 2022-2032.
|Data Points||Key Statistics|
|Growth Rate (2016-2021)||4.6% CAGR|
|Projected Growth Rate (2022-2032)||5.9% CAGR|
|Expected Market Value (2022)||US$ 142.9 Million|
|Anticipated Forecast Value (2032)||US$ 253.5 Million|
Azoic dyes are used for producing bright shade of color such as orange, red, navy blue, and black color. Acetoacetanilide is a co-promoter for unsaturated polyesters and is used in agricultural chemicals, coating materials, dyes, and pigments. Agrochemicals, dyes, pigments, pharmaceuticals, including vitamins, and stabilizer for PVC and polyester are among the many uses for diketene derivatives.
Who are the Key Manufacturers and Suppliers?
Some of the leading manufacturers and suppliers include
- Vipul organics
- Qingdao Longyuntong Corporation
- Jiangsu Tianbo Chemical Co.Ltd.
- PRAVIN DYECHEM PVT. LTD
- Laxmi Organic Industries Limited
- and many others.
The Naphthol AS-IRG market is growing steadily, and with the growing number of opportunities key players are also focusing on acquisitions of small and medium size players and collaborations with other market participants either for the R&D or to manufacture the product at a large scale. Significant growth of the pigments industry and organic and inorganic industry in countries such as China and India drive the industrial sector market in the Asian-pacific region.
Get Sample Copy with Graphs & List of Figures @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14096
What is Driving Demand for Naphthol AS-IRG?
The Major factors driving the market are the growing demands coming from the dyes and pigments industry. Naphthol AS-IRG suitable for textile dyeing and printing, pigment manufacturing, and tie and dye Industries. Some of the phenolic chemicals manufactured are used as key ingredients for various dye intermediates and pigments used in synthesis of active pharmaceutical ingredients such as Medodrine. It is also used as an intermediate for plastic additives and dyes (yellow pigment).
Because of the expanding application in the building and paint sectors, the inorganic pigments market is likely to rise significantly. The inorganic pigments market is driven by urbanisation and increasing development in construction activities, particularly in emerging nations. Furthermore, the increased use of inorganic pigments as colorants in the plastics industry is fueling market expansion.
Growth of Azo Pigments industry boost the market and increasing demand of Naphthol AS-IRG
One of the important segments for using the Naphthol AS-IRG is in the field of azo pigments industry. The worldwide azo pigments market has been developing due to increased demand for azo pigments in various industries. Azo pigments are widely used in plastics, paints and varnishes, textiles, rubbers, food, and printing inks. Since the last few years, the market has been gradually growing.
Plastics are one of the most common uses for azo pigments. Plastic is used in the manufacture of a wide range of products nowadays. Because of the physical qualities of azo pigments, their demand in the plastic industry is significant. The worldwide azo pigments market is benefiting from the rapid growth of the plastics sector.
Paints are another important industry in which azo pigments are widely used. Azo pigments are utilised in both artistic and commercial paint applications. With the growing need for dyes and pigments, the Naphthol AS-IRG market is expanding rapidly.
APAC Naphthol AS-IRG Market Outlook
In terms of producing and supplying organic pigments, Asia Pacific is the largest market. The market has grown as a result of rising demand for organic pigments and government regulations requiring the use of eco-friendly products. This is the strongest regional market for industries like textiles, plastics, and construction, thus organic pigment makers are focusing their efforts here.
Because of the low manufacturing costs and opportunity to serve local emerging markets, businesses are also transferring their production base to APAC. The biggest organic pigments markets in the region include China, Japan, and India. In Asia Pacific, China is the largest producer and consumer of organic pigments. China and India are large producers of azo pigments and they are expected to dominate the market in the region over the forecast period.
Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14096
Europe and North America Market Outlook
North America and Europe are seeing increased demand for low-carbon products. The use of azo pigments in foods has been permitted by governments around the region. North America and Europe are expected to benefit from this.
Furthermore, the rapid growth of the packaging industry, combined with the increasing usage of organic pigments in food and commercial packaging applications, as well as increased demand for the product in paint and printing ink applications, is likely to boost regional market growth.
The Naphthol AS-IRG 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.
Key Segments Profiled in the Naphthol AS-IRG Industry Survey
- Wood Preservatives
- Dyes & Pigments
- Azoic Dyes
- Other Applications