The global Acid Orange market size is expected to reach USD 335.1 Million in 2030 and register a revenue CAGR of 8.5% over the forecast period, according to the latest report by Reports and Data. Rising demand for Acid Orange 7 dyes in the textile industry and increasing adoption of Acid Orange 7 as biological stains are expected to drive market revenue growth during the forecast period. Increasing the use of Acid Orange 7 in the detection of cancer is expected to boost the growth of the Acid Orange 7 market in the near future. Orange G, a biological stain made from Acid Orange 7 is used for the detection of keratinizing squamous cancer on regions of the body that do not have keratin. This has led to increased adoption of Acid Orange 7 in research institutions. Acid Orange 7, a food-grade color dye is widely used in the food & beverage industry, owing to its easy availability and durable, bright colors, which makes it an essential material during the manufacture of candies, aerated drinks, and fruit juices, which increases demand for Acid Orange 7. This is expected to drive revenue growth in the market in the near future. Additionally, the increasing adoption of Acid Orange 7 owing to its color retention properties has led to its increased demand. This is expected to drive revenue growth in the market.
However, concerns regarding the harmful side-effects observed in people consuming foods with Acid Orange 7 food dye are some factors that could hamper the market's revenue growth during the forecast period. Acid Orange 7, the first commercially available food-grade dye has had several detrimental health effects on its consumers. This has led to the imposition of strict regulations and standards by the regulatory authorities, which is expected to restrain the market revenue growth.
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Sustainability and digitalization are expected to be two key trends to alter the dynamics of the chemicals and materials industry over the forecast period. Rising focus on sustainable manufacturing processes, packaging, and innovation in production are some key factors expected to accelerate market revenue growth over the forecast period. In addition, the incorporation of machine learning, artificial intelligence, and the advent of 3D printing or additive manufacturing are expected to further contribute to revenue growth of the market going ahead.
Advancements in R&D technology, the development of new business models, and the emergence of disruptive technologies have brought about dynamic changes in the global market over the recent past. Growing demand for personal care products, increasing demand from end-use industries, and rapid advancement in e-commerce sales channel have given rise to lucrative growth opportunities in the sector. Key companies are focusing on the current and emerging trends to capitalize on the market opportunity.
Top 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 Chem Pvt. Ltd., Sterling Pigments & Chemicals, Aeromax Industries, and Magnil Dye Chem
Some Key Highlights in the Report
- The textile segment accounted for the largest revenue share in 2021. Increasing usage of acid orange in textile industries to obtain various colors is driving the growth of the segment. Acid orange can produce various colors such as purple, red, and brown upon treatment with specific chemicals.
- HDPE drums segment is expected to account for the largest revenue share in the global acid orange market in 2021. Rising demand for industrial-grade containers made of High-density Polyethylene (HDPE) for packaging and transportation of acid orange is driving revenue growth of the segment.
- The market in the Asia Pacific is expected to account for the largest revenue share in the global market over the forecast period. The rapid growth of the textile and food & beverage industries, in which acid orange plays an essential part is expected to drive market revenue growth. The rising demand for acid orange to obtain various colors that are durable and bright is another factor expected to increase the revenue growth of the acid orange market in the region.
Solubility (Revenue, USD Million; Volume in Units, 2018–2030)
- Soluble in water
- Insoluble in ethanol
Packaging (Revenue, USD Million; Volume in Units, 2018–2030)
- HDPE bags
- HDPE drums
- Carton boxes
End-Use (Revenue, USD Million; Volume in Units, 2018–2030)
- Cosmetics
- Hair dying agents
- Inks
- Textiles
- Medical
- Food & Beverages
- Others
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