Acid Orange is also known as organic sodium salt that is the disodium salt of 7-hydroxy-8-[(E)-phenyldiazenyl] naphthalene-1, 3-disulfonic acid. Acid orange is basically an azo compound which is combined with yellow dyes in alcoholic solution to stain erythrocytes in trichrome methods.
In terms of physical properties, acid orange is available in powder or in orange crystals form and soluble in water and with strong oxidizing agents. With this significant properties, acid orange is applicable in the biological applications for detecting lung cancer metastasis, ophthalmic devices, measuring glycated proteins, and among others.
Furthermore, acid orange finds key applications in many end use industries such as dyes, ink, cosmetics, textiles and many more. Application of acid orange varies with respect to end use industries based upon color index of the product.
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Global Acid Orange Market: Market Dynamics
The market of acid orange is anticipated to witness a steady growth over the coming years. Developing countries across the world such as India, China, and ASEAN countries have been key factors due to the increase in overall demand for acid orange in the last couple of years.
Growing demand from chemical industry owing to the increasing importance of acid orange as an intermediate for multiple chemical process is expected to drive the demand for acid orange in the coming years as well.
The key functional restraint of acid orange is its incompatibility of reacting with strong oxidizing agents which can hamper the market growth in the near future. Also, rising number of environmental regulations over emissions especially related to solvent solubility has decreased the demand for acid orange market in some of the countries.
Rising industrial activities and growth in consumer production, food & beverages has boosted the demand for acid orange positively in the coming assessment period. The demand for pharmaceuticals is estimated up rise owing to the increasing use of acid orange.
COVID-19 crisis impact
Globally, interruption in industrial and trade activity owing to COVID-19 impacted countries is anticipated to result in a drastic change in economic growth of individual region and on a global level as well. Cancellation or extension of industrial projects, employee furloughs, investment cuts, and lack of cash flow is expected to result in significant plunge in the chemical industry and the global economy.
Across the globe, chemical manufacturers and end users experienced two types of recovery in their business such as V-shaped recovery, in this scenario demand is recovered as quickly as it dropped. By the onset of holiday season much of economic activity would resume with lifting of trade restrictions and factory output across the world would gradually returned to normal by the fourth quarter.
In the U-shaped recovery, demand is stall further in the second & third quarter of the year. A prolonged lockdown of economic activities in many countries would impact employment rates, and most likely need much wider intervention from government stimulus measures.
The acid orange market is estimated to be fairly fragmented owing to the number of players in the international market. Few of them are identified across the value chain which is –
- Vinayak Ingredients (India) Pvt. Ltd.
- MITSUBISHI CHEMICAL CORPORATION
- Tokyo Chemical Industry Co. Ltd.
- Shramik Chemicals
- Krishna Dyestuff Company
- Ciech S.A.
- Kanto Corporation
- Megha International
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