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.
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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.
Global Acid Orange Market: Regional Outlook
Globally, East Asia region estimated to hold more than one third of the acid orange market value and volume market share across the globe and is anticipated to dominate the same in the coming assessment period. The growth of acid orange market in the Asia Pacific region is expected to be led by growing industrial activities since last decade and demand for high quality finished food products.
In addition to this, growth for end use industries is gaining traction from last couple of decade which is expected to add positive growth in the coming forecast period. Thus, increasing number of industrial facilities for food & beverages in Asia Pacific region is expected to boost the acid orange market demand in the coming forecast period.
Furthermore, acid orange market is anticipated to account for significant growth in the North America region followed by Europe region. Some of the key factors on which market growth depends such as presence of end use industries in region results generating factor for acid orange market growth in the region.
Also, favorable regional policies towards the manufacturers and trade facilities connected with region enacted to boost the further growth among industrial sector to recover economic growth which is expected to act as key driving factor for increasing overall product demand.
Europe region is anticipated to witness for moderate growth as compared to North America region owing to stringent regulation and less capital investment in industrial manufacturing activities is expected to boost the acid orange demand in the coming forecast period.
Which trend/ segment to impact more?
Among the segments, the consumer goods and food & beverages segment is expected to boost the market growth in the coming forecast period owing to increasing application of acid orange. Furthermore, based on the solubility segment, aqueous solution segment is expected to experience lucrative growth as compared to solvent segment owing to economic price as compared to solvent segment.
Globally, the acid orange market key players focus on developing and introducing innovative production technologies to reduce overall carbon emission and expansion capacities to meet end use industries demands, which help to reduce environmental impact and to keep safe from government stringent regulation standards.
With changing emission norms in key countries, various key manufacturers are actively working with the end users to develop customized products. This also enables the company to enhance its brand image. Prominent players are investing on R&D and technology to develop specialized products from their existing portfolio. Companies are offering online services to sell products in the market to increase customer intimacy.
Global Acid Orange Market: Industry Participants
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
- MAYUR DYE CHEM
- Asim Products
- Nitin Dye Chem Pvt. Ltd.
- Aeromax Industries
- MAGNIL DYE CHEM
- Henan Tianfu Chemical Co.,
- Sterling Pigments & Chemicals
- Merck KGaA
- MAGNIL DYE CHEM
The research report on Acid orange market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Acid orange market report also contains projections using a suitable set of assumptions and methodologies. The research report on Acid orange market provides analysis and information according to market segments such as of product type, by solubility and by application.
The Acid orange market report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
- South Asia (India, ASEAN, Rest of South Asia)
- East Asia (China , Japan, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)
The Acid orange market 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 Acid orange market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Acid orange market report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing Acid orange market dynamics in the industry
- In-depth Acid orange market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Acid orange market performance
- Must-have information for Acid orange market players to sustain and enhance their market footprint
Global Acid Orange Market: Market Segmentation
The global Acid Orange market is segmented on the basis of application, color index number, product type, packaging and regions.
By color index number :
- Acid Orange 7
- Acid Orange 10
- Acid Orange 24
- Acid Orange 67
- Acid Orange 5 & 6
Based on solubility :
By application :
- Consumer Goods
- Food & Beverages