The global naphthol AS-IRG market is expected to reach a value of USD 142.9 million in 2022, and from 2022 to 2032, it is projected to grow at a CAGR of 5.9% to reach USD 253.5 million. Growth is ascribed to the building industry’s continuous expansion.
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.
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.
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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.
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.
Top Key Players in the Naphthol AS-IRG Industry
- Vipul Organics
- Qingdao Longyuntong Corporation
- Jiangsu Tianbo Chemical Co. Ltd.
- PRAVIN DYECHEM PVT. LTD
- Laxmi Organic Industries Limited
- Koppers Inc.
- Himadri Specialty Chemical Ltd.
- Sigma Aldrich Co. LLC
- Rain Industries Limited
- EMCO Dyestuff Pvt. Ltd.
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Key Segments Profiled in the Naphthol AS-IRG Industry Survey
Naphthol AS-IRG Market Application:
- Naphthol AS-IRG for Wood Preservatives
- Naphthol AS-IRG for Dyes & Pigments
- Naphthol AS-IRG for Azoic Dyes
- Naphthol AS-IRG for Other Applications
Naphthol AS-IRG Market Region:
- North America Naphthol AS-IRG Market
- Latin America Naphthol AS-IRG Market
- Europe Naphthol AS-IRG Market
- Asia Pacific Naphthol AS-IRG Market
- Middle East and Africa Naphthol AS-IRG Market
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