The global naphthol AS-IRG market is anticipated to be valued at US$ 142.9 Million in 2022, forecast a CAGR of 5.9% to be valued at US$ 253.5 Million from 2022 to 2032. Growth is attributed to the increasing growth in the construction industry. From 2016 to 2021 a CAGR of 4.6% was registered for the naphthol AS-IRG market.
Data Points | Key Statistics |
---|---|
Growth Rate (2016 to 2021) | 4.6% CAGR |
Projected Growth Rate (2022 to 2032) | 5.9% CAGR |
Expected Market Value (2022) | US$ 142.9 Million |
Anticipated Forecast Value (2032) | US$ 253.5 Million |
Naphthols are insoluble azo dyes applied to cellulosic fibers by impregnation in a naphthol solution and subsequent coupling with a color salt. All cellulosic fibers such as cotton, linen, jute, hemp, as well as silk and rayon may be dyed or printed with naphthols.
Azoic dyes are used for producing bright shades 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 stabilizers for PVC and polyester are among the many uses for diketene derivatives.
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Growing Application Dyes and Pigment Industry to Drive the Growth of the Market
The Major factors driving the market are the growing demands coming from the dyes and pigments industry. Naphthol AS-IRG is 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 the 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 urbanization 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.
Although the naphthol AS-IRG market has numerous end-uses, there are numerous obstacles that likely pose a challenge to market growth. The rising awareness of environmental degradation and various associated health risks is promoting the use of organic products. With the further spread of awareness, a huge consumer shift is likely to occur toward organic products, leading to higher organic pigment demand, irrespective of the pricing difference.
Despite the potential economic advantages associated with naphthol AS-IRG, there are several drawbacks that are projected to restrain the overall development of the global market. For instance, concerns over harmful environmental and health impacts of azo pigments are restraining the global market. However, extensive research is being carried out to identify efficient effluent treatment measures.
North America has increased demand for low-carbon products. The use of azo pigments in foods has been permitted by governments around the region. North America is expected to benefit from this. The North American naphthol AS-IRG market accounts for 23.1%share of the total global market.
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 the regional market growth.
According to Future Market Insights, Because of the prevalence of various market players, as well as the increasing number of export and import activities in the region, the Europe region is expected to have the highest growth rate. The Europe naphthol AS-IRG market accounts for an 18.4% share of the total global market.
The growing construction activities such as infrastructure development, and commercial & residential building construction, in turn, are elevating the growth of the construction industry. The growth of the construction industry is expected to create robust opportunities for dependent industries, including the pigments industry in Europe.
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In terms of producing and supplying organic pigments, Asia Pacific is the largest market. The market has grown as a result of the 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.
The demand for naphthol AS-IRG is expected to skyrocket due to increased demand from furniture manufacturers for solvent-based intermediaries for wood preservative applications. China is the world's largest producer, consumer, and exporter of furniture.
Because of the low manufacturing costs and opportunity to serve local emerging markets, businesses are also transferring their production base to Asia Pacific. The biggest organic pigment 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.
The new entrants in the naphthol As-IRG market are continually indulging in several collaborations and highly investing in research and development activities to provide more convenient solutions to industry verticals. Some of the major start-ups that are leading the development of the market are- EMCO dyestuff, and Multiorganics.Pvt.Ltd, Himanshu Dye Chem., World of Chemicals,
Some of the key participants present in the global naphthol AS-IRG market include Vipul organics, Qingdao Longyuntong Corporation, Jiangsu Tianbo Chemical Co.Ltd., and PRAVIN DYECHEM PVT. LTD, Laxmi Organic Industries Limited, and many others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Vipul organics, Qingdao Longyuntong Corporation, Jiangsu Tianbo Chemical Co.Ltd., and PRAVIN DYECHEM PVT. LTD accounts for a considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific.
Report Attribute | Details |
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Growth Rate | CAGR of 5.9% from 2022 to 2032 |
Expected Market Value (2022) | US$ 142.9 Million |
Anticipated Forecast Value (2032) | US$ 253.5 Million |
Base Year for Estimation | 2021 |
Historical Data | 2016 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in US$ Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization | Available Upon Request |
FMI projects the global naphthol AS-IRG market to expand at a 5.9% value CAGR by 2032
North America is expected to be the most opportunistic with a 23.1% share of the total naphthol AS-IRG market
Vipul organics, Qingdao Longyuntong Corporation, Jiangsu Tianbo Chemical Co.Ltd., PRAVIN DYECHEM PVT. LTD are some prominent naphthol AS-IRG, market manufacturers.
1. Executive Summary | Naphthol AS-IRG Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2016 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Analysis, 2016 to 2021 4.2. Current and Future Market Size Value (US$ Billion) & Volume (Tons) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Application 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Billion) & Volume (Tons) Analysis By Application, 2016 to 2021 5.3. Current and Future Market Size Value (US$ Billion) & Volume (Tons) Analysis and Forecast By Application, 2022 to 2032 5.3.1. Wood Preservatives 5.3.2. Dyes & Pigments 5.3.3. Azoic Dyes 5.3.4. Others 5.4. Y-o-Y Growth Trend Analysis By Application, 2016 to 2021 5.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032 6. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 6.1. Introduction 6.2. Historical Market Size Value (US$ Billion) & Volume (Tons) Analysis By Region, 2016 to 2021 6.3. Current Market Size Value (US$ Billion) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032 6.3.1. North America 6.3.2. Latin America 6.3.3. Europe 6.3.4. Asia Pacific 6.3.5. Middle East and Africa 6.4. Market Attractiveness Analysis By Region 7. North America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 7.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021 7.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 7.2.1. By Country 7.2.1.1. The USA 7.2.1.2. Canada 7.2.2. By Application 7.3. Market Attractiveness Analysis 7.3.1. By Country 7.3.2. By Application 7.4. Key Takeaways 8. Latin America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 8.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021 8.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 8.2.1. By Country 8.2.1.1. Brazil 8.2.1.2. Mexico 8.2.1.3. Rest of Latin America 8.2.2. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Application 8.4. Key Takeaways 9. Europe Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021 9.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. Germany 9.2.1.2. United Kingdom 9.2.1.3. France 9.2.1.4. Spain 9.2.1.5. Italy 9.2.1.6. Russia 9.2.1.7. Rest of Europe 9.2.2. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Application 9.4. Key Takeaways 10. Asia Pacific Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021 10.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. China 10.2.1.2. Japan 10.2.1.3. India 10.2.1.4. South Korea 10.2.1.5. Australia 10.2.1.6. Rest of Asia Pacific 10.2.2. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Application 10.4. Key Takeaways 11. MEA Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021 11.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. South Africa 11.2.1.2. Saudi Arabia 11.2.1.3. United Arab Emirates(UAE) 11.2.1.4. Israel 11.2.1.5. Rest of Middle East and Africa 11.2.2. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Application 11.4. Key Takeaways 12. Key Countries Market Analysis 12.1. Value (US$ Billion) & Volume (Tons)ed States 12.1.1. Pricing Analysis 12.1.2. Market Share Analysis, 2021 12.1.2.1. By Application 12.2. Canada 12.2.1. Pricing Analysis 12.2.2. Market Share Analysis, 2021 12.2.2.1. By Application 12.3. Brazil 12.3.1. Pricing Analysis 12.3.2. Market Share Analysis, 2021 12.3.2.1. By Application 12.4. Mexico 12.4.1. Pricing Analysis 12.4.2. Market Share Analysis, 2021 12.4.2.1. By Application 12.5. Germany 12.5.1. Pricing Analysis 12.5.2. Market Share Analysis, 2021 12.5.2.1. By Application 12.6. The United Kingdom 12.6.1. Pricing Analysis 12.6.2. Market Share Analysis, 2021 12.6.2.1. By Application 12.7. France 12.7.1. Pricing Analysis 12.7.2. Market Share Analysis, 2021 12.7.2.1. By Application 12.8. Spain 12.8.1. Pricing Analysis 12.8.2. Market Share Analysis, 2021 12.8.2.1. By Application 12.9. Italy 12.9.1. Pricing Analysis 12.9.2. Market Share Analysis, 2021 12.9.2.1. By Application 12.10. Russia 12.10.1. Pricing Analysis 12.10.2. Market Share Analysis, 2021 12.10.2.1. By Application 12.11. China 12.11.1. Pricing Analysis 12.11.2. Market Share Analysis, 2021 12.11.2.1. By Application 12.12. Japan 12.12.1. Pricing Analysis 12.12.2. Market Share Analysis, 2021 12.12.2.1. By Application 12.13. India 12.13.1. Pricing Analysis 12.13.2. Market Share Analysis, 2021 12.13.2.1. By Application 12.14. South Korea 12.14.1. Pricing Analysis 12.14.2. Market Share Analysis, 2021 12.14.2.1. By Application 12.15. Australia 12.15.1. Pricing Analysis 12.15.2. Market Share Analysis, 2021 12.15.2.1. By Application 12.16. South Africa 12.16.1. Pricing Analysis 12.16.2. Market Share Analysis, 2021 12.16.2.1. By Application 12.17. Saudi Arabia 12.17.1. Pricing Analysis 12.17.2. Market Share Analysis, 2021 12.17.2.1. By Application 12.18. United Arab Emirates(UAE) 12.18.1. Pricing Analysis 12.18.2. Market Share Analysis, 2021 12.18.2.1. By Application 12.19. Israel 12.19.1. Pricing Analysis 12.19.2. Market Share Analysis, 2021 12.19.2.1. By Application 13. Market Structure Analysis 13.1. Competition Dashboard 13.2. Competition Benchmarking 13.3. Market Share Analysis of Top Players 13.3.1. By Regional 13.3.2. By Application 14. Competition Analysis 14.1. Competition Deep Dive 14.1.1. Vipul Organics 14.1.1.1. Overview 14.1.1.2. Product Portfolio 14.1.1.3. Profitability by Market Segments 14.1.1.4. Sales Footprint 14.1.1.5. Strategy Overview 14.1.1.5.1. Marketing Strategy 14.1.1.5.2. Product Strategy 14.1.1.5.3. Channel Strategy 14.1.2. Qingdao Longyuntong Corporation 14.1.2.1. Overview 14.1.2.2. Product Portfolio 14.1.2.3. Profitability by Market Segments 14.1.2.4. Sales Footprint 14.1.2.5. Strategy Overview 14.1.2.5.1. Marketing Strategy 14.1.2.5.2. Product Strategy 14.1.2.5.3. Channel Strategy 14.1.3. Jiangsu Tianbo Chemical Co. Ltd. 14.1.3.1. Overview 14.1.3.2. Product Portfolio 14.1.3.3. Profitability by Market Segments 14.1.3.4. Sales Footprint 14.1.3.5. Strategy Overview 14.1.3.5.1. Marketing Strategy 14.1.3.5.2. Product Strategy 14.1.3.5.3. Channel Strategy 14.1.4. PRAVIN DYECHEM PVT. LTD 14.1.4.1. Overview 14.1.4.2. Product Portfolio 14.1.4.3. Profitability by Market Segments 14.1.4.4. Sales Footprint 14.1.4.5. Strategy Overview 14.1.4.5.1. Marketing Strategy 14.1.4.5.2. Product Strategy 14.1.4.5.3. Channel Strategy 14.1.5. Laxmi Organic Industries Limited 14.1.5.1. Overview 14.1.5.2. Product Portfolio 14.1.5.3. Profitability by Market Segments 14.1.5.4. Sales Footprint 14.1.5.5. Strategy Overview 14.1.5.5.1. Marketing Strategy 14.1.5.5.2. Product Strategy 14.1.5.5.3. Channel Strategy 14.1.6. Koppers Inc. 14.1.6.1. Overview 14.1.6.2. Product Portfolio 14.1.6.3. Profitability by Market Segments 14.1.6.4. Sales Footprint 14.1.6.5. Strategy Overview 14.1.6.5.1. Marketing Strategy 14.1.6.5.2. Product Strategy 14.1.6.5.3. Channel Strategy 14.1.7. Himadri Specialty Chemical Ltd 14.1.7.1. Overview 14.1.7.2. Product Portfolio 14.1.7.3. Profitability by Market Segments 14.1.7.4. Sales Footprint 14.1.7.5. Strategy Overview 14.1.7.5.1. Marketing Strategy 14.1.7.5.2. Product Strategy 14.1.7.5.3. Channel Strategy 14.1.8. Sigma Aldrich CO LLC 14.1.8.1. Overview 14.1.8.2. Product Portfolio 14.1.8.3. Profitability by Market Segments 14.1.8.4. Sales Footprint 14.1.8.5. Strategy Overview 14.1.8.5.1. Marketing Strategy 14.1.8.5.2. Product Strategy 14.1.8.5.3. Channel Strategy 14.1.9. Rain Industries Limited 14.1.9.1. Overview 14.1.9.2. Product Portfolio 14.1.9.3. Profitability by Market Segments 14.1.9.4. Sales Footprint 14.1.9.5. Strategy Overview 14.1.9.5.1. Marketing Strategy 14.1.9.5.2. Product Strategy 14.1.9.5.3. Channel Strategy 14.1.10. Emco Dyestuff PVT LTD 14.1.10.1. Overview 14.1.10.2. Product Portfolio 14.1.10.3. Profitability by Market Segments 14.1.10.4. Sales Footprint 14.1.10.5. Strategy Overview 14.1.10.5.1. Marketing Strategy 14.1.10.5.2. Product Strategy 14.1.10.5.3. Channel Strategy 15. Assumptions & Acronyms Used 16. Research Methodology
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