Research Nester published a report titled “Naphthol AS-IRG Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global naphthol AS-IRG market in terms of market segmentation by application, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global naphthol AS-IRG market is estimated to occupy a sizeable amount of revenue by growing at a CAGR of ~4% during the forecast period, i.e., 2022 – 2031, ascribing to the increasing use of the chemical for pigment manufacturing, coating material production, and textile dyeing and printing across the globe. Along with this, escalating utilization of organic pigments as colorants in the plastics industry, and upsurge in the usage of naphthol AS-IRG for synthesis of active pharmaceutical ingredients are also expected to drive the growth of the market in the forthcoming years.
The market is segmented by application and end user. Based on application, the azoic dye segment is anticipated to occupy the largest share during the forecast period in view of the rising demand for azoic dyes to produce bright shade of colors including red, navy blue, orange and black. Additionally, by end user, the plastics segment is projected to acquire the largest share over the forecast period attributing to the growing demand for plastic products, and rising use of the chemical to impart colors to plastic polymers around the world.
Geographically, the global naphthol AS-IRG market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to gather the largest share and witness noteworthy growth in the market during the forecast period attributing to the high manufacturing output of textiles, plastics and construction industries in the region. Moreover, the market in North America is also assessed to grab a notable share over the forecast period on the back of the increasing demand for the product in paint and printing ink applications in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Use of the Product in End Users Industries Globally to Drive Market Growth
Over the last few years, naphthol AS-IRG is extensively being used over a wide range of industries, including plastics, agriculture, construction and many more, mainly as a co-promotor for unsaturated polymers and to impart attractive colors to the products. This in turn is anticipated to drive significant growth to the market in the near future.
However, availability of alternatives in place of the chemical is expected to operate as key restraint to the growth of the global naphthol AS-IRG market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global naphthol AS-IRG market which includes company profiling of PRAVIN DYECHEM PVT. LTD, Qingdao Longyuntong Corporation, Jiangsu Tianbo Chemical Co.Ltd., Laxmi Organic Industries Limited, Merck KGaA, JFE Holdings, inc., Koppers Inc., Nippon Steel Corporation, Rain Industries Limited, Himadri Specialty Chemical Ltd, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global naphthol AS-IRG market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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