Acid Orange Market - Regional Analysis
APAC Market Insights
Asia Pacific industry is expected to dominate majority revenue share of 40% by 2035, impelled by the growing production of dyes. China is the world's largest producer and exporter of textiles, and throughout the past ten years, the country's need for dyes and pigments has increased rapidly owing to the presence of plentiful plant resources in the country. For instance, China can supply the majority of the local market demand for dyes with over 500 different varieties of dyes. In addition, China has the greatest textile industry in the world, producing more textiles than any other nation, which may drive the demand for acid orange.
According to estimates, China manufactured over 2 billion meters of apparel fabric as of December 2023.
North American Market Insights
The North America acid orange market is estimated to be the second largest, during the forecast timeframe led by the growing personal disposable income. As a result, people in the region are spending more on cosmetic products and fashion products, leading to a higher demand for acid orange. For instance, the United States' disposable personal income rose by more than 0.1% in December 2023 compared to the same month the previous year.
