Naphthol AS-IRG Market Analysis

Application (Azoic Dye, Organic Pigments, Coating Materials, Agricultural Chemicals, Yellow 83, Medicinal Ingredients)

The global naphthol AS-IRG market is segmented and analyzed for demand and supply by application into azoic dye, organic pigments, coating materials, agricultural chemicals, yellow 83, medicinal ingredients, and others. Out of these segments, the yellow 83 segments is estimated to gain the largest market share of about 32% in the year 2037. Naphthol AS-IRG is mainly used for preparation C. I .83 organic yellow pigment which can be used to prepare organic yellow of other brands. Therefore, this factor is considered to be the major factor for segment growth during the forecast period. Owing to this factor, the application of naphthol AS-IRG as yellow 83 is being used in the textile dyeing industry. As per recent statistics, the global textile dyes industry accounted for almost USD 10 billion in 2021 which is further anticipated to grow to USD 16 billion by 2030 with a CAGR of 5%.

End-user (Plastics, Agriculture, Pharmaceutical, Chemicals, Textiles)

The global naphthol AS-IRG market is also segmented and analyzed for demand and supply by end-user into plastics, agriculture, pharmaceutical, chemicals, textiles, and others. Amongst these segments, the plastic segment is expected to garner a significant share of around 38% in the year 2037. The major factor for segment growth during the forecast period is the rising plastic production and the growing need for plastic products by the global population. As per the latest reports by Organization for Economic Co-operation and Development, it was estimated that global plastic production from 2000 to 2019 stood up at approximately 460 million tons.

Our in-depth analysis of the global market includes the following segments: