Naphthol AS-IRG Market Size

Naphthol AS-IRG Market size was over USD 148.68 Million in 2023 and is anticipated to reach USD 324.99 Million by the end of 2036, growing at around 6.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of naphthol AS-IRG is assessed at USD 156.98 Million. The primary growth factor for the rapid expansion of the global market during the forecast period is the increase in the growth of the global construction industry. Naphthol AS-IRG is used with other intermediates to manufacture quality buildings, infrastructures, and other construction projects owing to the advantages offered by naphthol AS-IRG such as durability, tensile strength, versatility, and others. Thus, the rapid growth in the construction industry is expected to increase the utilization rate of naphthol AS-IRG in the forecast period. As per the statistics, the global construction industry generated revenue that amounted to almost USD 8 trillion in 2022 and is further expected to further grow and reach USD 17 trillion by 2029, with a CAGR value of 7%.

Naphthol AS-IRG is a chemical compound with the formula C10H6(OH)C(O)NHC6H5. It is the anilide of 3-hydroxy-2-carboxynaphthalene and has many interesting chemicals composition which makes it an ideal component in various applications of numerous end-use industries. Naphthol AS-IRG is considered to be insoluble azo dyes that are applied to cellulosic fibers by impregnation in a naphthol solution and subsequent coupling with a color salt.  This factor is anticipated to increase the utilization rate of naphthol AS-IRG in the textile industry. The other properties of naphthol AS-IRG apply to other industries such as plastics, agriculture, pharmaceutical, chemical, textile, and other sectors. Such versatility of naphthol AS-IRG is anticipated to create favorable opportunities for market growth during the forecast period.