The global Acid Orange 3 market size is expected to reach USD 335.1 Million in 2030 and register a revenue CAGR of 8.5% over the forecast period, according to a latest report by Reports and Data. Rising demand for Acid Orange 3 dyes in the textile industry and increasing adoption of Acid Orange 3 as biological stains are expected to drive market revenue growth during the forecast period. Increasing use of Acid Orange 3 in detection of cancer is expected to boost growth of the Acid Orange 3 market in the near future. Orange G, a biological stain made from Acid Orange 3 is used for the detection of keratinizing squamous cancer on regions of the body that do not have keratin. This has led to increased adoption of Acid Orange 3 in research institutions. Acid Orange 3, a food-grade color dye is widely used in the food & beverage industry, owing to its easy availability and durable, bright colors, which makes it an essential material during the manufacture of candies, aerated drinks, and fruit juices, which increases demand for Acid Orange 3. This is expected to drive revenue growth of the market in the near future. Additionally, increasing adoption of Acid Orange 3 owing to its color retention properties has led to its increased demand. This is expected to drive revenue growth of the market.

However, concerns regarding the harmful side-effects observed in people consuming foods with Acid Orange 3 food dye are some factors that could hamper the market's revenue growth during the forecast period. Acid Orange 3, the first commercially available food-grade dye has had several detrimental health effects on its consumers. This has led to imposition of strict regulations and standards by the regulatory authorities, which is expected to restrain the market revenue growth.

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The global materials & chemicals industry has gained impetus over recent years, owing to factors such as rising demand for essential consumer products including food & beverages, cosmetics, and personal care & hygiene products, and increasing use of chemicals and raw materials in the buildings & construction, agriculture, textiles, automotive, packaging, and several other industries. The rising focus of manufacturers on deploying environmentally sustainable materials and chemicals to augment industrial productivity and reduce carbon footprint is a major factor driving the growth of this industry. Rising consciousness about environmental conservation, the introduction of technologically advanced and organic chemical products, and the growing use of high-performance specialty chemicals further boost the industry revenue growth.

Polymers, dyes, lubricants, surfactants, resins, petrochemicals, bleaches, paints, plastics, soap, detergent, and acids are just a few of the chemicals and chemical products found in this industry. To improve the product's overall efficacy, magnetic, optical, structural, and catalytic qualities are all adjusted. Leading materials and chemicals sector players have challenged the status quo and created amazing inventions that have changed the course of history. Advances in the materials and chemicals industries may pave the way for other industries to grasp new forms of matter. It lays a firm foundation for the progress of society as a whole in this way.

Top Key Players:

Sigma-Aldrich Corporation, Vinayak Ingredients Pvt. Ltd., Megha International, Shramik Chemicals, Krishna Dyestuff Company, Asim Products, Ciech S.A., Merck KGaA, Mayur Dye Chem, Tokyo Chemical Industry Co., Ltd., Nitin Dye Chem Pvt. Ltd., Sterling Pigments & Chemicals, Aeromax Industries, and Magnil Dye Chem

Solubility (Revenue, USD Million; Volume in Units, 2018–2030)

Soluble in water
Insoluble in ethanol
Packaging (Revenue, USD Million; Volume in Units, 2018–2030)

HDPE bags
HDPE drums
Carton boxes
End-Use (Revenue, USD Million; Volume in Units, 2018–2030)

Cosmetics
Hair dying agents
Inks
Textiles
Medical
Food & Beverages
Others
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