Acid Violet 43 Market: Outlook
The growing trend of coloring hair has fuelled the demand for acid violet 43 all over the world. Acid violet 43 is a chemical compound. In physical form, it is dark violet crystalline powder. Acid violet 43 is also known as “Jarocol Violet 43” and “External D&C Violet No. 2”. These are the trade names and are given by the Food and Drug Administration agency (US). “Ext” means for external use only and “D&C” means for Drug and Cosmetic applications. Acid violet 43 is used in the cosmetic industry for various formulations such as coloring rinses, colors, and hair dyes. It can be used in any cosmetic products except those that come into contact with mucous membranes such as eyeliners and lipsticks.
The demand for acid violet 43 is high in the U.S. and China, but gradually the demand for acid violet 43 is increasing worldwide.
Growing Use of Acid Violet 43 as a Coloring Agent in the Cosmetic Industry
Acid violet 43 is used as a colorant in a wide variety of cosmetic products including hair dyes and coloring rinses. Acid violet 43 can be used alone or with some other ingredients. It gives color to various personal care and cosmetic products such as hair products, nail polishes, body washes, soaps, moisturizers, and deodorants/antiperspirants. Due to increasing applications in cosmetic and personal care products, it is expected that the global acid violet market is expected to witness significant growth in the future.
Global Acid Violet 43 Market: Segmentation
By packaging, the global acid violet 43 market has been segmented as-
- PET Bottles packaging
- HDPE Drums
- Carton packaging
By functions, the global acid violet 43 market has been segmented as-
- Hair Dyeing
By applications, the global acid violet 43 market has been segmented as-
- Hair dyes
- Bubble bath
- Nail polishes
Global Acid Violet 43 Market: Key Players
Some of the key players operating in Acid violet 43 market are Deepak Chemtex Private Limited., TCI EUROPE N.V., Aurora Fine Chemicals LLC, Glentham Life Sciences ltd., TCI (Tokyo Chemical Industry), AK Scientific, Inc. (AKSCI), Vivimed Labs Ltd., J & K SCIENTIFIC LTD., Chromatech Incorporated, and Winchem Industrial Co. Ltd. The cosmetic chemicals manufacturers are showing a keen interest in introducing acid violet 43 into their product portfolio, which is also expected to contribute to the growth of the market during the forecast period.
Opportunities for Market Participants:-
The growing trend of coloring hair has fuelled the demand for acid violet 43 all over the world. The product has a unique property of hiding yellow tints, which are often seen in grey or bleached hair; acid violet 43 gives a violet tint to the neutralize yellow hair. In addition, acid violet 43 is used in various personal care and beauty products such as nail polishes, bath soaps, shampoos, conditioners, moisturizers, deodorants, and bubble baths. With the growing consumption of cosmetic and personal care products globally, there the market for acid violet 43 is expected to witness significant growth during the forecast period. Acid violet 43 is water soluble and gives a dark purple shade even at a very low concentration. Due to this factor acid violet 43 is used in less quantity, which is expected to increase their demand. Bound to the above factors, the global acid violet 43 market is expected to grow positively in the upcoming years.
Global Acid Violet 43 Market: Regional Outlook
The key producers of acid violet 43 are China, the U.S., and Italy. The major demand for acid violet 43 is from North America and Europe. The increasing demand for acid violet 43 in these regions can be attributed to various factors such as modernization, spreading trend of coloring hair in these regions. In the Asia Pacific region, the demand for the product is also expected to be surge during the forecast period.
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