A rise in the usage of Lithol Rubine BK pigment in the food, cosmetics, and printing industries, owing to its exceptional reddish dyeing property is expected to fuel the demand for Lithol Rubine BK over the forecast period. Moreover, rapid industrialization due to continuous growing economies in most emerging economies is expected to add to the growth of the Lithol Rubine BK Market over the forecast period.
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Lithol Rubine BK is a red shade azo dye or colour that contains calcium and aluminium ions. This pigment generally occurs in a red coloured powder or granular form. Lithol Rubine BK dyes are marginally soluble in hot water, but are completely insoluble when in they come contact with ethanol and cold water. Lithol Rubine BK dyes involve a wide range of applications such as adding a specific tone to paints, plastics, printing inks, and also for textile printing. Also, Lithol Rubine BK pigment has a large demand from the food sector when used as a food additive, particularly named ‘E-180’ for surface coating cheese products.
A rise in the industrial applications of Lithol Rubine BK pigment in the Asia Pacific region is estimated to considerably lift the azo dyes market over the forecast period.
However, the consumption of azo dyes has been banned in countries like Australia and New Zealand, due to diseases such as asthma, rhinitis, and other skin diseases like urticarial, etc. These factors are likely to hamper the demand for Lithol Rubine BK.
Europe as well as North America are expected to be leading markets for Lithol Rubine BK pigments, owing to the extensive demand for the coating of cheese products, particularly from countries like Italy, Spain, France, etc., which is expected to essentially drive the growth of the Lithol Rubine BK pigment market. Moreover, increasing applications Lithol Rubine BK toners, especially in the manufacturing of lip balms, coupled with the growth in the cosmetic industry, particularly in the European region, is further expected to fuel the Lithol Rubine BK market over the forecast period.
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On the other hand, Asia Pacific is anticipated to record the highest demand for Lithol Rubine BK during the forecast period. The rising demand for Lithol Rubine BK pigment from the industrial sector due to an increase in urbanized colonies, coupled with an increase in per capita disposal income, and the penetration of Lithol Rubine BK across emerging economies are expected to propel market growth.
Moreover, the improving sales of Lithol Rubine BK azo dye in countries such as Japan, China, India, and other ASEAN countries, due to an increase in the publication of colour magazines is also projected to enhance the market over the forecast period. Overall, the global Lithol Rubine BK market is expected to register significant growth over the forecast period.
Global Lithol Rubine BK market: Key Players
Some of the key players operating in the global Lithol Rubine BK market are: Noshly Pty. Ltd., Merck Group, DSM Nutritional Products AG, Hangzhou Dimacolor Imp. & Exp. Co., Ltd., Dystar India Private Limited, Zhejiang Shengda Charter Win Chemicals Co. Ltd, Ggink International Limited, Guangzhou Wisdom Bio-Technology Co., Ltd., Zhejiang Medicine Co. Ltd.
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