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Quinacridone Pigments Market Size
Quinacridone Pigments Market size was valued at around USD 354.2 million in 2022 and is estimated to register over 6.7% CAGR between 2023 and 2032. Quinacridone pigments offer a wide spectrum of colors, from reds and pinks to violets and blues. This versatility makes them suitable for various industries, including paints, inks, plastics, and textiles, accelerating the global market growth.
Quinacridone pigments are popular among artists and designers due to their pure color tones and lightfastness, making them ideal for high-quality paints and coatings. Quinacridone pigments' consistent color properties are beneficial for automotive and industrial coatings, maintaining color integrity over time.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 354.2 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.7% |
| 2032 Value Projection: | USD 674.9 Million |
| Historical Data for: | 2018 to 2032 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 191 |
| Segments covered: | Color, Form, End-use, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The production of high-quality quinacridone pigments can be complex and resource-intensive, leading to higher manufacturing costs. Adhering to strict regulatory standards for pigments in various applications, such as cosmetics and food packaging, can be challenging. The pigment industry faces scrutiny over environmental impacts, such as waste disposal, emissions, and water usage. Thus, the risks associated with Quinacridone pigments may drive down the acceptance rate, further hampering the business gro
COVID-19 Impact
Manufacturing facilities may have experienced slowdowns or temporary shutdowns due to workforce shortages, social distancing measures, and lockdowns, affecting production volumes and timelines. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the quinacridone pigments industry growth in the upcoming years.
Quinacridone Pigments Market Trends
Increasing awareness of environmental sustainability has led to a growing demand for eco-friendly and non-toxic pigments. Quinacridone pigments, which are known for their synthetic origin and color stability, might see increased adoption as alternatives to traditional organic pigments that might have environmental concerns. Customization is a prevailing trend across industries. Pigment manufacturers are focusing on offering a wide range of quinacridone pigment shades to cater to individual preferences and artistic needs, contributing to greater color diversity in various applications. Thus, the growing prevalence is expected to expedite the global market growth.
Quinacridone Pigments Market Analysis
Based on color, the quinacridone pigments market is segmented as red, violet/blue, pink. Red held a majority market value of USD 136.2 million in 2022. The fashion industry's color trends impact the demand for red quinacridone pigments, especially for clothing, accessories, and textiles. Red is popular in lipsticks, blushes, and other cosmetics, driving the demand for these pigments in the cosmetics industry. Moreover, an increasing usage will further accelerate the segmental growth.
Based on form, the quinacridone pigments market is segmented as powder form, dispersions/suspensions. Powder Form held a dominant market share of around 60% in 2022 and is expected to grow at a lucrative pace through 2032. Powder form quinacridone pigments are commonly used in the paints and coatings industry, where they are easily incorporated into formulations to achieve desired colors and effects.
Based on end-use, the quinacridone pigments market is segmented as paint and coatings industry, plastics industry, printing and packaging industry, textile industry, cosmetics industry. Paint and Coatings Industry held a dominant market share in 2022 and is anticipated to grow at 6.5% CAGR through 2032. Quinacridone pigments' high color intensity and lightfastness make them ideal for architectural paints, automotive coatings, industrial coatings, and artistic paints. Thus, the high-quality services and growing usages are anticipated to expedite the business growth.
U.S. dominated the North American region with majority market share and a revenue of USD 68.7 million in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America's construction and renovation activities drive the demand for architectural paints and coatings, where quinacridone pigments are used for their color vibrancy and longevity.
Quinacridone Pigments Market Share
Some of the major players operating in the Quinacridone pigments market are
- BASF SE
- Clariant AG
- DIC Corporation
- Huntsman Corporation
- Lanxess AG
- Kronos Worldwide, Inc.
- Sun Chemical Corporation
- Sudarshan Chemical Industries Ltd.
- Heubach GmbH
- Trust Chem Co., Ltd.
- Synthron
- Ferro Corporation
- Dainichiseika Color & Chemicals Mfg. Co., Ltd.
- Tokan Material Technology Co., Ltd.
- Trust Chem Europe B.V
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Quinacridone Pigments Industry News:
- In November 2022, Sun Chemical added six new plant-derived natural colorants and functional ingredients to its famous SunPURO® line, expanding its already extensive color palette.
Quinacridone pigments market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:
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Market, By Color
- Red
- Violet/Blue
- Pink
Market, By Form
- Powder Form
- Dispersions/Suspensions
Market, By End-use
- Paint and Coatings Industry
- Plastics Industry
- Printing and Packaging Industry
- Textile Industry
- Cosmetics Industry
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
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