Quinacridone Pigments Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4010
Quinacridone Pigments Market size is projected to register substantial gains from 2019 to 2025 owing to its extensive applications in the paints and coatings industry. Paints and coatings are used to protect the products or material from corrosion, UV radiations and give an aesthetic appeal. Quinacridone pigment is used majorly to impart such properties to various coating and paints that are being used for various architectural and industrial applications. Quinacridone is an in inorganic molecule and it is primarily being used to manufacture organic pigment. It is a type of synthetic pigment and due to its linear form, these are majorly preferred for the commercial applications. Quinacridone pigment is used to produce majorly seven types of intense and bright colors ranging from vibrant purple to bright yellow. These pigments are preferred over the others due to their excellent heat resistance, high transparencies, good tinting value and other working properties.
Rising need for infrastructure investment in order to cater the demand generated from rising population will propel the product market as it is used in various architectural as well as industrial coatings. Currently, USD 79 trillion of investment is done in infrastructure sector across the globe and still USD 94 trillion of investment is needed for further to fill the gap. The majority of investment required is from emerging economies such as Brazil, China, Mexico and India. Quinacridone pigments are used majorly in automobiles although the growth of conventional light commercial vehicle is slowed but due to rising environmental concerns the demand of electric vehicles is increasing in European countries and in China as well. It is being used in both the exterior and interior part of the automobile in order to impart the good appearance and protection. The product is also used in textile industry as well and countries such as India is making a remarkable growth in these sectors. All these factors are expected to prevail and will drive the quinacridone pigments market towards a positive direction.
The major application of the quinacridone pigments market are in ink industry, paints & coatings, plastics and textile industry and others. The others include the product usage in the artists paints which include acrylics, oil and watercolors. The product is being used majorly in the printing inks when the solubilizing surfactants are being made to functionalize with the nano crystalline dispersions, also these are preferred to be used in inks due to smaller particle size. Thus, it is widely used in newspaper, magazine and book printing industry. Increasing demand for printing inks in offices and firms due to prosperous growth service sector will augment the quinacridone pigments market market growth in coming years. Quinacridone pigments are the are being manufactured as saturated, potent and strong tinting colorant thus making it suitable to be used as dye as all type of textiles will take up the color easily.
On the basis of region, Asia Pacific is expected to hold significant share in the quinacridone pigments market due to extensive presence of automobile manufacturing, construction & infrastructure, textile and various other industries in region. Implementation of various policies to increase industrial investment in countries such as Malaysia and Indonesia in order to take advantage of the U.S. China trade war will escalate the demand of product in region. Europe and North America will show a slow growth rate due to their matured market and stagnant demand of automobiles. The demand from Middle East and Latin America will propel as per capita income is expected to increase in these regions over forecast timeframe.
Increasing environmental concerns will catapult the demand for using more ecofriendly raw materials and thus the major players are adopting such ways for producing product. For instance, Clariant has started producing the quinacridone based on bio-succinic acids which is an ecofriendly product. Some of the major player in quinacridone pigments market are Clariant International, BASF SE, Heubach, Kolor Jet Chemical, DIC Corporation, Trust Chem, Jaysynth Dyestuff etc.
Quinacridone Pigments Market, By Application, 2014-2025 (Kilo Tons) (USD Million)
- Ink Industry
- Paints & coatings
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Kolor Jet Chemical
- DIC Corporation
- Trust Chem
- Jaysynth Dyestuff
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