Quinacridone Pigments Market Analysis

Quinacridone Pigments Market Analysis

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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.