Global Quinacridone Pigments Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Quinacridone Pigments Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Quinacridone is a pigmented chemical molecule. The quinacridone pigment family includes several derivatives widely used in industrial colorant applications, such as tough outdoor paints, inkjet printer ink, tattoo ink, painters' watercolor paints, and color laser printer toner. Quinacridone pigments generate beautiful colors, have high tinting power and excellent fastness qualities, and are as durable as petrochemical-based pigments. They are utilized in various automotive, industrial, ornamental coatings, plastics, and printing applications.

Market Overview:

The latest research study on the global Quinacridone Pigments market finds that the global Quinacridone Pigments market reached a value of USD 298.23 million in 2022. It’s expected that the market will achieve USD 380.85 million by 2028, exhibiting a CAGR of 4.16% during the forecast period.

The Development of Automotive Coatings Industry

Automotive coatings are an important market for high-performance organic pigments. Automotive coatings are divided into bottom-layer electrophoretic coatings and automotive topcoats, and automotive topcoats are further divided into intermediate coatings, primers, and shading varnishes. Automotive coatings have high requirements on the weather resistance and vividness of pigments, so there is a high demand for high-performance organic pigments. High-performance organic pigments include Quinacridone Pigments, which are widely used in the automotive field due to their good fastness properties. In addition, with the acceleration of industrialization and urbanization in emerging economies such as China and India, consumption in the terminal fields such as automobiles and construction continues to grow. It is expected that with the growth of electric vehicle sales in the European and American markets and the modernization of the automotive industry in emerging economies such as China and India, automotive coatings will have great potential for development. Hence, this is expected to drive the growth of the Quinacridone Pigments industry.

Development of ink industry

In the past, the traditional application fields of inks were mainly in newspapers and publications, and the categories were mainly classic organic pigments. At present, food packaging and express delivery have gradually grown into the largest application fields, which put forward higher requirements for the performance and quality of organic pigments. Due to its excellent color performance and fastness performance, Quinacridone Pigments are widely used in food, beverage, tobacco, wine, toys and other packaging printing, composite floor and furniture surface printing, digital printing, etc. The enhancement of Internet printing functions, the increase in the number of fast printing shops, and the popularity of computers in companies and homes have led to the rapid expansion of the application scope of digital printing inks worldwide. At the same time, with the increasing attention to ecological pollution in various countries and the rapid development of the packaging and decoration industry, environmentally friendly inks such as vegetable inks and water-based inks are becoming more and more popular. Therefore, the global ink industry will be in the transition towards high-end digitalization, environmental protection and low energy consumption in the future. This developing trend will also bring growth opportunities for the Quinacridone Pigments market.

Region Overview:

In 2021, the share of the Quinacridone Pigments market in North America stood at 39.78%.

Company Overview:

The major players operating in the Quinacridone Pigments market include Sun Chemical (DIC), Heubach, Lily Group Co.,Ltd., Pidilite Industries, Trust Chem, etc. Among which, Sun Chemical (DIC) ranked top in terms of sales and revenue in 2022.

Sun Chemical, a member of the DIC group, is a leading producer of packaging and graphic solutions, color and display technologies, functional products, electronic materials, and products for the automotive and healthcare industries. Sun Chemical also develops a wide range of pigments for architectural and industrial coatings, automotive coatings, cosmetics, inks and more.

Heubach GmbH produces organic and inorganic color pigments. The Company color pigments are used in products including powder and decorative coatings, packaging and laminated inks, engineering plastics and polystyrenics, paper and latex gloves and balloons.

Segmentation Overview:

According to the different colors of Quinacridone Pigments products, it is divided into Red Pigments and Violet Pigments. By type,Red Pigments segment accounted for the largest share of market in 2021.

Application Overview:

Printing Ink
Printing Ink is mainly composed of pigments, resins, and additives, among which pigments account for about 10%-20% of the components of Printing Ink. Quinacridone Pigments can be used as raw materials for the production of Printing Ink.

Paints and Coatings

Paints and Coatings are materials coated on the surface of industrial products and buildings for protection, decoration, and other special functions, and are widely used in the fields of industry and construction. Paints and Coatings are generally produced and processed from four major categories of substances, film-forming substances, pigments/fillers, dispersion media, and additives, through certain processes. Pigments/fillers are mainly used for coloring and improving the performance of the coating film, and enhancing the protection, decoration, and anti-rust functions of the coating film. Quinacridone Pigments can be used as raw materials for the production of Paints and Coatings.

Plastics Industry

Plastic coloring usually uses masterbatches. Color masterbatch is a new type of polymer composite coloring material prepared by various processes with synthetic resin as the carrier, adding a high proportion of pigments and dispersants, and other additives. The pigment is the basic component of masterbatch, and its content is generally between 20% and 80%. Therefore, the plastic industry is one of the downstream application industries of Quinacridone Pigments.

Textiles Industry & Others

Quinacridone Pigments can be used in Textiles Industry as dyeing material.

The market's largest segment by application is the segment Printing Ink, with a market share of 51.89% in 2021.

Key Companies in the global Quinacridone Pigments market covered in Chapter 3:

Trust Chem
Sun Chemical (DIC)
Lily Group Co.,Ltd.
Lona Industries
Pidilite Industries
Wenzhou Jin Yuan Chemical
Heubach

In Chapter 4 and Chapter 14.2, on the basis of types, the Quinacridone Pigments market from 2018 to 2029 is primarily split into:

Red Pigments
Violet Pigments

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Quinacridone Pigments market from 2018 to 2029 covers:

Printing Ink
Paints and Coatings
Plastics Industry
Textiles Industry & Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)