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.
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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.
Quinacridone Pigments Market, By Application, 2014-2025 (Kilo Tons) (USD Million)
- Ink Industry
- Paints & coatings
- Kolor Jet Chemical
- DIC Corporation
- Trust Chem
- Jaysynth Dyestuff
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Rising need for infrastructure investment in order to cater the demand generated from rising population will propel the quinacridone pigments 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 above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia
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