1 Global Quinacridone Pigments Market Size (Value) and CAGR (2024-2033)
In 2024, the global Quinacridone Pigments market was valued at USD 326.97 million, with a CAGR of 3.93% from 2024 to 2033.
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.
Figure Global Quinacridone Pigments Market Size (M USD) and CAGR 2024-2033
2 Quinacridone Pigments Market Drivers
One of the primary drivers is the rapid development of the automotive coatings industry. Automotive coatings are a crucial market for high-performance organic pigments, as they require pigments with high weather resistance and vividness. Quinacridone Pigments, known for their excellent fastness properties, are widely used in automotive coatings. The growth of the automotive industry in emerging economies such as China and India, coupled with the modernization of the automotive industry in developed regions like Europe and North America, is expected to drive the demand for Quinacridone Pigments.
Another significant driver is the evolution of the ink industry. Traditional applications of inks were primarily in newspapers and publications, but the industry has expanded to include food packaging, express delivery, and digital printing. These applications require pigments with superior color performance and fastness, making Quinacridone Pigments an ideal choice. The trend towards high-end digitalization, environmental protection, and low energy consumption in the ink industry is also expected to create growth opportunities for the Quinacridone Pigments market.
The plastics industry is another major driver of the Quinacridone Pigments market. The global production of plastics has increased significantly over the past decades, driven by the material’s durability, low cost, and ease of processing. The demand for plastic colorants has also risen, with Quinacridone Pigments being a preferred choice due to their ability to provide vibrant and durable colors. The trend of “replacing steel with plastic” in various industries, such as automotive, home appliances, and construction, is expected to further drive the demand for Quinacridone Pigments.
3 Quinacridone Pigments Market Limitations
One of the primary challenges is the technical complexity involved in the production process. The synthesis of Quinacridone Pigments is only one step in the production process; additional pigmentation treatment is required to achieve specific properties and meet application requirements. This process involves adjusting the physical and surface properties of pigment particles, which directly affects the final product’s performance and market competitiveness. As a result, manufacturers need strong research and development capabilities to produce high-quality Quinacridone Pigments.
Another significant limitation is the sales network and customer resource barriers. Establishing a global sales network and accumulating high-quality customer resources takes time and effort. The performance, quality matching, and stability of Quinacridone Pigments can only be verified after a certain volume of production and supply. Changing pigment suppliers can pose high risks to downstream manufacturers, including potential product quality issues and uncertain delivery cycles. Therefore, downstream manufacturers tend to maintain long-term relationships with their suppliers, creating barriers for new entrants.
Raw material price fluctuations also pose a significant challenge. The production cost of Quinacridone Pigments is heavily influenced by the prices of basic chemical materials and various additives. Significant changes in raw material prices can adversely affect the profitability of manufacturers. If manufacturers cannot effectively transfer the increased costs to customers or mitigate the impact through technological innovation, their financial performance may suffer.
4 Global Quinacridone Pigments Market Size by Type in 2024
Red Pigments are one of the major types of Quinacridone Pigments, known for their vibrant red hues and excellent color fastness. These pigments are widely used in applications requiring high visibility and durability, such as automotive coatings, printing inks, and plastics. In 2024, the market value of Red Pigments is forecasted to be 209.13 million USD. This segment is expected to maintain a strong market presence due to its versatility and high performance in various industrial applications. The growth of the Red Pigments segment is driven by the increasing demand from the automotive and plastics industries, where these pigments are used to achieve high-quality finishes and color stability.
Violet Pigments are another significant type of Quinacridone Pigments, characterized by their deep violet hues and robust color properties. These pigments are used in applications where a rich, deep color is required, such as in high-end printing inks, specialty coatings, and certain types of plastics. In 2024, the market value of Violet Pigments is projected to be 117.84 million USD. The demand for Violet Pigments is driven by the growing need for specialized color solutions in industries such as packaging, where vibrant and durable colors are essential for brand differentiation and consumer appeal.
Table Global Quinacridone Pigments Market Size by Type in 2024
Type | Market Size (M USD) 2024 |
Red Pigments | 209.13 |
Violet Pigments | 117.84 |
5 Global Quinacridone Pigments Market Size by Application in 2024
Printing Ink is one of the major applications of Quinacridone Pigments, utilizing these pigments for their vibrant colors and excellent fastness properties. In 2024, the market value for Quinacridone Pigments in Printing Ink is forecasted to be 176.47 million USD. This segment is expected to maintain a strong market presence due to the increasing demand for high-quality inks in digital printing, packaging, and commercial printing. The growth is driven by the need for durable and vibrant colors that can withstand various printing processes and environmental conditions.
Paints and Coatings represent another significant application area for Quinacridone Pigments. These pigments are used in automotive, industrial, and architectural coatings to provide long-lasting and vibrant colors. In 2024, the market value for Quinacridone Pigments in Paints and Coatings is projected to be 95.03 million USD. The demand for these pigments is driven by the automotive and construction industries, where durability and color stability are critical. The trend towards high-end, environmentally friendly coatings also supports the growth of this segment.
The Plastics Industry is another key application for Quinacridone Pigments, using these pigments to achieve vibrant and durable colors in various plastic products. In 2024, the market value for Quinacridone Pigments in the Plastics Industry is forecasted to be 40.84 million USD. The growth in this segment is driven by the increasing demand for colored plastics in consumer goods, automotive parts, and packaging materials. The trend towards lightweight and durable materials further supports the use of Quinacridone Pigments in the plastics industry.
Table Global Quinacridone Pigments Market Size by Application in 2024
Application | Market Size (M USD) 2024 |
Printing Ink | 176.47 |
Paints and Coatings | 95.03 |
Plastics Industry | 40.84 |
Textiles Industry & Others | 14.63 |
6 Global Quinacridone Pigments Market Size by Region in 2024
North America is one of the largest markets for Quinacridone Pigments, driven by strong demand from the automotive, printing, and plastics industries. In 2024, the market value for Quinacridone Pigments in North America is projected to be 115.01 million USD. The region benefits from advanced technology, a mature industrial base, and high purchasing power. The growth is supported by the automotive industry’s demand for high-performance pigments and the increasing focus on digital printing technologies.
Europe is another significant market for Quinacridone Pigments, with a projected market value of 93.31 million USD in 2024. The region’s market is driven by the automotive coatings, printing inks, and plastics industries. Europe benefits from strong technological capabilities and a focus on environmental sustainability. The growth is supported by the increasing demand for high-quality, environmentally friendly pigments and coatings.
China represents a rapidly growing market for Quinacridone Pigments, with a projected market value of 43.17 million USD in 2024. The Chinese market is driven by the expanding automotive, plastics, and coatings industries. China’s rapid industrialization and urbanization have increased the demand for durable and high-performance pigments. The growth is supported by government policies promoting technological innovation and environmental protection.
Figure Global Quinacridone Pigments Market Size by Region in 2024
7 Major Players in Global Quinacridone Pigments Market
7.1 Sun Chemical (DIC)
Company Profile:
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. Established in 1945 and headquartered in the USA, Sun Chemical operates globally, offering a wide range of pigments for architectural and industrial coatings, automotive coatings, cosmetics, inks, and more.
Business Overview:
Sun Chemical is renowned for its innovative solutions and high-quality products. The company’s extensive research and development efforts have led to the creation of advanced pigments that meet the highest standards of performance and sustainability. Sun Chemical’s global presence allows it to serve a diverse customer base across various industries.
Product Introduction:
One of Sun Chemical’s flagship products is Cinquasia® Magenta D 4535, a quinacridone-based bluish process magenta organic pigment. This pigment combines outstanding tinctorial properties with excellent rheology in acrylate systems, offering outstanding resistance to light, weather, heat, and chemicals. It is used in solvent-based and UV-curable inkjet inks.
Recent Financial Data:
In the most recent year, Sun Chemical reported a production value of 131.56 million USD, with a gross margin of 25.62%.
7.2 Heubach
Company Profile:
Heubach GmbH, established in 1806 and headquartered in Germany, is a leading producer of organic and inorganic color pigments. The company has a global sales network and is known for its high-quality products and innovative solutions. Heubach’s pigments are used in a variety of applications, including powder and decorative coatings, packaging and laminated inks, engineering plastics, polystyrenics, paper, and latex gloves and balloons.
Business Overview:
Heubach’s business is characterized by its commitment to quality, innovation, and sustainability. The company invests heavily in research and development to create pigments that meet the evolving needs of its customers. Heubach’s global presence and extensive product portfolio make it a key player in the Quinacridone Pigments market.
Product Introduction:
One of Heubach’s notable products is HOSTATINT SI QUINACRIDONE RED QR Pigment Violet 19. This solvent-borne pigment dispersion is based on a thermoplastic acrylic resin and is used for coloring solvent-based industrial, OEM, maintenance, and wood coatings. It offers excellent fastness properties and is matched to current industry standards.
Recent Financial Data:
In the most recent year, Heubach reported a production value of 105.69 million USD, with a gross margin of 25.43%.
7.3 Lily Group Co., Ltd.
Company Profile:
Lily Group Co., Ltd., established in 1989 and headquartered in China, is a leading chemical manufacturing company. The company specializes in the production of pigments for inks, coatings, plastics, and intermediates. Lily Group has a strong presence in Asia, Europe, and America, offering a wide range of high-performance pigments.
Business Overview:
Lily Group’s business is characterized by its focus on innovation and customer satisfaction. The company invests in advanced technologies to produce pigments that meet the highest standards of quality and performance. Lily Group’s global reach and diverse product portfolio make it a significant player in the Quinacridone Pigments market.
Product Introduction:
One of Lily Group’s key products is Quinacridone Red 1171 [P.R.122]. This pigment is known for its excellent color fastness and durability, making it suitable for various applications in inks, coatings, and plastics.
Recent Financial Data:
In the most recent year, Lily Group reported a production value of 13.16 million USD, with a gross margin of 25.10%.