Global Quinacridone Pigments market will reach 336.60 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/26

The global market for Quinacridone Pigments is expected to reach about 336.60 Million USD by 2025 from 264.16 Million USD in 2018, registering a Compounded Annual Growth Rate (CAGR) of 3.52% during the analysis period, 2018-2025.

The growing demand for Quinacridone is expected to remain the same over the next few years. Its use as an automobile coating is one of the drives of the market. The wide range of colors and its brightness is what attracts consumers. The automobile industry is continually growing in developing countries, and this is expected to drive the Quinacridone pigment market. Along with the automobile sector the textile as well as the plastic market is growing which will further fuel the Quinacridone market. The growth in these industries is due to the excess spending power of consumers, the growing constructions in developing countries, the need for a higher standard of living of consumers accelerates the market for quinhacridone pigments. Quinacridone pigments also are used as printing ink owing to its small particle size. Hence it is widely used in the book, magazine and newspaper printing industries. Demand for printing ink is also in offices and firms for printing documents.

The key players are BASF, Clariant, Sun Chemical (DIC), Wenzhou Jin Yuan Chemical, Heubach, Trust Chem, Lona Industries, Pidilite Industries and so on. The industry is relatively concentrate, the top three bands of BASF, Clariant and Sun Chemical (DIC) account for more than 58% revenue market share in 2018.

Price in US and EU is much higher than that of China and other developing countries due to their high quality and powerful functionalities. Developing countries such as China is more likely to attract more investment opportunity for their potential demand.

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