New York, United States, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Irrespective of the uncertainties posed by the COVID-19 pandemic, such as the economic slowdown of major economies, the negative and positive impact of low crude oil prices, fluctuations in the value of the US dollar, the high growth rate of the US automotive and construction industries, the tenuousness of various European nations' recovery, and developments in regulatory norms globally, the global market has grown moderately in recent years. As a result of this rising demand, the market for quinacridone pigments is expected to expand rapidly.
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Increasing Advertising Efforts by the Companies to Surge the Demand for Quinacridone Pigments
The advertising needs from the global companies and substantial technology proliferation are fueling the market expansion. Businesses are increasingly using commercial printers since they are more cost-effective and efficient for bulk printing. Another growth-inducing element is the widespread usage of high-quality printed package material for advertising and branding. Another aspect driving market expansion is the consistent demand for physical hardbound books.
Commercial printing suppliers are also expanding their offerings to include media and document management, allowing enterprises to improve their distribution and promotion capabilities for print and non-print products. Furthermore, green commercial printers that employ eco-friendly paper, inks, coatings, and chemicals and promote waste reduction and reuse are expected to push market expansion even further.
The introduction of several innovative manufacturing processes and technology has aided businesses in reducing various potential negative repercussions and optimizing their chances for growth in the ornamental and glaze products industries. Although these changes are quite recent, the industry has responded positively to these essential changes in market conditions.
Innovative formulation methods have considerably aided in meeting a wide range of new and diversified customer needs during the last decade. Recent advancements include anticorrosive protection, low-VOC content coatings, and nano-coating. Nanotechnology's debut has had a massive impact on the industry. In addition to zero or low-VOC formulations, industry companies have employed this technology to create nano paints and coatings. It entails the incorporation of ceramics or metals into diverse compositions.
Report Scope
| Report Metric | Details |
| Market Size | USD 539.04 million by 2030 |
| CAGR | 6.1% (2020-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, End-User, and Regions |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Sun Chemical (DIC), Clariant AG, Wenzhou Jin Yuan Chemical, Heubach GmbH, Trust Chem, Lona Industries, Pidilite |
| Key Market Opportunities | Innovation in Quinacridone Pigments Market to Create New Growth Opportunities |
| Key Market Drivers | Introduction of New Technologies to Surge the Demand for Quinacridone Pigments High Variations within the Printing Ink Prices to Restrict Market Growth |
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Impact of COVID-19
The pandemic disturbed the functioning of all the businesses around the world. The unpredicted outbreak caused a tremendous social, health, and economic emergency. The decreased supply of the quinacridone pigments affected the food and beverage, agricultural, pharmaceuticals, cosmetics, personal care, sports, and medicine sectors. Due to the travel restrictions, people were stuck in their homes, and attending laboratories and offices became an issue. Furthermore, the supply chain was severely affected due to the regulations and safety protocols undertaken by governments worldwide. All these factors highly affected the demand and supply chain of quinacridone pigments.
Due to a scarcity of raw materials for research and development and production, research and development operations in the healthcare industry have been severely hampered. Demand for quinacridone pigments has increased post-pandemic due to effective vaccination campaigns worldwide. Supply chains have effectively resumed operations after the second and third COVID-19 waves in most worldwide marketplaces. As the demand for pharmaceuticals, cosmetics, sports medicine, and personal care goods grows, so has the number of surgeries and, most crucially, the usage of quinacridone pigments.
Key Insights
- According to type, the global quinacridone pigments market is divided into PR122, PR202, PR282, PR206, PV19Υ, and PV19β. The PR122 segment pegged the largest share in the market in 2021.
- Based on the end-users, the global quinacridone pigments market is categorized as printing ink, digital printing, paints and coatings, plastics industry, textiles industry, and others. The printing ink and paintings and coatings were the two dominant segments of the market in 2021
- Geographically the market is divided into North America, Asia-Pacific, Europe, South America and the Middle East and Africa. Asia-Pacific has acquired almost 50% of the market share in 2021.
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List of Key Players
- Sun Chemical (DIC)
- Clariant AG
- Wenzhou Jin Yuan Chemical
- Heubach GmbH
- Trust Chem
- Lona Industries
- Pidilite
Global Quinacridone Pigments Market: Segmentation
By Type
- PR122
- PR202
- PR282
- PR206
- PV19Υ
- PV19β
By End-User
- Printing Ink
- Digital Printing
- Paints and Coatings
- Plastics Industry
- Textiles Industry
- Others
Regions Covered
- North America
- Europe
- Asia-Pacific
- South America and the Middle East and Africa
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Executive Summary
4 Market Overview
4.1 Report Segmentation & Scope
4.2 Value Chain Analysis: Quinacridone Pigments Market
4.2.1 Vendor Matrix
4.3 Key Market Trends
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Environment & Regulatory Landscape
4.6 Forecast Factors & Relevance of Impact
4.7 Macro-Economic & Geopolitical Scenario
4.8 Parent Market Overview
4.9 Technology Landscape
4.10 Market Share Analysis
4.11 Potential Venture Analysis
4.12 Regional Price Trends
4.13 Raw Material Trends
4.14 Cost Structure Analysis
4.14.1 Labor Cost
4.14.2 Consumables
4.14.3 Maintenance Cost
4.15 Covid-19 Impact Analysis:
4.15.1 Pre and Post Covid-19 Market Scenario Analysis
4.15.2 Market Recovery Timeline and Challenge
4.15.3 Measures Taken by Top Players
4.15.4 Quarterly Market Revenue and Growth Forecast till 2021
4.15.4.1 North America
4.15.4.2 Europe
4.15.4.3 Asia-Pacific
4.15.4.4 Central and South America and the Caribbean
4.15.4.5 The Middle East and Africa
5 Type Overview
5.1 Introduction
5.1.1 Market Size & Forecast (Value & Volume)
5.2 PR122
5.2.1 Market Size & Forecast (Value & Volume)
5.3 PR202
5.3.1 Market Size & Forecast (Value & Volume)
5.4 PR282
5.4.1 Market Size & Forecast (Value & Volume)
5.5 PR206
5.5.1 Market Size & Forecast (Value & Volume)
5.6 PV19Υ
5.6.1 Market Size & Forecast (Value & Volume)
5.7 PV19β
5.7.1 Market Size & Forecast (Value & Volume)
6 End User Overview
6.1 Introduction
6.1.1 Market Size & Forecast (Value & Volume)
6.2 Printing Ink
6.2.1 Market Size & Forecast (Value & Volume)
6.3 Digital Printing
6.3.1 Market Size & Forecast (Value & Volume)
6.4 Paints and Coatings
6.4.1 Market Size & Forecast (Value & Volume)
6.5 Plastics Industry
6.5.1 Market Size & Forecast (Value & Volume)
6.6 Textiles Industry
6.6.1 Market Size & Forecast (Value & Volume)
6.7 Others
6.7.1 Market Size & Forecast (Value & Volume)
7 Regional Overview
7.1 Introduction
7.1.1 Market Size & Forecast (Value & Volume)
7.2 North America
7.2.1 Economic Overview
7.2.2 Market Scenario
7.2.3 U.S.
7.2.4 Canada
7.2.5 Mexico
7.3 Central and South America and the Caribbean
7.3.1 Economic Overview
7.3.2 Market Scenario
7.3.3 Brazil
7.3.4 Argentina
7.3.5 Colombia
7.3.6 Rest of Central and South America and the Caribbean
7.4 Europe
7.4.1 Economic Overview
7.4.2 Market Scenario
7.4.3 Germany
7.4.4 France
7.4.5 The U.K.
7.4.6 Italy
7.4.7 The Rest Of Europe
7.5 Asia-Pacific (APAC)
7.5.1 Economic Overview
7.5.2 Market Scenario
7.5.3 China
7.5.4 Japan
7.5.5 India
7.5.6 Australia
7.5.7 South Korea
7.5.8 Rest Of APAC
7.6 Middle East
7.6.1 Economic Overview
7.6.2 Market Scenario
7.6.3 South Arabia
7.6.4 The UAE
7.6.5 Qatar
7.6.6 Oman
7.6.7 Turkey
7.6.8 The Rest Of Middle East
7.7 Africa
7.7.1 Economic Overview
7.7.2 Market Scenario
7.7.3 Nigeria
7.7.4 South Africa
7.7.5 The Rest Of Africa
8 Competitive Landscape — Manufacturers & Suppliers
8.1 Competition Dashboard
8.2 Industry Structure
8.3 Sun Chemical (DIC)
8.3.1 Business Overview
8.3.2 Financial Performance
8.3.3 Recent Developments
8.3.4 Portfolio
8.4 Clariant AG
8.5 Wenzhou Jin Yuan Chemical
8.6 Heubach GmbH
8.7 Trust Chem
8.8 Lona Industries
8.9 Pidilite
9 Conclusion & Recommendation
10 Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/quinacridone-pigments-market/toc
Market News
- In May 2017, Sun Chemical's newest Quinacridone pigment delivered highly pigmented bases in low-VOC, high-solid coatings. Suitable for water and solvent-borne systems, Quindo Magenta 202 enables excellent styling for highly transparent and chromatic effect shades with exceptional durability and fastness properties for automotive and high-performance coatings. Its low rheology provides easy formulating using one product for all systems.
News Media
3D Printing an Emerging Technology for Dentistry and Dental Surgery
Increasing Advertising Efforts by the Companies to Surge the Demand for Quinacridone Pigments
Architectural Applications to Revolutionize the Global Paints and Coatings Market During the Forecast Period, 2019–2026
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