- Summary
- Table Of Content
- Methodology
Quinacridone Pigments Market Size:
The Quinacridone Pigments Market size is growing with a CAGR of 5.8% during the forecast period (2025-2032), and the market is projected to be valued at USD 668.09 Million by 2032 from USD 427.52 Million in 2024. Additionally, the market value for 2025 is attributed to USD 450.73 Million.
Quinacridone Pigments Market Scope & Overview:
Quinacridone pigments are a family of synthetic organic pigments that are mainly known for their intense, transparent colors and exceptional lightfastness. They are pigments that are used to make paints of high performance. The Quinacridone Pigments industry is categorized into type and application. The type segment is further classified into Quinacridone Red (PR209), Quinacridone Magenta (PR202), Quinacridone Rose (PV19), Quinacridone Gold (PO48), Quinacridone Burnt Orange (PO48), and others. Similarly, the application segment is classified into industrial coating, automotive coating, architectural paints, artistic paints, inkjet printing, cosmetic products, and others.
Quinacridone Pigments Market Dynamics - (DRO) :
Key Drivers:
Rise in the Non-Residential construction sector to Drive the Quinacridone Pigments Market Expansion.
Quinacridone pigments are ideally suited for use in various architectural paints applications in non-residential constructions mainly because of their exceptional properties that generally include weather fastness, superior lightfastness, and chemical resistance. This ensures that the vibrant colors and protective qualities of paints and coatings stay over long periods, even in challenging exterior environments. This durability is crucial for the longevity and aesthetic integrity of large-scale non-residential structures. The rise in the construction sector is influencing the use of these pigments.
For instance,
- According to the article published by Invest India, the robust growth of India's construction sector that includes non-residential construction grew by a CAGR of 15.7% in 2022.
Thus, the rise in the construction sector drives the quinacridone pigments market demand.
Growing Production of Machine Tools is Accelerating the Quinacridone Pigments Market Growth.
Machine tools are important in various manufacturing industries such as automotive, aerospace, and general metalworking. They mainly require durable finishes to protect against corrosion, wear, and tear, and to maintain brand image. Quinacridone pigments mainly provide exceptional properties such as lightfastness, weather fastness, chemical resistance, and vibrant color saturation. They are important for these demanding industrial coatings. The rise in production volume necessitates a corresponding increase in the consumption of these pigments to meet these coating requirements in the machine tool manufacturing sector.
For instance,
- According to the data published by the CECIMO, the rise in machine tools production has seen an increase of 19.7% in 2022.
Thus, the rise in the production of machine tools is influencing the rise in the use of these pigments.
Key Restraints:
Commercialization of Alternative Pigments to Hinder the Quinacridone Pigments Market Growth.
As manufacturers and consumers are increasingly looking for cost-effective or novel color solutions, the development and adoption of substitute pigments, that generally include advanced organic pigments or enhanced inorganic pigments, that generally offer unique functionalities, impede the market. Substitutes such as Azo pigments, anthraquinone pigments, and cadmium-free alternatives pose major competition to these pigments. For example, Azo gold is a good replacement for Quinacridone gold. Pyrrol crimson and Permanent Alizarin Crimson are good options for quinacridone red, while anthraquinone red is used as a substitute for quinacridone rose. Thus, the availability of these substitutes hinders the quinacridone pigments market expansion.
Future Opportunities :
The Rise in Automotive Aftermarket to Create Quinacridone Pigments Market Opportunities.
The rise in the automotive aftermarket, which encompasses the repair, maintenance, and customization of vehicles after their initial sale, is creating significant potential for the market. Quinacridone pigments are being used because of their outstanding lightfastness and weather fastness, guaranteeing that the repaired areas retain their color and gloss for an extended period. This prevents them from premature fading or chalking. The increasing trend of vehicle restoration, customization, and the general need for vehicle maintenance within the aftermarket influences the requirement for these pigments.
For instance,
- The data by Autocare states that, the United States light-duty automotive aftermarket experienced substantial expansion with an 8.6% growth in 2023, and projections indicate continued robust growth of 5.9% for the light vehicle aftermarket heading towards 2027.
Therefore, the expanding automotive aftermarket directly fuels a growing requirement and creates lucrative quinacridone pigments market opportunities.
Quinacridone Pigments Market Segmental Analysis :
By Type:
Based on Type, the market is categorized into Quinacridone Red (PR209), Quinacridone Magenta (PR202), Quinacridone Rose (PV19), Quinacridone Gold (PO48), Quinacridone Burnt Orange (PO48), and others.
Trends in Type:
- The growing trend for bright, and vibrant colors for ink applications is influencing the use of quinacridone red.
The Quinacridone Red (PR209) segment accounted for the largest Quinacridone Pigments market share in 2024 and is expected to grow at the fastest CAGR over the forecast period.
- Quinacridone Red is a synthetic pigment with a vivid red color. This type of pigment is mainly synthetic and produces intense red hues.
- It generally resists fading even under persistent exposure to sunlight. This makes them crucial for outdoor applications.
- This pigment generally finds its application in industrial & automotive coating, inkjet printer inks, and tattoo inks among others.
- The rise in the trend for tattoos is influencing the use of these pigments.
- For instance, the data by S. Food and Drug Administration, states that about 30% of all Americans, and 40% of those aged 18-34 years old, have at least one tattoo.
- This creates potential for the use of quinacridone red dyes safe tattoos.
- Thus, the aforementioned factors are driving the quinacridone pigments market trends at present and in the coming years.
By Application:
The Application segment is categorized into industrial coating, automotive coating, architectural paints, artistic paints, inkjet printing, cosmetic products, and others.
Trends in the Application
- There is a growing trend in the use of reliable and vibrant pigments for surface protection in harsh industrial environments.
- The growing trends for high quality digital printing are influencing the use of this compound.
The architectural paints segment accounted for the largest market share of 38.99% in 2024.
- In architectural paints, quinacridone pigments are widely utilized because of their properties to deliver lasting, vibrant color, and superior performance.
- This pigment is widely used for their ability to deliver vibrant, lasting color and superior performance, particularly in high-quality interior and exterior formulations.
- Their properties such as exceptional lightfastness make sure that painted surfaces, mainly those that are generally exposed to sunlight, resist fading over time, and maintain their original hue for years.
- These properties make them important for various applications.
- For instance, in the data published in the Paints Journal states that in the U.S. coating industry, the architectural paints segment accounted for 59%.
- Thus, as per the quinacridone pigments market analysis, the growing use of architectural paints is influencing segment growth.
The inkjet printing segment is expected to grow at the fastest CAGR over the forecast period.
- Quinacridone pigments are widely being used in various inkjet inks formulations because of their exceptional color properties.
- These properties are important for high-quality digital printing.
- Their inherent characteristics, such as superior lightfastness and weather fastness, ensure that printed images resist fading and degradation when exposed to light or environmental elements. This makes them ideal for durable prints.
- As a result, as per the market analysis, owing to the aforementioned factors, the inkjet printing segment is expected to be lucrative over the forecast period.
Regional Analysis:
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2024, Asia Pacific accounted for the highest quinacridone pigments market share at 41.56% and was valued at USD 177.68 million and is expected to reach USD 305.89 million in 2032. In Asia Pacific, China accounted for the market share of 41.22% during the base year of 2024. In the Asia Pacific region, the rise in the construction sector, consisting of both residential and non-residential segments, is significantly influencing the increased use of high-performance architectural paints, thereby driving requirement for quinacridone pigments. As urban development accelerates and infrastructure projects rise, there is a need for durable and aesthetically appealing coatings that withstand diverse environmental conditions and maintain their vibrant appearance over time. Additionally, the rise in investment in construction is influencing the use of this compound.
For instance,
- The data by India Brand Equity Foundation, states that the investment in construction (infrastructure) activity sectors stood at USD 26.76 billion between April 2000-September 2024.
Thus, as per the market analysis, the rise in construction activities is influencing the use of this compound in this region.
In Europe, the Quinacridone Pigments market is experiencing the fastest growth with a CAGR of 4.4% over the forecast period. The requirement for this compound in this region is influenced by the growing need for coating, mainly in the automotive sector, which is influencing the use of quinacridone pigments for their superior lightfastness, weather fastness, and vibrant color properties. Thus, as per the quinacridone pigments market analysis, the rapidly expanding automotive aftermarket in the region, fueled by a growing vehicle fleet and increasing demand for maintenance, repair, and customization, further influences the need for this pigment.
In North America, the production of machine tools is a fundamental indicator of the growth of the broader manufacturing sector. Industries like automotive, general industrial machinery, aerospace, and consumer goods heavily rely on machine tools for the precision manufacturing of components and finished products. As European automotive manufacturers continue to produce vehicles and demand innovative, high-quality finishes, the need for quinacridone pigments in automotive coatings increases. Thus, as per the market analysis, the use of these components is influencing the quinacridone pigments market trends in this region.
Quinacridone pigments are highly used in the artistic paints sector within Latin America, a segment that presents growing opportunities for the broader Quinacridone Pigments market. Artists across the region are looking for high-performance pigments that offer exceptional lightfastness, color vibrancy, and permanence, which are critical for fine art mediums like oils, acrylics, and watercolors. Quinacridones, known for their brilliant reds, violets, and oranges, coupled with their superior resistance to fading and environmental degradation, meet these demanding requirements. Thus, as per the market analysis, the need for these pigments is creating quinacridone pigments market demand in this region.
In the Middle East and Africa (MEA) cosmetics market, quinacridone pigments are finding increasing application, particularly as the region's beauty industry experiences a notable shift towards premiumization and vibrant color cosmetics. Consumers in MEA are increasingly looking for high-quality makeup products that offer intense color payoff, long-lasting wear, and aesthetic appeal. Quinacridone pigments, known for their exceptional vibrancy, lightfastness, and stability in various formulations such as lipsticks, blushes, and eye shadows, are ideally suited to meet this requirement. Thus, the rise in compounds, rising use in cosmetics is further contributing to the market share in this region.
Top Key Players and Market Share Insights:
The Global Quinacridone Pigments Market is highly competitive with major players providing products to the national and international markets. Key players are adopting several strategies in research and development (R&D) and product innovation to hold a strong position in the global Quinacridone Pigments market. Key players in the Quinacridone Pigments industry include
- Heubach GmbH (Germany)
- Trust Chem Co., Ltd. (China)
- Meghmani Group (India)
- HUPC Chemical Co., Ltd (China)
- Sun Chemical (United States)
- DCL Corporation (Canada)
- Lona Industries (India)
- Clariant AG (Switzerland)
- Sudarshan Chemical Industries Ltd (India)
Quinacridone Pigments Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 | USD 668.09 Million |
| CAGR (2025-2032) | 5.8% |
| By Type |
|
| By Application |
|
| By Region |
|
| Key Players |
|
| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage |
|
Key Questions Answered in the Report
How big is the Quinacridone Pigments market? +
In 2024, the Quinacridone Pigments market is USD 427.52 Million.
Which is the fastest-growing region in the Quinacridone Pigments market? +
Europe is the fastest-growing region in the Quinacridone Pigments market.
What specific segmentation details are covered in the Quinacridone Pigments market? +
By Type, and Application segmentation details are covered in the Quinacridone Pigments market.
Who are the major players in the Quinacridone Pigments market? +
Heubach GmbH (Germany), DCL Corporation (Canada), Lona Industries (India) are some of the major players in the market.
