The LAMEA quinacridone pigments market is expected to reach a value of 42.05 million USD by 2030 with a CAGR of 3.4%. Quinacridone, which is primarily a molecule composed of inorganic elements, is utilised in the production of organic pigments. The compounds, which together make up a family of synthetic pigments, are principally put to use in the manufacturing of high-performance paints, inks, and coatings, amongst other applications. Because of the linear nature of the product, its application in the commercial sector is of utmost importance.
These pigments result in the production of seven distinct types of brilliant and striking colours. These hues range from a brilliant yellow to a vivid purple. They are preferred over other pigments for a variety of reasons, including but not limited to their excellent bleed and resistance to heat, their deep and vibrant colours, their high transparencies, and their very good tinting value and working properties.
Pigments made of quinacridone are utilised in a variety of commercial applications, including the production of paints, coatings, and inks, as well as the colouring of textiles and plastics. Pigments made of quinacridone are most commonly used in the coatings of automobiles, but they are also suitable for use in the paints used by artists, such as oils, acrylics, and watercolours.
When nanocrystalline dispersions of the compound are made to functionalize with solubilizing surfactants, the compound is then utilised in the production of printing ink. Due to the fact that their particles are so small, they can be utilised as printing inks. There are a few different magenta shades that are manufactured and labelled as "The Violet" and "Acra Violet" using the chemical Quinacridone. Organic pigments are processed to become some of the most powerful, saturated, and powerful tinting colourants available. If the substance is put to use as a dye, the fabric will readily absorb the colour.
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Increasing purchasing power hence increasing demand for Quinacridone Pigments
The demand for quinacridone is substantial, and it is anticipated that this will continue to be the case over the coming several years. The market is being driven by its application as a coating for automobiles. Consumers are drawn in by the product's brilliant hues as well as its diverse colour palette. It is anticipated that the ever-expanding vehicle sector in emerging countries will be the primary driver of growth in the market for quinacridone pigment. The expansion of the markets for textiles and plastics, which are occurring simultaneously with that of the automotive industry, will provide additional impetus for the market for quinacridone.
The increased purchasing power of consumers, the expanding construction industry in developing nations, and the demand among consumers for an improved standard of living are all factors that are driving growth in these industries. The market for quinacridone pigments is also benefiting from these factors. Because of the size of its individual particles, quinacridone pigments are also utilised in the production of printing ink. As a result of this, it is utilised extensively in the printing industries of books, magazines, and newspapers. In addition, there is a demand for printing ink in offices and businesses so that documents can be printed.
High Variations within the Printing Ink Prices to Restrict Market Growth
The superior properties of constituents such as pigments, binders, solubilizers, and additives to produce text, design, or images, along with rising demand from the packaging sector, commercial printing, and changing consumer preferences, are expected to keep these solutions in high demand in the future. However, due to the slow rise in product prices induced by the industry's intense rivalry, downward pricing pressure will likely hinder revenue growth in printing inks.
Further, the use, manufacture, and distribution of numerous inorganic solvents and hazardous metals are restricted by stringent regulatory frameworks such as the Federal Food, Drug, and Cosmetic Act and the United States Food and Drug Administration. As a result, it is expected to hinder market growth throughout the forecast period.
On the basis of type, the market is divided into PR122, PR202, PR282, PR206, PV19Υ, PV19β. In 2021, the PR122 segment has acquired the largest market share. Inks, paints, and high-density polyethylene (HDPE) plastics are common applications for PR122 because of the versatile properties it possesses. It can withstand high temperatures, light, solvents, and acids and alkalis very well. It also has a good resistance to solvents. PR122 is in higher demand in ink-based applications such as digital printing and offset printing as a result of its excellent weather and lightfastness as well as its high solvent fastness. Other desirable properties of PR122 include its high resistance to solvents. Because of its high resistance to heat, it can be used as a colourant in a variety of plastics, such as polycarbonate, polyester spin dyeing, ABS, polyolefin, and polystyrene.
The LAMEA quinacridone pigments market is divided into the categories of printing ink, digital printing, paints and coatings, the plastics industry, the textiles industry, and other applications based on the end users. In 2021, the segment for printing ink acquired the largest market, and the segment for paint and coatings acquired the second largest market.
Countrywise Growth Insights Request Sample Pages
The LAMEA Quinacridone pigments market is divided into Argentina, Brazil, Egypt, UAE, South Africa, Rest of LAMEA on the basis of country.