South Korea Pigment Red 144 Market was valued at USD 0.03 Billion in 2022 and is projected to reach USD 0.06 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
Understanding the Dynamics of South Korea's Pigment Red 144 Market and Industrial Requirements
Pigment Red 144, known for its vibrant red hue, has become a staple in various industries due to its excellent lightfastness and heat resistance. In South Korea, the demand for this pigment has seen a notable rise, reflecting the country's robust industrial activities.
Key Industries Utilizing Pigment Red 144 in South Korea
Plastics Industry: Pigment Red 144 is extensively used in coloring plastics, including polyethylene (PE), polyvinyl chloride (PVC), and polystyrene (PS). Its high migration fastness and thermal stability make it ideal for applications requiring durability and consistent color quality.
Paints and Coatings: The pigment's resistance to solvents, acids, and alkalis makes it suitable for various paint formulations. It's widely used in industrial coatings, automotive finishes, and architectural paints, offering vibrant and long-lasting color.
Inks: In the printing industry, Pigment Red 144 is valued for its excellent dispersion properties and compatibility with different ink systems. It's used in high-grade inks, including those for metal deco printing, due to its stability under sterilization processes.
Cosmetics: The cosmetic sector leverages Pigment Red 144 for its non-toxic nature and vibrant shade, incorporating it into products like lipsticks, blushes, and eyeshadows. Its stability and compatibility with other cosmetic ingredients make it a preferred choice.
Market Trends and Regulatory Landscape
South Korea's pigment production volume reached approximately 135 thousand metric tons in 2021, indicating a growing demand across various sectors. The country's commitment to environmental sustainability has led to regulatory changes impacting the pigment industry. For instance, the Ministry of Environment has proposed restrictions on the use of lead and its compounds in paints, effective from January 1, 2026. This move encourages industries to seek safer alternatives like Pigment Red 144, which does not contain lead compounds.
The cosmetic pigments market in South Korea is also experiencing significant growth, driven by the increasing demand for eco-friendly and durable pigments. Government initiatives promoting sustainable practices and supporting the beauty and personal care sector further boost the demand for high-quality pigments like Pigment Red 144.
Personal Insights and Industry Adaptations
In my experience within the South Korean pigment industry, there's a noticeable shift towards sustainable and non-toxic pigments. Companies are investing in research and development to innovate and meet the stringent environmental regulations. The versatility of Pigment Red 144, coupled with its superior properties, positions it as a favorable alternative in various applications. Industries are adapting by reformulating products to incorporate such pigments, ensuring compliance and meeting consumer expectations for safer products.
Overall, the South Korean Pigment Red 144 market is poised for growth, driven by industrial demand and a proactive approach to environmental sustainability. As industries continue to innovate and adapt, Pigment Red 144 will likely play a pivotal role in meeting the evolving requirements of various sectors.
Get an In-Depth Research Analysis of the South Korea Pigment Red 144 Market Size And Forecast [2025-2032]
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DCC GROUP COMPANY LIMITED
Devine Chemicals Ltd
ER CHEM
FIRSTRUTH COLORANTS CHINA
Nantong Zhengyan Pigments Chemical
Precise Group
ROWA Lack
SHANGHAI HONOR INDUSTRIAL
Synthesia
Trust Chem
Union Colors
Wuhan Lullaby Biotechnology
Zeyachem
Hangzhou Keying Chemical
Ningbo New Color Chemical Company Limited
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Pigment Red 144 Market
Paints and Coatings
Plastics
Inks
Textiles
Cosmetics
Water-Based Formulations
Solvent-Based Formulations
Powdered Pigments
Dispersions
Industrial Applications
Artistic Applications
Decorative Coatings
Automotive Finishes
Standard Red Shade
Light Red Shades
Dark Red Shades
Transparent Variants
Direct Sales
Distributors and Wholesalers
E-commerce Platforms
Retail Stores
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Pigment Red 144 Market Research Analysis
1. Introduction of the South Korea Pigment Red 144 Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Pigment Red 144 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Pigment Red 144 Market, By Type
6. South Korea Pigment Red 144 Market, By Application
7. South Korea Pigment Red 144 Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Pigment Red 144 Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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