Pigment Red 31 Market size was valued at USD 150 Million in 2024 and is projected to reach USD 220 Million by 2033, exhibiting a CAGR of 5% from 2026 to 2033.
The Pigment Red 31 market in South Korea is witnessing steady growth due to the increasing demand for this vibrant red pigment in various industries. Pigment Red 31, known for its excellent color properties, is widely used in the production of paints, coatings, inks, plastics, and textiles. As a key raw material, it serves as an essential component in industries where color consistency and quality are crucial. South Korea, a major player in the global pigment market, is seeing a surge in demand for Pigment Red 31 from both domestic and international markets.
One of the key driving factors behind the increasing demand for Pigment Red 31 in South Korea is its application in the automotive and construction industries. With the growing urbanization and infrastructure development, the need for high-quality paints and coatings has skyrocketed. These sectors prefer Pigment Red 31 due to its excellent color retention, durability, and resistance to environmental conditions. Additionally, the textile industry has also been using this pigment for dyeing fabrics, particularly in fashion apparel and home textiles, which has further boosted its market presence.
Another major contributor to the Pigment Red 31 market is its use in the printing industry. The pigment’s exceptional stability and vibrant color make it ideal for ink formulations, especially in high-end printing applications. Whether it's for packaging, publications, or advertising materials, this pigment is highly preferred for its ability to deliver rich and long-lasting hues.
Despite the growth of the Pigment Red 31 market, industries require a consistent supply of high-quality pigments. Manufacturers in South Korea are focusing on technological advancements to enhance the pigment's performance. They are improving its lightfastness, heat resistance, and compatibility with other substances. Moreover, regulatory compliance and sustainability have become key concerns, with industries increasingly demanding eco-friendly and non-toxic alternatives.
In summary, the South Korea Pigment Red 31 market continues to expand due to its versatile applications across multiple sectors. The pigment’s demand in industries such as automotive, textiles, and printing is fueling market growth, and innovations in pigment production are expected to further meet the evolving needs of these industries. With a strong focus on quality, performance, and environmental standards, South Korea is set to remain a leader in the global Pigment Red 31 market.
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Carense
EMPEROR Chemical
EPSILON
HANGZHOU AIBAI CHEMICAL
Hangzhou Keying Chem
JYOTI INDUSTRIES
Mehul Dye Chem Industries
MolColor
Nanjing Chem Limited
Oswal Udhyog
S D INTERNATIONAL
Shandong Yuhong New Pigment
SY CHEMICAL
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 31 Market
Coatings
Plastics
Inks
Textiles
Construction Materials
Dry Powder
Liquid Suspension
Granules
Chemical Industry
Automotive
Consumer Goods
Packaging
Home DĂ©cor
Direct Sales
Wholesale
Online Retailing
Distributor Networks
Premium
Mid-range
Economy
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Pigment Red 31 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 31 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Pigment Red 31 Market, By Type
6. South Korea Pigment Red 31 Market, By Application
7. South Korea Pigment Red 31 Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Pigment Red 31 Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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