The global Pigment Red 176 Market continues to show robust growth, with its valuation reaching USD 132.8 million in 2025 and projected to grow at a CAGR of 5.3%, reaching approximately USD 198.4 million by 2032. This growth is primarily driven by expanding applications in high-performance plastics, coatings, and packaging industries where superior heat resistance and color stability are paramount requirements.
Pigment Red 176 is a benzimidazolone-based organic pigment renowned for its excellent lightfastness (6-7 at 1/3SD), chemical resistance, and thermal stability up to 300°C in polypropylene. These properties make it indispensable for demanding applications such as automotive components, synthetic leather, and cable insulation where conventional pigments fail to perform.
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Market Overview & Regional Analysis
Asia-Pacific dominates the global Pigment Red 176 market with a 45% production share, led by China’s massive plastics and coatings industries. The region benefits from cost-competitive manufacturing, strong domestic demand, and growing adoption in PVC products. Recent capacity expansions by Chinese producers have further strengthened their position in both domestic and export markets.
North America shows steady demand growth in automotive and industrial coatings applications, leveraging the pigment’s compliance with stringent EPA regulations. Europe maintains a strong position in high-value applications, particularly in synthetic fibers and food-contact packaging where REACH compliance is mandatory. Emerging markets in Latin America and Middle East are expected to show accelerated growth, albeit from smaller bases.
Key Market Drivers and Opportunities
The market is primarily driven by the global shift toward high-performance pigments in engineering plastics, particularly in automotive under-the-hood applications where temperatures exceed 250°C. Packaging applications account for approximately 35% of demand, followed by plastics (30%) and coatings (25%). New opportunities are emerging in lithium-ion battery components and 5G device housings where heat stability is critical.
Regulatory trends favoring non-toxic colorants present significant opportunities, with Pigment Red 176 being increasingly specified as a safe alternative to heavy metal-based pigments. Technological advancements in surface treatment technologies are expanding its application scope into previously inaccessible polymer systems.
Challenges & Restraints
The market faces challenges from raw material price volatility, particularly for precursor chemicals like aromatic amines. Supply chain disruptions have led to periodic shortages, impacting formulation consistency. In price-sensitive markets, adoption is constrained by the pigment’s premium pricing (25-30% higher than conventional alternatives).
Technical complexities in achieving optimal dispersion across different polymer systems continue to pose formulation challenges. The lengthy approval process for food-contact and toy safety applications (6-12 months per formulation) creates time-to-market barriers for new product development.
Market Segmentation by Type
- P.H. Value:6.5-7.5
- P.H. Value:7.5-8.0
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Market Segmentation by Application
- Paint
- Plastic
- Ink
- Other
Market Segmentation and Key Players
- DCL Corporation
- Devine Chemicals Ltd
- HANGZHOU AIBAI CHEMICAL
- Hangzhou Epsilon Chemical
- Hangzhou Han-Color Chemical
- Ningbo New Color Chemical Company Limited
- SY CHEMICAL
- Trust Chem
- Zeya Chemicals (Haimen)
Report Scope
This report presents a comprehensive analysis of the global and regional markets for Pigment Red 176, covering the period from 2025 to 2032. It includes detailed insights into the current market status and outlook across various regions and countries, with specific focus on:
- Sales, sales volume, and revenue forecasts
- Detailed segmentation by type and application
In addition, the report offers in-depth profiles of key industry players, including:
- Company profiles
- Product specifications
- Production capacity and sales
- Revenue, pricing, gross margins
- Sales performance
It further examines the competitive landscape, highlighting the major vendors and identifying the critical factors expected to challenge market growth.
As part of this research, we surveyed Pigment Red 176 manufacturers and industry experts. The survey covered various aspects, including:
- Revenue and demand trends
- Product types and recent developments
- Strategic plans and market drivers
- Industry challenges, obstacles, and potential risks
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