Improving automotive coating applications, growing demands from the aerospace and transportation sectors, increasing use of paints and coatings, coupled with ongoing pigment-related advancements, are some of the factors that will drive the growth of the high-performance pigment industry.
The global High-Performance Pigments Market is forecast to reach USD 7.40 Billion by 2027, according to a new report by Reports and Data. High-performance pigments (HPPS) are both organic and inorganic pigments with strong insolubility, heat resilience, color strength, temperature and light speed properties, fastness of bleeding and solvents, and low movement. High-Performance pigments are used in a wide range of outdoor applications, including signage, advertising, and decals. Also, these pigments are used in indoor applications such as floor and wall coverings and specialized labels printing inks such as retort labels, protective inks, metal decorating inks, color filters, and electrophotographic toners used in liquid crystal show. Growing demand for high-performance pigments in automotive and industrial coatings, plastics, and cosmetics is a significant driving force in the growth of the High-Performance Pigments industry. Besides, the strong demand for High-Performance Pigments is driving market growth due to its wide variety of uses, outstanding efficiency, and relatively low environmental effects. Numerous RD efforts for the production of emerging high-performance pigment innovations such as nano-pigment technology are also driving the market growth.
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Top Companies: Merck Performance Materials, Sudarshan Chemical Industries Ltd., Horsta Chemicals Zhuhai Co. Ltd., Vijay Chemical Industries, BASF SE, Voxco Pigments and Chemicals Pvt. Ltd., Sun Chemical, DIC Corporation, Meghmani Pigments, and Heubach, among others.
Further Key Finding from the Report Suggestion:
- Based on the product, inorganic pigment generated a revenue of USD 2.79 billion in 2019 and predicted to rise with a CAGR of 5.5% in the forecast period as they are usually metallic precipitated salts and not carbon-based, thereby witnessing strong demand marks emerging economies such as the Asia Pacific and the Middle East.
- The automotive and transportation expected to grow with a CAGR of 5.1% in the forecasted period, owing to the rise of next-generation automobiles and the advancement of transportation networks globally.
- The coating application is the major contributor to the High-Performance Pigments Market. The automotive transportation sectors of the Asia Pacific region are the major shareholder of the market and held around 47.2% of the market in the year 2019, owing to the increasing demand from various forms, typically, from the automotive coating followed by other industrial applications and decorative coatings.
- The Asia Pacific dominated the market for silane in 2019. Driving the market is the strong emphasis of the area on cost-effective and creative procedures being implemented in the industry. The Asia Pacific region held approximately 36% of the market, followed by North America, which contains around 29.1% market in the year 2019.
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Market Segmentation:
Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Organic
- Inorganic
End-Use Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)
- Automotive Transportation
- Construction Infrastructure
- Printing
- Industrial
- Others
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Coatings
- Plastics
- Inks
- Cosmetics
- Others
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global High-Performance Pigments market report:
- What is the expected market size of the global High-Performance Pigments market during the forecast period?
- What factors are expected to hamper global High-Performance Pigments market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global High-Performance Pigments market?
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