High Performance Pigments Industry Analysis and Professional Survey 2018-2022

Growing of automotive coatings demand on account of increasing automobile production particularly in Asia Pacific is expected to remain a key driving factor for the global High Performance Pigments Market.

The Global High Performance Pigments Market is expected to reach USD 6.32 billion by 2022, according to a new report by Grand View Research, Inc.

The growth of global personal care industry is also expected to have a positive influence on the market growth. Volatile raw material prices coupled with the high price of these pigments is expected to remain a key challenge for market participants. The market displays high competition among its industry participants which has resulted in companies taking strong measures to reduce manufacturing costs and yet provide superior quality products.

Inorganic high performance pigments emerged as the leading product segment with demand share exceeding 60% of the global market in 2014. However, organic high performance pigments are presumed to witness a faster growth rate on account of changing customer buying patterns and favorable regulatory scenario.

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Coatings were the leading application segment and accounted for 59.9% of total market volume in 2014. Growth of global automotive coatings industry is expected to drive this segment over the forecast period. It is also expected to witness the highest growth of 5.4% over the forecast period. Developments in the ink jet printing technology are expected to lead high performance pigment demand in the ink industry.

Top Players of High Performance Pigments Market:

Some leading companies in the global market include Sun Chemical, Clariant, BASF, Ferro, Heubach, Sudarshan Chemical Industries Ltd, Merck, Eckart Effect Pigments and Horst Chemicals Zhuhai Co. Ltd.

Market Segmentation of High Performance Pigments Market:

The Global High Performance Pigments Market segmented on the basis of Product and Application.

By Product:

    Organic
    Inorganic

By Application:

    Coatings
    Plastics
    Inks
    Cosmetics

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