High performance pigments (HPPs) are inorganic and organic pigments with excellent effectiveness that include superior ease of dispersion, high tinting strength, and other properties. These has a broad range of applications such as printing ink for outdoor sinage, non-impact printing and packaging, automobile coatings, decorative coatings, industrial coatings, plastics, cosmetics, and other applications.
Rising demand for coatings in various industries such as automotive marine, construction, and aerospace coupled with increasing need in plastic, textile, and cosmetic industry is expected to drive the global high performance pigments market growth. for instance, the automotive motor market's size value was approximately US $23.0 billion in 2022 and is poised to reach $28.7 billion by 2027, .Increasing government regulations on the usage of toxic products is expected to drive the growth of environment friendly high performance pigments such as organic high performance pigments, and this is expected to drive the global high performance pigments market growth. High manufacturing cost of HPPs is expected to hamper the global high performance pigment market. Furthermore, challenge faced by the high performance pigments industry is environmental concerns due to the inorganic pigments as they are made of petroleum-based products. For instance, Cadmium High Performance Pigments, chrome yellow and zinc yellow may cause lung cancer. Similarly, chromate pigments may cause skin allergies.
Market Dynamics
Asia Pacific is the largest and fastest growing region in the global high performance pigments market, owing to growing industries such as automotive, construction, and cosmetics. North America is projected to register significant growth in the global high performance pigments market, owing to significant demand for environment- friendly pigments, and highly effective pigments especially in the coatings industry. For instance, according to the Society of Indian Manufacturers, the domestic sales of automobiles in India were approximately 20.6 million in 2016-2017, and by 2019-2020 it reached around 23.4 million.
Key features of the study:
- This report provides in-depth analysis of global high performance pigments and provides market size (US$ Billion), and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global high performance pigments market on the basis of the following parameters– company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include BASF SE, Clariant AG, Huntsman Corporation, Lanxess AG, Solvay SA, Heubach GmbH, Sun Chemical Corporation, Ferro Corporation, Merck KGaA, and Synthesia A.S.
- Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
- Global high performance pigments market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global high performance pigments market
Detailed Segmentation:
- Global High Performance Pigments Market, By Product Type:
- Organic
- Benzimidazolones HPPs
- Dioxazine Violet
- Isoindolinones and Isoindolines
- Perylenes
- Quinacridones
- Diketo-Pyrrolo-Pyrroles
- Phthalocyanines
- Imidazolone-Annellated Triphenedioxazine Pigments
- Others
- Inorganic
- Cadmium High Performance Pigments
- Cerium Pigment
- Titanate High Performance Pigments
- Bismuth Vanadate
- Others
- Global High Performance Pigments Market, By Application:
- Coatings
- Automotive Coatings
- Decorative Coatings
- Industrial Coatings
- Cosmetic Products
- Inks
- Plastics
- Others
- Global High Performance Pigments Market, By Region:
- North America
- Europe
- U.K.
- Germany
- Spain
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- North Africa
- Central Africa
- South Africa
- Company Profiles
- BASF SE *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Cabot Corporation
- Clariant International Ltd.
- DIC Corporation
- ECKART GmbH
- Ferro Corporation
- Heubach GmbH
- Huntsman Corporation
- Lanxess AG
- The Shepherd Color Company
- "*" marked represents similar segmentation in other categories in the respective section.