HIGH PERFORMANCE PIGMENT MARKET ANALYSIS

High Performance Pigment Market, By Product Type (Organic, sub-segments, Benzimidazolones HPPs, Dioxazine Violet, Isoindolinones and Isoindolines, Perylenes, Quinacridones, Diketo-Pyrrolo-Pyrroles, Phthalocyanines, Imidazolone-Annellated Triphenedioxazine High Performance Pigments, Others and Inorganic, sub-segments, Cadmium High Performance Pigments, Cerium Pigment, Titanate High Performance Pigments, Bismuth Vanadate, Others), By Application (Coatings, sub-segments, Automotive coatings, Decorative Coatings, Industrial Coatings and Cosmetic Products, Inks, Plastics and Others)-

Global High performance pigment market- Recent Developments

In April 2019, Clariant Corporation had introduced the first bio-based variant of Pigment-Red 254, which would mainly be used for automobile coatings
In November 2020, LANXESS AG, a specialty chemicals company, expanded its capacity for black synthetic iron oxide pigments at its Krefeld-Uerdingen site by more than 5,000 metric tons per year. This expansion is expected to increase LANXESS AGs footprint in the Europe Market.
In June 2021, DIC Corporation acquired BASF’s global pigments business, known as BASF Colors & Effects (BCE). This will help to combine the technological capabilities of both companies to continue to provide new value to the market and to be the leading company in the pigment business. There will be over 30 pigment production facilities worldwide between DIC and BCE, which will enhance the company’s pigment portfolio with broader product categories related to High Performance Pigments Market including inorganic, organic and others.
In June 2021, The Heubach Group, partnered with SK Capital Partners, to acquire Clariant’s Pigments business. This will increase the organic pigments product portfolio for the company which is operate on 13 global production sites.